Point of Sale (POS) Integration with Your Website
Once significant,
integrating your website with your point of sale (POS) system is now becoming
more and more crucial. Both eCommerce and consumer expectations are expanding
quickly. An essential part of any retail system, the eCommerce website has
quickly evolved from an optional add-on. It no longer makes sense to maintain
your physical store's current point-of-sale system and eCommerce website
distinct in this new setting. A disjointed payments infrastructure complicates
data collecting and results in a fragmented and uneven client experience.
We'll examine how to
integrate a point-of-sale system with your website in this post. However, let's
first examine what POS integration is and why it's important.
What is a POS system?
The in-store
technology used to register purchases, collect customer data, process payments,
and issue invoices and/or receipts is known as a point of service (POS) system.
It is also occasionally referred to as a point of service or a point of
purchase system.
A retail company's
standard point-of-sale system includes:
· A barcode scanner
· A card processor
· A receipt printing machine
· Software for recording purchases
· A screen
The functionality of
POS systems varies. For instance, many are also capable of:
· Make stock orders automatically
· Sign up for loyalty points and a
discount.
· Gift cards are issued and used.
· Handle refunds and returns.
· Control employee hours, etc.
The digital
counterpart of a conventional point-of-sale system is an e-commerce POS system.
Typically cloud-based, these systems manage eCommerce sales by utilising an
online "shopping cart" and payment form to finalise the transaction.
It typically offers analytics and is connected with the eCommerce platform.
eCommerce POS integration: what is it?
With an eCommerce
POS connection, a different platform or plug-in synchronizes the point of sale
systems of your online and physical establishments.
When it functions
properly, it allows retailers to easily coordinate their offline and online
operations. It makes it possible for third-party programs to integrate unified
data from all platforms and communicate in real-time.
Prices, inventory,
promotions, shipping capabilities, and more may all be updated and optimized as
a result.
Different levels of
integration exist. It's not always enough to only be able to transmit sales
data between components. Additionally, you may wish to keep track of losses,
credit card processing information, export sales dates, inventory, and other
data.
Why not use a single point-of-sale
provider?
On the surface, you
may streamline your workflow by using a single point-of-sale supplier for both
sales channels.
Nevertheless, it
frequently results in companies being compelled to stop using specific apps
that are incompatible with their new standalone point-of-sale system.
The complicated
payment requirements of any particular B2B organisation cannot be met by a
single point-of-sale system.
Integration is the
way to go if you want to keep utilising and testing best-of-breed apps to
improve your payments strategy (for example, for a specific accounting
program).
Why are physical stores and internet sales
frequently kept apart?
In the past, a lot of retail companies
started off as physical stores. Many have been inspired to add websites and
eCommerce solutions later, almost as an afterthought, by the rise in online
shopping in recent years.
Naturally, the opposite might also
occur: an online sales-focused eCommerce platform chooses to launch a
conventional retail company—think Amazon!
Some people think it makes sense to start a store and then launch a different
eCommerce company with its own eCommerce point of sale system. They can
concentrate on their physical store and supplement it with online sales.
Some even employ distinct teams to oversee both channels: one for in-store
operations and another for specialised eCommerce sites.
The drawbacks of seeing in-store and
online shopping as distinct
At size, it becomes challenging to
manage multiple teams and sales channels at once. Our buying habits have been
altered by the internet, and the interaction between these many channels has
rapidly changed as well.
After all, the same inventory is used by these several business divisions.
Retail management operations may encounter issues when information about sales,
stockists, customers, and promotions is communicated across the two channels.
This may lead to annoyance for clients
and even among coworkers:
· It can result in erroneous inventory
tracking, which would irritate customers over cancelled items.
· Workers from several teams can require
different products at different times, which could cause conflicts.
Advantages of Integrating eCommerce POS
Thus, it is evident that launching an
eCommerce website has immediate financial benefits. Let's now examine some of
the less evident advantages that POS eCommerce integration offers your company.
