124 Softwares
POS Software

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.

124 Softwares
List of The Best POS System | Best Point of Sale Software
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List of The Best POS System | Best Point of Sale Software

Sapaad
51

Sapaad

Cloud-based Restaurant POS & Delivery Management System

Sapaad is a cloud-based restaurant POS & delivery management system. Great for small cafes to multi-chain restaurants, it supports walk-in, take-away, dine-in, home delivery, & online orders. Sapaad is user-friendly & device agnostic. Our affordable, pay-as-you-go pricing fits every budget. Inventory Management, Recipe Management, Menu Engineering, Call Center Management, LIVE Business Dashboar... read more

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14 Days
$58.99/Month
SalesVu POS
52

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

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15 Days
$15/Month
Clover
53

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.

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Epos Now
54

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.

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30 Days
$39/Month
IT Retail
55

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.

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N/A
$59/Month
AccuPOS
56

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.

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AmberPOS
57

AmberPOS

AmberPOS Point of Sale Software

Point of Sale Software and Retail Management Solutions for retailers in Canada and the United States. Best for retailers looking for a fully functional Point of Sale solution which includes Inventory Management, Customer/Vendor Management, Reports, eCommerce Integration and Multi-Store Capabilities.

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Copper POS
58

Copper POS

Easily sell, record and report.

Streamline the retail checkout process for your employees and customers. Copper is a point of sale (POS) computer software which provides a business with a cash register system. Use this cash register software to store product information and speed up the checkout process for your customers.

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N/A
$19.99/One-time
Epicor Eagle
59

Epicor Eagle

A fully integrated retail management system with built-in best practices

Epicor Eagle N Series retail management software delivers power and simplicity to your retail operations. Thousands of small to midsize businesses rely on Epicor solutions to improve efficiencies and grow revenue and profits.

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GiftLogic
60

GiftLogic

Simple, intuitive point of sale software with the flexibility to meet your needs

GiftLogic is a non-cloud point-of-sale and retail management platform for brick and mortar retailers. Accept payments, track customer, manage inventory, and run analytics for insights into business performance. GiftLogic is you easy to use solution to keep you organized and driving your retail business. Enjoy GiftLogic 2019 Pro for only $1295. Get started now!

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N/A
$995/One-time
MicroBiz
61

MicroBiz

Retail POS Software to Automate Your Store Operations

MicroBiz is easy-to-use retail automation software designed to automate manual tasks that can consume operations at independent retailers. Runs on iPads, Macs and PCs. Access your store system any time, any place. Updates included for free with subscription.

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21 Days
$55/Month
Nobly POS
62

Nobly POS

The #1 customer-rated iPad EPOS system on the market

Nobly POS is the #1 customer-rated EPOS system for hospitality and top choice for renowned coffee shops, delis, restaurants and chains. Merchants use Nobly POS to manage inventory & staff, gather business insights with 30+ powerful reports, set up loyalty schemes, take credit card payments, integrate with accounting software and more.

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Nova Point of Sale
63

Nova Point of Sale

The POS System You Need to Run Your Retail Business

Nova is a retail point of sale solution that aids owners and franchisees in managing and improving their business. Founded as a retail consulting company, Nova helps businesses develop and grow their enterprises with a suite of tools and features to help control every aspect of a business, either on-site or remotely. We help retailers grow from one location to dozens and from dozens to hundreds. A... read more

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10 Days
$89.99/Month
uAccept
64

uAccept

The world’s most affordable COMPLETE POS

The uAccept MB3000 is a complete, fully-integrated touch screen POS system that helps businesses save time and money. This innovative POS solution provides enterprise-class functionality including payment processing, text messaging, Bitcoin processing, customer loyalty programs, advanced analytics and more, all in one easy-to-use, cloud-connected device. What's more – uAccept comes with ALL the ... read more

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90 Days
$49/Month
HDPOS Smart
65

HDPOS Smart

HDPOS smart is a comprehensive POS software solution that will take care of all your business needs

Feature rich HDPOS smart and its variants appeal to all small and mid-sized businesses. It is the perfect solution for business owners who are looking for a single solution to manage their entire business. Our products also provide very high end features of analytical reports, business intelligence. And as if that was not enough, business owners can also create complex customized reports and data ... read more

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14 Days
$1300/Month
Torqus
66

Torqus

RESTAURANT POINT OF SALE

RESTAURANT POINT OF SALE software takes comprehensive care of all the front-end activities. It not only helps streamlining the billing process, but also enables evaluation and analysis of every branch by generating numerous reports.

