We cannot think of a business without a POS (Point of sale) today. Why so? Because of the modern day’s online inventory management to the payment transaction, POS is vital to a successful business. According to a recent survey, 68% of today’s businesses rely on POS for successful business implementation and transaction.

Today’s Point of Sale system does more than just handle payment. For example, Intuition Systems IVEPOS POS offers 100+ features for business management including billing, payment, inventory management, employee management, customer and vendor management, etc.

best POS (Point of Sale)

There are many other POS available in the market. Thus, we need to be selective to choose from such wide options. In this article, we are going to explain the major points about POS and what things we need to consider while choosing a POS. To understand this let’s divide the topic into different sections. It will help you decide the one you need to implement for your business.

  • What is POS and why do we need it?

  • The right POS for your requirement

  • Major things to look into a POS

  • Some of the best POS in the market

What is POS and why do we need it?

POS or Point of Sale is simply the hub of sales, customer management, and transactions. It simplifies and unifies sales with the help of modern days technology and cloud-based services. It has become critical for a business to engage, interact and manage your store and improve productivity.

POS allows you to accept the payment which customers prefer. So, it’s easy to use and boosts their shopping experience. Additionally, POS offers great customer insight including their habit and purchase patterns. This helps you to promote your business the way your customer wants.

The right POS for your requirement

Now that you have a basic idea about the Point of Sale (POS), you need to take into consideration your requirement first. It includes various things like the objective of your business, the state of your business, what is your business struggle, etc.

You can consider different POS for different requirements. For example, if you are just getting started then you can choose a POS that is simple to use and build your new customers. If you are a medium or large enterprise that is upgrading from the cash register, you can check out the one which can keep an eye on your balance sheet and match the single penny.

Major things to look into a POS

When we talk about POS, most of the things we want to manage are listed below:

  • Accounting
  • Employee management
  • Inventory management
  • Customer and business analysis
  • Easy process and payment handling
  • Software and hardware integration
  • Automation
  • Low cost
  • Features like invoice and billing, Data analytics
  • The payment Card Industry (PCI) comply
  • Support

Some of the best POS in the market

The market is competitive and position gets changed, but what remains constant is the one who meets the pace with ever-changing demand. After analyzing the overall point, we can consider some of the top players in the market which are Square POS, Shopify, IVEPOS, Vend, etc.

 

Though each software is a brand on its own; we recommend you to go through their website and read the full specification and terms before you subscribe to the one.