POS Software

Best Point of Sale (POS) Software

If your brick and mortar shop needs the best Point of Sale software which is the best fit for your needs; GoodFirms has listed a range of widely used POS system software to choose from. Point of Sale systems not only helps in generating bills for the customers, but also enables the users to identify sales trends, manage inventory, suggest product re-purchases, etc. Depending upon the intrinsic size of your business, you can choose the best POS software. GoodFirms has researched and listed various POS system software solutions available in the market, which you can go through and select the best, which caters to your business needs.

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List of Top Point of Sale Systems | Best POS Software

KORONA POS
Point of sale software built to give small businesses more

KORONA's all-in-one museum POS software offers a powerful ticketing system, membership and CRM services, and extensive hardware integration. The point of sale software also caters to additional verticals, such as gift shops and QSRs. KORONA POS system is a scalable cloud-based system, meaning any changes are made in real-time and all data can be accessed remotely. There are no contracts, credit ca... read more

365 Days
$49/Month
NexoPOS

2. NexoPOS

A POS Software system for small and medium businesses.

NexoPOS is a POS software designed to help small and medium-sized businesses (SMBs) run their operations, from managing their customers, tracking their inventory, and generating detailed reports on sales among others. NexoPOS is a point of sale software system easy to install, build for businesses, which helps you to manage your store and your stock in a few clicks.

N/A
$25.00/Month
Bright Retail PoS
The Complete & Powerful POS Software

Bright Retail PoS Software - retail point of sale software solutions are designed to address the challenges of small & independent aspirants, retailers, and large multi-store retail chains. their sector-specific orientation, built using the latest technologies, assure retailers 'a visible improvement' in customer engagement, by helping them source the right product at right price at the right time... read more

N/A
$215/Year
Vend

4. Vend

Best POS Software for Small Business Retail

Vend is the leading POS software for retail, trusted by over 20,000 small business retailers worldwide. Sell, manage, report and scale with Vend Point of sale software. Vend is the retail management software that’s taken retail to the cloud. Vend point of sale software is legit, here are some big numbers to prove it. And we do it all because we love to help retailers grow.

Robin Jennings, Director at We Push Buttons
Robin Jennings, Director at We Push Buttons
30 Days
$69.00/Year
ShopKeep
complete Point of Sale System Software

ShopKeep POS software puts your cash register on an iPad. It’s intuitive and easy to use. We were founded by a merchant, so we know simple, powerful solutions beat complicated bells and whistles every time. With ShopKeep, you can accept any form of payment and you get essential features like automatic inventory tracking, employee management and real-time sales reporting anytime, anyplace.

N/A
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Erply

6. Erply

Next generation retail and POS software system.

Erply is a cloud POS system for retailers of any size. We offer comprehensive inventory management, a suite of detailed reports, and multi-store functionality. Erply is fast and flexible, making us a long-time partner of several highly successful brands like Sony, Disney, Garmin GPS, Elizabeth Arden, Athlete's Foot, Carat, Rapid Refill, Viasat, UNICEF, United Nations and United States Olympic Comm... read more

14 Days
$99.00/Month
Shopify POS
Point of Sale System with Retail POS Software for Quick Sales

Shopify POS system is an iPad and iPhone-based point of sale service from Shopify. The application allows you to manage your entire online and physical store business using a unified platform. Shopify POS software is part of the Shopify eCommerce suite, enabling you to take your business and manage it from everywhere.

Kinjal Bhanushali, R&D Manager at uFaber Edutech Pvt Ltd
Kinjal Bhanushali, R&D Manager at uFaber Edutech Pvt Ltd
14 Days
$29.00/Month
Square

8. Square

Point of Sale Software Easy to Use.

Square is a point-of-sale application designed to provide businesses with a reliable and fast POS software system. It enables you to take payments using your iOS or Android devices and can be implemented on the counter or on-the-go. The POS system comes with a free downloadable point of sale software plus a Square magstripe reader, allowing payments via debit and credit cards. It also comes with ... read more

Ali Jaffar, CEO at Key Medium
Ali Jaffar, CEO at Key Medium
Available
Free version
Bindo POS
A Smarter iPad POS System.

Bindo is a cloud-based iPad POS software system with a vertically integrated eCommerce marketplace. It offers a point of sale software solutions to retail management and restaurant businesses by deploying smart inventory management tools to help in effective tracking of inventory in real-time.

14 Days
Contact Vendor
QuickBooks POS
POS Software for Small Businesses

QuickBooks helps in getting a point of sale software system from the company that sets a standard for small business accounting. With Desktop POS software, you know you're getting the quality and support of the QuickBooks brand with every transaction.

