A Point-of-Sale or POS system is the place your customers make payments for the products or services your business offers. It is the digital cash register of your business. Additionally, a POS system makes it easy for you to accept and keep track of sales in your business.
A POS system is straightforward to use; all you need is to install a POS app and have an internet-enabled device. Then, when the customer decides what they want to purchase, the POS system calculates the item or product cost, your customer pays, and voila, the transaction is finalized. When you have a top-notch POS system in your business, the checkout process will be so seamless and thus, increase customer satisfaction.
Top six POS systems for your business
POS systems have been making a massive difference in the world’s payment system. Because of this, there are numerous POS systems in the digital world, but they have different levels of business efficiency.
1. Lightspeed
Lightspeed is a one-stop cloud-based Point-of-Sale system that makes complex processes simple. Also, it is a commerce platform for retail, hospitality, and golf merchants all around the world.
If you manage multiple systems, Lightspeed helps you bring them together for easier management. Additionally, this system allows you to access multiple revenue streams all in one place.
This POS system provides your business with intuitive and modern tools. Also, with Lightspeed, you get regular software updates to ensure you get superior features.
Furthermore, Lightspeed has a POS systems guide to provide clarification and guidance on all things related to POS systems. For instance, this guide explains what a cloud-based POS is, why you need a POS system and the significant features of a POS system.
2. Shopify
Shopify is one of the most reliable platforms on which you can build your business. Over a million of the successful brands in the world today trust Shopify for their selling, shipping, and processing of payments.
This software supplies you with tools to help you find customers, drive sales, and manage your business daily. Additionally, you can turn your retail store into an online store and keep serving your customers without any disturbances.
Shopify goes with you wherever your business goes. So you can sell your products to anyone, at any time, and anywhere.
3. Square
Square POS system is much more than a Point-of-Sale system in that it offers much more features and services to move your business forward. This platform makes it possible for you to start selling your products wherever your customers are.
With Square, you can sell in person, online, over the phone, etc. Furthermore, it is free and easy to use; you do not need any prior training before using this POS system.
In just a few taps, you can accept payments, pay team members, and sell anywhere. Square gives you the necessary tools to shape the future of your business how you like.
4. Intuit QuickBooks
Intuit QuickBooks offers a new Point-of-Sale on Desktop, which brings more services and features to the users. This system is specially built for your retail business, both online and in-store.
QuickBooks gives you ecommerce integration, contactless payments, multichannel inventory management, and much more. Also, this POS system accepts all payment types such as contactless, gift cards, mobile, etc.
The ecommerce integration feature allows you to manage all your business in one place. Furthermore, the new hardware has maximum power and minimum space. It is also available in more colors and sleeker designs to aid the checkout process.
5. Vend
Vend lets you optimize your retail operations easily. Even though running a retail business across multiple outlets is challenging, Vend helps your business increase efficiency and profitability.
This POS system has a user-friendly interface that is fast to use and easier to learn. Also, Vend POS works effortlessly with existing or new hardware. Additionally, all your business’ data is synced to the cloud, making it accessible anywhere.
Vend POS system gives you the ability to accept all the possible ways your customers want to pay you. You can also be sure of a secure and seamless checkout experience for your customers.
6. TouchBistro
TouchBistro is an all-in-one restaurant management system with all the technology you need to run your restaurant. This platform lets you increase your sales while, at the same time, saving money and time.
TouchBistro ensures you provide order accuracy, reduce wait times, and serve customers efficiently wherever and however they’re ordering. This means you will deliver an outstanding experience to your customers.
TouchBistro’s Point-of-Sale system allows you to create menus with specific items tailored to the particular time of the day. You can also customize your POS with whatever add-on products you want.
7. Takepayments
Take Payments are made up of market-leading experts who offer a range of payment solutions, helping businesses to improve their customer experience and payment efficiency. More recently, Take Payments have started to support businesses with the launch of online sales by offering website build services.Take Payments know there is never ‘one-size-fits-all’,
So, whether your business requires a POS system, online payment systems, or one of the various card payment readers they have to offer, their range of experts will guide you through selecting the most appropriate solution that works for you.
Benefits of using POS systems in your business
Using a POS system in your business attracts a lot of benefits. So, if you are still uncertain about why you should get one for your business, these are the top benefits of using POS systems in your business.
1. Quick Payments
One of the most notable benefits of using a POS system is that it allows your customers to make payments faster. For example, after your customer selects the product they want to buy, the system automatically calculates the price of the item.
Also, POS systems allow customers to pay by cash, credit, or debit card. It then becomes easy for them to complete the transaction.
2. Better customer experience
With benefits like numerous payment channels, faster response to customers, multiple payment channels, etc., you can be sure that your customers will enjoy a wonderful experience with you. This will, in turn, increase your customer satisfaction and loyalty.
3. Simple invoicing
Point-of-Sale systems make it easy for you to record and group all your invoices. However, because there are several categories of invoices to record, it might be challenging to keep track of them all. But with a POS system, you can manage and easily distinguish these invoices.
4. Saves time
Imagine having to calculate every customers’ orders manually. This will take a lot of time and negatively affect the overall customer experience. However, POS systems cut down on this time consumption by automatically calculating the orders in a matter of seconds.
5. Reduced errors
Human beings are bound to make errors, which can significantly hurt your business. But because POS systems are electronic, they make little to no mistakes when carrying out sales, calculations, customer management, invoice creation, etc.
Things to look for in a POS system
Sometimes, you should sit back and imagine how life must have been before technology came into being. For instance, an innovation like the POS system makes it easier for businesses to flow and move effortlessly.
There are many POS systems out there, but this article has highlighted the best of the best. The article even goes further to give tips on selecting the best POS system for your business. You can be confident that transaction hassles will become a thing of the past with these POS systems.
1. Flexible payment options
Your chosen POS system should allow you to take payment from your customers in whatever form it may be. Long gone are the days when people pay through cash only. Now, we have credit cards, gift cards, cryptocurrencies, etc. Your POS system should accommodate all these options.
2. Excellent customer relationship management
A sound retail POS system should have the CRM ability you need to build solid and long-lasting relationships with your customers. Also, it should be able to capture the necessary customer information. This would let you create customer profiles and sync customer sales.
3. Employee management capability
The POS system you choose should help you manage your employees very without difficulty. A POS system that helps you manage your staff while also managing sales will reduce your administrative burden. It should also give you insights into your staff’s performance.
4. Smart inventory management
It does not matter how many products you have in your store; your POS system needs a top-notch inventory management function. This is because it will help you keep track of all your products. It should organize your products by category, manage stock, create and send purchase orders, and many more.
Conclusion
Sometimes, you should sit back and imagine how life must have been before technology came into being. For instance, an innovation like the POS system makes it easier for businesses to flow and move effortlessly.
There are many POS systems out there, but this article has highlighted the best of the best. The article even goes further to give tips on selecting the best POS system for your business. You can be confident that transaction hassles will become a thing of the past with these POS systems.
More must-read stories from Enterprise League:
- Learn how to reduce expenses in your business.
- Level up your business with these 20 entrepreneurial apps.
- Find out why is competition good for business.
- Staying one step ahead of competition by predicting future trends is a key to success.
- Learn about the main supply chain challenges and how to resolve them today.
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