Author Archives: rit

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Annual Workshop at Aqua Pearl Lake Resort

Category : News

Annual training session of Retail IT was held on last 14th November at Aqua Pearl Lake Resort Moratuwa


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Why you should use thermal paper rolls

Why you should use thermal paper rolls?

Category : Blog

Have you ever wondered what’s it like to print or write something without the ink? Well, thermal paper gives you the opportunity to experience it. The costs of using inks for billing purposes, taking orders at restaurant or printing information can sky-rocket. But with thermal paper rolls, you don’t have to worry about that. The tweak of chemistry makes thermal paper a commercial magic! Simple transmission of heat allows printing on these paper rolls, enabling them to be used without ink.

Advantages of using thermal paper rolls

Fascinated by thermal paper rolls? Well, here are the reasons why you should be using them!

Prints done on thermal papers last longer than generic prints done by regular printer, given that the quality of printer and the paper is of high quality. Based on this factor, the prints can last from several years to a few decades. These papers are available with leading chemical suppliers in India at discounted rates.

Another advantage of using thermal papers is that they are easier to handle and load as compared to other types of paper.

Thermal printers are compact and lightweight; hence, they don’t require much space. Also, they can be easily carried around and transported from one place to the other with ease.

Because of its ease of usage and overall cost accrued, thermal papers are being widely used for printing receipts in various sectors such as retail stores, airports, travel agencies, hotels gas stations etc.

Thermal paper rolls are inexpensive and are easily available with thermal paper distributors globally.

Using thermal papers increases the cost effectiveness of an organization.

Another advantage of thermal paper is that more than one color can be printed on them using various temperature levels.

Unlike regular or commercial printers that are known for making quite some noise, thermal paper printers offer close to noiseless operations. In fact, some of its high-quality variants do not produce any noise at all.

Thermal papers are environment friendly, as they can be recycled and reused. This only saves the natural resources but also proves to be cost effective and economical to the company.

Thermal papers are more reliable, as they don’t cause any jamming of printers resulting in no waste of time.


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Monitor your Restaurant with advanced error free POS Software.

Monitor your Restaurant with advanced error free POS Software.

Category : Blog

“If you can’t measure it, you can’t manage it.” The axiom has become a staple catch-phrase for many businesses because, for the most part, it’s true. Without data, it’s difficult to understand what’s happening in your company. It becomes challenging to make effective decisions, and know if those choices made a difference. Enter your point of sale system. Your Restaurant POS Software should provide you with a range of reporting features that will help you make smarter, more informed business decisions.

Let’s take a look at some of the essential POS reports you’ll need to run a successful small business.

Sales Reports

A reliable restaurant POS system should give you the ability to track sales metrics to help you better understand how sales are stacking up across your business.

Product Mix Reports

These reports show you sales by item, category, or department. Know what dishes or drinks are your top-selling items and what ones aren’t cutting the mustard.

Inventory Reports

Without stock, you have nothing to sell to customers.It is a good strategy for long-term success. Inventory reports will allow you to track your use of ingredients to better plan for future sales.

Labor and Employee Reports

Labor reports can show you several insights into how employees are performing and how much it costs you to keep them on board. Employees are one of your biggest assets, and that’s why it’s so important to keep tabs on this area of your operation.

X Reports and Z Reports

X’s and Z’s are a part of your day-to-day procedures. At the end of each shift, the server, bartender, or cashier will print a shift report or X report of their daily sales. While X reports give you shift details or current, real-time register information, a Z report is the end-of-day report that you’ll use for bookkeeping purposes.

Accounting

Since your POS software is the backbone of your business, it’s critical that the software can generate accounting reports to pass on to your bookkeeper. When tax season comes around, having everything in one location will be a big time-saver.

Payment Reports and Gift Card Reporting

This report gives you insight into how much cash you should have on-hand and if anyone made a purchase with a gift card, so your liabilities reports are accurate. Also, the breakdown of credit card payments by card type will tell you how much money you can expect in your bank account from your merchant processor.

Final Touch

Of course, there are dozens of additional POS reports available that you could use to measure and manage your restaurant. However, it’s not the number of reports your point of sale system can produce, but rather the quality of those reports. Do they give you the information you need to run a successful business?


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Is your POS system ready for Christmas

Is your POS system ready for Christmas!

