Many companies have recently made the transition from a traditional point of sale system as their cash register to a mobile solution such as Square Register. There are many significant advantages to using a mobile cash register system compared to one that is stationary at your checkout counter, but the most obvious advantage is the lower cost to process credit card transactions. Unless you’re a very large business that has a lot of sales volume, you can probably save a lot of money by only paying when you actually swipe a credit card rather than signing a lengthy contract and paying the high monthly fees associated with a regular merchant account.
However, there are also a few things that make square Register less than ideal for some businesses, but the most common problem is its lack of inventory management capabilities. If you have a lot of different inventory items or other special needs, the standard inventory system that is included with Square Register is likely not going to be sufficient. Fortunately, there are third-party software providers which extend the functionality of Square Register to make handling your inventory a much easier process. They also allow you to see your sales data in many more ways, and there is an endless amount of reporting options. Here is an overview of some of the features that third party providers have to offer users of Square Register.
One of the most obvious benefits of using Otterology to handle your sales data and inventory tracking is that it is completely mobile platform that entirely cloud-based fro security and ease-of-use. This means that no matter where you are in the world, you can access complete sales and inventory data from any internet-capable device such as your smartphone, tablet, or laptop computer.
Track Multiple Locations
One of the biggest limitations of the standard inventory and sales tracking systems that are included with Square Register is that you can only efficiently manage on location at a time. Though you can use more than one cash register with a single account, it is nearly impossible to determine where each sale was conducted and what inventory was sold at which store location. With Otterology, you can keep track of the inventory and sales data for every store you operate and efficiently manage inventory transfers or even setup a centralized warehouse location.
Otterology gives you all the tools that the big name stores enjoy in the palm of your hand. With the in-depth reporting functions, you’ll be able to see what you’re running out of before your shelves are empty and see what is gathering dust as other products move. So, if you’re a fireworks retailer and you’re running low on wedding sparklers, you can get an alert to restock before you need to turn away customers. You can also setup automatic alerts to let you or your managers know that a product is running low so you can essentially automate the reordering process.
Otterology allows you to look at your inventory and sales data in real-time so you can know where your merchandise is at all times. If one store is out of a certain item but another store shows it in stock, you can rest assured that data is accurate up to the second so you can have full control over every aspect of your business.