30 Days
Contact Vendor
Lightspeed POS
The retail POS system to manage your sales.

Lightspeed Retail Point of Sale software is the industry-leading easy to use cloud-based POS solution for retailers. Lightspeed Retail simplifies the way you serve customers and manage all your store locations. Lightspeed POS software to manage your inventory, keep tabs on your sales, manage your employees, process payments and create unforgettable shopping experiences that keep customers coming b... read more

Clay Duos, Owner at Clay M. Duos, DDS
Clay Duos, Owner at Clay M. Duos, DDS
14 Days
$99.00/Month
eHopper

12. eHopper

Free POS Software for Small Businesses

eHopper POS software is easy to use, cross-platform, and available on Android tablets, iPad, Windows PCs, and the Poynt terminal. eHopper is a free POS system for Windows PCs, Android and Poynt. eHopper point of sale software fits small businesses such as quick-service restaurants, coffee shops, bakeries, cafes, bars, liquor shops, food trucks and other retail business looking for a consolidated... read more

Available
Free version
Revel System
THE POS SYSTEM TO ACHIEVE YOUR NEXT BUSINESS GOAL.

Revel Systems is the POS software and platform built to help the business achieve its goals. Improving day-to-day operations and fueling merchant growth, Revel's streamlined ecosystem pairs an intuitive point of sale software with powerful management tools, integrating inventory management, employee management, sales reporting, and more into a single platform.

N/A
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Toast POS

14. Toast POS

Restaurant Point of Sale & Management System

Toast is an all-in-one point-of-sale and restaurant management platform. As a cloud-based system built specifically for restaurants, Toast POS software offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface. 

N/A
$79.00/Month
NCR Silver
iPad Point of Sale System Software

NCR Silver is a POS system that is hosted on the cloud and developed specifically for the Apple iPad. Created by the first Point of sale systems provider, NCR, the NCR Silver POS software leverages the simplicity and ease of use of the iPad, enabling users to run their POS-related functions including employee management, inventory management, scheduling, sales reporting and more from a convenient,... read more

N/A
$79.00/Month
Imonggo

16. Imonggo

Truly Free Web-Based Point of Sale System.

Imonggo is the first free cloud-based point of sale system for a retail management solution, enabling small businesses to operate, manage, and grow their stores.

Available
Free version
Springboard Retail
POS Software - Retail Point of Sale Software

Springboard Retail is a purpose-built cloud Point of sale and retail management system designed for retailers, by retailers. Built with multi-site, multi-channel brands & retailers requirements in mind, the Springboard POS software platform allows them to deliver seamless service to every customer the same way, no matter where or how they choose to shop. Get the powerful retail management function... read more

7 Days
$69.00/Month
Primaseller
The Complete POS & Online Inventory Management Software Solution

Primaseller is a complete POS software and Online Inventory Management Software Solution that enables multi-channel retailers to manage their Brick & Mortar in-store sales along with all their online channels of sale like their web stores or marketplaces like Amazon in an integrated seamless manner.

14 Days
$59.00/Month
Tillpoint

19. Tillpoint

Retail & Hospitality POS Software

Tillpoint is the multi-award-winning POS & Business Management System capable of running your entire operation. Its innovative modular design allows users to easily manage all areas of operation, including the POS, Inventory, Staff and Accounting. Tillpoint currently has over 25 modules, all of which are included in the subscription plans, resulting in a complete, centralized, and cost-effect... read more

30 Days
$99.00/Month
TouchBistro
iPad POS System: Restaurant Point of Sale Software

TouchBistro pos software is built for restaurant people, by restaurant people. We're a team with hundreds of years of experience in the restaurant industry – and we've used that experience to build a Point of Sale software solution that helps restaurateurs make more money, deliver a great customer experience, and take the guesswork out of making business decisions. TouchBistro was designed to ma... read more

28 Days
$69.00/Month
Webnexs POS
Retail Point of Sale Software System

Webnexs POS software is a comprehensive point of sale system software designed to let you sell from your online eCommerce website or brick-and-mortar store with ease and efficiency. It comes with all the core functionalities of a store management system, including accounting, inventory, invoicing, and more, to ensure that you manage your online and offline retail store from a unified platform.

N/A
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Cegid

22. Cegid

Retail POS Software & Talent Management Solutions

Cegid is a robust point of sales software and stores management software for retail businesses. It’s a POS software & reliable management system that also integrates the capabilities of inventory management and customer relationship management applications. The program combines all customer touch points across different platforms to deliver centralized store management and staff monitoring exper... read more

N/A
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Salonist

23. Salonist

Salonist salon and spa management software

Salonist helping salon owners to operate their salons in an easy ways since 2016.  Salonist is an easy to use, operate and all in one featured salon management solution. It gives salon owners the latest technology to handle their customer relationships, increasing productivity, and driving profitability. To know more visit our online website today!

14 Days
$49.00/Month
Kounta

24. Kounta

Cloud based Point of Sale Software System

Kounta provides an affordable, easy to use point of sale software system with everything a hospitality business needs to grow.  Quick to set up, easy to learn, and simple to manage, Kounta POS software is full of efficiency-boosting features to tailor service exactly how you need.

