Last Reviewed: November 11th, 2024

Best POS Software Of 2024

What is POS Software?

Point-of-sale (POS) software is the digital backbone of modern businesses, replacing traditional cash registers with robust tools. Its core purpose is streamlining sales and enhancing business operations. POS solves fundamental problems like manual transaction processing, inefficient inventory management, and limited data insights. Its importance lies in boosting operational efficiency, improving customer experience, and providing valuable business intelligence. Key functionalities include product browsing, cart management, payment processing, inventory tracking, and sales reporting. Emerging features involve loyalty programs, omnichannel integration, and AI-powered analytics. Retailers, restaurants, and service providers benefit most, gaining control over finances, optimizing stock levels, and making informed decisions. Notable limitations include upfront costs, potential technology disruption, and dependence on reliable internet connectivity. Overall, POS software empowers businesses with actionable data, streamlined operations, and a competitive edge, making it a valuable investment for diverse industries.

What Are The Key Benefits of POS Software?

  • Faster checkouts
  • Accurate inventory control
  • Data-driven sales insights
  • Simplified employee management
  • Enhanced customer experience
  • Reduced manual tasks
  • Improved security & compliance
  • Boosted operational efficiency
  • Scalability for future growth
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Our Research Analysts evaluated 324 solutions and determined the following solutions are the best POS Software overall:

Overall

  • 92 Square POS
    Best Overall, Compliance and Security, Customer and Loyalty Management
  • 87 Shopify POS
    Best for Compliance and Security
  • 86 Lightspeed
    Best for Types of POS
  • 82 Erply
    Best for Payment Transactions and Cash Management, Types of POS
  • 80 NCR Silver
    Best for Types of POS
  • 79 Toast
    Best for Customer and Loyalty Management, POS Hardware
  • 77 Hike POS
    Best for Customer and Loyalty Management
  • 77 KORONA POS
    Best for Inventory Management
  • 76 Epos Now
    Best for Items and Service Management
  • 76 MICROS
Square POS  Award
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Why We Picked Square POS

Square POS shines for its ease of use and affordability for small businesses, especially those starting out. Users praise its intuitive interface, seamless setup, and mobile accessibility, making it a breeze to ring up customers and manage basic sales. It also integrates well with popular tools like email marketing and accounting software, offering a centralized platform for managing various aspects of their business. However, Square's appeal wanes as businesses grow. Users lament its limited reporting and inventory management features, lacking the depth and customization offered by competitors like Shopify POS or Clover. Square's higher transaction fees for larger volumes also become a drawback compared to options like Stripe, which offer lower rates based on monthly transaction volume. Furthermore, Square's customer support receives mixed reviews. While some appreciate its responsiveness, others face frustrating wait times and limited communication channels, especially compared to the dedicated phone and live chat support offered by competitors. Overall, Square POS is a strong contender for solopreneurs and micro-businesses seeking a user-friendly and affordable POS solution. However, its limitations become apparent as businesses scale, pushing them towards more robust and feature-rich platforms. The choice ultimately boils down to prioritizing ease of use and affordability in the early stages versus scalability and advanced features as a business grows.

Pros & Cons

  • User-Friendly: 96% of users who reviewed this element said the software is flexible and mobile with a clean user interface.
  • Economical: According to 70% of users who mentioned this aspect, the pricing is fair and competitive.
  • Card Payments: 80% of users who reviewed payments said the platform is useful for processing cashless transactions with cards and sending invoices.
  • Invoicing: Regarding this feature, 95% of users said it’s easy to create, add and send invoices to clients.
  • Costly for high-volume transactions: The per-transaction fees become significant as your business grows, pushing Square beyond cost-effective for many merchants.
  • Limited reporting and inventory: Users find Square's reports lack depth and flexibility, making detailed sales analysis and inventory management challenging.
  • Unreliable customer support: Users report difficulty reaching support, long wait times, and frustrating email-only communication, leaving them feeling helpless when issues arise.
  • Account holddowns and closures: Square's automated fraud detection can lead to sudden account freezes and closures, causing business disruptions and difficulties resolving the issue.
  • Clunky hardware: Some users find the Square hardware, particularly the chip reader, clunky and frustrating to use, impacting checkout workflow and customer experience.

Key Features

  • Intuitive Register Interface: Easy-to-use touch-screen interface with customizable menu items, modifiers, and employee permissions.
  • Payment Processing: Accept all major credit cards, debit cards, contactless payments, gift cards, and cash.
  • Inventory Management: Track stock levels, set low-stock alerts, and generate purchase orders.
  • Employee Management: Track employee hours, create schedules, and manage payroll.
  • Customer Relationship Management (CRM): Store customer information, track purchase history, and send targeted marketing campaigns.
  • Sales Reporting: Generate reports on sales, inventory, employee performance, and customer behavior.
  • Mobile App: Access Square POS from your smartphone or tablet to process payments, manage inventory, and view reports on the go.
  • Online Ordering: Allow customers to order and pay online for pickup or delivery.
  • Loyalty Program: Reward customers for repeat business with points, discounts, and special offers.
  • Gift Cards: Sell physical and digital gift cards to boost sales and customer loyalty.
  • Integrations: Connect Square POS with other business tools, such as accounting software, payroll providers, and email marketing platforms.
Shopify POS  Award
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$29
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Why We Picked Shopify POS

Shopify POS emerges from user reviews as a user-friendly and reliable option for basic POS needs. Its tight integration with the Shopify ecommerce platform syncs inventory and customer data seamlessly, saving time and streamlining operations. Users particularly appreciate the mobile app flexibility for pop-up shops and on-the-go sales, a feature lacking in some competitors like Square. However, Shopify POS's limited free tier and transaction fees for non-Shopify payments might deter smaller businesses. While praised for its ease of use, Shopify POS can feel restrictive for advanced features like gift cards and discounts, requiring more technical know-how compared to Square's intuitive setup. Additionally, while offering themes, Shopify's customization options might not satisfy businesses seeking a truly unique storefront aesthetic, especially when compared to Wix's design freedom. Overall, Shopify POS shines for its user-friendliness, ecommerce integration, and mobile flexibility. However, its pricing structure and learning curve for advanced features might push smaller businesses or those with specific industry needs towards competitors like Square or Wix. Ultimately, the choice depends on individual priorities and business size.

Pros & Cons

  • Simplified Inventory Management: Shopify POS automatically tracks inventory levels, reducing manual updates and preventing overselling. Users reported a 40% decrease in time spent on inventory reconciliation thanks to this feature.
  • Seamless Payment Processing: Accept a wide range of payment methods, including credit cards, debit cards, and popular digital wallets, for faster checkouts. This flexibility helps reduce abandoned carts and boosts customer satisfaction.
  • Mobile POS Flexibility: Manage your store from anywhere with the mobile app, ideal for pop-up shops or on-the-go sales. This allows for greater business agility and caters to diverse sales environments.
  • Valuable Sales Insights: Generate detailed reports on sales, product performance, and staff activity to make data-driven decisions. Users highlighted the ability to track individual staff performance as particularly helpful for sales training and staff motivation.
  • Easy Customer Management: Create customer profiles, track purchase history, and offer targeted promotions for improved customer loyalty. This personalization fosters stronger customer relationships and repeat business.
  • Limited Free Tier Options: Access to basic POS features requires at least the Basic Shopify plan, which may not be budget-friendly for small businesses with low transaction volume.
  • Transaction Fees for Non-Shopify Payments: Using third-party payment processors alongside Shopify POS incurs additional transaction fees, potentially outweighing the benefits for low-volume merchants.
  • Learning Curve for Advanced Features: While basic functionality is user-friendly, unlocking advanced features like gift cards or discounts can require extensive setup and troubleshooting, especially for non-technical users.
  • Limited Customization Options: While themes offer some customization, heavily branded businesses may find the Shopify interface lacks flexibility for achieving a truly unique storefront aesthetic.
  • Integration Challenges with Specific Industries: While Shopify integrates with many apps, businesses with specific needs like restaurants or salons may experience limitations or require additional paid integrations.

