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INTRODUCTION – WHAT ARE TALECH POS SYSTEMS?

Talech Point of Sale Systems is the modern POS Systems for taking payments, with iPad systems as integrated hardware. It works with Apple iPad systems, and to take and accept card payments.

Talech Point of Sale Systems has many benefits associated with it, and they are all mature state options. It is all part and parcel of the modern payments systems that are secure and refined.

In the E-Commerce and retail environment there are huge benefits that it gives to businesses. Works in a unique way to acknowledge the future of the retail environment. 

SOME OF THE KEY BENEFITS OF POS SYSTEM ARE;

1. Fast Payments- The payments made in the Talech Point of Sale Systems are fast payments mode. The customer requirements are met by advanced and high tech systems. Therefore, in addition to this, the payments are made fast and more secure.
2. Secure Payments- A secure mode of payment, meaning the payments are highly secure, and there are no chances or very little chances of fraudulent activity.
3. Easy payment options- Payment options are easy and simple.
4. Robust Payments- Robust payments means that the payment options are more trustworthy and have high reliability. Hence, the robustness is guaranteed in the long run, thus making customer satisfaction a guarantee.
5. Customer Friendly and User-friendly- Payment options are customer-friendly and user-friendly, meaning the User interface involved in the Talech makes it the most user-friendly option. Easy to use for the end-user.

MORE FLEXIBLE BENEFITS OF TALECH POINT OF SALE SYSTEMS;

1. Flexible features for payment options – In terms of the flexibility features, the features are more in numbers than before, and have a highly flexible attitude. An example of payments is multiple payment options. This means that distributed payment options for a single payment.
2. Self-service Kiosks- With the self-service Kiosks, the payments are through self-service, meaning make payments yourself, after using the self-service checkouts.
3. Operations of retail made Fast, Secure and Minimum Risks – The Talech Point of Sale systems have changed the key operations in the retail environment. Now the operations involved are fast, secure, and risk-free. The nature of a retail environment is to focus on activity levels.  The retail environment also focuses on the operations involved in a much faster and concise way.
4. Tech POS- has most features than compared to other POS Systems. – In the Tech POS systems the features and highly active, and the characteristics are more defined as compared to other POS systems.

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The benefits associated with the Talech POS systems are ‘innumerable’ and makes it highly active in the Point of Sale systems with huge benefits associated with the environment.

SOFTWARE & SALIENT FEATURES

Software

Talech POS uses the best Software with interface usability options. Highly sensitive and user-friendly interface designed for the easy use of employees. Provided with manual information on how to operate the software professionally. Just computer literacy knowledge needed to operate the software, as anyone can operate with basic training.

Features

Full or high features available for Talech on expensive premiums. The POS systems such as NCR silver highlights are the most notable ones.

• For payments, the Talech Reg app allows to split or make partial payments. This is for more payments options than one. Hence, this means if someone wants to pay with cash, and the rest of the payments by card. The solution lies in the use of split payment methods. Two payments from two cards help in the customer’s handy approach for Talech POS and its operations?
• Ability to create percentage & dollar amount discounts, assigned mainly to Hot Keys. The purpose is for easy access to the system for applying the discounts. Also for running a promotion or with discounts for repeat customers, or regular customers.

CRM FEATURES & INVENTORY MANAGEMENT

• The easy CRM system for managing customers with ease. As well as establishing a relationship which is long-lasting with the customers. It also impacts the customer list if you are coming from a different POS system. You will have to contact the Firm for the importing of your list. Also used to view the ‘customer metrics’, an e.g. is No. of days since the last visit, or total and avg. spent. More stats that will help the retailers in accessing the environment. They are for the environment in which the customer is operating and the way transactions take place.
• The inventory management feature is one of the key features in the POS environment of Talech POS. In addition, also considered as the biggest strengths of Talech in most environments. It can generate Production Barcodes on PDF. The inventory log tracks production history and performance. It also generates purchase orders for the premium members and has auto-generated features, when the stock reaches a certain level.
• For restaurants Tables, ‘Position management’, i.e. seating and allocations, as well as positioning and location finding for seating preferences. A highly productive feature that is vital for the suitability options of the customers.