14 Days
$50.00/Month
Poster POS
Point of Sale and Inventory Management for cafes, restaurants, and stores.

Poster POS is a cloud-based tablet point of sale software system that enables businesses, specifically cafes, restaurants, and shops to take orders, manage inventory levels, monitor stocks, and more. The system is easy to set up, with your whole POS software up and running in 15 minutes.

15 Days
$14.00/Month
Linga POS

26. Linga POS

Cloud-based Restaurant Point of Sale Software System.

The most innovative point of sale software system on the market. A true cloud-based enterprise POS System, fully integrated with enterprise reporting, inventory, customer data, central kitchen, and more. For a complete restaurant POS system there is only one option that offers a true all-in-one solution, the Linga POS Software.

Available
Free version
Upserve

27. Upserve

Restaurant POS and management software that does it all.

Easier, smarter and built for restaurateurs Upserve’s restaurant management platform is your all-in-one solution to successfully run your restaurant. We provide payment processing, point of sale and valuable insights to boost margins while saving you time. Upserve's platform is easy to implement and use, reliable, and backed by a 24/7 U.S.-based support experts.

N/A
Contact Vendor
Odoo POS

28. Odoo POS

User-friendly Point of Sale system.

Odoo POS is the perfect solution. Managing is easier with Odoo's fully integrated inventory and accounting modules. Odoo POS system has all the features you're looking for. The easy-to-use interface allows you to serve multiple customers at the same time thanks to parallel orders.

15 Days
$6/Month
Loyverse

29. Loyverse

Free POS Software & Inventory Management Software.

Loyverse provides simple yet powerful POS software tools for managing small to medium retail business. Manage your store and sales from a smartphone or tablet — increase your small business profit by making your sales easy and fast with Loyverse Point of Sale software, manage inventory, visualize sales analytics, acquire, retain, engage your customers and multiply their average spend.

Available
Free version
Pangea Open POS
Open Source POS Software.

Pangea Open POS is an Open Source Point of Sale Software designed to work with touch screens and available in 3 versions for Restaurants, Retail management and Spa. Pangea Open POS software is available on both free and paid versions. The paid version is accessible by signing up on Members Area. On Members Area you can find the latest version while on Source Forge you can still download previous v... read more

Available
Free version
Wallace POS
The open source, web based POS system solution.

Wallace POS is an open-source, intuitive & modern web-based POS system & business management system. It uses the power of the modern web to provide an easy to use & extensible solution suitable for small to medium businesses.

Available
Free version
Chromis POS
Free Open Source Point of Sale Software.

Following on from my extensive work in supporting an open source pos software with a large number of additional features and fixes since 2012, there seemed to be a demand for a cheap kitchen screen option to work with the point of sale software. It was then, that I have decided to start developing additional applications as extensions to this application, or any other open source POS software that... read more

Available
Free version
Floreant POS
Think Open source POS System, Think Floreant

Floreant is one of the first known enterprise-grade restaurant point of sale software systems released in the public domain. Florent POS software has stable growth in the last six years and according to Google statistics, it’s the most used restaurant POS software. Floreant has been shared in all download sites including CNET Download, ZDNet, and Sf.net. Only sf.net has more than 122,000 downloa... read more

Available
Free version
uniCenta

34. uniCenta

Point Of Sale Software - Commercial Grade Open Source Software

Day-In, Day-Out uniCenta POS software helps thousands of people all around the world save their business time and money. uniCenta is not the usual run-of-the-mill legacy Point Of Sale software developer. We are a small team dedicated to bringing you innovative Point Of Sale app. Our aim is to free you from legacy POS software thinking and help you and your business succeed.

Available
Free version
Alice POS

35. Alice POS

POS Software Built to Increase Revenue

Alice POS is a cloud-based retail point of sale software solution designed for multi-site stores such as franchises, corporate chains or buying groups, as well as individual stores that have the ambition to expand. Alice POS software is built to increase revenue and save time while offering multi-store specific features such as inter-store inventory transfers, standardized network pricing, and adv... read more

N/A
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ProffittCenter
FREE Point Of Sale Software For Windows.

POS Software or point of sale Software. If you are looking for a totally open and free Point Of Sale software to run on your computer, then you have come to the right place - ProffittCenter POS Software. Far more than just a low-cost computerized cash register! Full stock control and ordering. Slash your inventory costs. Stop being out of stock! Have more control than your competitors! ProffittCen... read more

Available
Free version
eZee BurrP
Little more than an ordinary restaurant management system.

A restaurant management system helps a restaurant manage all the different types of orders, menus, shifts, tables, billings, payments and everything on all counts. Specially designed to serve and assist the F&B industry, restaurant management expedites every operation of the restaurant and thus making restaurant management cakewalk for a restaurateur.

