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You might not know what a PoS system would be. But each A PoS system is a combination of hardware and software that runs and manages a retail store. Along with processing retail transactions, it may handle inventory, staff members, customer loyalty programs, and process management, administrative, and advertising activities.
PoS stands for Point of Sale, where the transactions happen when the customers exchange cash for products and services. But nowadays, there are portable PoS systems also. Mobile PoS systems may operate on a variety of devices from desktops, tablets to laptops and cellular phones, converting any region of the shop a point of sale. The most common physical elements (hardware) of a PoS system consists of a PoS terminal, barcode scanner, electronic scale, PoS printer, credit card reader, and cash drawer. The software characteristics of a PoS system can differ depending on the complexity of every system.
PoS Terminals
PoS It is, in a sense, a cash register with special powers. These electronic cash registers have touch screens instead of the old style cash register’s buttons. Along with recording sales and printing receipts, it may do a lot more with the applications integrated into the terminal. You can link many devices such as barcode scanners, credit card readers, and cash drawers into the PoS terminal through Bluetooth or USB.
Bar Code Scanner
The retailers with massive stock use barcodes to accelerate their inventory management and checkout processes. A barcode scanner is an optional device that you can link to the PoS terminal. Most retailers are encouraged to buy them as it helps for a swift check out process.
Credit Card Reader
Sometimes this is referred to as a credit card terminal as well, and retailers utilize them to process credit card payments. These card readers may read the magstripe by swiping the card and scanning the chip in the card. The latest units can accept NFC (near-field communicating ) payments from cellular payment providers like ApplePay, GooglePay, etc..
Cash Drawer
Even Though most customers prefer to pay with credit/debit cards, many companies still require a cash register to support the consumers who pay in cash. These electronic cash drawers come in many sizes to help companies of different scales.
Integrated Payment Processing
PoS System can directly link to the relevant banks and process the card payments in-house. As there is no third party involved, this guarantees secure credit card payments.
Inventory Management
Sellers can easily keep track of the stock and maintain it with the help of this feature. With real-time stock monitoring, the merchants may organize, classify the purchases. At any particular time, they can check the status of the inventories using a PoS system.
Report Generation
The preset reports offer a wide selection of reports from sales, stock, workers. Retailers may have a realistic idea about the shares, performance of the shop, staff, and high-volume sales periods to make the business more efficient and generate additional profits. Most retailers have PoS printers linked to their PoS systems, which makes it convenient to print the reports which are helpful to analyze sales progress.
Staff Management
It enables to set unique degrees of access into this PoS system. The front-end personnel, back-office staff, and the management will have custom access. That way, the management may control the qualities and data available for your staff members. Additionally, this attribute can program work shifts, monitor working hours. In addition, it may assess the performance of the staff members, based on their respective work performance.
A PoS system can make a significant change in the way you run your retail business. You can make informed decisions and grow your business year after year.
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Telephone:
Main: (604) 435-0110
Cell: (604) 649-0647
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