Fordham -How effective decision-making is within the IT department - Analysis...
Benefits of Using ICT Systems in Business Management.
1. Benefits of ICT Systems
For Business Management
Ease of Doing Business
David Tuikong
Director , POSmart Systems Ltd
2. A Retail Point of Sale System is a computer based
system that automated sales and inventory process.
Typically includes a cash register (which in recent
times comprises a computer, monitor, cash drawer,
receipt printer, customer display and a barcode
scanner) and the majority of retail POS systems also
include a debit/credit card reader.
May Also be Mobile Based
6. Many point of sale system are available in the
market, choose very carefully best suitable for your
business. Point of sale system are needed to be
faster, easier and cheaper to
install.
Point of sale system eliminates human errors and
save money in the long term.
Point of sale system peripherals bar code scanner
facility makes transactions execution quick and save
customers precious time.
7. Point of sale system help you to track and manage
your inventory in real time. You can see numbers
of items remain in stock easily and can order
quickly how many items are needed and alert you
when stock is running low.
Point of sale system reduced paper work by
automatically generating accurate reports.
Instantaneous updates in sales and purchase
records hourly, weekly and monthly gives you a
better idea of how your business is doing.
8. Point of sale system keeps accurate record of daily
transactions and report about the volume of the
stock. Can be used to access financing
Point of sale system simplifies the accounting
processes
Customers can receive more detailed
itemized receipt of the items they have
purchased just because of the point of sale
system.
Reduces Theft and Pilferage
9. Point of sale system cut down the chances of
user errors because the software has built in
checks to ensure that the information
entered is accurate and correct.
Point of sale system helps companies to
identify the gap so you can manage or plan
new strategies to achieve your set goals.
Helps in Tax Compliance Which is important
for any Business
10. 1. It is costly and I cannot Afford: False. can be
accessed even on phone
2. It Adds more work in my business. False. Not True. It
makes you Work more efficiently, accurately.
3. Its too complex: Neither I or my staff can
understand. False. Its quite easy if u can use a
WhatsApp, Facebook then u can use POS.
4. We have Problem of Electricity: False. U can use
Phone Based POS.
5. Am too Small to use Technology. False. Every Large
Company is Driven by technology. Every Visionary
Company should adopt Tech. It could be your
current limitation to growth.
12. Shoe Wholesalers in Kamukunji. She uses RetailStar POS to manage her
business. She is one of our most enthusiastic clients.
13. Point of Sales Module
Use any Standard Barcode Scanner / thermal Printer.
Accept Multiple Payments: Cash, Card, Mobile(M-
Pesa) or Cheque and Record Payment Details
Easily Adjust Quantities, Discount and Price on the
Go.
Generate Customer Invoice complete with company
Logo
Hold and Resume Sale
14. Inventory Management
Track Inventory Items
Define Item Units
Get Inventory Value at Any Given time
Monitor stock Level Per item
Reorder Level alert
Generate Delivery Note for Each sale
15. Supplier / Order Management
Keep a record of all your suppliers and their
contacts
Manage supplier Categories
Generate Purchase Orders
Record Purchase Order Received items
Track supplier payments.
Receive Stock directly to inventory
16. Invoice /Payments Module
Monitor Each invoice per staff/ customer
Track invoice payments / balances
Get payments report ( Cash/ MPESA)
17. Keep a record of all customers
Manage customer credit and payments per invoice
Print Customer statement
Set credit Limit per customer
Credit control
18. Customer Module
Keep a record of all customers
Manage customer credit and payments per invoice
Print Customer statement
Set credit Limit per customer
Credit control
19. Expense Management
Keep a track of all your Expenses
Categorize Expense: Wages , transport etc
Track your daily monthly or annual Expenses
20. Manage staff credentials
Manage Staff permissions
Edit and change Passwords
All transactions recorded per staff
21. Profit & Loss statement
Profit / Loss Per Product.
Best Sellers
Dead Stock / Slow Movers
Inventory In/ Out Reports
Inventory Value
Customer statements
Daily Sales Report: Per staff/ Per invoice
Expenses Report
Get payments report ( Cash/ MPESA)
22. POSmart Systems is a Kenyan Registered business that
is focused on providing Cutting Edge Point of Service
Solutions to Businesses of All Sizes. Our team
comprises of qualified and vastly experienced
professionals in Retail and Hospitality Industries.
Ease of Doing
Business
Point of Service is our Passion,
Giving you a working solution is our Pride.
23. RetailStar is a Point of Sale Software that
understands the unique needs of small and
medium enterprises in Kenya and other
Developing countries.
It is easy to use and efficient POS systems that can
be deployed locally or on the cloud. Accept Cash,
Mobile Payments(Lipa Na MPESA). Access your
data and reports easily.
Whether you are mobile phones shop, A
pharmacy or a small supermarket, Retailstar is the
choice for you
24. Sellio is a Mobile Based(Android) sales & Inventory Management app
purposed for businesses that need the flexibility and benefits of
mobile. The app empowers you to make sales, manage your product
catalog /Inventory and track your business performance. Runs on
Android.
Features
Inventory Management
Sales Management
Product Management
Product Images
Sell Onsite or on the go
Works Online or Offline
Sales & Profit Report
25. POSmart Systems Ltd
Summit House, 4th Floor Rm 402
Tel: (+254) 0720152151 / 771 211 102.
Email: info@posmart.co.ke
Ease of Doing Business
www.posmart.co.ke
Point of Service is our Passion,
Giving you a working solution is our Pride.