14 Days
Contact Vendor
Armada POS
Retail Point of Sale Software

Armada POS is the latest state of the art Point of Sale software for today's Retail and Hospitality establishments. Using the most advanced technologies, Armada POS software is able to provide you with an ongoing, reliable service you can count on. Whether you are trying to find better ways to manage your multi-location casual restaurant operation, retuning your delivery side of the business, mana... read more

N/A
$3000/One-time
ePOS Hybrid
Innovative Cloud Based POS Software for Hospitality.

Elevate your customer experience, drive loyalty and streamline operations with a point of sale system built to help you grow. ePOS Hybrid is a powerful POS system dedicated to the hospitality food industry. Our functionality ranges from full menu and kitchen management to stock control, staff coordination and business reporting. ePOS Hybrid is an innovative cloud-based POS software determined ... read more

N/A
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Nextar

40. Nextar

A Simpler Way to Manage your Inventory

Nextar is a simple POS System, perfect for small and medium-sized businesses. Run a Smart Cash Register, Manage Inventory, Create Customer Accounts and more.

Available
Free version
SlickAccount
Better cloud Accounting, POS & Inventory Software for your business

SlickAccount's simple GST Accounting Software lets you create GST ready Invoices, send them to clients, manage inventory and stock, get amazing reports and file GST returns. Slick Account is an perfect accounting software for startups and small businesses.

N/A
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E-Restaurant POS PLUS
All-in-one user-friendly and affordable restaurant POS system

e-Restaurant POS PLUS is a restaurant POS software especially having a Smart Inventory System that helps a restaurant owner to protect his inventory from stealing or misusing. This software is specially designed for the restaurant by keeping RESTAURANT NEEDS in mind. Payment terminals, touch screens, and a variety of other hardware and software options are used to enable the transaction. Ultim... read more

7 Days
Contact Vendor
Ginesys
Stable and Easy Retail POS Software with GST managing 10000+ sites

Ginesys Point of Sale Software is an easy to use Retail POS Software. It works fast and is secure, is easy to use, fully controlled from HO and offline with fast sync with HO software.

N/A
Contact Vendor
FusionRetail
FusionRetail brings success by automating your business.

For a stand-alone retail store or a chain, FusionRetail provides safe & secure retail management system, touch & scan point-of-sale (POS) with billing, barcoding, inventory control, financial accounting & management, chain store management, payroll, customer loyalty program, CRM, MIS and Mobile Reporting. Unlike other retail software, it's simple to setup, use & manage, allowing you to automate ta... read more

Available
Contact Vendor
Sapaad

45. Sapaad

Cloud-based POS & Restaurant Management System

Sapaad works great for small cafes to multi-chain restaurants. Sapaad does walk-in, dine-in, home delivery and online orders. Our affordable, pay-as-you-go pricing model fits every budget. Sapaad is user-friendly, device agnostic; no IT headaches. Restaurant-optimized Inventory Management, Recipe Management, Menu Engineering, Call Center Management, LIVE Business Dashboard with rich reports, Kitch... read more

14 Days
$53.99/Month
SalesVu POS
Easy to Use Point of Sale App.

SalesVu is a cloud-based business management and Point of Sale solution that caters to small and midsize businesses. Key features include an iPad and iPhone based POS setup, eCommerce platform, inventory and vendor management dashboard, cloud-based accounting and sales analytics, employee scheduler and labor reports, customer relationship management, reservations management, email and social marke... read more

15 Days
$15/Month
Clover

47. Clover

Smart, customized point of sale systems that make running your business easier

Your Clover POS system makes running your business a breeze. Take orders and accept payments. Organize inventory and manage your team. Grow your customer base. All at the tips of your fingers.

N/A
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Epos Now

48. Epos Now

Award winning EPOS systems and cloud software for any business.

Inventory, customer loyalty and point-of-sale software for iPad, Android, Mac & PC. Instant setup, grow and manage your business in the cloud. From a single location, to many.

30 Days
$39/Month
IT Retail

49. IT Retail

Point of Sale For every Grocer

IT Retail is an affordable cloud-based POS that is built specifically for small grocery stores and convenience stores. We offer powerful analytics and custom tools that give grocers the power to make changes and view sales from anywhere. Get a demo of IT Retail today to understand why hundreds of grocers are upgrading their stores.

N/A
$59/Month
AccuPOS

50. AccuPOS

The Award-Winning POS System & Software

AccuPOS designs the most advanced POS system software, compatible with the widest range of hardware. Available on Windows and Android devices for more choices, more features, and better prices.

Available
Contact Vendor

Point of Sale Software Buyer's Guide

 

The buyers guide to POS (Point of Sale) software provides in-depth information to the business people and can help them in choosing the appropriate point of sale system for their industry. Retail, hospitality, consumer services, multi-service businesses (like health, nutrition, entertainment, theatres, and hotels) make use of point of sale app regularly.