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Passport POS
67

Passport POS

Passport Point-of-Sale: The proof is in the POS.

Gilbarco’s Passport Point of Sale System is the fuel and c-store industry’s fastest growing POS solution. Passport is designed to future-proof your business while giving you the lowest total cost of ownership. With industry-leading security and functionality, no POS system offers more runway to keep your business up and running longer.

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Advantage POS
68

Advantage POS

All-in-one pos software for theme park, FEC, waterpark, trampoline park or specialty attractions.

Advantage POS software makes it easy to manage POS, ticketing, party booking, liability waivers and more in one solution. Modernize the guest experience at your facility.

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iVend POS
69

iVend POS

A Point of Sale System Designed For the Way Retailers Work Today

iVend POS powers brick-and-mortar stores as a full service point of sale. Available on terminal and mobile devices, its multi-store, multi-user, eCommerce integrated, loyalty-ready capabilities make it easy to sell to your customers, and more importantly, keep them coming back. Customizable UI empowers you to reflect your retail brand consistently across all shopping channels.

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Future POS
70

Future POS

Future POS is a powerful pointofsale software solution.

Future POS is a top 5 point-of-sale software company based in Butler, PA that writes point-of-sale software designed for the hospitality industry. Our award winning software can be found in some of the most prestigious fine dining restaurants around the world, as well as local single unit restaurants, bars and nightclubs. Because Future POS is based on Microsoft SQL, it can run any size installati... read more

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IncoPOS
71

IncoPOS

Managing your store is now fun

Fast and reliable point of sale and inventory management software. 5 minutes setup Easy to use and configure Low system requirements Works on Windows, Linux, macOS and Android Cloud synchronization with up to 98 other locations! Real time free cloud backup Prices start from $99 per year per workstation Support multiple printers and Kitchen Displays One product for Front and Back Office One month f... read more

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Available
Free version
GOFRUGAL POS
72

GOFRUGAL POS

Simplified software solutions for Retail, Restaurant and Distribution businesses

GOFRUGAL offers end-to-end software solutions for a wide range of retail, restaurant and distribution businesses. Easy-to-use, intuitive solutions to manage all business operations and have complete control over any business, from single outlet to multiple. Mobile applications that make business management easier than ever before! With GOFRUGAL software and mobile applications, manage billing, or... read more

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14 Days
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Retailbean Lite
73

Retailbean Lite

Cloud POS, Ecommerce, Retail CRM

RetailbeanLite is simple and yet very powerful Omni Channel Retail Solution designed specifically for Small and Medium Retailers. Experience the power of cloud technology and improve your retail profitability by multi fold.

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14 Days
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Expodine
74

Expodine

Tablet-based Restaurant Management System

Expodine is a tablet-based restaurant management system for the food, beverage, and hospitality industry, designed to save time and increase your restaurant's revenue by making the process of restaurant management easier. It also helps to create repeat business and customer loyalty by building a stronger relationship with your guests and customers.

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30 Days
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easypos
75

easypos

Easy POS Retail

Easy POS Retail Point Of Sale system has been designed to maximize data entry efficiency by minimizing the number of keystrokes required to enter a sales transaction, with many time saving factors built into Easy POS Retail Point Of Sale.

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ePaisa POS
76

ePaisa POS

Pure Point of Sale

ePaisa - Point of Sale (POS) and Payments. OmniChannel Point of Sale ecosystem. OmniPayment acceptance for businesses of all size. Inventory, VAS, Loyalty, Marketing, Analytics & AI, Blockchain & more. ePaisa combines sophisticated machine learning with robust cloud computing to deliver the most user-friendly Point of Sale experience for multiple business types.

