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Tuesday, February 5, 2013
POS Hotel Systems
Hotels have a lot to gain by adopting a POS system. The technology has evolved into web-based programs that can be accessed by anyone anywhere through a computer and an Internet connection, which is very useful for chain hotels. A POS hotel system has the ability to greatly improve the operations of hotels resulting to an increase bottom-line and the chance for expansion.
This is the reason why most hotels these days have made significant investments in this direction. The time, money, and effort spent on upgrading to a POS system has allowed them to reap benefits in a more significant and lasting manner. Hotels who have held on to their old ways have found themselves having to play catch up to their enlightened competitors.
A hotel POS system can unify all the aspects of running the business through a single interface. Anything from employees logging on for their shift, to processing transactions, tracking inventory, offering discounts to patrons, and more can be accomplished through the POS system. Companies have maximised the use of their POS and greatly improved their situations.
Adopting a POS system is also a very easy process. Training staff is a breeze as they only need to learn one interface instead of learning several. Upgrading is also a simple process as the systems today are all designed to be able to handle system upgrades. A streamlined interface provides business owners and their entire staff with a user friendly interface which can support all the hotel’s transactions. An efficient system enhances customer satisfaction and attracts new business. Long wait in lines to conclude transactions is now a thing of the past. Processing credit card transactions are quicker as the system does away with the 30-second wait for approvals from credit card companies.
POS systems have now evolved into programs that can interface with vertical applications and software programs. Hoteliers can now concentrate their training efforts on just one core application used by all of the departments. A POS system can also be designed to become a very effective sales and marketing tool as it can store more information about patrons. Hotels are better able to provide customer service, particularly to their regular clients. Promotional activities as well as discounts and loyalty programs can be designed and implemented in a more efficient manner and their success is quantifiable.
Increasing the Bottom-Line with a Hotel POS
Hotels have received quite a leg-up from point of sale systems. The name point of sale or POS is in reference to the place where a sale transaction takes place, like the counter or the checkout, but it really is much more than that. A hotel POS is a set of computer software and hardware that can manage not only sale transactions but every aspect of the operations. It has many advantages over the cash register due to its ability to store more information in a manner that can be customised to fit hotel operations.
A POS can save time as it increases efficiency, productivity and the accuracy of data. Some of the information it can store has to do with sales, inventory, procurement, human resource, and customer service. POS systems can be evaluated based on functionality, cost, speed, and ease of use. These qualities are what hotels will be looking for when the time comes to upgrade their system. Reliability is also a major quality that a good POS system should have as the entire operations of a hotel will rely heavily on it.
Through the years POS technology has gone through a number of improvements to benefit hotels by boosting their bottom-line. The POS system started with the traditional computer that has been loaded with POS software. It came with peripherals like receipt printers and bar code scanners. This computer can be linked up with other computers throughout the hotel and the information it carries can be synced with all the others in order to simplify the tracking of inventory and sales. This system makes use of many different software programs that need to be compatible with each other.
Perhaps the most significant development in POS technology is the emergence of Internet-based POS applications. This POS system can be via the Internet from any terminal or even hand-held device that has an Internet connection plus a web browser. This type of POS program need not be installed into the computer as they are hosted on servers that are secure and that are able to update and backup real time.
One great feature of web-based POS is that it is not reliant on any one operating system so your staff could be using different types of operating systems and still be able to update the POS. The ability to access the POS makes it possible for anyone to log on anytime and anywhere to generate reports or monitor operations. You as the owner can be on your holiday and still be up-to-date on what is happening in your hotel miles and miles away.
The Benefits of Hotel Point of Sale
The hotel industry has realised huge benefits from using point of sale or POS systems. Before hotel point of sale, companies used dedicated computer terminals consist of an LED display, a magnetic strip reader, and a modem. When running credit cards, these dedicated terminals transmit the number of the credit card as well as the purchase cost to a large clearinghouse, which will verify the availability of credit and return an approved or declined message back to the point of origin. The system worked efficiently but it is a stand-alone process that had little to do with the other operational aspects of a hotel.
POS systems have changed all that by providing a fully integrated system that processes payment transactions, stores the information for future use along with an array of data relating to other hotel operations such as inventory, logistics, customer service, and more. This integration of information across all departments enables hotels to operate more efficiently. They can generate specialised reports, impart deeper insight into suppliers and clientele, streamline inventory, and perform many more actions that has never been possible before.
Training staff on POS has also been so much easier as they will have to learn a single program and interface as opposed to learning different interfaces. Companies have a lot of room to provide better customer service. Wait time in payment lines are cut short and the cashier need not ring up a credit card for verification and wait for a minute or two. Hotels can also learn more about the habits and preferences of their valued patrons by keeping a record of their requests and orders during their stay. This information enables them to provide a more personalised service that clients will greatly appreciate. They can also use this information for coming up with promotions and loyalty programs to increase their customer base.
The POS can integrate the payment process with all the other applications used by the hotel. This allows the business owner to concentrate their training efforts on a core system for managing the entire operations. Payment becomes just another efficient part of the entire operations. This capability enables the owner to dedicate more time to improving other aspects of the business like marketing and customer service.