Category : Blog

It is October now, and it is already time for retailers to get ready for the holiday season.  The public mood seems positive, and this looks like it will be a good Christmas.

This is the fastest monthly rise in retail trade since February. Now you have to act as there is still have time to be in a position to generate additional revenue if you act. You need to start planning your stock ordering, which is something our point of sale software can help you do. What we recommend is shadow and focus analysis which our system can do. You also need to start looking at roistering again something our point of sale can help you with all this.

Firstly can you handle Christmas?

Is your POS system ready for Christmas

Start checking

If you are planning to bring in some of the old POS computers “out of the closet” to accommodate the rush period, tested it to make sure it works? If it has been in the closet for a year, who knows what state they are in now?

Check the following

Have you checked that you have all the cables to connect to this equipment?

Do you have a connection into your network where you need it?

Can this equipment be linked into your system, it been a year since it is been used?

Now try it now to see if it all works if you plug it in?

The closer it gets to Christmas, the harder it gets to repair in time.

What do you need?

What is going to happen if you have extra staff and the computer register does not work over Christmas? We have seen this happen all too often when an emergency engineer gets called out on Christmas Day.

We never say you to go for a new POS system or software, but why not you try?? 🙂 Just check whether these POS Systems can compete with the crowd.


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Portable POS Restaurant Revenue

How a Portable POS can assist on improving your Restaurant Revenue

Category : Blog

Did you know that plugging mobile POS into your day-to-day business will raise operational efficiencies, boost profit, and optimize the client involvement? Leveraging tablet POS technology offers several benefits to your staff, customers, and restaurant.

Here’s what a portable POS can do for your restaurant:

1. Obtain More Orders with Ultimate Mobility

Your servers can submit orders from anywhere on the premises when equipped with a tablet POS. When your staff is not restricted to a fixed workstation at the counter, they can get out on the floor and do some line busting during busy periods. You won’t lose sales from customers walking out because they don’t want to put up with long wait times to order. You can also expand your dining area to include patio service in the summers, allowing you to send orders directly from those tables to the kitchen.

2. Offer an Intuitive User Experience and Seamless Integration with Your POS System

Any tablet POS solution you choose should have an intuitive user interface (UI). If you have a fixed-based POS, it should be the same on the tablet. This feature will reduce staff training time and costs, which can be significant in an industry with high turnover.

It’s also crucial for your tablet POS to integrate seamlessly with your existing POS system; otherwise, you won’t benefit from being able to optimize restaurant operations.

The operating system of the tablet can have an impact on the user experience. Android devices are typically hardier than commercial-grade iOS devices. However, iOS devices contribute to an upscale aesthetic. If you’re still in the process of making a decision about hardware, it would be best to choose a tablet POS that is compatible with both operating systems.

3. Expedite Orders and Reduce Order Errors

Taking orders tableside or line busting increases your restaurant’s speed of service. Customers don’t have to wait for the server to write the order down and carry it to the POS system to be entered. Orders taken tableside or while customers are waiting in line are sent directly to the kitchen queue for preparation.

Not only does tablet POS enable orders to be fulfilled faster, it also ensures they are fulfilled correctly. The chance of order entry error is greatly reduced because the order is entered directly into the mobile device in real-time and in front of the customer. No more lost or smudged paper tickets, illegible handwriting, or special requests forgotten between the table and POS system. This efficiency also reduces food waste from orders that get sent back to the kitchen because the order was misheard or entered into the POS system inaccurately. Getting the orders prepared correctly the first time is essential for customer satisfaction and retention.

4. Keep Working Even When the Internet Is Not

Don’t be at the mercy of your internet to complete sales. Interruptions to your internet connection can result in costly downtime and hundreds of dollars in lost sales if you do not deploy a tablet POS solution with an offline mode. A hybrid cloud-based POS software that is not dependent on an internet connection will ensure that restaurant operations, both front of house and back of house, continue to run seamlessly.

Regardless of whether you are connected to the internet or not, you will continue to uphold the high quality of customer service that your diners expect.

5. Scale Up as Your Restaurant Grows

Incorporating tablet POS in your restaurant allows you to scale as business grows. Tablet POS solutions are also extremely cost effective and versatile, empowering your restaurant to serve more customers and make more sales. As your restaurant grows, or during particularly busy seasons and periods, you can easily accommodate the demand by installing flexible tablet POS solutions capable of use in the hands of a server.