 

The companies and businesses get hold of commerce by making use of point of sale systems that helps in promoting longevity in the business. Along with businesses, the information in the buyer’s guide allows consumers to have profound knowledge and understanding of a quality product or service due to which the consumers feel inclined to remain connected to the same business.

 

What is Point of Sale (POS)?

 

POS is an abbreviation for Point of Sale or Point of Service. It means the point of sale transaction or deal that happens between a merchant and a customer at the time of purchasing the product or service. The POS solution is generally used to carry out the transaction.

 

In simple terms, Point of Sale serves as a system that allows the sale of physical goods in a retail store. The POS system is performed in a store at the time of the checkout, the processing of the bills, and at the time of the payment of bills.

 

For example – If you are purchasing something in a retail shop, then you are undergoing the process of point-of-sale.

 

"Point of sale is where you reach 100% of your audience 100% of the time." By Paul Hudson (writer, philosopher, and entrepreneur)

 

What are the different types of (Point of Sale) POS?

 

In businesses, the point of sales ranges from simple mobile payment processors to large multi-location companies. The various types of POS systems are as follows:

 

Mobile Point of Sale - If the users do not manage a lot of inventory and prefer to be mobile, then Smartphone POS services is an apt option for processing payments. Small businesses, like event vendors, contract professionals, and freelancers, will find this system suitable. The business owners only have to download an app and create an account for a mobile POS system.

Suitable for – street vendors, event vendors, mobile services.

 

Terminal point of sale - Terminal point of sale (POS) system is used to seeing in businesses at the counter. Though they are hardware/software-based, but can even use cloud-based software. Over swipe and chip-based cards, the POS terminal usually detects all modes of payments. The modern POS terminals discover NFC (near field communication) / contactless cards, Apple Pay, Google Wallet, and Samsung Pay all.

Apt for – busy retail, antique stores, grocery stores, restaurants.

 

Self-Service Kiosk POS- The customers can input the necessary data and check out their purchase with the help of self-service POS systems. Even if the workers are not physically present to manage the sales process, then also the users can run their business with the help of this POS system.

Apt for - ticket sales, large retail stores, parking, human resources.

 

Tablet POS- iPad and Android point of sale systems are accessible and require nominal investment. If the users own an iPad or an Android tablet, then they own minimal upfront investment. For complicated functions like employee time tracking and synchronized inventory management, the user can make use of this system.

Suitable for – salons, small retail stores, cafes, food trucks.

 

This type of POS solution is suitable for mobile vendors, coffee shops, gift shops, small retail stores, pizzerias, ice cream parlors, art galleries, small theatres, salons, quick-service restaurants, juice bars, and professional services.

 

How Does a Point of Sale system work?

 

The POS system helps in running the business smoothly by saving time and reducing paperwork. It works in the following manner:

  • Installation and set up – The POS system involves physical hardware components and software system data. The POS provider sets up the account. The user can add inventory, employees, and customers. The POS Company teaches users how to make use of this POS system.
  • Collects data- The POS systems fetch customers’ data including the phone number, name, and customer number. In the industry-specific software, there are features of inventory management.
  • Promotion - The Point Of Sale solutions allow users to design simple marketing strategies that help in gaining more business. It offers email marketing and direct mail reports.
  • Reporting and Back Office – The users can review the sales reports and can manage inventory, employees along with the customers. The POS system provides reports that include the details of the cost of goods sold, low inventory along with existing inventory, customer purchase history, item-specific sales reports, and gross sales.

 

What is a Point of Sale (POS) transaction?

 

 POS transaction is the state where customers offer payment for the exchange of goods and services. It occurs when the deal is finalized. The user can use cash, debit cards, mobile payments, or credit cards for the payment.

 

Before making the authorized transaction, the user requires the PIN number, signature, and fingerprint scan that helps in completing the POS purchase. From the PIN number or other security features, the authentication information travels through the ATM networks to reach the issuing bank. The bank holds power to approve or deny the deal based on transaction type and amount of funds present in the account of the cardholder.

 

What is a point of sale terminal?

 

POS terminal serves as the physical equipment that allows merchants to process payments to complete a customer purchase. For the cash register, the POS terminal is a computerized replacement that helps in processing credit and debit cards. The POS terminal allows the customer to complete the transaction by entering a card PIN.

 

For example- In the restaurant, after eating, you make the payment. For paying the amount, you may use credit cards or cell phones to pay with Apple Pay or Android Pay. The machine or system used by the restaurant to take your payment is termed their point of sale terminal. It takes the payment of the customers by adding up the totals along with the sales tax.

 

What is a mobile point of sale (mPOS)?