Read More: Dollarama Watching Prices

COMPATIBLE WITH HARDWARE

The iPad POS Hardware is the most compatible POS Systems hardware in terms of compatibility. Thus, the iPads are the devices that are most commonly used tablets for the POS systems. Also used as third-party POS hardware, use iPad and App as a mobile register. 

The orders are taken from the sales floor, or the payments table side. Therefore, also used in stationary checkout stations as well as mobile checkouts. In addition to this, ipads are used as self-service Kiosks. This is all part of the modern retail POS Environment.

Customers don’t have to rely on anyone as they have many devices. Used as self-service options, thus making payments fast, friendly and safe. They also can see a sales ticket or order as you create it.

ADDITIONAL FEATURES

The features also include custom messaging and promo information to the screen. The promo information is a feature that enables parallel marketing and improves the functionality of the POS system.

Yet another key feature of the hardware systems is the viewing of sales data and running the reports. Additionally, the accomplishment of other tasks from any time and place that you want. This also works with the third-party POS hardware. 

The hardware compatibility has taken the POS systems to new and considerable heights. They have a high degree of compatibility, and mainly the reason is IPAD Pos. 

The security level associated with Apple iPad is more, that’s why compatibility is high. Apple is a market leader in tablets in comparison with Samsung and Lenovo.

Its market leadership brings compatibility to a higher degree. The reason is that it is technically sound and robust in terms of features as compared to other tablets.

The hardware that is compatible with Talech is listed below;

1. iPad
2. Payment devises to accept card payments.
3. Poynt Smart Terminal
4. Miura M10
5. Ingenico IPP320
6. Ingenico ICMP
7. Magtek IDynamo & UDynamo
8. SumUP Air.

Other accessory hardware compatibility are;

1. iPad stands
2. Receipt Printers
3. Kitchen Printers
4. Additional hardware

PRICING

The pricing in the Talech differs as and according to the requirement of the business. If the business requires the starter plan and you will be introduced to the starter plan. Alternatively, if the business requires a standard plan with enhancements in features. Therefore, the client will be provided with the standard plan. 

The starter plan is the most basic Talech offers, and it is for both the restaurant and retail businesses. 

The requirements of this plan are as follows;

1. One external Bluetooth device, five employees and up to 100 products. 

The features also include;

1. Fixed and variable priced products
2. Products with variations
3. Inventory tracking
4. Multi-level user access
5. Basic order management
6. Basic discounts
7. Cash drawer management
8. Customer history tracking
9. Ability to add customers to orders
10. Basic reporting
11. 24/7 phone and email support

The retail starter plan has an additional feature i.e. “Add customers to orders”.

Another plan is an additional plan with some additional features and the pricing is higher than the starter plan. The standard plan holds more options for businesses. 

It allows the business to have unlimited employees, unlimited devices, and unlimited products. This is for both restaurants and retail.

The additional features are as follows;

• Bundles
• Sell Items by weight
• Supplier tracking
• Barcode label printing
• Clock in and Time-sheets
• Multiple roles per employee
• Labour cost reporting
• Automatic discounts
• Exchanges
• Store Credit
• House Accounts
• Exchanges
• Store Credit
• House Accounts
• Automated reports
• Reporting insights
• Reporting dashboard
• PMIX
• Time-sheet and labour cost
• Multi-store support
• Kiosk mode
• Customer-facing display
• External Integrations
• Menu upload assistance

The last and final in the Pricing plans is the premium plan.

PREMIUM PLAN

The last of the Talech plan for pricing is the Premium Plan, i.e. for both restaurants and retail. It has some extra premium features that are higher in pricing, plus the features for both starter and standard plan.

They are as follows;

• Inventory alerts
• Purchase orders
• Inventory log
• Stocktake
• BOGO discounts

For restaurants

• Table management
• Pay by position
• Split and merge orders
• Coursing
• Automatic gratuity

CUSTOMER SUPPORT

24/7 Customer Support is available in Talech Point of Sale system. A highly acknowledged CRM system, for your best response, feedback and your queries. The customer support given by the company is far and beyond. It is especially for businesses using the POS system for the first time. 