Key Features

  • Online Inventory: Sell products online from a scalable, fully-featured eCommerce website. Generate purchase orders, categorize products, adjust stocks, transfer inventory, accept returns, process exchanges and access updated information across stores instantly. 
  • Reporting: Use daily reports based on in-store and online business data on a single dashboard. Gain actionable insights into total orders, customer buying patterns, staff performance, inventory sales, returns, taxes, payments and more to make strategic decisions. 
  • Payments: Track credit and debit card payments, accept multiple payment types for a single transaction, sell gift cards, create custom payment options and integrate with third-party payment providers. 
  • Customizations: Responsive and customizable templates are available for the website with varied layouts, colors, fonts, content and more. 
  • Smooth Checkouts: Provide rebates, BOGO discounts, gift card redemption and other offers at the time of checkout using the smart grid that adapts to actions in the cart and avoids manual calculations. Add taxes, create discount codes, set prices and more for a quick checkout experience. 
  • Staff Management: Track staff performance, assign unique PINs, add new employees, attribute commissions, define job functions, send approvals and grant control permission with on-the-go labor management tools. 
  • Marketing: Boost customer retention and improve sales with robust marketing strategies. Use innovative collections to automatically sort products, start Google Ads campaigns, send customer-specific emails, offer exclusive promotions, optimize campaigns and more. 
Lightspeed  Award
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Why We Picked Lightspeed

Lightspeed POS, a cloud-based solution catering to retail, hospitality, and service industries, garners mixed reviews from users. While lauded for its user-friendly interface, robust features, omnichannel capabilities, and seamless integrations, some find its pricing complex, offline functionality limited, and specific functionalities lacking.

Strengths that shine: Users consistently praise Lightspeed's intuitive interface, making it easy for both tech-savvy and less-experienced individuals to navigate. The vast feature set, encompassing inventory management, reporting, customer relationship management, and employee tools, caters to diverse business needs. Integrations with popular software like QuickBooks and Shopify streamline operations and data exchange. Notably, Lightspeed excels in omnichannel management, allowing businesses to manage online and physical stores seamlessly, a crucial strength in today's retail landscape.

Weaknesses to consider: The pricing structure, with tiered plans and additional fees for features like offline functionality, can be confusing for some users. The lack of true offline functionality can be a dealbreaker for businesses with unreliable internet or operating in remote areas. While the feature set is comprehensive, some users report limitations in specific areas like advanced inventory management, which might necessitate workarounds or third-party integrations.

Standing out from the crowd: Compared to competitors like Square POS and Shopify POS, Lightspeed offers a wider range of features and caters to more complex business needs. However, these strengths come at a higher price point. Ultimately, the choice between Lightspeed and its competitors boils down to individual business requirements and budget constraints.

In conclusion, Lightspeed POS is a feature-rich solution with a user-friendly interface, but its pricing structure and lack of true offline functionality can be drawbacks. If you prioritize omnichannel capabilities, extensive integrations, and a robust feature set, Lightspeed is worth considering. However, carefully evaluate your needs and budget against potential limitations before making a decision.

Pros & Cons

  • User-Friendly Interface: Users consistently praise Lightspeed's intuitive interface, making it easy to navigate and perform tasks efficiently, even with limited technical experience.
  • Robust Features: Lightspeed offers an extensive suite of features, addressing various business needs, including inventory management, sales reporting, customer relationship management, employee management, and omnichannel capabilities.
  • Integrations: The system integrates seamlessly with a wide range of popular third-party software, such as accounting, marketing, and e-commerce platforms, streamlining workflows and data exchange.
  • Omnichannel Functionality: Lightspeed excels in managing both online and in-store sales channels effectively, providing a unified experience for customers and streamlining operations across multiple touchpoints.
  • Reporting and Analytics: Users appreciate the comprehensive reporting tools that offer insights into sales trends, customer behavior, inventory levels, and employee performance, enabling data-driven decision-making.
  • Customer Support: Lightspeed offers multiple support channels, including phone, email, and online resources, with generally helpful and knowledgeable agents, providing assistance when needed.
  • Pricing Structure: Some users find the tiered pricing plans and add-on fees confusing, making it difficult to calculate accurate costs upfront.
  • Limited Offline Functionality: Reliance on an internet connection can be problematic for businesses with unreliable internet or those operating in remote areas.
  • Inventory Management Issues: Some users have reported challenges with inventory tracking accuracy, slow syncing across multiple locations, and a lack of advanced inventory features.
  • Customer Support Wait Times: While generally helpful, customer support can experience longer wait times during peak periods, leading to potential delays in resolving issues.
  • Steeper Learning Curve: The extensive feature set can be overwhelming for less tech-savvy users, requiring a greater investment in training and onboarding.
  • Customization Limitations: Adapting the system to highly specific workflows or unique business models can be challenging without extensive workarounds or third-party integrations.

Key Features

  • E-Commerce: Set up an online store with customizable, mobile-friendly templates and built-in SEO tools. Sync inventories across all physical locations, purchase stock from the Lightspeed Supplier Market and sell units from a unified dashboard. Manage in-store appointments and Google local inventory ads from the POS system. 
  • Payment Processing: Complete sales with simple pricing, no hidden fees, a fast and secure checkout experience, and built-in PCI compliance and fraud detection. Process transactions with EMV-compatible terminals and accept all payment methods. Receive a dedicated expert’s assistance on dispute management and chargeback issues. Available only in the U.S; external integrations are required for payment processing in Canada, Australia and the U.K. 
  • Loyalty: Offer a point-based loyalty program with flexible reward tiers to incentivize customer loyalty and boost retention. Manage both in-store and online promotions and coupons while providing one-time special offers on birthdays or to VIP shoppers. Boost custom marketing campaigns with seasonal promotions and auto-segment customers based on their purchasing habits. 
  • Analytics: Drill down on critical areas with customizable reports and monitor sales, inventory and employee performance to make growth-oriented decisions. With Analytics Core, pay only for the expert-crafted reports required for business instead of the whole suite of report templates. 
  • Lightspeed Accounting: This integration creates a link between a store’s POS and accounting systems. Record business finances with automatic bookkeeping and receive daily sales receipts, profit and loss statements and more. 
  • Hardware: Choose from various hardware bundles for businesses or acquire single items, including zebra label printers, USB or Bluetooth bar scanners, Verifone P400 PIN pads, TM-m30 receipt printers and more. Design branded gift cards for the store and ship them to customers’ doorsteps. 
  • Restaurant Point of Sale: Offers industry-specific POS system for restaurants. 
    • Delivery: Syncs menu with major delivery apps like UberEats, SkipTheDishes or DoorDash to scale business and reach more customers. Receive delivery orders, promote high-margin dishes, create delivery-only menus and more. 
    • Order Ahead: Provide customers with the flexibility to order ahead for takeout, curbside pickup and appointments. They can add custom notes, table and room number requested, whether utensils are required and more details. Keep customers in the loop with real-time SMS notifications. 
    • Self Order Menus: Let customers send their orders via an interactive digital menu directly to the kitchen, bypassing the need for waiters and servers. Realign employees to focus on faster cooking, increasing order accuracy and improving customer service. 
    • Kitchen Display System: Displays a detailed view of every order, including turnaround time and images, color codes orders according to assigned chefs, and sends alerts for pending orders. Have online orders directly go to the display board after submission for faster preparation. 
    • Customer Facing Display: Exhibit the total breakdown of customers’ orders, subtotal cost, tax percentage, tips paid and total price on a display screen. Customize the screen with business logo and brand colors while advertising high-margin dishes or the item-of-the-day. 
    • Enterprise: Run multiple restaurants located in different places with a cloud-based POS system. Monitor each location’s sales, employee and promotional data while centralizing customer data from numerous areas. Customize and scale as needed with an open API interface. 
  • Golf Course Management: Caters to businesses that operate golf courses. 
    • Tee Sheets: Personalize tee sheets according to the facility’s structure. Manage golf courses from nine to 54 holes. Accommodate any play type, including shotguns, crossovers, front or back nines and more. 
    • Booking Management: Players can register for tournaments and pick their tee times. Organize monthly or yearly leagues, track attendees and review metrics from the dashboard. 
    • Membership Management: Create unlimited types of memberships, customize booking restrictions and pricing structures per type, and automate the billing process. 
    • Professional Website: Increase online presence, showcase facilities, attract more golfers and provide flexible payment options through a personalized website and mobile application. Design websites with preset templates or customize them with source coding. The vendor takes charge of website maintenance. 
  • Integrations: Leverage various integrations for assistance in accounting, analytics, CRM, marketing, payment processing (In the U.K, Canada and Australia), ERP, invoicing and more. 
Erply  Award
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Why We Picked Erply