1.Eliminates
manual data entry :
It is necessary to synchronise several
sales channels and point-of-sale systems, frequently through manual data entry,
when separating your physical store from your current website. This is
time-consuming, labour-intensive, and prone to human error.
Learning to use various POS systems
necessitates a longer staff onboarding procedure.
Potential human error in data entry
might irritate your clients by resulting in inaccurate invoicing, problems with
inventory, and conflict during the onboarding and reconciliation procedures.
Your online and offline sales channels will immediately synchronise with the
correct integrated point-of-sale system. Data reporting between your eCommerce
platforms and physical store will no longer need to be reconciled.
Additionally, you can onboard your staff more quickly.
2.Better client
information :
You will need to manually reconcile
the data records and analysis you do have if your POS and eCommerce site aren't
integrated. This can take a lot of time and raise the possibility of mistakes
happening throughout the replication process.
Successful eCommerce POS integration automates this process and allows for a
comprehensive view of the data. With improved analytics capabilities, you can
thus obtain a more thorough and perceptive understanding of the behaviour of
both offline and online clients as well as the points at which they overlap.
Integrating your point-of-sale (POS) systems also helps avoid fraud, which can
occur when unscrupulous actors take advantage of a misunderstanding between
in-store and online shop systems.
3.Provide
discounts and promotions across channels:
Nowadays, buyers like to look at and
buy things both online and offline and demand the same seamless experience,
independent of channel.
Maintaining consistency with discounts and promotions is made easier by
managing your sales across both platforms.
It enhances your ability to inform clients about exceptional deals (like flash
sales) and the ways in which they can participate in your loyalty programs.
Analytics can also help you understand how well the promotion worked.
What is the best point-of-sale system to
use?
Your choice of point-of-sale system is
influenced by numerous factors. Maybe you wish to work with an eCommerce
program and point-of-sale system that you already have. Or perhaps you are
beginning from the beginning.
In any case, you should think about your options first. You can start by
reading reviews in trade journals and on websites such as Trustpilot, but don't
undervalue the importance of talking to other entrepreneurs.
There are several reputable POS system suppliers to look at, such as:
· Square
· Vend
· Bingo POS
· Intuit QuickBooks
· Shopify POS
Your choice may also be influenced by
your industry. For instance, food vendors frequently select specialised
platforms such as Local Line.
3 things to think about when selecting a
point-of-sale system
Let's examine three important
considerations for your POS eCommerce integration, aside from industry
expertise and recommendations.
1.Compatibility:
The location of your online store and
the compatibilities it offers should be taken into account.
There are several options for POS and eCommerce platforms, and POS connectors
have developed in tandem with digital commerce. Before making a commitment, you
should confirm that the providers you have selected are compatible with other
software that is essential to your business.
Of course, as a starting point, you can always think about moving providers or
combining features from other software, depending on your existing POS and
eCommerce site.
2.Cost:
The hardware and software options that
each POS system offers can affect its price.
Cash drawers, barcode scanners, card
readers, receipt printers, touchscreens, and other parts make up point-of-sale
hardware.
All of these components taken together
can cost anywhere from $400 to $7,000 up front, however ordering for several
sites will certainly increase this amount.
Additionally, POS software can be rented or purchased altogether. This can be
totally free or cost up to $1,100 to purchase outright, or $35 to $40 a month
to rent. Suppliers frequently provide a variety of customised bundle offers.
Fees for processing payments must also
be taken into account. Rates vary throughout suppliers. Before you sign up for
a service, thoroughly consider the conditions of the contract to make sure they
align with your long-term goals.
3.Aesthetics:
The appearance and feel of a
point-of-sale system will undoubtedly affect the reputation of physical stores.
Similarly, the way the eCommerce shopping cart and online order payment
terminal work and look will affect how customers interact with the site.
Reduced revenue or even customers switching to a competitor could result from a
bad customer experience.
You should look at how customisable the technology offered by various providers
is for both your eCommerce website and the in-store point-of-sale system.Does
it give your clients the kind of experience you desire?
How a website and POS can be integrated
Which vendor you select will largely
determine the mechanics of integrating point-of-sale software with your
website.
