Everything you need to know about Point Of Sales (POS) Systems

Everything you need to know about Point Of Sales (POS) Systems

Operating a retail store efficiently takes a great number of resources and time. In order to ensure
smooth functioning of the retail store, it is necessary to invest in a coherent Point Of Sales System to
manage the administrative, operational and marketing tasks effectively.
Let’s look at what a Point Of Sales system actually is.
What is a Point Of Sales System?
Point Of Sales System is a place where a customer makes a payment for the goods or services he
purchased/availed at your retail store or restaurant. In other words, if a customer makes a purchase
at your store, it means he is completing a point of the sale transaction.

Point of sales system serves as a central repository of data obtained from the customer’s
transaction. This data contains the date and time of transaction, total number of items and price of
each item purchased, total order amount and also information about the payment processing
method.
This data can further be used to compute total sales, inventory and customer management.
According to a study, it’s been found that 56% of the small business owners have still not resorted
to using POS as a means of operation to regulate their business processes. They are still using the
conventional methods of bookkeeping, cash registers or excel worksheets to maintain transaction
history.

Benefits of using a POS system
Efficient
POS systems are more effective than conventional cash registers. Using a bar-code reader, POS
systems can fetch the product details within seconds.
Easy of use
POS systems offer intuitive user interface which is comparatively easy to use and learn. With touchscreen
display, it becomes easier to navigate across the screen.

Offers Expanded payment capabilities
Restaurant POS Systems readily accepts different modes of payment processing, debit cards, credit
cards, mobile wallets, etc. This enables to generate greater revenue and thus ensure complete
customer satisfaction.
Accuracy
POS is quite accurate in terms of entering the data thus minimizing the risk of manual errors.
Inventory Management
Retail POS systems facilitate inventory management by giving insights into the real-time inventory
data and enables you to reorder stock as soon as it is required.

Hardware Components of a POS system
Hardware components of a POS system include:
✓ Monitor/Tablet
✓ Barcode scanner
✓ Card Reader
✓ Receipt Printer
✓ Cash Drawer
One Source POS Inc. offer POS systems for retail and restaurants to ensure your business processes
are streamlined to achieve desired business growth.

Contact Us Today For A Free Initial Consultation
One Source pos, Inc.
Address: One Source pos, Inc., 7223 W. Laraway Rd. Frankfort, IL 60423
Telephone: 800-553-1780
Website: https://www.onesourcepos.com/