Smart POS: retail’s customer experience revolution

People these days compare their online shopping experiences with their in-store experiences. As a result, every brand needs to ensure that customers check out smoothly and that their shopping experience is enjoyable and hassle-free.
It’s clear that customers’ in-store experience is crucial for every brand’s success.

Traditional POS systems do not deliver the kind of experience that shoppers want today.
They make customers wait in the queue for long, do not accept all payment options, and lack personalized service. On the other hand, a smart POS helps retailers deliver a personalized shopping experience assisted by a mobile-first approach. This ensures an excellent in-store experience that helps brands remain competitive and relevant.

What is a smart POS system?

A smart POS system is an advanced checkout system with multiple features and functionalities.
It is a versatile tool with the necessary intelligence and analytical abilities to help deliver the kind of shopping experience customers have begun to expect lately.
Smart POS software is usually cloud-based and has a centralized platform to streamline all relevant data.
As a result, it can perform additional functions such as inventory management, accounts, and CRM.

How does a smart POS system work?

A smart POS system uses all the modern technologies, such as cloud computing and mobile accessibility, supported by a centralized platform.
It also lends itself to third-party integrations, which allow businesses to add multiple functionalities necessary for their unique requirements.
It collects data in real time, and delivers relevant insights while shoppers are in the store.

This helps your staff to provide a personalized and context-oriented in-store experience that customers will enjoy.

Integration with headless commerce

Integration with headless commerceheadless commerce facilitates a single source of truth supported by a centralized configuration. This not only results in simplified operations, but also helps provide a seamless customer experience across multiple touchpoints and channels. In addition, simple integrations with third party apps turbocharge the existing functionalities of your smart POS. Other benefits of headless commerce include easy extensibility and the ability to scale at will – a sure way to future-proof your business.

Integration with headless commerce allows your staff to deliver a highly personalized in-store shopping experience without affecting backend processes. If customers have special requests at the time of checkout, your staff can quickly honor them while updating only the most relevant information in the backend. This flexibility allows greater freedom for retail workers to focus on customers’ in-store experience.

3 Ways smart POS enhances the customer journey

Faster checkouts with diverse payment options

Customers increasingly expect versatile payment options. From being able to use Apple Pay or Google Pay to redeeming loyalty points and shopping with their gift cards, customers can make use of diverse payment options.

A smart POS helps retailers to offer multiple payment options at the store, akin to how online touchpoints allow the same. This helps retailers to provide a seamless shopping experience in-store, which is the primary role of a POS.

As multiple payment options are enabled, it is easy for customers to request refunds, make returns, or claim errors in billing post-purchase. All this leads to a superior checkout experience and an enhanced customer journey.

Personalized service and targeted promotions

Customers, especially those who belong to younger demographics, enjoy highly personalized shopping experiences. From detecting accurate personas based on previous interactions to understanding customers at a deeper level, thanks to rich insights, a smart POS system helps your staff deliver a personalized shopping and checkout experience for customers when in store.

These insights also provide the opportunity to enroll customers into loyalty programs that resonate with their beliefs. Let’s not forget that brands that align with customers’ beliefs tend to do better in generating revenue.

Omnichannel fluidity

Omnichannel shopping is crucial for every business’s retail success.
It allows customers to switch between platforms and continue their shopping journey from where they left off.
When it comes to in-store experiences, omnichannel shopping experience needs to go a step further.

This is where a smart POS plays a significant role.
It helps to create omnichannel fluidity, through which retailers can enable both omnichannel order collection and management.
This is enabled by a centralized platform that transmits data in real time so that backend processes are omnichannel.

Benefits of smart POS for retailers

Increased operational efficiency

A smart POS is a data powerhouse that effectively connects frontend and backend operations. As a result, it generates insights that allow retail staff to enhance their operations in real-time. From processing payments quickly to eliminating common issues such as understocking and overstocking, a smart POS helps business owners control all retail operations from a single interface.

Improved inventory management and availability

A smart POS not only processes different kinds of products but also helps staff manage inventory and check product availability in real-time. This allows them to process payments and deliver products later if there are availability issues. As a result, customers can easily find a product they want to purchase.

Data-driven decision making

Marketing in a rapidly evolving world is no easy task — it requires companies to be sensitive to customers’ evolving needs and ensure that the buying experience is frictionless and enjoyable.

A smart POS helps retail staff and store managers make quick decisions about enhancing customers’ shopping experience in real time. From suggesting complimentary items to providing accurate information regarding items in stock, a smart POS system helps your staff make data-driven decisions.

Enhanced employee productivity

Most smart POS systems also come equipped with basic employee management features, which allow store managers to track performance, appraise employees, and identify hurdles.

Smart POS tools also allow employees to clock in their time at the store and mark attendance as necessary. This helps your frontline workers focus on delivering a great customer experience instead of worrying about timesheets and attendance tools.

Improved in-store buying experience

At the heart of an innovative POS system’s charm is its ability to enhance the in-store buying experience. Different POS interfaces exist, such as kiosks, tablets, mobile phones, and POS machines.

All these allow your staff to deliver a superior checkout experience to shoppers without making them wait in line or trying multiple payment methods before something works. This ease and comfort with which they shop ensures that they will remember the buying experience as something pleasant.