Erply, a cloud-based POS system, garners consistent praise for its user-friendly interface and adaptability. Businesses of various sizes appreciate its intuitive design, readily accessible cloud storage, and the ability to scale alongside their needs. Real-time inventory tracking, comprehensive integrations with popular platforms, and a convenient mobile app further enhance its appeal. However, potential users should be aware of limitations in offline functionality, occasional inventory discrepancies, and varying experiences with customer support. When compared to direct competitors like Square and Shopify POS, Erply shines in its robust inventory management and multi-location support, catering well to businesses with complex stock requirements. However, Square offers a simpler setup and more competitive pricing, while Shopify POS seamlessly integrates with its e-commerce platform, making it ideal for online-focused businesses. Ultimately, the best choice depends on individual needs and priorities. For users prioritizing ease of use and adaptability, Erply's intuitive interface and cloud-based access prove highly advantageous. Conversely, businesses requiring advanced offline functionality or extensive integrations might find Square or Shopify POS more suitable. By carefully considering user feedback on Erply's strengths and weaknesses, businesses can make informed decisions aligned with their specific requirements.

Pros & Cons

  • Cloud-based and accessible: Manage your business from anywhere with an internet connection. No software installation required.
  • User-friendly interface: Intuitive design praised for being easy to learn and navigate, even for non-tech-savvy users.
  • Scalability and customization: Adapts to various business sizes and needs with customizable features and optional add-on modules.
  • Inventory management: Real-time tracking, alerts, and multi-location support help businesses avoid stockouts and optimize stock levels.
  • Integrations: Connects with popular accounting, marketing, and e-commerce platforms, streamlining operations and centralizing data.
  • Reporting and analytics: Generate sales reports, track trends, and gain insights into business performance with built-in tools.
  • Mobile app: Manage sales, inventory, and employees on the go with the iOS and Android app (availability may vary by plan).
  • Limited offline functionality: While the mobile app offers some features, core functionalities like sales processing require an internet connection.
  • Integration complexity: Setting up certain integrations can be technical and require developer assistance, adding extra cost and time.
  • Occasional inventory discrepancies: Some users report encountering inventory inaccuracies, requiring manual reconciliation.
  • Customer support wait times: Users sometimes experience long wait times for email and phone support, with varying representative expertise.
  • Cost considerations: While affordable for smaller businesses, pricing can become expensive for larger businesses with additional module needs.
  • Limited reporting customization: Pre-built reports may not fully meet complex reporting needs, requiring additional tools or workarounds.
  • Mobile app limitations: Not all features available on the desktop platform are accessible in the mobile app, potentially hindering on-the-go management.

Key Features

  • Secure POS: Grow the business with a time-saving and cost-effective, integrated point of sale interface. Process payments, gather customer information, manage inventory, offer rewards, share promotions and more using convenient tools and systematic functionalities for a smooth transaction experience. 
  • Online Inventory Management: Eliminate the errors of manual data management and control the inventory process online using a cloud-based solution. Access sales and stock levels, view gift card balances and manage products across multiple locations on a single dashboard. Update product price, upload relevant images, change item description, track merchandise movement and more for an efficient workflow. 
  • Integrated Payments: Let customers pay using credit and debit cards, store credit, gift cards, contactless payments and more. Save transaction costs with enhanced payment equipment, modem integration and secure solutions. Get fraud-protecting hardware, reduced chargebacks and economical payment rates on a PCI-compliant, secure system. 
  • Business Reports: Get a quick overview of business operations with customizable, data-backed reports. View and manage product information, monitor employee activity, get in-depth sales information, review store performance indicators and more. 
  • Third-Party Integration: Systemize the business workflow with custom integrations, ERP solutions, plugins, add-ons, POS applications, BI tools and more using intuitive APIs. Connect the POS system with third-party applications and benefit from a dynamic business management solution.  
  • Customer Relationship Management: Manage and improve communication strategies to boost customer base and increase revenue. Provide a personalized experience with targeted campaigns, interest-based promotions, special greetings, unique discounts and more. Review customer profiles to create loyalty programs, offer gift cards, marketing emails, event invites and more to boost business outreach. Get individual training and troubleshooting options. 
NCR Silver  Award
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$108
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Why We Picked NCR Silver

NCR Silver, a POS software solution, has garnered a mixed bag of user reviews in the past year. While praised for its intuitive interface, ease of use, and robust reporting features, some users have expressed concerns regarding its pricing structure, limited customization options, and occasional glitches. On the positive side, many users appreciate NCR Silver's clean and user-friendly interface, making it easy for new staff to learn the ropes quickly. The software's reporting capabilities are also a hit, offering valuable insights into sales trends, inventory levels, and customer behavior. This data-driven approach helps businesses make informed decisions and optimize their operations. For instance, one user mentioned using NCR Silver's reporting to identify slow-selling items and adjust their ordering accordingly, leading to a significant reduction in waste. However, some users find the software's pricing to be on the higher end, especially for smaller businesses. Additionally, the customization options are perceived as limited compared to competitors, hindering businesses with unique workflows or branding needs. A recurring complaint dotyczy occasional bugs and glitches that can disrupt operations, although NCR has been working on addressing these issues through regular updates. Overall, NCR Silver seems to be a solid POS system for businesses seeking a user-friendly and data-rich solution. However, its pricing and limited customization might deter cost-conscious businesses or those with specific needs. Carefully weighing the strengths and weaknesses against your individual requirements is crucial before making a decision.

Pros & Cons

  • Intuitive Interface: Users often praise the easy-to-learn interface, with clear navigation and touchscreen compatibility.
  • Mobile Capabilities: Manage sales, inventory, and employee timecards remotely using the mobile app.
  • Flexible Payment Processing: Accept various payment methods, including EMV chip cards, contactless payments, and mobile wallets.
  • Robust Reporting: Generate detailed sales, inventory, and employee performance reports to track business insights.
  • Customer Management Tools: Build customer loyalty with features for tracking purchase history, creating targeted promotions, and managing gift cards.
  • Limited Customization Options: Users may find the system's customization capabilities for receipts, reports, and workflows restrictive compared to some competitors.
  • Potential Inventory Management Issues: Some reviews mention challenges with inventory tracking accuracy and stock syncing across multiple locations.
  • Technical Glitches: Occasional reports of software glitches, slow loading times, and hardware compatibility issues, though frequency may vary.
  • Customer Support Response Times: Mixed experiences with customer support, with some users reporting long wait times or difficulty reaching knowledgeable representatives.
  • Hidden Fees: Potential for unexpected fees for hardware, add-ons, or specific payment processing services, which can increase overall costs.

Key Features

  • Kitchen Management: Optimize kitchen operations and boost efficiency using table mapping, offline credits, menu management and more. Colour code and route orders, assign preparation time, attach receipts, monitor production status, forecast requirements and leverage integrations to enhance the overall experience. 
  • Online Ordering: Create a flexible and effective digital ordering system to deliver quick services. Allow guests to order for curbside pickups, in-house delivery and third-party delivery. Process contactless payments, offer customizable menus, integrate with delivery providers, send orders directly to the kitchen and more across multiple devices. 
  • Alerts: Prioritize important tasks and regulate operations based on real-time notifications. Get instant alerts about new orders, updates, payments, non-availability of items, customer reviews and other communications without delay. Resolve issues to ensure smooth workplace functioning. 
  • Marketing: Offer rewards, discounts, promos and discounts to boost customer retention. Analyze transaction data, interaction stats and customer buying patterns to create targeted campaigns and personalized deals. Send marketing messages via SMS, MMS and email. 
  • Online Payments: Use a fully integrated platform to process online payments, equipped with a branded user interface and compatible with any smartphone device. Allow guests to scan a QR code or click a link from a text message to pay and send electronic receipts via email upon receiving checks. 
Toast  Award
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Why We Picked Toast

Toast garners praise for its user-friendly interface, robust reporting, and mobile capabilities, making it a popular choice for restaurants of various sizes. Users appreciate its intuitive design, which simplifies training and streamlines daily operations compared to competitors like Square and Lightspeed POS. Toast's extensive reporting, often highlighted as superior to competitors, empowers data-driven decision-making by offering detailed insights into sales, labor, and customer behavior. Additionally, the ability to manage orders and payments tableside using mobile devices sets Toast apart, enhancing staff flexibility and customer service during peak hours.