The assistance of a development team is frequently required for larger
integrations. Various suppliers provide varying degrees of assistance
throughout this shift.
In this approach, the bulk of the work is done at the start. It will take far
more effort to choose and then implement your preferred integration than it
will to run it on a daily basis.
When the process is finished, your company will benefit from all of the
advantages that come with integration.
Let's examine some key aspects about the first and most crucial choice before
taking a closer look at the integration procedure.
6 steps for integrating POS with your
website
If you wish to successfully integrate
your POS system with your website, keep in mind the following crucial criteria.
1.Product
description and web photos :
You might need to re-catalogue your
current inventory, depending on the system you are using.
Make sure you keep an eye on and update your product listings within the
parameters that your eCommerce system recommends.
Consistent product naming and tagging techniques, as well as specified image
(file size, type, and dimensions) and word count standards, must be followed.
2.Reports on sales
:
A POS report covering both retail and
eCommerce stores will be generated by your recently integrated POS system.
Make a note to learn how this operates and how it varies from your existing
point-of-sale system.Regularly reviewing this data will help you better
understand how your cash flow is managed and align your business strategy. It
also gives you insights into client behaviour.
It goes without saying that onboarding employees early in the process is
essential within your company. You will be better equipped to utilise the
integration's full potential the more training they receive.
3.Data
transfer :
Transferring data from your current
retail point of sale system and/or online business will be a sensible first
step if you are changing providers instead of upgrading an existing one.
Verify that you have set up all required notifications and allowed the
appropriate parties access to your new system.
This could also be a chance to make sure that your retail business and
eCommerce platform are utilising the same SKU codes and that the reporting in
your accounting software is in sync.
Data from your customers and your unified shop can then be transferred between
platforms.
Businesses can anticipate that an integration will take anything from one hour
to many months, depending on the size of the solution being installed.
4.Webpage speed:
A sluggish eCommerce store is the
biggest turnoff for customers. You risk losing a substantial portion of your
company if the Largest Contentful Paint (LCP) of your product pages is less
than 2.5 seconds.
File types and image sizes can also have a significant impact on this. Or there
may be a more serious problem with the code of your webpage or the server
hosting company.
To ensure that all people can access your pages fast and easily, collaborate
with a web developer.
5.Plan routine
inspections of your online store:
After your eCommerce POS integration
is finished, you should periodically consider it from the perspective of your
clients.
This is done not only to keep an eye out for possible mistakes but also to see
if there is anything that can be done to improve the user experience in
general.In fact, according to a recent research of business-to-business buyers,
74% of them would buy from a competitor if their vendor's online store was
unable to meet their expectations.
Your in-store staff should be able to provide you with accurate and timely
feedback on how the retail point-of-sale side is operating.
6.Email marketing
integration:
It's possible that your POS system and
your existing email marketing system can be integrated. Email marketing is now
integrated into a lot of retail point-of-sale systems.
As was already said, this feature also makes it consistent with your capacity
to deliver and monitor discounts and promotions to your clients.
Your email marketing skills will
undoubtedly increase as a result of the new cross-channel analytics you
acquire.
Conclusion
Nowadays, companies
must consider both their online and physical stores as components of the same
retail system. One of the most important steps in doing this is integrating
your POS system with your website.Integration will improve eCommerce operations
and your store in a number of ways. In the end, buyer journeys and clear,
consistent touchpoints will be provided via in-store and eCommerce POS
connectivity, which will enhance the consumer experience.Additionally, it will
allow you to greatly enhance your marketing and inventory control skills.You
risk losing eCommerce revenue if customers are unable to make straight, easy
purchases from your online store. It's similar to denying customers access to
your physical stores. Short-term effort will be needed for POS integration.
It's not always easy to find the ideal integrated solution for your company.
However, by lowering administrative work, it will ultimately save you time.Your
eCommerce division will be operating at full capacity alongside the rest of your
company once you have addressed the points mentioned in the aforementioned
article. Then, you may spend more time using the data to spur innovation and
boost sales rather than spending as much time reconciling it.