Will EPoS Software Improve my Business Security?
An ever-growing number of UK retail businesses are introducing EPoS software to assiit in the improvement of their business. One thing many people overlook when considering the benefits of EPOS software is the importance of security.
Electronic Fund Transfer
One of the most important features of all good EPOS software is integrated charging.Basically the feature involves an instant electronic fund transfer at the point of sale.EFTPoS, as it’s more commonly referred to, links to an electronic till allowing customers to make debit or credit card transactions which are instantly debited from their back account.
Reduce Risk Associated With Cash Purchases
An integrated EFTPoS system can help significantly lower the number of cash purchases, reducing the risks associated with handling large amounts of cash.For example, the risk of underselling or being short-changed at the point of sale is reduced, money handling time is kept to a minimum during cashing up times, deposit runs to the bank are significantly reduced and collections by security businesses can be cut back.
Payments by Cheque
As well as helping to reduce the risks associated with cash sales, EPoS software, with integrated EFToS, also assists in reducing the issues associated with cheque payments. One of the most common risks associated with payment by cheque is when a cheque ‘bounces’, the term used when there is insufficient funds available in the bank account of the issuer to cover the costs of a purchase.
As well as the obvious issue with such an event, both the customer and business are charged a fee by their respective banks.
Should this situation occur with EPoS software, with integrated EFTPoS, in place the sale would simply be refused should insufficient funds be present, meaning the customer would be prevented from leaving with items they have not paid for and removing the risks of any further bank charges.
More About EPoS Software
BCP is a leading UK systems provider offering their own branded Accord® EPoS software complete with a wide range of functionality. .Accord® EPoS Software solutions are the ideal solution for improved retail security providing many benefits to your business.
For more information call their helpful customer advisors on +44(0) 161 355 3000 or email them at mail@bcpsoftware.com
