What is a POS System?
It is a payment system that enables in-person financial transactions by ringing up sales. In addition, POS systems of today have advanced functionality like integration with E-commerce, contactless payments, mobile, and reporting and analytics. POS management system also helps to track and monitor things like inventory, payments processing, and customer management – making it the hub of their business ops. Industry reports predict that by 2017, the POS software market is likely to cross $18 billion.
Features of POS System:
1. Ringing up Sales
This is the basic function of a POS system. This includes a monitor that allows check-out employees to as products and generate the sales bill. By connecting with the payment processor, it accepts payments through credit or debit cards, mobile wallets, etc.
2. Inventory Management
Now you have POS software with inventory management functionality. Modern point of sale solutions can record and track the movement of inventory. Whenever a sale is made, it is immediately reflected in the inventory level, thanks to the update performed by your POS system. The POS technology helps in monitoring sales, returns, and replenishing stocks as well.
3. Tracking Business Financials
You can also integrate your POS solution with your existing accounting systems, simplifying your tax preparation requirements to a great extent.
4. Reporting and Analytics
Many modern POS systems allow you to monitor your most valuable customers, your sales, and product performance thanks to the inbuilt reports and analytics functionality. It helps you make improved, data-driven decisions in the business
Best Pos software in Dubai
CloudMesoft provides the ideal situation to increase business volume. Restaurants and retail outlets with single or multiple branches can enhance their output using our software. We offer you Best Pos software in Dubai, UAE, Saudi Arabia, Oman, Bahrain, etc. If you want to know more about our services, please call us at 04334 4030 or email us at info @ cloudmesoft.com.
Small and large businesses require point-of-sale (POS) systems to complete sales transactions.
It is the point where a customer makes the payment for goods or services.
It saves timeSpeed up the checkout process – Scan it and bag it.
Every item with a barcode can be easily scanned and tagged.
Just carry an iPad or iPhone enabled POS system with a credit card reader and you’re ready to go.Speed up Inventory management – With a built-in inventory and barcode scanning system, you won’t have to rifle through many options when ringing up a sale.
It’s automatically deducted from your current inventory, so you won’t have to manually do it.Faster payroll processing – The system will automatically compute payroll and can even print out a pay slip for your employees.
