Benefits of Using ICT Systems in Business Management.
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The document discusses the benefits of point of sale (POS) systems for business management. It notes that POS systems automate sales and inventory processes, eliminate human errors, reduce paperwork, and allow businesses to track inventory, sales, and finances in real time. POS systems can be accessed on phones and make transactions quicker while keeping accurate records. The document promotes POS systems from POSmart Systems that are tailored for small businesses in developing countries and can be used locally or in the cloud.
Benefits of Using ICT Systems in Business Management.
- 1. Benefits of ICT Systems For Business Management Ease of Doing Business David Tuikong Director , POSmart Systems Ltd
- 2. A Retail Point of Sale System is a computer based system that automated sales and inventory process. Typically includes a cash register (which in recent times comprises a computer, monitor, cash drawer, receipt printer, customer display and a barcode scanner) and the majority of retail POS systems also include a debit/credit card reader. May Also be Mobile Based
- 6. Many point of sale system are available in the market, choose very carefully best suitable for your business. Point of sale system are needed to be faster, easier and cheaper to install. Point of sale system eliminates human errors and save money in the long term. Point of sale system peripherals bar code scanner facility makes transactions execution quick and save customers precious time.
- 7. Point of sale system help you to track and manage your inventory in real time. You can see numbers of items remain in stock easily and can order quickly how many items are needed and alert you when stock is running low. Point of sale system reduced paper work by automatically generating accurate reports. Instantaneous updates in sales and purchase records hourly, weekly and monthly gives you a better idea of how your business is doing.
- 8. Point of sale system keeps accurate record of daily transactions and report about the volume of the stock. Can be used to access financing Point of sale system simplifies the accounting processes Customers can receive more detailed itemized receipt of the items they have purchased just because of the point of sale system. Reduces Theft and Pilferage
- 9. Point of sale system cut down the chances of user errors because the software has built in checks to ensure that the information entered is accurate and correct. Point of sale system helps companies to identify the gap so you can manage or plan new strategies to achieve your set goals. Helps in Tax Compliance Which is important for any Business
- 10. 1. It is costly and I cannot Afford: False. can be accessed even on phone 2. It Adds more work in my business. False. Not True. It makes you Work more efficiently, accurately. 3. Its too complex: Neither I or my staff can understand. False. Its quite easy if u can use a WhatsApp, Facebook then u can use POS. 4. We have Problem of Electricity: False. U can use Phone Based POS. 5. Am too Small to use Technology. False. Every Large Company is Driven by technology. Every Visionary Company should adopt Tech. It could be your current limitation to growth.
- 11. Easy Product Addition Product Image Product Linked to inventory Product categories Support product barcode & Product code Product Description.
- 12. Shoe Wholesalers in Kamukunji. She uses RetailStar POS to manage her business. She is one of our most enthusiastic clients.
- 13. Point of Sales Module Use any Standard Barcode Scanner / thermal Printer. Accept Multiple Payments: Cash, Card, Mobile(M- Pesa) or Cheque and Record Payment Details Easily Adjust Quantities, Discount and Price on the Go. Generate Customer Invoice complete with company Logo Hold and Resume Sale
- 14. Inventory Management Track Inventory Items Define Item Units Get Inventory Value at Any Given time Monitor stock Level Per item Reorder Level alert Generate Delivery Note for Each sale
- 15. Supplier / Order Management Keep a record of all your suppliers and their contacts Manage supplier Categories Generate Purchase Orders Record Purchase Order Received items Track supplier payments. Receive Stock directly to inventory
- 16. Invoice /Payments Module Monitor Each invoice per staff/ customer Track invoice payments / balances Get payments report ( Cash/ MPESA)
- 17. Keep a record of all customers Manage customer credit and payments per invoice Print Customer statement Set credit Limit per customer Credit control
- 18. Customer Module Keep a record of all customers Manage customer credit and payments per invoice Print Customer statement Set credit Limit per customer Credit control
- 19. Expense Management Keep a track of all your Expenses Categorize Expense: Wages , transport etc Track your daily monthly or annual Expenses
- 20. Manage staff credentials Manage Staff permissions Edit and change Passwords All transactions recorded per staff
- 21. Profit & Loss statement Profit / Loss Per Product. Best Sellers Dead Stock / Slow Movers Inventory In/ Out Reports Inventory Value Customer statements Daily Sales Report: Per staff/ Per invoice Expenses Report Get payments report ( Cash/ MPESA)
- 22. POSmart Systems is a Kenyan Registered business that is focused on providing Cutting Edge Point of Service Solutions to Businesses of All Sizes. Our team comprises of qualified and vastly experienced professionals in Retail and Hospitality Industries. Ease of Doing Business Point of Service is our Passion, Giving you a working solution is our Pride.
- 23. RetailStar is a Point of Sale Software that understands the unique needs of small and medium enterprises in Kenya and other Developing countries. It is easy to use and efficient POS systems that can be deployed locally or on the cloud. Accept Cash, Mobile Payments(Lipa Na MPESA). Access your data and reports easily. Whether you are mobile phones shop, A pharmacy or a small supermarket, Retailstar is the choice for you
- 24. Sellio is a Mobile Based(Android) sales & Inventory Management app purposed for businesses that need the flexibility and benefits of mobile. The app empowers you to make sales, manage your product catalog /Inventory and track your business performance. Runs on Android. Features Inventory Management Sales Management Product Management Product Images Sell Onsite or on the go Works Online or Offline Sales & Profit Report
- 25. POSmart Systems Ltd Summit House, 4th Floor Rm 402 Tel: (+254) 0720152151 / 771 211 102. Email: info@posmart.co.ke Ease of Doing Business www.posmart.co.ke Point of Service is our Passion, Giving you a working solution is our Pride.