Out-of-stock items, unmanaged inventory, unknown losses, and overstocked items can add up to significant revenue losses. Once you understand these losses, you can take action. The new PaladinNsight™ dashboard and tools (in the Inventory module) are designed to help you. Continue reading
Today’s market seems to be all about the price. How much cheaper can I get it here as opposed to there and who is going to give me the best deal. So the age-old question comes to mind, “how do I keep up with the never ending competitive market?” Continue reading
Cost is an important factor in every business decision. So how can you calculate the true cost of point of sale? According to www.bematechus.com, companies on average spend 2-3% of their annual revenue on the initial set-up and then 12-18% of that amount for maintenance and upgrades. Sounds simple, but it gets a little more complicated when you consider the cost-saving and profit-producing variables created by your point of sale system. Continue reading
You ask the customer standing in the aisle, “Can I help you?” They respond with the all-to-often heard, “I’m just looking.” Converting even a few browsers into buyers each day may have a significant impact on your bottom line. You can avoid missing a great selling opportunity by using these simple psychological tactics: Continue reading
Establishing strong, long-term customer relationships is critical to the overall health of your business. Not only do happy customers become repeat customers, but they are also your best sales people. Here’s how to build lasting connections: Continue reading
Having all of your payment transactions, inventory management, and checkout made easier while remaining HIPAA-compliant is increasingly important for pharmacy software and point of sale systems. Paladin Point of Sale offers features to streamline your business while increasing customer satisfaction with Paladin Mobile2 capabilities and other Rx features. Continue reading
Many merchants have legitimate business reasons to establish remote access connections to their point of sale, including allowing resellers and other vendors to manage and update software systems. If not configured and managed correctly, they can provide an easy entry point for unauthorized intruders to gain access to the point of sale system, and potentially to sensitive customer data. The following are highly recommended tips for enabling remote access and maintaining data security. Continue reading
Layaway plans have made a resurgence after a hiatus in the mid-2000s and have been spearheaded by big-box retailers like Walmart, Toys R Us, and Kmart. A whopping 30% of consumers start their holiday shopping as early as October.
How can you take advantage of attracting these consumers to your store? Paladin Point of Sale makes it easy to create a layaway plan and accept deposits for each customer, as well as keeping track of all quantities of items being reserved. Continue reading
If a chain is only as strong as its weakest link, your store is only as strong as your weakest employee. Finding the right employees for your store is an important task. Even the best store with the right products and perfect prices can falter under untrustworthy leadership and lack of loyalty.
According to the 2014 annual Deloitte Millennial Survey, millennials are expected to become 75% of the global workforce in the next decade. Today’s millennial generation has many choices in employment and is no longer drawn to the retire-where-you-began work ethic of generations past. Hiring from the millennial generation is an intelligent step toward finding employees that fit your store.
Since hiring new employees costs more than retaining loyal ones, what can you do to attract and keep loyal employees in your store? Continue reading
You may be entitled to a Payment Card Interchange Fee Settlement payout. Continue reading