We are now living in what is known as the era of technology. Technology has proliferated into our day to day lives and enables us to swiftly execute our work. The higher the complexity of a task, the more the chances that technology is being leveraged to accomplish it. Thus, it is hardly surprising that many service-oriented businesses, especially the ones operating in beauty and wellness industry are running their show with the help of technology and swear by using a salon POS software. If you are one of those salons i.e., is still contemplating joining the tech bandwagon, then allow us to walk you through the process of understanding how you can manage your salon easily with a POS software.
Appointments & Smart Scheduling
People are busier than ever, and as a result they are hard pressed for time. Whatever time that is available, they do not want to spend it either standing in the queues or getting onto long calls to get an appointment. With a POS software you can cut your client’s wait time to less than a minute. No longer will the client have to wait to book and appointment. What is even better that your business will be accessible to the client at their beck and call. As the system is designed to be responsive at all times, clients can make booking beyond the standard business hours, and in just about a few clicks. Furthermore, the auto scheduler allots the customer with their preferred timing and sends reminders for the upcoming appointments.
Neither the client nor the staff misses an appointment. A big advantage of a salon management system is that it reduces no-show bookings to a negligible number. With its automated reminder system, for each and every upcoming booking the technology sends the reminder to all the stake holders of the process. As a result, the number of no-show bookings are negligible.
A salon management system empowers you to have a transparent employee management system. Reporting details, work schedules, availability, login times, tips and commissions, and performance rating, the software allows you to keep a track of every task. It enables employees to have real time information about their performance KPIs, income from tips and commissions. The POS software shows the business the revenue that an employee has generated through service and the through upselling. Given that the entire data is digitally captured, businesses get empowered to run error free payrolls.
How many hours have you spent in keeping a track of your inventory? How much of your stock has been slow moving goods? A salon management software can not only track your inventory but also take the guess work from the equation. By keeping a complete track of inventory, and automatically adjusting the stock levels after every sale and consumption transaction, the software keeps you informed about your inventory at all times. By analyzing the lead times and the sales data, it prompts you when it is time to replenish stocks. As a result, you’re never blocking excess capital in the inventory and can run a lean set up.
Invoicing, Payments & Accounting
Ease your transaction handling, and record each and every financial transaction. The software allows you to generate professional invoices complete with all the details such as date, time, product details, price, taxes, and discounts if any. With the right combination of hardware, the system can accept payments through charge cards, credit cards or bank transfers. The invoice captures the payment details and makes the reconciliation easy. A good billing POS software is the one that completes the process one step ahead and automatically prepares the relevant accounting entries for each invoice generated and reduce the work of the accountant.
Perhaps one of the best features about the salon management software is that it prevents you from running blind marketing campaigns. By relying on data analytics, to analyze customer profiles and past sales records the software assists you in improving your marketing strategy. It suggests you create target driven marketing offers to bring back old clients and also enroll new clients.
Access your business reports, anytime and anywhere. A salon management software can create reports in the way you desire and highlight the weak and the strong points of your business. From daily sales report to cash flow statements, each and every report can be generated in just a few clicks. Since the POS software stores all the data in cloud-based system, the owner or the manager can access the data anytime anywhere.
Beside the above, a salon management software can do much more for your business. It is a true friend of the management team to help it keep abreast with the performance of the business and shows the real state of affairs. The salon management software market is mature and has many competitors. Some of the best salon POS software in the industry are Zenoti, Vagaro, Schedul, Phorest, Salonist etc.