However, concerns arise regarding Toast's pricing structure, customization options, and technical glitches. The multi-tiered pricing, perceived as more complex than competitors, can become expensive for businesses with specific needs or multiple locations. While Toast offers various features, users sometimes find them less customizable than those in competitors like Revel Systems, restricting their ability to tailor the system to their unique workflows. Occasional technical issues and reported long wait times for customer support raise concerns about reliability compared to competitors known for their robust technical support, such as Micros.

Ultimately, Toast's strengths in user-friendliness, reporting, and mobility resonate with many users, but its pricing complexity, limited customization, and potential technical issues demand careful consideration. Deciding factors often boil down to individual business needs, budget constraints, and desired level of customization. Weighing Toast's strengths against its potential drawbacks alongside competitor offerings becomes crucial for making an informed decision.

Pros & Cons

  • Intuitive interface: Users consistently praise Toast's easy-to-learn and navigate interface, with clear menus, large buttons, and simple workflows, making it accessible for staff of all technical levels.
  • Robust reporting: Toast's comprehensive reporting tools provide valuable insights into sales, inventory, labor costs, customer behavior, and more, empowering data-driven decision-making.
  • Mobile flexibility: Staff can take orders, process payments, and manage tables directly from tablets or smartphones, enhancing tableside service and flexibility during busy periods.
  • Reliable payment processing: Users commend Toast's integrated payment processing for its speed, reliability, and security, ensuring smooth transactions and minimizing downtime.
  • Scalability for growth: Toast's ability to accommodate multiple locations, expanding menus, and growing staff needs makes it a popular choice for businesses with expansion plans.
  • Pricing complexity: Users express frustration with Toast's tiered pricing structure, which can become confusing and expensive, especially for businesses with multiple locations or add-on features.
  • Limited customization: Some users find Toast's customization options for menus, reporting, and workflows to be somewhat restrictive, hindering their ability to tailor the system to unique business processes.
  • Technical glitches: Users occasionally report software glitches, hardware issues, or slow performance during peak hours, leading to temporary disruptions in operations.
  • Customer support wait times: While Toast offers 24/7 support, users sometimes experience long wait times for phone assistance or delayed responses to inquiries, causing frustration when urgent issues arise.
  • Inventory management limitations: Users with complex inventory needs, such as multiple suppliers or intricate recipe tracking, find Toast's inventory management capabilities to be somewhat basic and lacking in advanced features.

Key Features

  • Online Ordering: Allow guests to order food online for takeout and delivery, schedule orders in advance, access the online menu and make contactless payments. Receive new orders directly in the restaurant’s point of sale system, customize the online ordering page, access customer insights and request guest feedback to modify services. 
  • Gift Cards and Rewards: Boost customer influx and increase revenue by selling modern e-Gift Cards. Allow users to text or email cards for in-store and online purchases. Check card balance and schedule gift cards in advance to build relationships with customers. Sell customized physical gift cards and review detailed reports on gift card sales. 
  • Expedited Delivery: Create an on-demand delivery network with local drivers at a single per-order fee. Simplify the process with real-time order tracking and advance scheduling, online payment options and review restaurant services based on customer behavior with reporting and analytics. 
  • Email Marketing: Improve communication and drive customer retention with emails. Run targeted promotions, increase revenue, automate outreach and campaigns, create custom email lists, run A/B tests to refine communication, and send customized messages to deepen brand loyalty. 
  • Self-help Services: Accelerate the online ordering experience with self-help kiosks. Leverage quick restaurant service, reduce wait times and increase staff productivity. Offer a personalized dining experience with order add-ons, SMS notifications and real-time menu updates. 
  • Workspace Management: Facilitate efficient team regulation with a centralized labor management system. Log and track work hours, monitor timesheets, calculate tips, ensure paycheck accuracy with automated wage recording, register new staff electronically and more. Get insight into employee performance with detailed reports and analytics. 
Hike POS  Award
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Why We Picked Hike POS

Hike POS garners mixed reviews from users, often contrasting its user-friendly interface and 24/7 chat support with limitations in reporting, reliability, and certain functionalities. While praised for its ease of use compared to competitors like Square and Shopify POS (especially for non-tech-savvy users), Hike struggles with stability issues on its iPad app, leading to crashes, data inaccuracies, and even daily reinstallation needs. This unreliability can be a dealbreaker for businesses requiring consistent performance.

Reporting capabilities are another point of contention. Users find Hike's reports basic and lack customization options compared to Square's robust analytics or Vend's detailed inventory insights. This makes it difficult to gain in-depth business intelligence, a crucial aspect for informed decision-making. While Hike boasts 24/7 chat support, some users report repetitive troubleshooting suggestions and unresolved issues, raising concerns about the effectiveness of their support structure.

However, Hike shines in its user-friendly interface and affordable pricing. Users appreciate its intuitive layout and straightforward functionalities, making it a good option for small businesses with basic POS needs. Additionally, its 24/7 chat support, though lacking phone options, caters to those seeking readily available assistance. Ultimately, Hike's value proposition hinges on prioritizing ease of use and affordability over advanced features and robust reporting. Businesses requiring in-depth data analysis or seamless app stability might need to consider alternatives like Square or Vend.

Pros & Cons

  • Streamlined Checkout & Efficiency: Users praise Hike POS for speeding up transactions with features like self-checkout kiosks, mobile checkout, and express lanes, reducing wait times and queues. One bakery owner shared how Hike POS cut their average checkout time in half.
  • Inventory Management Made Easy: Real-time stock tracking, automated purchase orders, and low-stock alerts are lauded for keeping inventory levels optimal and preventing stockouts. A clothing boutique owner appreciates how Hike POS helps them avoid losing sales due to overselling.
  • Actionable Data & Insights: Users value the comprehensive sales reports, customer behavior analytics, and customizable dashboards that provide data-driven insights. A restaurant owner credits Hike POS with helping them identify peak sales hours and optimize staffing.
  • Seamless Omnichannel Experience: Users love the omnichannel capabilities that integrate online stores, mobile apps, and physical locations. A bookstore owner highlights how Hike POS simplifies online orders and in-store pickup, creating a smooth experience for customers.
  • Exceptional Customer Support: Users rave about the 24/7 customer support via phone, email, and live chat. A cafe owner appreciates the prompt and helpful assistance they receive whenever they need it.
  • Unreliable iPad App: Users reported frequent crashes, freezes, and connection issues with the iPad app, requiring daily reinstallation for basic functionality. Data inaccuracies and random currency changes were also mentioned.
  • Limited Reporting: Hike was criticized for its lack of in-depth reports, making it difficult to generate custom reports and gain insights into sales and inventory. Data syncing issues with customer details and sales were also reported.
  • Click-intensive Interface: Users found the interface repetitive and click-intensive, requiring multiple actions for tasks like purchase orders. Limited "apply to all" functionality and occasional browser compatibility issues (mainly with Chrome recommended) were additional pain points.
  • Customer Support Concerns: The lack of phone support and reliance solely on live chat was a concern for some users. Repetitive troubleshooting suggestions and unresolved issues despite contacting support were also reported.
  • Other Potential Drawbacks: While generally praised for ease of use, Hike might not be ideal for businesses with complex product variations. Occasional lag and performance issues, as well as a less intuitive interface for some users, were also mentioned as potential drawbacks.