The customer support is mainly in terms of usability and payments not going through. Other reasons are card reader not working and issues that relate to help-desk or customer support.

FINAL VERDICT (CONCLUSION):

The Talech, a detailed POS system for the retail environment & restaurants. The addition of new features with time is also a possibility in real-time. Every now and then, the developments are consistent & backed up by trained professionals.

Used for the purpose of positioning the Talech systems are highly capable in cinemas. Therefore, giving a complete cinematic experience. In retail, the activity level is based on shopping. The reason is especially to know the knowledge of products, and its analysis with other products, e.g. Clothing industry.

The Talech POS has incredibly changed the retail environment, in terms of payment processing. Shopping in the retail industry is now fast, with secure and easy payment methods. Hence, the trusts level while using different modes of payments is higher than before. In Talech, and the POS Environment, more importance is given to customers than the retailers. Customer information is on display in front of the users.

The customers must be made aware of all variable options available, a good customer practice. As an example, in cinemas, the display will show a bird’s eye view of the availability of the seats. Therefore, it is up to the customers that they can have their seat as they want. In addition to this, who they prefer to sit with is up to them.

ADVANCED CUSTOMIZED OPTIONS:

Similarly, the table and position management in the bird’s eye view will help the customer. It is entirely for customer knowledge where they want to dine. Finally, how they should be seated in a restaurant. In the future, the Talech POS will be seen as the bright light of the POS systems, and there will be more advancements and enhancements in the retail environment. As we start understanding the retail environment we give due importance to the psychology of the customers. 

Regarding the self-service Kiosks, the research and developments have increased. The key reason behind this is the minimizations behind human interactions. This is primarily achieved via the revolutions in self-service kiosks.

The main aim behind the advancements in POS technology has been to minimize the level of risks. These are simply the risks associated with the use of incredible POS like Talech POS.

Technological Breakthrough 

The technological breakthrough has been successfully achieved. This is while considering the fraud activities that are minimized with time.

Talech POS has some drawbacks that should be highlighted for future. The main drawbacks are in terms of pricing, as pricing differs considerably, as the features change. 

The Talech Point of Sale Systems prices is relatively on the high end for many reasons. The fluctuations are evident when we make comparisons to the alternative POS systems present in the industry. Clover is a relatively cheaper POS software for approximately the same functionalities.

There are many identifications of drawbacks that make Talech POS an edge in the POS environment. However, one of them is the use of the iPad for taking payments. The utilization of the iPad is necessary as compatibility with other tablets is not there. 

Talech POS software is expensive and less affordable for most businesses. The additional costs are the reason why all the hardware should be preferably purchased separately.

They have restrictions on online orders, and the only online capability that they offer is online ordering for restaurants. Limiting the use can be a drawback in terms of online functionalities.

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AN ALTERNATIVE FOR THE TALECH Point of Sale Systems Terminals- “CLOVER”

Clover is the company responsible for Point of Sale Terminals.  It is also regarded as a key requirement for Small Scale businesses. The company was acquired in its initial phases by First Data. The vision is the phrase “focus on what matters most“, i.e. Processing and Solutions of Data for credit card payments and online payments processing. 

It has got the vital tech ingredients that are needed to take small businesses to the next level, i.e. fast and easy payments processing, & choosing the right hardware for your POS systems is the vital element for your business growth. 

Clover has many features that suit the client for mainly small scale businesses. Definitely, it is a worthwhile option for medium-sized businesses as well because of some distinct restaurant features. 

Read More: Smart POS Terminals Can Help Business Grow

Dollarama Inc. is closely monitoring prices in its stores as it looks to boost foot traffic. On top of this also generate growth in an increasingly competitive retail environment. Hence, Dollarama is also focusing its lower-priced items to generate that traffic. Hence, after putting too much emphasis on higher priced items up to $4. This was added by CEO Neil Rossy on a conference call on Thursday.

“I think you know quite honestly, that we did lose sight of it. While, on making sure we had all the traffic drivers needed to balance our higher price points.”

