POS Systems / Service Plan
Retail Point of Sale Extended Warranty Service Plan Programs
The most basic POS computer system is an electronic cash register. The clerk can ring up goods in the cash register and produce a receipt for the customer. At the end of the day, various cash register functions can be used to print out daily reports that are used to reconcile the cash register and to prepare a deposit. More complex cash registers are capable of extremely detailed reports, and they have memory functions that allow users to look up reports from the past or generate monthly and yearly reports.
A more complex POS system, however, includes many bundled features. Many systems have inventory management capabilities, where each piece of merchandise is entered into a database so that it can be tracked. Some systems also allow store buyers to generate purchase orders from within the system, using data about sales and product popularity. Time clocks and other accounting features, such as credit card verification, may be integrated as well. Human resources may keep personnel records within the system, in a separate password protected area.
The hardware is also distinctive and important. A typical system includes a display screen for the clerk, a customer display, a cash drawer, a credit card swiping system, a printer, and a bar code scanner, along with the computer loaded with the POS software. Custom features may be added or removed, depending on the industry. A restaurant system, for example, may have a feature that prints order tickets directly in the kitchen, or a grocery store may have an integrated scale for weighing good.
CWSC® provides turnkey Point of Sale Extended Warranty Programs for retail customers using Internet Technology combined with electronics which can be covered by flexible warranty programs that allow for various lengths of coverage, normally from 1 to 5 years.
The warranties provide high value to the customer in terms of security and peace of mind. They provide high profit margins to the retail dealers with virtually no overhead and minimal marketing or sales resources required. Years of actuarial experience assure low insurance risk, resulting in attractive profits for the underwriters.
As third party administrator, CWSC® sets up the entire program. Ongoing, CWSC® efficiently manages the contracts, premiums and reserves, call center, customer service, claims processing, repairs and shipping when required.
CWSC® can custom design the service plan coverages you need for your POS system in any area that you may require. Call 1-877-614-7181 ext. 711 or email us at firstname.lastname@example.org for additional information, you'll be glad you did!