In addition to scaling up for seasonal demands, a tablet POS solution should be able to seamlessly integrate with the fixed-based POS system to provide centralized and comprehensive data and visibility related to other integrated services such as online ordering and loyalty programs. This ensures that the most up-to-date data is accessible no matter if your servers are using the POS system or the tablet.

Don’t Miss Out on the Benefits Tablet POS Can Offer Your Restaurant

The most successful restaurant owners are the ones that constantly keep an eye on the market and look for ways to continually improve their operation. Tablet POS is one of the most popular tools restaurant owners are leveraging to stay ahead of the competition, and for good reason. The right tablet POS not only offers you more convenience and efficiency, but it also improves profit margin as it allows you to “trim the fat” from the bottom line by improving employee productivity and increasing operational efficiency. By doing so, your restaurant passes along benefits to your customers, as employees now have more time to enhance the customer experience, which ultimately increases customer retention and generates more revenue.


#Uniwell | #Sam4s | #Posiflex | #Picopos | #Mobile POS


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Installed POS Systems in U-Mart, Batticaloa

Category : Openings

U-Mart has been opened with the installation of Retail IT products


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Sumathi Chairman’s Trophy – 2019

Category : News

Sumathi Chairman’s Trophy for the year 2019 was held on last Saturday 06th July 2019 at Colombo Cricket Club Grounds (CCC), Colombo – 07…

All the subsidiary companies of Sumathi Holdings (Pvt) Ltd including Retail Information Technologies took part in the occasion and we became the 1st Runners up while Great Wall Restaurants won the championship.


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Differences between Point of Sale and Point of Purchase

Category : Blog

An increasing number of retail display options are now available for retailers, which may make it confusing for both the seller and the buyer. Though one might be tempted to think that there is not much to compare while talking about point of sale vs. point of purchase, there are a fair number of subtle differences, in fact.

Why it is important to know the differences?

We live in an era of multichannel retailing, in which promotional strategies include both POS and POP activities. Things are constantly evolving in this world, which also means that you need to look at virtual shopping carts, in case you haven’t already done so. It is vital for you to move ahead of a basic understanding of point of sale vs. point of purchase, for the sake of business growth. Do not think that simply by looking at POP displays the customer will automatically buy advertised products.

POS software solutions are present exactly where customers stand in queues to pay for their items. This is the last stage of purchase where individuals use debit cards, credit cards or vouchers to collect items present in their cart. A POS is also present in an e-commerce store in the form of a virtual shopping cart, and is not just seen in a conventional brick-and-mortar store. In short, POS systems are concerned with closure of sale.

In contrast to the above, Point of Purchase signifies the time when the customer meets a product for the first time. Though it might be referring to a place in terms of the literal word, POP is not actually a specific location within the brick-and-mortar store. The best Point of Purchase providers look to highlight certain products, which could either be a respectable brand or a new product. Customers here get to obtain more information about a product, and if it meets their needs, they buy the same.

A difference between POS and POP lies in terms of the context in which both terms are used. POS refers to description of a store from the customer’s perspective. This is the exact point where a sale is facilitated and the buyer’s payment is received. On the other hand, if one considers the retailer’s perspective, POP describes the area for product placement, or the design of the same. At the POP, you will be able to see other promotional activities as well, such as the irritating employees selling credit cards!

Benefits of Point of Sale

  • Controlling Inventory - An effective inventory management system will always ensure that you have the right stock at the right time. Intelligent ordering decisions can be made not just on the basis of consumer behavior but also historical data.
  • Lesser time spent on Administration - Restaurant POS software will be able to generate important reports for you to make profit-making decisions within quick time. It pays to have software that is easily installable and also easy to use.
  • Help in marketing efforts - POS solutions can help you come up with various marketing campaigns. In today’s time and age, when information captured is used to personalize the shopping experience, customers are invariably satisfied.

