POS software varies in complexity, depending on what kind of business you have, the size of your business, and your business needs.

While traditional cash registers’ have limited automated functions and rely more on manual updates of records, POS software provides a wide range of features that streamline the whole process from checking the prices, calculating the total cost, recording the amount received, the mode of payment used, updating inventory, to generating sales reports and analytics, and more.Ī good POS software gives you a quick lookup on your KPIs like sales, loyalty deals, invoices and web visits.

Although transactions at this point appear to be quick and straightforward, many things happen behind the cash register and online carts that POS is solely responsible for.Īll stores have one thing in common–they all have checkout counters where the most important transaction takes place–the actual selling and payment for products and services purchased. Also called Point-of-Service, POS, is also responsible for processing returns and refund requests from customers. POS or Point of Sale is a robust system designed to facilitate the transaction completion for ecommerce and brick-and-mortar businesses. In this article, we will look into what point of sale software is, how its function has gone beyond processing payments, and the vital role it plays in scaling your business. Nowadays, more and more businesses, even the small ones, are recognizing the need for change not only to keep their business running but to keep it running smoothly and efficiently with the help of more advanced point of sale technology. Outdated cash registers may be prone to malfunctions and cause delays in processing payments–something an impatient customer will not be too happy about. The lack of efficient sales and inventory tracking can also increase the risk of lost items that can either just be misplaced, or worse, stolen. Today’s younger pool of consumers prefers speed and convenience, such as online order options and cashless payments–something World War-era hardware stores might not be able to keep up with. While some of these businesses are stuck in a by-gone era, their growing number of potential customers might not be. Amidst the industrial and technological developments over the years, age-old traditions and preservation of family heritage keep old business establishments going with their traditional ways. Mom and pop stores bring back childhood memories old neighborhood restaurants and pastry and ice cream shops can make anyone feel nostalgic.

Free point of sale software