Vectron Systems AG

Vectron Systems AG
Munich with respective retail sale turnover of EUR 17,240m, EUR 10,461m and
EUR 9,639m.
Some trends and perspectives of POS systems market
In the following part we briefly discussed some trends on the POS market that are
meaningful for Vectron`business.
Fiscal memory chip
Over the last decade the so called “Fiskalspeicher “ were statutory regulated in a lot
of various countries in and outside Europe. The fiscal memory chip shall prevent for
manipulative storage of cash turnover and simplify the process of tax assessment
by relevant authorities. According to Vectron‟s judgment, other European countries
consider to introduce this kind of systems in the near future. Such a development
represents great chances for Vectron in the development of new markets since the
company has already collected corresponding experiences in Turkey and some
Nordic countries.
Mobile system trends
Concerning mobile systems, Vectron has a great potential in the core market of
catering, since working with mobile devices, directly at the table makes service
faster and more effective. Since previously exploited solutions were considered as
relatively expensive additional components for less expensive POS systems, the
mobile systems, gain nowadays more popularity among users.
Remote maintenance
The “cost of ownership”, i.e. the follow-up costs of POS systems substantially
excess the initial purchase costs over few years, therefore these “costs of
ownership” are as important as the purchase price for the end customer. The
largest expenses arise from employee‟s wages and service technician costs.
Therefore, it is more effective and cheaper to conduct remote maintenance rather
than maintenance at a certain place. Vectron has early recognized these trends
and currently offers a plenty of maintenance services that can be conducted
remotely.
Customer retention systems
Today the mission of POS systems is not only the efficient administration of
existing sales, but also the realization of higher sales. For instance, airline
companies and chain stores since years have used customer retention systems.
Nowadays, this service is also strongly demanded by small retailers which
represent the main customer segment of Vectron. Therefore, Vectron provides
small retailers with the same capabilities as large companies have.
POS systems as management tool
Aside from pure sales registering the POS systems are also equipped with
additional functions which enable management to control all stores and run the
business as a whole. Vectron looks forward to develop and modernize
corresponding functions of their POS applications.
Internet integration
Due to the significant expansion of internet the demand for POS systems, which
are connected per internet and not per modem or ISDN switched connection, is
constantly rising. Connection between POS systems and internet enables a range
of interactive functions e.g. online ticket-booking, purchasing goods per internet,
table reservations etc.
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Perspective and
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