Point-of-sale (POS) systems have advanced in the last decade to improve customer experience, and enable business owners to run their businesses efficiently. The traditional POS systems were able to only process payments and issue receipts, modern POS systems have transformed how restaurants accept payment and process orders, control inventory, and interact with their customers.
Let’s examine five ways that a POS system can assist you to manage your restaurant’s personnel, inventory, and staff
Advanced Inventory Tracking 
Controlling costs is essential for any restaurant. In real-time, you can stay up-to-date with what’s on sale and. It lets you conduct an analysis of the comparative effect to find the gap between value of production and the sales. It is possible to significantly enhance the accuracy of your inventory tracking by using a modern POS. The system will allow you to keep track of ingredients, menu items as well as other items within your kitchen. By using reports for inventory management Restaurants can enhance their purchasing power, decrease the loss of inventory due to loss, theft, or spoilage and increase profits.
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Phone and Contactless Ordering as well as Payment
In light of the COVID-19 crisis that is currently affecting the COVID-19 crisis, consumers are now focusing their attention on payment and ordering via contactless. Ordering via contactless lets customers browse the menu, choose an item and pay using smartphones. Customers are happy to pay at tables as it offers security, and also allows them to swiftly end their meal. The current POS system has bills that have an QR code on the bottom. It allows customers to look up the QR code on their smartphone and make payment using methods like Google Pay.
Control Timesheets and Staff
The effective management of your employees is essential in order to efficiently and effectively run your business. The employee management feature included in your POS lets you monitor the time every employee in the restaurant. POS that automatizes payroll offers advantages such as:
- More precise timekeeping
- Better record keeping and less clutter
- Faster and more efficient wage calculation
- Tax deduction calculations are simpler and easier to calculate with a lower chance of committing errors
A POS system is the first protection in a business that is high-volume to avoid theft and errors. The POS system with reporting on cash management will allow you to be careful in capturing cash-ins as well as cash-outs and create detailed reports.
Provide a Customized Customer Experience
By using a POS system allows you to improve customer service by making it more personal. It permits you to keep and manage customer data. This means that you can make your customers happy with your personalized by giving them their preferred complimentary drink or dessert on their birthday. It is also possible to customize discounts in their email by monitoring their frequency of visits, as well as other similar information. You can also design reward programs that encourage loyalty to your restaurant. The programs will inform patrons that you value their loyalty and that you’ll work to ensure they return. 
More Accurate and Detailed Reports
Certain POS systems can create comprehensive reports that cover every aspect of your company, including inventory, prices, sales staff members, customers. Restaurant owners can monitor their data remotely via tablets, smartphones, and other devices through syncing channels. This is useful when you have multiple locations or warehouses. Furthermore to that, a POS system allows users to look at real-time reports as well as summary reports to make informed business choices.