           

Mobile point of sale (mPOS) serves as the smartphone or dedicated wireless device that executes the task of a cash register or electronic point of sale (POS) device. With the help of a downloadable mobile app, the user can transform any smartphone or tablet into an mPOS.

 

The user can experience better processing capability, enhanced communication, sophisticated consumer analytics, real-time inventory management, and wireless connectivity with mPOS smart devices. In the small business sphere, the mPOS system has become more and more popular. It is cheaper and more flexible than the ePOS (electronic point of sale) system. As per the business requirement, the mPOS can be connected to external hardware like card reader, cash drawer, printer, and barcode scanner.

 

In retail stores, the mobile POS system helps in attaining consumer data, empowering employees, and generating more dynamic sales opportunities. The user should use the secure, simple, and affordable mPOS system for their business.

 

Difference between on-premise POS and Cloud-based POS?

 

If you are in a dilemma to choose between an on-premise POS or a cloud-based POS system for your business, then the below-mentioned points will help you in drawing the conclusion.

 

Data security:

 

On-Premise - The user can access data from only one location as it is a closed network. Your business will be responsible for the protection of your on-premise server, so it is considered a better option.

 

Cloud-Based - The user can access the cloud-based system from anywhere in the world as it stores data online. The data in this system is more secure as the technical experts maintain the servers.

 

Integration and Customization:

 

On-Premise - Based on the business process, the user can customize the on-premise module. The enterprises with a considerable budget can find it an appropriate option.

 

Cloud-Based - Though the customization in a cloud-based POS system is limited, it is easy and effective to integrate the new module to a cloud-based system. This system is less time consuming, and users don’t have to be fretful about the networks and servers.

 

Cost Efficiency:

 

On-Premise - The user does not have to depend on any ongoing service fees for hosting. The user has the freedom and control over the data with this system.

 

Cloud-Based - Being a subscription-based service, this system has little or no direct cost. The vendors automatically handle maintenance and updates. On the basis of the business size, the price can vary.

 

Functionalities:

 

On-Premise - There are broad ranges of features in on-premise modules, and it is difficult and time-consuming to add new functionalities in this POS solution.

 

Cloud-Based - Whenever any new change occurs, then it automatically gets updated. The user can add new plugins to the system with few easy clicks. The user experiences the latest trends and top accessible tools with the new versions.

 

Deployment:

 

On-Premise - The IT team and experts are required by this system that helps in server maintenance.

 

Cloud-Based - On the basis of the subscription, the cloud-based POS system can be purchased monthly or annually. The POS provider looks after the maintenance of the resources.

 

Internet Dependency

 

On-Premise - Without the internet, the on-premise system works smoothly and efficiently. The hardware and servers are in a closed network, so it doesn’t rely on the internet.

 

Cloud-Based - The service of the cloud-based POS system is greatly affected if the internet connection is weak or lost.

 

POS best practices

 

The user should follow the below-mentioned practices to make the POS system efficient:

 

  • The Pos system should meet the needs of the digital era to meet the demands of reliability, speed, and security.
  • The companies prefer cloud-based platforms so that the users can experience unified commerce, the agility of deployment along with scalability.
  • The POS solution should be able to enhance customer engagement with the help of technology. The retailers can bring incentives, cross-sell, interact with shoppers, and up-sell by swiping a loyalty card.
  • The retailers should make an educated purchase decision with the help of e-commerce and omnichannel experience.
  • The store associate uses a mobile POS system by attaching shopping carts with tablet computers and Apple iTouch.
  • The retailers should provide a consistent pricing pattern or pricing transparency across all channels, whether physical or virtual.
  • The merchants should believe in creating a powerful POS foundation that also supports modern POS systems.
  • Retailers should be aware of the changes and updates in the mandatory regulations such as Payment Card Industry Data Security Standard (PCI DSS). They should use PCI compliant devices, monitor physical devices, and should not connect their POS system to external networks.

 

What is a Point of Sale (POS) System Software?

 

Any store that has a point of sale and point of purchase can use POS software. The POS system is widely deployed by ecommerce stores and many brick-and-mortar stores.

 

The POS system helps in controlling the transactions. From customers, products, sales, inventory, loyalty programs, and labor; this point of sale software solutions automatically updates the essential database.

 

The retail companies, grocery shops, and hospitality businesses like restaurants and hotels can benefit highly from a POS system. The retailers can accept and process the payments with the help of retail POS software. The user purchases the POS system with hardware and accessories such as to monitor screen, cash register, barcode scanner, receipt printer, and card readers.

 

What is the purpose of the POS software?