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TILL POS
77

TILL POS

POWERFUL RESTAURANT POS & MANAGEMENT SOFTWARE THAT DOES IT ALL

Till POS an easy cloud based software can be accessed anywhere anytime for your restaurant business. It can be accessed in Windows,Android,IPAD,Tablet, IOS and Mobile(works Offline too). Till Dashboard is a powerful back office management console which let you setup your account, Menu, inventory, customers, reports,Staffs. A POS App where you can manage your daily operations like Table Order manag... read more

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30 Days
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POSist
78

POSist

Cloud-Based Restaurant Management System

POSist is a SaaS based Restaurant management platform. It helps restaurant owners manage their single restaurants as well as chains. User friendly, no-training required user interface is a USP which saves high attrition restaurant industry from staff training time and cost incurred.

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N/A
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Shawman POS
79

Shawman POS

Restaurant POS System

Shawman POS is one of the most comprehensive solution of POS and restaurant management. It manages everything from reservations to settlement, offers ease-of-transactions and sophisticated management reporting in a manner that suits various operating styles of restaurants. POS works with industry standards of OPOS devices for touch screens, cash drawers, printers, etc.

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N/A
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REJAG POS
80

REJAG POS

Take your business to next level with Smart Point of Sale Software a perfect virtual partner

GST POS Software or Billing Software for retail shop is designed to handle time and billing, tracking as well as invoicing customers for services and products. GST Billing software can also track the hours spent by employees as well as expenses associated with projects or clients.

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Cozy POS
81

Cozy POS

An efficient POS

Cozy POS is excellent POS software applicable for retail industry. Point of Sale Software is well designed to manage the business more efficiently. Some of the key modules in the Point of Sale Software are Billing, Table Ordering, Take Away, Delivery ordering, Delivery tracking, Customer management, taking & managing orders as per order types, flexible menu management, Multiple Menu, Customizable ... read more

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POS Management
82

POS Management

POS Management empowers companies to manage their function of their business effectively.

POS Management empowers the growing companies to manage the major function of their business more effectively. The company’s fully integrated business management software, POS Management addresses the unique needs of the companies in the wholesale/ distribution and retail industries by allowing them to quickly manage and track their business operations online and offline from store front to the ... read more

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Ari Retail POS
83

Ari Retail POS

Retail POS Software

As a Retail Management Solution provider focused on targeting all the pain-points of retailers.. We help in simplifying the retail operations at all levels and bring all areas of the business together to provide a holistic view and strategic business decisions. To cater to the new demand and the challenges in the retail industry we empower the business in an easier way. We at Ari RMS always develo... read more

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30 Days
$49.00/Month
POSBytz
84

POSBytz

Your Smart POS Solution

PosBytz is your comprehensive platform to manage your Point of Sales. We offer a complete package to manage your business from setting your inventory to accounting & reports. PosBytz supports launching your POS using your Android Tablets and we also provide customized solution with Cash regsiter, printers,scanners and Cash drawers.

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Strawberry POS
85

Strawberry POS

More than a POS

Strawberry POS is an integrated software solution for a restaurant's POS, customer loyalty and inventory management to supercharge and scale your business. An umbrella software for restaurants that provides a host of services; Billing, Inventory Management, Reports, Analytics, CRM, Marketing, Loyalty & Staff Management. Strawberry POS helps supercharge your business while ensuring that you lower y... read more

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Simply POS
86

Simply POS

All-in-one Point of sale system

Simply POS is a Cloud based SaaS improving retail merchants efficiency by automating in-store daily tasks. We help retail business run smooth and simply with our cutting edge technology platform.

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14 Days
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Magestore POS
87

Magestore POS

A scalable & easy-to-customize POS System

Magestore Native Omnichannel Solution is a retail management system that streamlines separate sales channels to provide seamless shopping experiences anytime, anywhere, even in offline mode. Built native with Magento, our solution ensure a hassle free implementation! We are here to help transform your operations to easily track and manage orders, inventory, suppliers, and customers from a single v... read more

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POServe
88

POServe

Change the way you run your Restaurant

Having a companion like POServe that takes care of your restaurant‘s day-to-day operations is a brilliant idea. A smart POS software makes a big difference in the way you manage your restaurant. It greatly improves your efficiency and savs significant amount of your time.

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QueueBuster
89

QueueBuster

Point of sale now made easy!

QueueBuste is a powerful Mobile POS Solution for all kinds of businesses. From large format retail stores to small carts and kiosks, QueueBuster™ has all that you need to run your business like a breeze. Manage your Products, Inventory, Loyalty and CRM from a single location, anytime anywhere!