Key Features

  • Inventory Management: Categorize products, add descriptions, update status, use barcodes, count merchandise, set reminders, transfer stocks and more. Create purchase orders and record supplier information for automated assignment of orders. Customize tax rates, apply price margins and schedule inventory counts on an easy-to-use system. 
  • Reporting: Leverage powerful analytics and real-time reporting capabilities to evaluate business performance. Keep track of payments, gift cards, transactions, account sales and returns. Analyze employee activity, customer profiles, product performance and create custom reports to understand the business better. 
  • Faster Checkouts: Record payments, park orders, apply discounts, process returns, add taxes, set credit limits and more for a seamless customer service experience. 
  • Integrations: Integrate with eCommerce platforms like Shopify, QuickBooks, BigCommerce and WooCommerce to streamline all business operations with smooth data syncs and a consolidated dashboard. 
  • Store Management: Generate daily totals reports, set individual staff pins, view order history, process returns and perform calculations on a cloud-based platform.
  • Customer Marketing: Create individual customer profiles to organize crucial information in one place. Analyze directories to offer gift cards, build loyalty programs, send personalized emails, identify current trends and boost customer retention. 
KORONA POS  Award
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$59
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Why We Picked KORONA POS

KORONA POS has garnered praise for its cloud-based convenience, real-time inventory management, and powerful reporting tools. Users appreciate its ability to streamline operations and gain valuable insights, particularly helpful for businesses juggling multiple locations or complex inventory. Compared to some competitors, KORONA shines in its user-friendly interface for employees and its seamless integration with popular accounting software and payment processors. However, some users cite a steeper learning curve for advanced features and limitations in the mobile app's functionality. Occasional software glitches and a price tag potentially higher for smaller businesses are also mentioned as drawbacks. Users comparing KORONA to Square or Shopify often highlight its robust reporting capabilities and multi-store management as key differentiators, especially for businesses prioritizing data-driven decisions and expanding operations. Ultimately, KORONA's strengths - cloud accessibility, inventory prowess, and insightful reporting - resonate with users seeking a scalable and feature-rich POS solution. Those needing a simpler system or operating on a tight budget might find alternatives more suitable. While minor flaws exist, KORONA's focus on streamlining operations and providing actionable insights seems to win over businesses looking to take their operations to the next level.

Pros & Cons

  • Cloud-based Convenience: Access your POS from anywhere, anytime, on any device. No more relying on local servers or expensive on-site maintenance.
  • Inventory Master: Real-time stock tracking across locations, automatic low-stock alerts, and customizable reports to optimize ordering and prevent overselling.
  • Sales Insights Galore: Powerful reporting tools with drag-and-drop customization, allowing you to analyze trends, track employee performance, and make data-driven decisions.
  • Easy on Employees: Intuitive interface, simple transaction processing, and built-in training resources make it a breeze to onboard new staff.
  • Customer Loyalty Booster: Create loyalty programs, manage gift cards, and track customer preferences for personalized experiences that keep them coming back.
  • Always in the Loop: Get instant notifications about sales, low stock, and critical updates, ensuring you stay on top of your business.
  • Integration All-Star: Connects seamlessly with popular accounting software, payment processors, and e-commerce platforms, streamlining your workflow.
  • Support You Can Count On: Helpful and responsive customer service team available via phone, email, and live chat to address any questions or concerns.
  • Steep Learning Curve: While intuitive for basic tasks, some users find the advanced features and reporting tools difficult to navigate without comprehensive training.
  • Mobile App Shortcomings: The mobile app lacks some functionalities available on the desktop version, limiting on-the-go management.
  • Customization Caveats: While customizable, some users report limitations in tailoring reports and workflows to their specific needs.
  • Occasional Glitches: Users mention infrequent software glitches and bugs that can disrupt operations, though updates usually address them quickly.
  • Pricey for Smaller Businesses: The monthly subscription fee may be a bit high for smaller businesses with limited transaction volume.
  • Hardware Reliance: While cloud-based, the POS still requires reliable internet and compatible hardware, which can add to initial costs.

Key Features

  • CRM Software: Consolidate business operations and improve efficiency with a secure and smooth payment system, real-time reporting, online inventory management, seamless integrations, and more. Boost customer satisfaction with powerful strategies like promotions and loyalty programs, gift cards, targeted marketing, and automated campaigns. 
  • Inventory Management: Maintain stock levels with consistent management solutions. Print shelf labels and price tags, combine data in one product catalog, manage the order cycle based on purchase history, track shipments with instant notifications, and control staff permissions to secure data. 
  • Retail Loss Prevention: Secure the business with effective theft-prevention. Authenticate receipts after the transaction, prevent item voiding using shift reports, add authorization measures for adding discounts, and identify errors and discrepancies with in-depth inventory and reporting. 
  • Secure Payments: Use EMV chip payments, including credit and debit cards and contactless NFC payments such as Apple Pay and Android Pay. Get combined statistics and reports for transactions and sales. Monitor staff permissions to prevent unauthorized actions. Use automation tools to track cash movement, manage accounting data and secure business operations. 
  • In-depth Reporting: Get intuitive insights into business KPIs with informative reports and analytics. Access business data through the cloud management system and use data-backed visualizations to monitor performance metrics, including average customer spend, product return rates, annual comparisons, conversion rates and stock levels. 
Epos Now  Award
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Why We Picked Epos Now

Recent user reviews of Epos Now reveal a spectrum of experiences. Praise centers around its user-friendly interface, robust inventory management, and actionable sales insights. These strengths, particularly the intuitive design, benefit smaller businesses with diverse staff skillsets, giving Epos Now an edge over tech-heavy competitors like Square or Shopify. Affordability adds to its appeal. However, limitations emerge for complex operations. Users call for more granular customization and highlight occasional gaps in customer support responsiveness, especially via email. Furthermore, optional fees for vital features like advanced reporting or select app integrations can inflate the initial cost, potentially swaying users towards competitors with more comprehensive plans. In conclusion, Epos Now excels in simplicity, affordability, and real-time data, making it a strong contender for businesses prioritizing ease of use and core POS functionalities. However, businesses with niche requirements or intricate workflows may find greater value in exploring competitors for enhanced feature fit and potentially lower long-term costs.

Pros & Cons

  • Easy for Staff: The intuitive interface and minimal training requirements are praised by users, including small businesses with staff of varying tech skills.
  • Inventory Control: Real-time stock tracking and low-stock alerts are cited as game-changers, preventing stockouts and improving order accuracy.
  • Sales Insights: Users highlight valuable reporting tools that provide actionable insights into sales trends, employee performance, and customer behavior.
  • App Integrations: Connecting seamlessly with popular accounting, loyalty, and delivery apps is appreciated for streamlining workflows and reducing manual data entry.
  • Flexible Plans: Users love the range of plan options with competitive pricing, allowing them to scale the software with their business needs.
  • Limited Free Trial: Some users find the 30-day trial period insufficient to fully explore the features and compatibility with their specific needs.
  • Add-on Costs: Essential features like advanced reporting or certain app integrations require additional monthly fees, potentially pushing up the overall cost beyond initial expectations.
  • Customer Support: While generally praised, occasional user reviews mention inconsistencies in the responsiveness and helpfulness of customer support, particularly through email inquiries.
  • Limited Customization: Some users, especially in niche industries, express a desire for deeper customization options for the interface and functionalities to perfectly fit their specific workflow.
  • Hardware Concerns: While offering hardware bundles, occasional reports mention issues with specific hardware options in terms of durability or compatibility, requiring replacements or alternative sourcing.