 

The point of sale system software is becoming the nerve center of every business. It provides an all-in-one solution to a large number of everyday issues. The point of sale solutions collects and records data accurately, which in turn helps users to know about the functioning of the business.POS software is essential due to many reasons:

 

  • Manages the inventory- The point of sale software maintains the business’ inventory. It collects and tracks the information that helps the users to know what sells a lot and at what time it should be restocked. From the reports, the users can decide when they should adjust the pricing.
  • Automates the accounting- POS solutions make the record-keeping and accounting process easy and effortless. Directly from the system, the user can collect all the data. If the sound POS system is connected to the computerized accounting system, then the user can clear credit cards, record transactions manage sales, and collect taxes quickly.
  • Collects customer data- The user can gather the information from the current customers based on the information input capacities. The POS system allows improving the buying experience of customers by keeping the information related to customers’ phone numbers and email addresses. The customers will find it easy to shop more if their information is stored prior in the system. This results in better CRM.
  • Saves time - The POS system speeds up the checkout process and inventory management. It offers faster payroll processing. The user can make use of the search tool to look for any type of transaction.

 

Features of Point of Sale Software

 

The prominent features of point of sale solutions are:

 

Inventory and stock Management- All the time, the point of sale system software offers full visibility and accountability at the store level. It presents the visibility of inventory along with SKU (Stock-keeping unit) transaction history.

 

Billing and Order Processing- By scanning items and capturing different payment modes, the point of sale solutions perform the functionality of billing and order processing. The POS generates order invoices, email to the customer, add customer details along with discount details.

 

Sales Monitoring and Reporting - Based on the sales report, the pos software produces a strong report. The merchants properly understand their business, if they receive reports hourly, daily, weekly, monthly, and yearly takings and outgoings. The advanced POS solutions offer sales trends like seasonal demand in products and information related to stock management.

 

Cross Channel returns management- The POS returns management system accepts the cross-channel returns and assists in refunds along with replacements from any type of store location. The POS system captures the details of the reason for the return, salesperson’s name, and remarks.

 

Employee management- The point of sale software administers the staffing levels, sales performance, and employee hours that ultimately help in tracking employee productivity. With each transaction, the user tracks the activity of the employee, which eventually assists in dividing the right and weak performers. Accordingly, the user takes apt actions that help in improving productivity.

 

Customer relationship – By storing customer data and purchase history, the POS system helps in retaining the customers. In business, the customer data is helpful for advertising as it offers insights regarding which customer would be paying attention in the sale.

 

Onboarding and support- The point of sale systems provide interactive webinars, 24/7 support, one on one sessions, email and chat support, customer forum, and account history.

 

Mobility and cloud – The POS system software customizes the point of sale system. It provides personalized branding on spot transactions, mobile inventory, and quick employee training.

 

Types of Point of Sale (POS) Software

 

There are many types of POS systems, and you can pick up the apt POS solution depending on the requirement and nature of your business.

 

Retail POS Software- This type of system includes label printing for items without UPC codes, employee commissions, scales of weighted items, ecommerce integrations to set up an online store, and product matrix along with item variants to support the different types of product sizes, colors, etc.

 

Restaurant POS software- This software should cover the receipt printer for attaining the physical check to the customer, ability to assign order types such as dine-in or takeout, online ordering, remote ticket printing, and custom table map.

 

Salon POS software- This type of solution requires online booking, calendar management, and memberships.

 

How to choose the best point of sale software?

 

The best pos software can simplify business operations and allow users to make informed business decisions. The user should consider the following crucial points to pick the best point of sale system for their business:

 

User-friendly – The point of sale software should be easy to use so that you can manage it comfortably without consulting the manual regularly or depending on the tech support all the time.

 

Hardware – The type and size of the business decide on the kind of hardware. The small retailers need a tablet, card reader, and cash box, while the more extensive operation prefers terminals, receipt printers, and barcode scanners.

 

Software – The user should study the options capabilities and costs to ensure that the point of sale app is the right fit for their business needs.

 

Integration – The POS solution should integrate appropriately with the tools, applications, and software that the user is already using. The POS system that integrates seamlessly with third-party vendors will prove to be the ideal choice for the users.

 

Automation – The POS system software should be able to automate processes and reduce manual inputs. From the logistics, it should be able to use the data. The point of sale system should hold the capability to update inventory and order information by supplying chain.

 

PCI Compliance – In small business, it becomes crucial to have the provision of payment security. The pos software should be in compliance with the data security standards, which is recognized by the Payment Card Industry (PCI). The users’ payment data should be safe-guarded with end-to-end encryption and data tokenization.

 

Support- POS solutions should provide 24/7 support through live chat, phone, and email.

 

Cost- Before finalizing the POS system, the user should consider the cost of it that includes the hardware and software price. Make sure that the terminals should align with the needs of the users. The user should also consider operating costs.

 

Features- The user should make sure that the POS system should have the core functionalities of inventory tracking, customer management, invoicing and billing, refunds and returns, employee scheduling, and data analytics.

 

When the user plans to purchase the POS system for their business, then he/she should ask a few questions to gain information about prospective POS provider, which in turn helps him to know about the POS Company:

 

➔     Is the company financially workable?

