Cannabis dispensaries are one of the quickest developing new industries in the nation. With more states moving towards marijuana legalization seemingly consistently, it’s a rush of retail business entrepreneurs. Many of which are inexperienced with traditional retail tasks and devices.
In this blog post, we discuss the dispensary pos software key features. Based on this post you can able to choose the best solution for your business.
Dispensary POS System Overview
While the legal cannabis business is a moderately new one, with its very own one kind of difficulties, numerous standard retail POS meet the necessities of your cannabis dispensary. So let talk see an overview of Retail POS Software.
In the retail business, POS software helps the retail owner to process the sales and used as cash register replacement.
Retail POS System business management features
- Inventory management tools
- Reporting and analytics
- Employee management tools
- Basic marketing and customer relationship management capabilities
- Integrations with other business software for accounting, payroll systems
POS system can be used as cloud-based or locally installed.
Locally installed vs Cloud-based software
Locally installed software means POS software installed in the local system which is placed in the business place. Locally installed software has disadvantages such as
- Proprietary Hardware
By logging the web browser you can able to access the business information which is stored on the cloud from anywhere.
Benefits of Cloud-based software
- Easy to access
- Standard Hardware
Key Features of Dispensary POS Software
- Marketing and customer relationship management
- Payment processing
These are the key features of dispensary POS Software. In this section, we will discuss the transactions and Reporting.
Transaction processing is one of the best components in the POS System. Some of the POS systems have tools to help business owners. Such as
- Age verification – Tool can help to verify the customer age.
- Purchase Limits – It is built in function to control the transactions never exceeds the quantity.
- Seed to sale tracking – You can able to track the sale of specific cannabis strains by integrating state-specific systems.
Reporting is one of the major reasons for choosing the POS system. POS system provides the following reports for business owners.
- Sales Reports
- Employee Reports
- Inventory Reports
- Marketing Reports
You can able to track revenue based on the following metrics.
- Revenue by-products
- Revenue by department
- Revenue between locations
- Revenue across different data ranges
You can able to track the employee working hours, sales performance and employee labor cost.
You can able to track the profit margins for each cannabis products, trends related to product popularity.
You can able to create optimal customer experience based on customer behavior like purchase history.
To know more about the dispensary POS software keep touch with our blog posts. Are you going to use POS software for your business? Book your software on + 65 6227 1797 / +65 6746 2613 or Email us on firstname.lastname@example.org Hurry Up!!