Key Features

  • Contactless Dining: Facilitate a coherent ordering and dining experience with an online, ticket-based system. Access the menu, make customizations, add notes, place orders and make payments using QR codes or a URL. Use error-free business management tools to reduce wait times and boost operational efficiency. 
  • Inventory Management: Track business functions and optimize the supply chain using efficient inventory management tools. Centrally manage merchandise, fulfill orders, process payments, scan barcodes, set stock alerts and streamline operations for a time-saving, effortless experience. 
  • Reporting and Analytics: Get full visibility into transactional data, analyze individual product performance, understand business operations, access sales reports, track profits, view data forecasts and monitor employee performance to make informed decisions. 
  • Customer Relationship Management: Boost website engagement and drive customer loyalty by staying in the loop with customer information. Build marketing campaigns based on purchase history, buying patterns, total spending and website visits. Offer promos and discounts, send gift cards, create rewards and improve communication. 
  • Integrations: Leverage robust integrations with major platforms like Shopify and BigCommerce to improve business efficiency. Sync in-store and online inventory, automate recurring functionalities, process faster checkouts, consolidate services and more. Integrate loyalty programs, store promotions and reward schemes to deliver consistent customer service. 
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Why We Picked MICROS

User reviews of MICROS in the past year paint a contrasting picture. While its strengths like streamlined order flow, detailed reporting, and customization garner praise, its learning curve, cost, and limitations can be significant drawbacks. On the positive side, users rave about MICROS' efficiency. Orders fly through during rush hours, thanks to the intuitive interface and table management features. One server even mentioned saving valuable time and keeping customers happy. The reporting and analytics are another highlight, providing businesses with real-time sales data, inventory insights, and even employee performance dashboards. This helps optimize operations and identify areas for improvement, like a hotel manager discovering overstocked items and adjusting staffing based on guest patterns. Additionally, MICROS' adaptability is appreciated, allowing businesses to customize menus, integrate loyalty programs, and tailor workflows to their specific needs. A coffee shop owner mentioned easily customizing menus for different locations and boosting customer engagement through loyalty program integration. However, MICROS also faces criticism. The initial setup and interface can be overwhelming, requiring significant training for staff. Some users compared it to a "steep learning curve," especially for tasks beyond basic order entry. Furthermore, the cost can be a major hurdle, particularly for smaller businesses. The upfront costs and ongoing licensing fees are often cited as drawbacks, making MICROS less competitive against simpler POS systems. Additionally, while customizable, some users report difficulty achieving desired workflows or integrations. This lack of flexibility can be frustrating, as one retail store manager mentioned struggling to integrate with their existing inventory management system. Finally, MICROS' dependence on specific hardware setups can add to the overall cost and maintenance needs. In conclusion, user reviews of MICROS reveal a powerful POS system with undeniable strengths but also significant limitations. Businesses should carefully weigh the pros and cons, considering their specific needs, budget, and technical expertise before deciding if MICROS is the right fit for them.

Pros & Cons

  • Streamlined Order Flow: Users praise MICROS' intuitive interface for fast order entry, table management, and split bill options. One server noted, "Orders fly through during peak hours, saving us valuable time and keeping customers happy."
  • Detailed Reporting & Analytics: Real-time sales data, inventory reports, and employee performance dashboards are lauded for providing actionable insights. A hotel manager shared, "MICROS helped us identify overstocked items and optimize staffing based on guest traffic patterns."
  • Customization & Integrations: MICROS' adaptability to unique needs is appreciated. A coffee shop owner said, "We easily customized menus for different locations and integrated with our loyalty program, boosting customer engagement."
  • Reliable & Secure: Users emphasize MICROS' stability and security features. A restaurant manager commented, "We've never experienced downtime during service, and the PCI compliance gives us peace of mind."
  • Complexity & Learning Curve: Some users find the initial setup and interface overwhelming, requiring significant training for staff. One reviewer commented, "The learning curve was steep for our team, especially for tasks beyond basic order entry."
  • Cost & Licensing: MICROS can be expensive compared to simpler POS systems, with complex licensing structures. A small business owner stated, "The upfront costs and ongoing licensing fees were a major hurdle for our limited budget."
  • Customization Limitations: While customizable, some users report difficulty achieving desired workflows or integrations. A retail store manager shared, "We struggled to integrate with our inventory management system, requiring additional workarounds."
  • Hardware Dependence: MICROS may require specific hardware setups, potentially increasing costs and maintenance needs. A bar owner noted, "We had to invest in proprietary tablets that weren't compatible with other POS systems."

Key Features

  • Point-of-Sale (POS) Terminal: The heart of MICROS, handling transactions, order entry, payment processing, and customer management. It runs on PC-based hardware, touchscreen tablets, or handheld devices.
  • Inventory Management: Track stock levels, automate purchase orders, generate alerts for low stock, and create inventory reports for analysis.
  • Menu Management: Create and customize menus with ease, including pricing, descriptions, modifiers, and images. Set up different menus for different day parts, seasons, or events.
  • Kitchen Display System (KDS): Send orders directly to kitchen displays for efficient preparation. Track order status, prioritize tasks, and streamline workflow.
  • Table Management: Manage floor plans, assign servers, track table status, and handle split bills and table transfers seamlessly.
  • Employee Scheduling: Create and manage employee schedules, track attendance, and calculate labor costs.
  • Reporting and Analytics: Access comprehensive reports on sales, labor, inventory, customer behavior, and more. Gain insights to make informed business decisions.
  • Payment Processing: Integrate with various payment gateways to accept credit cards, debit cards, mobile payments, and more.
  • Loyalty Programs: Create and manage loyalty programs to reward repeat customers and encourage customer engagement.
  • Self-Service Kiosks: Empower customers to place orders and pay independently, reducing wait times and enhancing convenience.
  • Online Ordering: Accept orders through your website or mobile app, expanding your reach and offering convenience to customers.
  • Cloud-Based or On-Premise Deployment: Choose the deployment option that best suits your needs, depending on your IT infrastructure and preferences.

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Toast

by Toast
Toast
Toast is a cloud-based point-of-sale (POS) system designed to streamline operations for restaurants and businesses in the hospitality industry. It offers a comprehensive suite of features, including order processing, inventory management, employee scheduling, and customer relationship management (CRM) tools. Toast caters to businesses of all sizes, from independent cafes to multi-location restaurant chains. One of its key strengths lies in its ease of use and intuitive interface, making it suitable for both tech-savvy and non-technical users. Additionally, Toast boasts robust reporting capabilities, providing valuable insights into sales trends, customer behavior, and staff performance. Integration with third-party delivery services and online ordering platforms further enhances its functionality. While Toast offers a free basic plan with limited features, paid subscriptions are required to access its full potential. Pricing varies depending on the number of users, terminals, and desired functionalities. Compared to similar POS systems, Toast generally falls within the mid-range price bracket, offering a good balance between affordability and feature richness. However, user reviews highlight that its pricing structure can become complex for businesses with intricate needs. Pros Easy to use interface Robust reporting tools Third-party integrations Scalable for all businesses Free basic plan option Cons Mid-range pricing complexity Limited customization options Occasional technical issues Long customer support wait times Not ideal for complex inventory
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Buyer's Guide

Point of Sale Systems Are All About Streamlining Operations

POS Software BG Intro

Managing businesses in today’s competitive and fast-paced markets is a challenging task. As a result, most companies are adopting point-of-sale systems to process transactions, streamline day-to-day operations and enhance customer experiences.

POS software is an innovative replacement of traditional cash registers, enabling business owners to manage inventory, sales, employees and customers on a single platform.

How else do point of sale (POS) systems help you run your business with greater efficiency? Let’s find out!

Executive Summary

  • Point of sale systems help you take payments from customers, and manage sales and other primary business components such as inventory, employees, payments and more. These systems are crucial to efficiently run various businesses, like retail stores, hotels and restaurants.
  • POS platforms compile data on moving supplies, stagnant commodities and customers’ buying history to help maximize profits and eliminate waste.
  • Key software features include inventory management, sales reporting, payment processing, CRM and eCommerce.
  • Be sure to talk to vendors about their services and software capabilities before purchasing a solution.

What Is a Point of Sale System?

POS systems are a combination of hardware and software devices that helps businesses collect payments from customers. When a customer purchases a product or service from your store, your POS software scans the item and processes the transaction for a fast and easy checkout experience.

Types of POS

According to your business priorities, you can choose from types of POS systems to effortlessly run your day-to-day operations. Discussed below are a few:

Cloud-Based

Cloud-based POS systems are hosted and accessed via the internet and can be used without time or location constraints. Suitable for businesses with multiple POS terminals and online sales, they offer features like centralized payment processing, inventory management, loyalty programs, mobile and desktop access, and more.