➔     Whether POS is the primary business of that company?

➔     How much experience does the company hold regarding your business industry type?

➔     Whether the company serves as a provider or reseller?

➔     How are the reviews of that particular company?

➔     What are their service parameters?

 

Why should businesses invest in POS software?

 

The businesses should invest in POS system due to the following reasons:

  • Saves time
  • Improved customer experience
  • Simplify sales from multiple locations
  • Better productivity through integrations
  • Gain access to customer purchase histories
  • Control of inventory
  • Manages Taxes

 

Latest trends in the POS system

 

The most recent trends in the POS system are as follows:

 

Cloud-Based technology - The cloud-based applications that integrate with the POS system is reducing the cost of the point of sale ownership.

 

Artificial Intelligence - Several companies are automating tasks and learn a customer’s journey through data and digital touchpoints by making use of AI in business applications.

 

Mobile payments - In business, mobile payment options have made the transactions more accessible and safer and can even improve customer service.

 

Data collection and analytics - The POS system collects customer details along with data and tax information. It checks employee productivity along with sales.

 

Rise of Bluetooth - On Bluetooth, the payment is fast and secure. The users don’t have to rely on WiFi. Even when the internet is slow or non-existent, they can work comfortably.

 

On-demand purchasing - The POS system allows on-demand purchases for the customers. They can purchase food or goods in advance with the help of store-specific payment apps.

 

Common POS Mistakes and how to shun them

 

While choosing a POS system, the users make a few common mistakes. Let’s discuss how to overcome the common mistakes:

 

Pay attention to price only

 

Mistake- The user can buy cheap and low-quality POS system software that lacks essential functionalities.

 

Remedy - To run a competitive business, they should spend more to buy a sophisticated POS system that offers essential and advanced features.

 

Ignoring the hidden costs

 

Mistake – Busy business owners may ignore the costs of training staff, maintenance of the system, and payment processing. It can result in more expenses than initially expected.

 

Remedy- The business owner should consider the factors related to migration costs, hardware and software, payment processing, maintenance, setup fees, and additional registers.

 

Missing the support system

 

Mistake- Without the support system, the user can face some technical issues that can waste precious time and results in disappointments.

 

Remedy- The knowledgeable and reliable support system provides technical aid to the users at the time of need.

 

Buying one size for all systems

 

Mistake- Every single type of business can’t take the one particular POS system software. The restaurant POS software does not work well with the retailer's needs.

 

Remedy- The user should choose the industry-specific POS system that helps in increasing the profit along with productivity. It offers a more substantial ROI (return on investment) rather than the generic POS system.

 

Restricting the customer payment option

 

Mistake – The POS system offering the limited payment options may turn away some customers from the products and services.

 

Remedy- More payment options should be given to the customers. The chip payment option will remove the fraudulent charges.

 

Best practices to keep the POS system secure

 

  • You can keep your POS system secure by following the essential points:
  • Make use of PCI (Payment Card Industry) compliant devices
  • Never connect the POS system to external networks
  • Set firewalls and anti-virus software
  • Limit access to the Internet
  • Prohibit remote access
  • Create strong passwords and often change it
  • Lockdown all the devices at the end of the workday
  • Appoint security experts

 

What is the average cost of a POS software?

 

The cost of the POS software depends on the business size, amount of features it offers, quality of elements, type of industry POS system is meant for, and potential for expansion.

 

The POS is made up of software along with hardware. The employees can make sales and inventory with the help of the software, and the hardware allows them to run on.

The users should also consider the POS payment processing fees along with the POS system's total costs. The POS hardware costs include tablets, monitors, card readers, receipt printers, barcode scanners, and self- service kiosks.

 

The cost of the point of sale systems software can start as low as $6 monthly (for example Odoo POS) and can reach as high as $1300 per month approximately (for instance HDPOS Smart)

 

The small businesses hold the basic features of the POS system, so their prices are more affordable rather than the large organizations that believe in investing in the plans that offer more advanced features.

 

Free and open source POS software solutions are the apt option for small and start-up businesses.

 

Why refer to GoodFirms’ list of the best point of sale (POS) software?

 

GoodFirms platform performs thorough research based on the latest market trends. Here you will get the curated list of best POS software accompanied by the authenticated reviews. By exploring this huge platform, you can gain the knowledge and understanding of the high-quality and accessible POS software available in the market. You can choose the best POS software for your business needs by going through the GoodFirms list on the point of sale systems.

 

Conclusive statement

 

Prioritize your business needs and then accordingly decide the best POS software system for your business. Before finalizing the POS product, make sure it fulfills your expectations, offers you the usability, and efficiently handles your workload.

The implementation of the high-performance POS system in your business will provide you better customer experience. Feel free to talk to the experts at GoodFirms or explore the third party vendors to gain more information on the POS software.

 

 

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