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14 Days
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Pure iPos
90

Pure iPos

Restaurant POS Software that’s designed to help you thrive

Pure iPos is built on a powerful and affordable cloud-based platform. Restaurants, cafes, nightclubs, and enterprise franchises nationwide are switching to us because Pure iPos is simply a better way to do business.

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FloristWare
91

FloristWare

Powerful, affordable and easy-to-use POS software for serious retail florists

FloristWare is flower shop software that increases sales while saving florists time and money. For over a decade FloristWare has been providing florists with the best in independent POS/CRM solutions. Our floral software helps florists takes back control of their business, avoid wire service entanglements and expenses, and increase sales and profits while saving them time and money.

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30 Days
$100/Month
ConnectPOS
92

ConnectPOS

Feature-rich and powerful POS system

ConnectPOS is the high-speed Magento Point of Sale for Omnichannel retailers. ConnectPOS captures in-store sales quickly and synchronizes data in real time between Magento and POS. ConnectPOS is equipped with many strong functions, including Split Tenders & Layaway, Refund & Exchange, Click-and-collect. It is also integrated with many payment methods (PayPal Here, iZettle, Payment Express, Tyro) a... read more

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Available
$49/Month
Joinet POS
93

Joinet POS

POS Billing System

The advance POS software takes care of all your inventory, billing for the item, cash collected (payment collected by cash and by credit card) and more. The bar-code helps in faster billing cycle. The final bill can be issued and the counter cashier can give the exact change as shown on the screen with the bill to the customer.

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ConnektPOS
94

ConnektPOS

Intelligent POS Software

Operate your store and sales through a portable tablet or a smartphone. Increase your Small Business or Retail Business profit by making your sales easy and fast with a Cloud-based Connekt POS Point of Sale Solution that goes beyond billing to offer features like inventory management, the mobile storefront, sending invoices to customers through SMS and analytics. And take your retail business to t... read more

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NextTotal
95

NextTotal

End to End Point of Sale Solution

NextTotal is a comprehensive solution for your retail stores with excellent inventory management. POS system ensures the availability of the right product to the right place at the right time with wastage of time. Now you can connect suppliers, and engage customers with online selling with convenience. Product promotion and price management becomes highly accessible with its streamlined operations... read more

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Alpha POS
96

Alpha POS

Alpha POS Easy to use, Customizable, Reliable POS

A software designed to handle the various complexities that come with running a successful hospitality business. Whether you’re the owner of a small café or a national chain, you need effective solutions that will allow all the facets of your business restaurant to keep running smoothly. When you can offer every customer a flawless experience, your restaurants reputation will improve.

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N/A
$65/Year
CORAL RETAIL POS
97

CORAL RETAIL POS

RETAIL POS SOFTWARE

Coral Retail with Realsoft provides the convenience of having multiple program feature sets in a single interface. This saves you money as you won’t have to buy all the different packages to perform a family of related tasks. Coral Retail POS software provides end-to-end automation of an organization’s sales cycle which comprises quotation processing, order processing to invoicing and delivery... read more

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POSitouch
98

POSitouch

POS Solution

POSitouch is the premier point of sale system for the hospitality industry. This scalable solution can be used as a reliable system for clients of various sizes, and has applications for table service, quick service, hotels, country clubs, delivery, stadiums and arenas, and more. The Windows-based, open architecture software is simple to maintain, expand, and use for daily operations. Designed by ... read more

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Calypso
99

Calypso

POS Solution

Calypso is a straight forward, easy-to-use point of sale system that is ideal for quick service, sports bars, night clubs, and yogurt shops. The Calypso system provides quick and flexible order routing to kitchen and bar areas, time management and payroll functions, barcode scanning, integrated TARE scales, and an available integrated DVS system.

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Dinerware
100

Dinerware

POS Solution

Dinerware is a powerful, streamlined point of sale system that features a simple user interface to provide a simple, cost-efficient system that offers insightful management, reporting, and usability features to keep all operations of your establishment running smoothly. The robust reporting platform allows you to instantly review your restaurant’s data to make educated decisions to further the f... read more

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Buyer’s Guide
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.
  • 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 to 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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