“When you take a business from a pure $1 store> Further, you evolve over the years to multi-price points. Hence, while being very successful in doing so, you’ll learn things,” he added.

The company Dollarama is also constantly assessing prices on merchandise. Hence, with item prices assessed at least every three weeks during restocking, said Rossy.

He said the re balance of price levels and items would help drive sales going forward.

“We have to refocus on foot traffic generating and unit sales. Primarily, because at the end of the day, in bricks and mortar, that’s the bread and butter.”

THE RETAIL SECTOR:

The attention on prices come as the retail sector is in a very competitive retail environment. Therefore, with rising operating costs, noted RBC Dominion Securities analyst Irene Nattel.

She said that Dollarama delivered “solid” results despite the challenges.

Canaccord Genuity analyst Derek Dley, however, downgraded his rating on the company from buy to hold and lowered his price target. This is after the company released lower than expected growth expectations for fiscal 2020.

The company said it expected same-store sales growth of 2.5% to 3.5%. This is for the year, which is below its historical average. Hence, same-stores sales growth target of 4% to 5%.

“In our view, the next few quarters are likely to represent a ‘show-me-story’ to many investors and as a result we are comfortable moving to the sidelines for the time being, as we await a more positive pricing environment and same-store sales acceleration.”

Sales for the fourth quarter totalled $1.06 billion, up from $938.1 million, while comparable store sales grew 2.6%.

Analysts on average had expected a profit of 55 cents per share and revenue of $1.07 billion, according to Thomson Reuters Eikon.

In its outlook for the coming year, Dollarama said it expected to add 60 to 70 new stores as part of its goal of having 1,700 stores by 2027.

The company also launched its online store in January, i.e. about a thousand items for sale in bulk only.

Rossy said it would take some time for the online sales to have an impact that would fill the customer needs.

“Small businesses will find it more interesting to buy their stationary there, or what have you, and people having parties or conferences or whatever it is, will use it because it’s a practical way to get the best price.”

Courtesy: The Financial Post

More than three years after launching its new global Circle K Fuel brand. alimentation Couche-Tard Inc. has brought the new banner to new heights. Taken around the world to 6,800 convenience stores internationally.

In North America alone, more than 4,900 locations now carry the new brand. In Europe, the number of newly rebranded sites top 1,900. As according to Couche-Tard President and CEO Brian Hannasch.

“In Ireland, our last remaining market in Europe. We rebranded nearly 300 locations and are progressing nicely. We are on the plan to have 360 completed by the end of this fiscal year,” Hannasch said. She said this during the company’s third-quarter fiscal year 2019 earnings call.

Turning to the United States with Circle K

In the Arizona Business Unit this fiscal year approx. 120 sites have been rebranded. The goal is to reach more than 200 by the end of the fiscal year. In the Rocky Mountain Business Unit. Couche-Tard has rebranded 240 locations with a target of finishing 300 sites by the end of the year.

“Texas is moving forward to meeting its goal of 400. Hence, we are making some great progress inside that CST network,” Hannasch noted.

The chief executive also reported that the trends in these newly rebranded stores are strong. Furthermore, lifting results across the company’s divisions.

“The key learning is: I should have done it a decade ago. There are just a lot of wins in this space,” Hannasch said. “I will start with the culture. That’s what I have always said was our secret sauce. Having one brand gives us a platform to communicate across 135,000 employees. Hence, what we stand for, what we want to become and the journey we are on.”

Looking specifically at the c-stores

The company acquired from CST Brands Inc. Couche-Tard “saw positive momentum in the regions where the former CST locations have been rebranded. This certainly shows the strength of the Circle K brand and the Couche-Tard programs and operations. As well as their ability to drive sales and traffic,” he explained.

In Europe this fiscal year, a newly designed Circle K layout to 50 new locations. This is the latest development by Couche-Tard. Its target is to have more than 90 open by the end of the year.

“These are newly remodeled stores and are a big step up in terms of the look. Also, the feel of the new offers. They feature wide aisles, inviting decor, attractive lighting and provide new customer experiences. The experiences to grow traffic and basket size,” Hannasch said.

