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POS System or Point of Sale

A POS system, or point of sale, is a combination of hardware and software built to centralize business operations. It manages the transactions for your business, including credit card processing, and the post-transaction operations that lead to customer fulfillment, whether in a retail or restaurant setting.

Features

Inventory tracking

This is useful if you have storage facilities or multiple branches since a POS system inform you if you have enough stocks in your store or other branches, and if more stocks are needed.

Sales reporting and analytics

This feature allows you to capture and analyze vital data on product sales as well as revenue rates and ROI. You can determine which products need more marketing efforts, or craft better sales boosting strategies.

Customer management

POS systems store and maintain customer’s full purchase history that you can access on your dashboard. You can access customer information anytime and gauge who among them are your most valuable customers.

Employee management

This allows you to efficiently manage your employees’ time and optimize productivity by keeping track of when and what your employees are working on.

Mobile access

Cloud platforms allow you to access your sales data anytime from any location using web-connected mobile devices, giving you and your business much flexibility.

Integration capability

The POS system must be capable of smoothly integrate with other business systems and apps you use such as accounting software or e-commerce solutions so that you can manage other tasks and processes from within your system. It should also integrate with your existing hardware components.

Benefits