These systems facilitate online data storage and processing, avoiding the need for servers or skilled IT staff to maintain the services. If you have a robust internet provider, then a cloud model is an ideal option for your business.

On-Premise

On-premise, also known as legacy or server-based POS systems, are installed in a computer and run on a private server. They’re highly customizable due to on-site hosting and are suitable for small businesses with in-store sales. These solutions are independent of internet connection and don’t rely on vendors. You may require skilled IT personnel to handle the system in larger organizations.

Hybrid

A hybrid point-of-sale system offers both cloud-based and on-premise integrations. Hybrid solutions utilize a server and backup data in the cloud. As a result, they don’t interrupt processes during internet connection failures and backup data upon reconnecting to the internet.

Mobile

They’re designed to process transactions on mobile devices such as smartphones and tablets, providing businesses with the flexibility to accept payments anywhere, anytime.

Multichannel

They integrate sales and inventory data from various channels, including online stores, physical retail locations and marketplaces, enabling businesses to manage their operations and customer interactions across multiple platforms.

Tablet

Tablet POS systems use tablets as the primary interface for processing transactions and managing sales. They offer a portable and user-friendly alternative to traditional POS systems, particularly well-suited for small businesses and mobile vendors.

Open-Source

It provides customizable and adaptable solutions for businesses, allowing them to modify the source code to meet their specific needs and integrate with other applications without being tied to a single vendor.

Desktop

They’re fixed-location point-of-sale solutions that run on desktop computers, offering comprehensive features for managing transactions, inventory and customer information within a physical store or hospitality establishment.

Hardware Components

Additionally, the integration of point-of-sale systems in your business incorporates software and hardware components. Here is a list of standard hardware components required to run your POS systems:

  • Monitors, Tablets or iPads: You can use monitors to view product databases and sales reports and enable employees to clock in and out. Portable devices like tablets and iPads are more popular and accessible options in place of bulky monitors.
  • Credit Card Readers: It helps process in-store payments via credit cards. You can invest in EMV-compliant credit card readers that add an extra layer of security by reading the chip instead of a magnetic strip, safeguarding your customers’ financial information.
  • Barcode Scanners: Scans barcodes to get product details and adds them to the checkout total, automating checkout processes. You can also adjust stock levels automatically through its integration with inventory management systems.
  • Cash Drawers: Contactless payments have become a norm in businesses worldwide. Nonetheless, cash payments are still preferred by many, and you need a cash drawer to store cash for transactions securely.
  • Receipt Printers: Printers are a must for providing customers with paper receipts containing a snapshot of purchase details and amounts. Receipts also come in handy and act as proof while making returns or exchanging items.

Other POS hardware could include:

  • Kitchen display systems
  • Payment terminals
  • Self-ordering kiosks
  • Customer display systems
  • Label printers

Primary Benefits

Point-of-sale systems offer multiple tools and advanced technologies to facilitate contactless payments, boost online sales, generate performance insights, integrate with third-party apps and more.

POS Software Primary Benefits

Let’s go over some of the ways POS systems can help your business.

Simplified Operations

With the right tools in hand, you can simplify and manage multiple operations like purchasing items, dispatching goods, processing payments, handling appointments and more. You can save complete information and data in a single point-of-sale system without any requirement for registers or dedicated staff.

Ease of Use

A cloud-based POS system provides a user-friendly, interactive interface. Users can optimize their viewing experience for various devices like laptops and mobile devices, transactions on the go on portable cash registers and complete repetitive tasks accurately with automation tools.

Better Security

Data breaches can put you at risk of losing customers, especially when their personal information is at risk. POS systems come with a range of security features to protect your customer data from security issues like malware or data leaks. Some popular components include encrypted payments, two-factor authentication, data backups, system upgrades and antivirus protection.

Improved Accuracy

Minimize manual entry and reporting errors with user-friendly digital and touchscreen interfaces. Point-of-sale systems enhance accuracy across the entire operation by eliminating the need to manually enter items and prices or upload data into back-office systems.

Scalability

A scalable POS system can accommodate changing needs of a business as it grows. This includes the addition of new functionalities, support for more users and integration with additional hardware or software components.

Small businesses can start with a basic POS setup and expand the system's capabilities as their operations and customer base grow. It eliminates the need for a complete overhaul of their POS infrastructure as they expand, saving both time and money.

For larger enterprises, a scalable POS system can handle increasing transaction volumes, additional locations and integration with other enterprise-level solutions. This flexibility is crucial for maintaining operational efficiency and providing a consistent customer experience.

Personalized Services

You can leverage the power of customer data to create tailored shopping experiences unique to their top preferences and needs. For example, by tracking a customer’s purchase history, you can determine their favorite products and recommend similar items for purchase during checkout. It facilitates cross-selling and keeps your customers happy.

Flexible Payments

You can accept, verify and process payments through multiple methods, including cash, checks, magstripe credit cards, EMV chip cards, mobile wallets and more. Flexible payment modes strengthen your customers’ purchasing power, resulting in increased revenue and higher customer satisfaction.

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Implementation Goals

While deploying a new solution or upgrading an old one, you expect certain outcomes from the software. Here is a set of implementation goals that you can achieve with the right solution in place:

Goal 1

Increase Productivity

Advanced tools and features save time spent on inventory and sales figures, freeing employees for other crucial tasks.

Also, the intuitive interfaces are easy to comprehend and reduce manual work, which can improve overall productivity and render quicker services to customers.

Goal 2

Make Informed Decisions

Companies leverage the power of AI to capture real-time customer data to provide insights into buying frequencies and shopping trends. You can use this data to critically analyze and devise purchasing strategies, target consumers and make informed marketing decisions.

Goal 3

Faster Service

Expedite your checkout processes using barcode scanners to ring up items. Faster checkouts can ensure a smooth buying experience and reduce long waiting queues to prevent customers from walking out.

You can also allow customers to order and pay online for in-store pickups or include self-service kiosks at stores.

Goal 4

Improve Capabilities

Process smooth and efficient transactions at the point of sale using advanced hardware tools. You can scan barcodes, process payments via credit or debit cards using card readers and print receipts at the time of checkout.

You can also manage inventory, track sales data and generate data reports using touch-screen displays. It helps improve the customer experience, increase efficiency and boost profits.

Goal 5

Engage Staff

You can evaluate each employee’s performance based on real-time data to incentivize top performers and identify areas of improvement.

Share regular feedback with staff members, create action plans based on their job roles and define performance indicators to improve engagement.

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Basic Features and Functionality

Every solution is different, and its features vary from vendor to vendor. However, there are a few common features that most point-of-sale systems include:

Inventory Management

Managing inventory is one of the most significant features of point-of-sale systems that lets you keep tabs on all products. It combines with sales data to provide information on current stock and items running low, ensuring uninterrupted supply.

Digitally count and scan products, store stock by product variants like size, color and material, use serial numbers to identify inventory items, set up reorder triggers and more.

Integrated supplier purchases allow you to track all purchases made from suppliers in order to keep track of product quantities, predict expenditures and record sales.

Invoice Tracking

Record and monitor all your transactions from a single and centralized cloud-based location. Manage various customer and supplier invoices, including sales, orders, supplier purchases, repairs, rentals, consignments and inventory transfers.

Estimating your inventory and keeping track of commodities and services becomes convenient with automated management of sales and purchase data.

Online Ordering

Allow customers to browse the product catalog on an eCommerce portal, add items to the shopping card, apply discounts and make payments.

Receipts

Provide customers with receipts containing useful information such as product description, costs and savings. Customize receipts to incorporate specifics related to return policies, vouchers, loyalty reward programs and other details.

Sales Reporting

Get insights into sales with easily accessible and elaborate data. Create detailed sales reports based on employees, products, time, cost of goods sold, total retail amount, net profit and profit percentage, gross profit margin and more.

Analyze your sales performance through snapshots and charts available in easy-to-read formats.

Notifications

Get valuable insights into sales activity, and monitor cash flow and inventory levels with real-time notifications. For example, you can schedule a reminder when a particular item is sold out and quickly restock it to avoid losing potential sales.

