How to choose a POS system? the ultimate question pondered by small dispensaries and large cannabis conglomerates alike. The cannabusiness industry faces a set of unique opportunities and challenges, so having tailor made systems, such as dispensary POS software, allows you to grow and thrive. The cannabis landscape has changed much in the last few years, as more and more small-time operations are seeking to evolve into legitimate, large-scale business operations.
One of the most important aspects to consider as you scale upwards, is the level of adaptability and support your point-of-sale software provides. From tracking sales to compiling insightful consumer data, a strong POS system is critical to the continued growth of your operation. But, how do you choose the right one? First, let’s take a look at what a POS system does.
What is a POS system?
The success of every cannabis dispensary depends on having a well developed point-of-sale (POS) system. Weak, incomplete, or superficial cannabis POS software leads to lost money, sales, and even legal troubles.
At the most basic level, point of sale systems allow a business to accept payment and track sales. When thoughtfully crafted to meet the needs of the industry and market, a POS system can provide much more. For example, well built cannabis POS software provides the following:
1. Amazing Customer Experiences
Providing staff with a user-friendly dispensary POS software creates a professional retail experience for the customer and gives staff time to do what they do best- care for the customer.
2. Minimize Errors
Using dispensary POS software will optimize your processes and minimize the amount of interaction needed with your system to reduce the risk of potential data entry errors.
3. Track Your Inventory In Real Time
Cannabis POS software, when functioning as part of overarching dispensary management system software, links your entire operation, allowing your stores to have an accurate count of what is in stock at all times, and to effectively manage your supply chain.
4. Data Driven Decisions
Well built software also provides built in reporting and analysis tools to gain insight into your business data.
5. Integrate With An MRP
Effective and worthwhile dispensary POS software will work as part of a system, and integrate with processing software and material requirements planning (MRP) to help with effectively tracking costs and maximizing resources.
How to Choose a POS System
In addition to the qualities mentioned above, below are some key factors to consider when it comes to how to choose a POS system.
Easy To Manage And Keep Organized
Thorough, highly effective dispensary POS software should be easy to use too. Some people think complicated steps mean quality, though having a product which is easy for staff to use, saves time and increases productivity on a daily basis.
Customer experience should always be top of mind, so choosing a system which provides an easy, uncomplicated, and professional retail experience is critical.
Multiple Ways To Learn
Seeking providers who offer multiple ways to train and learn the system is important. Look for the ability to attend in person training, access documents, or work with a consultant.
Easy To Update
Take the time to ask how easy the system is to update. Complicated update procedures cause delays and lost revenue for your business.
Connect The Whole Enterprise
Choosing a provider who provides software to support the entirety of your enterprise, in addition to POS software, opens up a whole new world of possibilities.
Look for information gathering necessary for compliance to be built into the cannabis POS software and tailored to meet specific state, province, or international requirements.
Reports You Can Actually Use
Look at how data and reports are presented. Having a visual representation of information, interactive reports, and a way to share information across your organization are essential.
Our goal is to provide a comprehensive software solution designed specifically for cannabis cultivators, producers, distributors and dispensaries that allows users to maximize efficiency, promote growth, and ensure compliance. Learn more about us, and please contact us today with any questions you may have.