How to Prevent Theft with your Point of Sale System
Theft can represent a major breach of trust, and also cost businesses a lot of money. The good news is that there are ways of preventing theft from your point of sale (POS) system, and in this post, we take a look at some of them.
Theft can represent a major breach of trust, and also cost businesses a lot of money. The good news is that there are ways of preventing theft from your point of sale (POS) system, and in this post, we take a look at some of them.
Cash tracking implementation
Cash is a vulnerable asset which must be tracked effectively in order to prevent theft. You should set up your point of sale system to require a numerical amount or another action to be entered each time the cash till is opened. This can help you track exactly why it was opened, and the transaction which took place each time. Actions can include ‘void’ or ‘cash paid out’ – the important thing is that you are documenting each time the POS system is being used.
Clearance and checks
A tightly run retail team does not typically let everyone have access to the POS system for certain actions. This would allow the opportunity for sales to be voided out or products to be deleted. Giving too many people access can lead to problems down the road and increase the risk of theft. By only giving trusted managers access to your POS system for these kinds of actions, you are able to keep tighter controls over your cash.
Security set up
Your POS system can include a range of security levels which are applied to various personnel, depending on their seniority and the access which you wish to provide them with. Different floor managers, store managers, or waiters and waitresses can have their own individual settings, ensuring that you know exactly who can do what in the context of your POS system.
Employee pins
Pins or cards can be used by your employees as a way of signing into your POS system, and give you the opportunity to exert the security and clearance controls mentioned above. Not only will this keep unauthorised individuals out of your POS system, but it will also help you track all actions and transactions from specific employees, allowing you to look into any inconsistencies at any time. The aim of your employee pin system should be to ensure that everyone is accountable.
The advantages of MPOS
Today’s advanced mobile point of sale systems can help you close gaps at the transfer of responsibility. MPOS can make life harder for thieves thanks to the latest technology while making it easier for customers to pay. Take the ECR Go2 from ECR, for instance. It accepts all types of mobile wallet and card payment and is augmented by unrivalled performance and lightweight design.
The best of both worlds
By ensuring you have the best possible mobile POS systems, as well as implementing security best practices, you can reduce the risk of theft from your retail business, meaning you won’t be losing time or money due to your assets being compromised.