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ProphetLine POS has been our lifeline for seven years in our four retail stores. The software is robust and offers many more functions and ...
Read MoreWhen I talk with potential new clients about POS software, the conversation always turns to how to control inventory in the simplest way. Trying to keep track of inventory by item level is next to impossible, unless you would like to be glued to the computer twenty four hours a day. We built our POS software where item levels are viewable, but the analytics are done by the department and class level. What departments and classes are trending up in sales? Which are heading down? How are the sales comparisons changing, as measured by the percentage of revenue each department and class contribute and their overall cost? Which vendors are my profitable ones or which ones I like to drink coffee with?
Have I been able to maintain my selling price and margins or am I keeping up my dollars at the expense of my bottom line? How are my sell thru percentages, turn rates and margins in each department and class as compared with other departments and classes. These numbers all come quick and automatically from the POS software retail stock ledger. You need to identify these trends quickly if you are to change your product mix, lower or raise your initial markups and change floor layout. The steps you take need to be factual, quick and easy to implement based on solid information from your POS software.
It seems like we have been stuck in this lousy recession forever. It has been a long time since, we the small American retailer, has had to face this amount of economic pressure. For those that have managed to weather the storm and can see a light at the end of the tunnel, more power to you and job well done. All we read and hear about is the financial stimulus aid for the large corporations that still pay an incompetent CEO large checks and big golden parachutes. As a small retailer, you are on your own, but there are steps to take that will ease the pain of a recession and that is good inventory control. Don’t over buy on inventory that doesn’t fit the clientele that you cater too. Now is not the time to bring in assortments that does not fit your base business model. Do your department/class comparatives and make sure the dollar value of each department is in line with the revenue contribution. The pressure is also on your vendors to perform well and now is a good time to make sure they understand they are under the microscope to give you the terms and pricing that will help keep you in business. Your POS software should give you all the information needed to make the good, tough and informed decisions you need to help you weather the recession storm.
There isn’t anything new in retail store technology that is so innovative that it guarantees you retail success in 2009. Most retail systems are last year’s model with a different ribbon and a new name. I feel good about where ProphetLine is and where we are going. ProphetLine POS Software is so fully integrated and feature inclusive, you can run a specialty retail store and never need another product. I know our product development this year is in line with what retailers need to get through this tough period and stay strong until the economy is back on the upswing. If you are in the market for POS software tools to help you improve your business processes, now is the time to start your search.
The economy is forcing more and more people into the wild and crazy world of entrepreneurship. I have always told my kids that enjoying life is about two things; making a good living at your chosen profession and enjoying this profession. If either part is missing, you are doing the wrong thing for the wrong reason. After picking your location, remodeling, choosing your POS software and having all those sleepless nights, make sure you have done it for the right reason, you love what you do.
The following two paragraphs are from the May 26th New York Times. The road to success as an entrepreneur can be frustrating, tedious and exciting at the same time. The journey down that road requires your understanding of every facet of your new business and the competition. It also requires full responsibility for your business; you will be entirely responsible for its success or lack thereof. Still, executives of worldwide companies sometimes leave their plush, corporate lifestyles for shoestring startup operations. Why? Because being an entrepreneur is potentially much more rewarding, both personally and financially. These execs realize that although they are rewarded for their hard work, they can only gain a finite amount by working for someone else. And if your business meets with success, you stand to be rewarded not only financially for the responsibility you have assumed, but emotionally, with the satisfaction that comes only with creation and ownership. And what’s more, you establish your own timetables, rules, and goals.
Entrepreneurship is about people. If real estate is “location, location, location,” then entrepreneurship is “people, people, people.” Your partners, employees, investors, customers, and everyone else you come into contact with must have confidence and trust in you and your business. This trust is what will win you repeat customers, loyal employees, willing investors, and success as an entrepreneur.