Benefits of Point of Purchase

  • The number of possibilities with respect to POP displays are endless
  • They generate tremendous aesthetic appeal
  • They help boost sales since you are displaying products where the customer is already ready to pay
  • POP is highly affordable - One can have custom printed vinyl displays at highly affordable costs.
  • They enhance brand awareness

Most consumers are getting promotional messages on their smart phones these days, while picking up their favorite products off the shop’s shelf. If brands are able to combine unique collateral such as banners with a video on usage, as an example, it would create a great impact on any customer’s mind.

 


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Find us on LinkedIn and stay updated

Find us on LinkedIn and stay updated

Category : Blog

LinkedIn is a professional social network for people to connect with colleagues and business associates. It also offers a job search, events information, special interest groups and messaging facilities.

LinkedIn is particularly useful when job searching, reconnecting with ex-colleagues and for showcasing experience. There are currently over 239 million members worldwide.

Retail IT LinkedIn group, that tend to focus on a particular industry or skill, and you can apply to join us and get involved with discussions and post information or job vacancies. LinkedIn group of Retail IT is open to everyone.

Unlike other social networks in which you might become "friends" with anyone and everyone, LinkedIn is about building strategic relationships. Therefore we decided to connect you through LinkedIn as well. You can start by creating a personal LinkedIn account and profile,  you can input your details such as education, background, skills, work experience and details. Further, your friends colleagues can endorse you for the skills. LinkedIn profile is a powerful marketing tool, which is equivalent to a resume or Business card for you. For that reason, consider writing a benefits-oriented profile, so potential partners like us can recognize the advantage of working with you. We are up to date with rich content regarding latest technologies under POS, ECR, Drones and other tech gadgets.

Follow us : https://www.linkedin.com/company/retail-information-technologies-pvt-ltd/


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How POS Can Become An Asset To Your Business

Category : Blog

Fast and secure transactions:

A POS system enables a faster checkout time which will appeal to customers. Transactions are transmitted by a secure system. Also, using a scanner will help ensure accurate transactions.

Better Inventory Control

By utilizing a POS system as goods are sold, the inventory is adjusting accordingly. Notifications can be set to let the business owner know when inventory for an item is getting low and needs to be re-ordered. The business owner can also be notified if inventory is not selling as anticipated which may result in markdowns.

A POS system can keep track of inventory even if a business has more than one location. It eliminates the need to physically be at a location to check inventory. It also helps to reduce the amount of loss due to employee theft. One of the biggest benefits of a point of sale system is that employees and management can focus more on the customer service aspect of the business and less on counting receipts and inventory.

Accurate Accounting

With accounting software, the POS system can accurately track transactions into the proper accounting categories as well as produce monthly or quarterly reports for tax purposes.

Financial reporting is essential to a business and can be used to create balance sheets, income statements, and cash flow statements. Coupled with sales data a business can adjust prices during a “slower” day of the week or schedule a recurring sale for the same period. The accounting data can then be analyzed to see how well the pricing strategy worked. Moreover, if a business already has accounting software, there is no need to purchase an add-on accounting module or to have to retrain employees on new, unfamiliar software.

Reporting and Analysis

A POS system has reporting features that allow a business to keep a close eye on sales, profits, and expenses like Cost of Goods Sold (COGS). Point of Sale system reports give the business data in real-time.

With cloud Point of Sale system reporting, owners can access reports even when they are at home or traveling. No matter where owners are, they’ll always have the information they need to make data-driven business decisions. Point of sale systems also enables management to gather customer purchase data to develop forecast models and create detailed reports.

Improved Employee Scheduling

Sales reports can show trends so that the business can more accurately schedule its employees so that productivity is kept high. POS systems enable the employees to check in or check out for their shifts, and so ensure accurate payroll data.

Detailed Receipts

A good Point of Sale system gives a customer much more with detailed receipts than just a slip of paper with the date and the amount of the sale. The system can use inventory data to provide information such as item description, price, and savings from a sale or coupon. With the right system, a business can add coupons directly on the receipt, highlight a loyalty rewards program, acknowledge the return policy, and print a link to a survey about the customer’s experience.

Customer Management

A POS system provides a unique way to promote continued interaction with customers. It can increase customer satisfaction by providing personalized service tailored to the customer. A POS system can provide sales history, and enable a business to set up preferred shopping lists, discounts, and customer rewards.

Conclusion

A Point of Sale system can benefit a business in many ways. It can improve sales, keep inventory at manageable levels, increase employee productivity, and increase customer satisfaction.


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