POS Integration with Website
This not only eliminates the chaos of overselling and stock discrepancies but also unlocks deep insights into consumer behaviours and sales trends.This blog focuses on the integration of online and offline channels, known as ecommerce POS integration - specifically websites.
What is a POS integration?
A typical eCommerce POS integration is an efficient way for businesses to link their POS hardware (e.g tablets, monitors, contactless card readers, cash registers and customer facing displays) to software such as payment processing, sales processing, real-time inventory updates and analytics.
This integration also involves the synchronization of POS and ecommerce platforms, ensuring real-time data sharing for quick decision-making in the retail environment. Additionally, it supports various sales channels, enhancing the overall retail experience.
There are various POS systems including in-store POS, cloud-based POS and mobile POS. Each is designed for different business functions.
An eCommerce POS integration enables streamlined connection that can deliver increased efficiency for both business input and output.
What is eCommerce and its importance?
In its simplest form, ecommerce is the trade of any services or goods over the internet. It usually relies on channels such as websites or social media (social commerce) to promote the services and goods for sale. An online ecommerce platform plays a crucial role in facilitating these transactions by providing a centralized system for managing sales, inventory, and customer data.
eCommerce is vast. 20.1% of retail purchases are expected to take place online in 2024 and Ecommerce sales are expected to grow 8.8% in 2024.
With the eCommerce market expected to generate $5.5 trillion by 2027, websites are clearly an essential asset for businesses who wish to tap into this lucrative opportunity.
Given these trends, it is crucial to optimize online sales channels and systems to deliver peak retail performance.
What is an eCommerce POS system?
It is the digital equivalent of a traditional POS.
Integrated within an online ecommerce platform, these systems oversee eCommerce sales using an online ‘shopping cart’ and a payment method. Ecommerce POS systems tend to be cloud-based.
Additionally, they can significantly enhance customer loyalty by providing personalized shopping experiences and rewards programs.
Why does POS integration with websites matter?
POS integration involves forging a network between an existing POS system and other business systems.
Synchronization between POS and an online ecommerce platform enables real-time data sharing, which is crucial for making quick decisions in the retail environment. Additionally, data synchronization helps maintain consistency across all platforms.
POS integration covers three main areas: integration between platforms, locations, and channels. These integrations work in harmony to allow data to be sent across networks to different locations and platforms.
Why is eCommerce POS integration with websites helpful?
POS eCommerce integration (integrating POS with an online ecommerce platform) increases the efficiency of business operations and can also improve customer satisfaction.
An integrated point of sale system handles both offline and online sales and transactions in a rapid and automated fashion.
This is especially helpful for businesses with both an online store and physical stores as POS system integration enables increased efficiency with sales data in a central hub. It eliminates the need for manual entry of customer data and also provides valuable customer insights that can drive better business decisions.
A study by Harvard Business Review shows there is 13% increase in spending in physical stores if customers have conducted prior online research through the brand’s websites.
Basically, customers who shop across multiple channels will spend more in retail stores.
These findings emphasise the need for an integrated ecommerce POS system as it reflects and supports a proven consumer behaviour. It aids in a seamless data flow and synchronisation between online and offline channels, increasing the chances of retail business success.
How POS integration with websites work
Evaluating existing POS systems and software
So where do you start?
The first step to POS integration is evaluating your existing POS system, website, and online ecommerce platform for system compatibility. Any costs or fees for integration will depend on your eCommerce solution.
Questions to consider:
● Is the existing POS system compatible with ecommerce POS integration?
● Does the website have an ecommerce component that can be integrated?
● Is your existing POS provider able to meet your essential requirements?
If your existing POS system is not compatible, it might be wise to liaise with different POS providers to see what features they can each provide.
When deciding between your current POS system or taking the big step of choosing a new one, be sure to clarify and evaluate your specific needs. This is not just about what you need today. Factor in your future plans and business roadmap.
Consider the pros and cons of each option. Assess how well each system meets your requirements.
If you want to connect your POS with inventory management, accounting software, or customer management systems, you need to consider:
● How will this integration be presented?
● What native functionalities does the provider’s software offer?
Implementing integration tools
Once you have selected your POS system and online platform, there are a few ways to integrate your online and offline channels using integration software:
Application Programming Interfaces (APIs)
APls are a popular way to facilitate data exchange between the POS and online ecommerce platform, allowing data to be exchanged smoothly.
This is the most straightforward approach to integrating a POS and eCommerce site. Many POS systems have APIs.
Third-party integration platforms
Middleware solutions are third-party integration platforms (e.g., Zapier, TradeGecko) which can bridge the gap between disparate systems, if needed.
Achieving eCommerce POS integration offers more flexibility than switching online and offline stores to the same provider.
Switching to one provider is likley to limit your options to use third party apps. This could prevent you from implementing software that oversees specific aspects of retail management operations.
Middleware solutions act as intermediaries to stop this from happening.
Functions of an eCommerce POS integration once finished
Once complete, a POS integration project with an online ecommerce platform can make it possible to access various valuable features.
● Sync catalogs of online and brick and mortar operations
● Real time inventory updates through automative flow of data between systems
● Enhanced analytics encompassing online and offline customer data
● Rapid payment processing for online and in-person transactions
Additionally, it can boost sales conversions and customer engagement by providing a seamless shopping experience.