If you look at ProphetLine POS Software closely, the great service, support staff that works with you and never finger points with functionality that only comes with pricey products, the only conclusion you can make is you can’t afford our POS software. Nothing could be farther from the truth. ProphetLine is the affordable alternative to the lousy service and all hype large companies with comparable functionality. ProphetLine POS Software/Retail Systems prides itself on a more one to one personal relationship that gives you the retailer, a comfort level that someone really cares about your business. Your calls are usually answered in a short period of time and if not, you are put into the system for a quick return call. You have a choice, call and talk to someone you don’t know and have never talked to before, or call and talk to someone you have developed a relationship with. I think you’ll like the way you feel.
ProphetLine is a boutique style software company that is big enough to handle all your needs and small enough to give you personalized support and service for your specialty retail business. Unlike many larger and more expensive publicly traded companies, we have no pressure to meet quarterly goals which can hamper the quality and innovation of the product. When you think about buying your first or next POS Software product, ask yourself if being just another number is adequate or would you prefer to have a company that thinks of themselves as your business partner and friend. Then call and you will confirm that you can afford the best small POS software in the world.
We are always competing with other POS software companies for business, but when we are compared to cheap products that are nothing more than glorified cash registers, I get irritated. Good POS software is more than printing a receipt and opening a drawer, it is a means of aggregating data that is used to make informed business decisions. The next time I receive a call and price is put ahead of quality and support, I’ll try to be nice and tell them our price is low, but that’s not what you should be buying. The built in Retail Stock Ledger alone is worth the price of our POS Software.
This single sheet of paper can give you comparatives on vendors, items, classes, and departments. Who gives you the best turn rates and sell-thrus, vendor A or Vendor B? Knowledge to make smart business decisions. The typical retailer is overstocked by 10-25% at any given point in time, meaning that for every $100,000 in sales, there can be $5,000 to $25,000 (at retail) in excess inventory on the shelves. When you start looking at $500,000 in sales, the wasted investment runs into six figures. Imagine converting $100,000 of excess inventory into cash. So please, when you call ask about why our POS software is different.
Working with leading edge, progressive retailers is where ProphetLine gets most of its ideas for future enhancements. Without customer feedback as a guide, we could never identify, spec out and release functionality that will enable small specialty retailers to better serve their customer base and identify new ways to improve profitability. ProphetLine was the World’s first specialty retail management system, which means we have had many years to write functionality into our product. Regularly updated business software means you are using the absolute latest technology. By keeping technologically updated with competitors and the industry, your business has the advantage of being prepared for the next stage of growth.
The newest release of our POS software includes comprehensive support for customer marketing, merchandising, behind the scenes communications that replicates data back to corporate as often as needed and the latest PCI-DSS credit card security. All of these features are meant to save owners and employees hundreds of hours on the technical side and put this time into taking care of customer needs. When our customers talk, we do listen.
Will your POS software grow with you? The decision you make today will have huge consequences down the road. Whatever you ask your POS software to do, it should support your growing business needs, rather than add to your workload. As your customer base increases, the last worry you want is whether or not your POS software can keep up with the ever increasing business demands. Good support should be the first thing you ask about when considering a new POS software company. This is why we sell direct and support direct.
Being able to contact the POS software developer directly means faster, more efficient and more reliable service when you need it most. Our support staff can be called immediately when an issue arises and you have to have an answer now. Nothing can be more frustrating than needing to know how to perform a certain task and not getting a knowledgeable answer. If you don’t get your support from the people that develop and work with the POS software every day, are you really getting the reliable answers you need?
When it comes to POS software, small retailers are looking to increase and simplify their business processes without destroying their budget. So, what’s the best option for your business? Implementing or changing POS software is a huge step for a business of any size. Whether you are moving up from a cash register or entry level Pos/Retail Management Software, it is important for business owners to do their research. You must find a POS software company that you trust to support and keep you running efficiently, has the functionality that is a must for your business and a price that want break the bank.
The natural instinct of most businesspeople is to find a POS software solution that is cheap without regard to the training, support and functionality. You also need a POS software solution that is flexible, expandable, can support your growing business and your changing business processes. The first place any business owner should evaluate is their current business processes and what it would take to elevate these to achieve visible and lasting improvements. At a time when customer demands are changing rapidly, a real time and instant view on all portions of your business are needed. You can meet or exceed all of these business requirements with all-in-one POS software, accounting, marketing and web shopping.