“In many of these locations, we also have our food-to-go offer. Our prepared on-site sandwiches are particularly popular with the customers,” he added.

Circle K Fuel Rebranding 

As part of its global rebranding initiative. The retailer introduced Top Tier Circle K fuel in April 2018. Beginning in Florida, as Convenience Store News previously reported. The number of Circle K Fuel locations has grown. It started initially from the first 20 stores. Now nearly an additional 250 locations across North America as of the third quarter.

The expansion, According to Hannasch, is part of the company’s journey. He added “to provide an easier customer experience both at the fuel forecourt and inside our stores.”

In the third quarter there was a huge step the company took. It brought the Circle K Fuel brand. Further, to its Heartland Business Unit at more than 120 new sites in Missouri and Illinois. In Europe, the conversion is “basically completed” at Couch-Tad’s former Stat oil Fuel & Retail ASA sites, all the former Topaz locations in Ireland, as well its former Shell locations in Europe.

By the end of fiscal 2019

approximately 1,000 sites in the Midwest, Rocky Mountain, Southwest, Gulf Coast and Ontario Business Units will get the fuel brand, according to Hannasch, adding that the company is more than halfway toward that goal.

“Unifying the Circle K brand inside our stores and on our fuel islands is improving the customer experience and making our customers’ lives just a little bit easier every day,” the CEO remarked.

Alimentation Couche-Tard is based in Laval

As of Feb. 3, its network comprised 9,933 convenience stores throughout North America, including 8,662 stores with fuel. Its North American network consists of 19 business units, including 15 in the United States covering 48 states and four in Canada covering all 10 provinces. In addition, through Cross America Partners LP, Couche-Tard supplies road transportation fuel under various brands to approximately 1,300 locations in the United States.

In Europe, Couche-Tard operates a broad retail network across Scandinavia, Ireland, Poland, the Baltics and Russia through 10 business units. The majority offered fuel and convenience products. This is as of Feb 3 when its European network comprised 2,709 stores. However, the others are just unmanned automated fuel stations offering road transport fuel.

In 14 other countries, there are more than 2100 stores under the Circle K banner. These are all under licensing agreements.

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Retailers experimenting with self-checkout should be implementing strategies to minimize stock loss. Hence, so that they can better achieve operational benefits and improve the customer journey, according to a report.

The ECR Community Shrinkage and On-shelf Availability Group (OSA) and NCR have published a comprehensive report. Its a report that assesses the potential impact of self-checkout (SCO) technologies on retail loss. In addition to this, provides best practices and guidance on how to address and balance risks.

“Retailing is becoming ever more dependent upon a host of technologies. Hence, many of which are increasingly focused upon improving the customer journey,” said John Fonteijn. John is the honorary chair of the ECR Community Shrinkage and On-shelf Availability Group. “This report will help retail organisations to continue to reap the benefits. The key benefits that self-scan technologies can bring while doing so within a sustainable business model.”

The payments revolution Retailers count their stock loss typically. This is as a percentage of their sales. Hence, which according to a prior ECR report, is about 0.67% of grocery retail sales. The new report from ECR and NCR, Self-Checkout in Retail suggests a typical retailer can
experience an increase in stock loss of one basis point for every 1% of sales that go through fixed SCO machines. For instance, a typical store with 25% of its sales value going through fixed SCO could see additional stock losses of 0.25% of sales value.

STORES WITH SCAN AND GO:

Stores using scan-and-go technologies could see an increase of between 0.7 and 10.4 basis points of additional loss for every 1% of sales processed. In the study, the average utilization rate for scan-and-go was 2.8% of sales value, suggesting additional stock loss of between 0.01% and 0.29% of sales value.

The report goes on to consider ways in which SCO technologies can be controlled, including a range of emerging technologies. The report also underlines the importance of monitoring data on the risk of loss relating to SCO as well as adopting a more joined-up approach to SCO management and control.

Read the related blog: DOLLARAMA WATCHING PRICES AS IT LOOKS TO GROW FOOT TRAFFIC