Point of Sale software is being used in millions of retail and hospitality businesses who have thousands of different POS software to choose from. A right POS software will give the business a new level of control over operations; increasing efficiency, boosting profits, and will help it fine-tune its business model. The wrong system, however, can be a waste of money, time and a source of frustration.
The mistake retailers often make is to buy software that is not intended for their industry and this confusion mainly arises from the wide range of features available in thousands of software in the market. For example, a gift shop has much different needs than a car dealer and a liquor store doesn’t need the same software as a clothing store. So the same POS software will not be compatible to all of them. The differences in features and intended uses of a POS can have a huge impact on your business.
Organisations need to narrow their search to the specific industry and it will be well on its way to money well spent and a POS software system that makes your life easier and business more profitable.
Here are 7 common features to look into while buying a POS for any Small, Medium or Large Retail Business:
Features
- Fast checkout: A retail POS software should be able to simplify the checkout process. This means that it should not take the sales team’s much manual effort to complete a transaction. If there is still a manual process that the team has to go through, then the POS software needs a replacement.
- Inventory tracking: A POS should make the inventory management process effortless. One should be able to monitor all the critical information about the store from individual transactions to purchases. This will make the ordering from vendors easy & the inventory manager would not waste time calculating the re-order level.
- Customer Data: A good POS can help convert the data on customer’s profile into information. As a use case, it will let the purchase team know what products the customers buy more frequently and thus the team can place orders accordingly. The data can also help the customer relation team build an effective loyalty program, which can increase sales in the long term.
- Automated Purchasing Program: A good POS allows the business to have a streamlined process of connecting with suppliers. For example, if the retail outlet is running low on a critical product, with the help an Automated Purchasing Program, the POS can easily get connected with the suppliers in no time and place the order for the required quantity required quantity
- Capabilities for multiple location / Mobility: A good POS should also offer online access which helps you stay connected with the business from anywhere remotely. It is a convenient feature for franchises and business having more than one location.
- Payment Card Industry (PCI) Agreement: It is one of the most important features which can help the business build trust with its customers as it will protects customers’ credit card details. An organization may face legal issues if the POS does not have this feature.
- Reporting tools: Every Retail POS should have a reporting feature which is user friendly. It should store information such as product styles or models, weekly sales, monthly sales, annual sales and hourly transactions.
These 7 features are essential for any POS software and ensuring the above feature will increase effectiveness and efficiency of any Retail or Super-Market.
Here are some softwares that you find useful:
- Elite POS by Accusol Technologies Pvt. Ltd for Restaurants.
- Flexi POS by eRetail Cybertech Pvt.Ltd for Chain stores, Franchise stores, Supermarkets, Hypermarkets
- TruePOS by GoFrugal Technologies a cloud based solution for Retail & Restaurant Businesses.
- Hdpos Retail SHOP by HyperDrive Infotech Pvt. Ltd for Retail Stores.
- Marg Counter by Marg Compusoft Pvt. Ltd for Retail Chains.
- Pact POS by Pact Software Services Pvt. Ltd for Retail Management.
- Palak soft POS PalakSoft Technologies for Retail General Stores.
- POSist by Posist Technologies a could based POS for Restaurants.
- Touche POS by Prologic first for Retail operations, bar or pub, food court, and cafeteria.
- Fusion Retailing by Rance Lab for Restaurants, Footware, Apparel, Spa & Salon San.
- Retail POS by San Software Global Private Ltd for Retail Billing Softwares.
To find POS with these features you can visit our the Point of Sale page on SotfwareSuggest.com
With Inputs from Sarthak Malani, at SoftwareSuggest.com
We’ve been using Livepos for a couple of years now. They have amazing features that helps my business to grow.
I like livepos real-time inventory management. Their features are very satisfying and helpful to us.
Livepos has been part of my business since day one. It helps me run my business successfully.
I’ve been using livepos for a couple of years now. It has all the necessary features that my business needs. Very reliable.
Livepos real-time inventory is the best for me! It’s very helpful in running my business.
Livepos is my point of sale and each feature are helpful in my business to grow.
I use livepos in my store and it has amazing features that are compatible in my store. I like their support, they are friendly and reliable.
Livepos is a big help in running my franchise. They provide features that are very helpful in our everyday transactions.
ChronitoPOS is a cloud-based, budget-friendly GST ready POS software. It offers iPad POS, Android POS & Desktop restaurant POS Software. It comprises of several conventional and unique attributes. It is a simple and affordable POS system which only focuses on the unique needs of the restaurant.
The detailed report of livepos is one of the best features they have. I also like their real-time inventory, it helped a lot for me.
Livepos is the best for me, their detailed report and real-time inventory is amazing!
I also use livepos and it is very reliable. It helped a lot in my business, it makes a big difference for me.
Livepos features are the best, it is compatible with my retail store and helped a lot in our everyday transactions.
I’ve been using livepos in my retail store and their features are the best for me. It’s easy to use and very reliable.
The pos we use in our store is livepos. Their features are helpful for us, it makes our work easy.
I use Livepos at my phone repair shop. I cannot live without their work order/ticket system. It keeps my employees organized. This system is very helpful for me.
Livepos is our pos for years now. The features they provide are compatible with my store. It’s very helpful in our everyday operations.
We’ve been using livepos in our store for more than a year now. It has been a great point of sale for me, it helped a lot in running my business.
I’ve been using livepos and their features are great in my store. This help to make every transaction easily done.
Livepos is really a great pos system. The features they provide in my store are very useful in our everyday operations.
Some POS service charge for updating price or setting up. POS is very useful to everyone mostly for small businesses. People choose HDPOS for them which provides satisfying service.
I’ve been using livepos in my multi-location stores and their features are the best for me. The features helped a lot in running my business.
There are many point of sale out there but I choose to use livepos in my multiple location stores Livepos is a great pos system, I’ve been using it for a couple of years now.
I use livepos in my multi-stores for a couple of years now. The features are great, very helpful for my everyday operations.