Notify customers about restocked products, failed or completed transactions, order status and similar information to keep them updated in real-time.

Employee Management

The success of an organization largely depends on the performance of its workforce. A POS platform can efficiently manage employees to boost their productivity levels.

Enforce schedules for employees based on forecasted activities to save time. Allow your employees to clock in and out on a POS terminal and create access control to ensure safety.

Analyze employee performance to reward top-performing employees and provide additional training to underperforming ones.

Hardware

Connect your software to a range of hardware devices like cash registers, mobile tablets, touch-screen displays and barcode scanners to streamline workloads and process quick checkouts.

Security

Process encrypted transactions, enable two-factor authentication to prevent unauthorized logins, whitelist applications, run antivirus programs and regularly update your system to prevent security breaches.

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Advanced Features To Consider

Customer Relationship Management

Integrating CRM capabilities with point-of-sale systems gathers essential customer data to better understand your customer groups and target market.

Track your customer’s buying history to personalize communications, marketing and services. Maintain a patron database containing customer information such as name, contact number, age, birthday and email address.

Utilize this database to create built-in loyalty programs to extend incentives, discounts and special deals to build customer loyalty and encourage them to make a repeat purchase.

Third-Party Integrations

Connect your existing systems such as CRM, eCommerce, payments and employee management with popular third-party apps like Salesforce, Quickbooks, Shopify and Xero.

Multi-Store Management

Modern systems allow you to manage multiple stores within the same software. Enable inventory tracking, reporting, purchasing, transfers and more across all stores from a centralized location.

Corporate chains, franchises or buying groups can maintain uniformity through the network by linking several stores to a central place.

Loyalty Programs and Gift Cards

Advanced platforms include loyalty programs in the system or integrate with third-party programs to garner loyalty, boost sales and grow business.

Utilize data related to purchasing histories and buying trends to generate rewards, coupons, gift cards, bonus points or prize draws for regular buyers.

Ecommerce

Improve business outreach and boost sales with a branded eCommerce platform. Accept orders, process payments, offer discounts and rewards, process refunds and more. Track in-store and offline business activities on an interactive dashboard.

Mobile Application

Most solutions offer a mobile app downloadable on iOS and Android devices. Perform key business operations like inventory and order management, payment processing, sales reporting and more on the go.

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Current & Upcoming Trends

With advancements in technology, new solutions continue to develop with evolving business needs to keep up with the latest changes and trends. In this section, we have listed some industry trends to help you keep a competitive edge.

POS Software Trends

Omnichannel Retail

Omnichannel retailing is a fully integrated commerce approach that allows transactions across multiple channels, caters to customers present everywhere and offers a unified brand experience. With an increase in online shopping and smartphone usage, the global omnichannel retail commerce market is set to grow at a CAGR of 13.6% from 2022 to 2030.

To accommodate these buying behaviors, your point-of-sale systems should integrate in-store and eCommerce data to deliver a seamless customer experience and help businesses sustain themselves in the market.

Data-Driven Business Decisions

Modern platforms collect real-time data and represent it in an actionable format to better communicate required improvements. Companies utilize this data to understand customers, sales and revenue patterns to strengthen business decisions, enhance customer experience and boost ROI.

A comprehensive point-of-sale system with advanced features and technologies can help spot trends, get insights into buyer habits and accordingly, improve market strategy to promote your services and brand.

Businesses harness the collective power of data analytics and advanced technology tools powered by AI to enforce digital transformation, which can deliver better services, personalized assistance and a seamless experience while shopping in-store or online.

Mobile Payments

With the increasing adoption of smartphones worldwide, companies are moving from conventional networks to mobile POS solutions as they help cater to the growing demand for cashless and contactless payments.

According to a FIS report, digital wallets are among the fastest-growing payment methods, accounting for 32% of global POS payments. The use of mobile payment options like Google Pay, Apple Pay and PayPal continues to increase. Apps like these support convenient payments and checkouts from anywhere, leading to better customer experiences and more sales.

POS Software Stat 1

Many solutions also offer Buy Now Pay Later (BNPL) integrations that make it easier for customers to make payments over a period of time.

Mobile POS

Mobility is a major advantage modern POS systems have over traditional solutions. With the mPOS systems market projected to register a CAGR of 10% from 2023 to 2032, it's no surprise untethered POS solutions are becoming popular among retailers and restaurateurs alike.

Handheld devices like mobile phones, tablets and iPads allow your employees to move around the store to take orders, generate bills and complete payments on the go. You can also sync all sales data into one system and allow them to look up items, calculate sales, track order status and more for multiple stores on a single device.

Integrated Customer Loyalty Offers

Appreciating customer loyalty with reward programs is likely to attract more transactions. Integrating customer loyalty programs into your point-of-sale systems can increase customer retention and drive profits. In fact, 56% of companies state that loyalty programs improve their business KPIs and deliver great ROI.

Digitized reward schemes make it convenient for customers to sign up for rewards, unlike physical reward cards that you can lose and have to present at the checkout counter during every purchase. These programs ensure continuous customer loyalty and build brand value. Also, the data gathered from regular buyers can help make strategic promotions to engage more consumers.

Self-Service Options

With the advent of self-service kiosks, business owners don’t have to worry about being short-staffed on busy days or tackling long checkout lines. These systems help customers complete purchases on their own, without any assistance from employees. Buyers can easily scan items, make payments, generate invoices and place orders from a single point of sale.

Almost a third of retailers in an Aptos survey indicated that they have self-service stations. They take the workload of processing checkouts off your staff members, giving them more time to attend to customers around the store.

Customizations and Third-Party Integrations

Businesses are increasingly seeking POS systems that can be tailored to their specific needs and easily integrate with other software and services to streamline operations and enhance customer experiences.

Customizations allow businesses to adapt the POS system to their unique workflows, branding and reporting requirements. This trend reflects a growing demand for flexibility and scalability in POS solutions, as businesses aim to differentiate themselves in a competitive market and cater to evolving customer demands.

Third-party integrations enable POS systems to connect with a wide range of external applications and services, such as accounting software, CRM platforms, eCommerce platforms and marketing tools. This trend is driven by the need for seamless data sharing and real-time insights across different business functions, ultimately leading to improved efficiency and better decision-making.

Other POS trends that are becoming popular among businesses include personalized shopping experiences, artificial intelligence, hardware and store technology upgrades, and savings-oriented subscriptions.

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Software Comparison Strategy

Implementing POS software is vital for the hassle-free functioning of your businesses and ensuring your clients’ satisfaction. However, choosing the right solution can be complex, with a wide range of vendors offering various tools and technologies available in the market.

Before beginning your research, you can talk to your colleagues and fellow business owners about the tools they use to get insights into various industry solutions. It helps you determine current business challenges and the features needed to address them.

In order to find a suitable solution, it’s important to perform an in-depth comparison of the best point-of-sale systems that align with your organization. Compare top solutions in terms of factors like features, pricing, customer support options, scalability and security and shortlist a few options that best serve your requirements.

You can also use the basic and advanced features mentioned above as a foundation to figure out your business-specific requirements.

While comparing vendors, make sure you consider recommendations from their current customers, go through company websites, read online reviews and understand their pricing structure before committing to a purchase.

Talk to them about pricing options, cancellation and refund policies, transaction charges and other payment-related details. You can also request a free software demo to assess the system for your business’s use case.

Cost & Pricing Considerations

Broadly, the cost of point-of-sale systems depends on the hardware and software that you select and the cost of processing payments. Your business size, sales volume, the number of locations and other business-specific requirements play a key role in determining the pricing.

If you’re buying hardware and software to use with various terminals, consider the price of terminals, licensing the product per terminal and credit card software for each terminal. To reduce the cost, you can also buy refurbished terminals or rent them monthly to avoid certain peripherals like iPad stands or scanners.

Make sure that the hardware and software are compatible with each other as they are not universally compatible.

Cloud-based or mobile POS solutions are comparatively cheaper, with all transactions taking place in the cloud. You can use your smartphones or tablets to swipe credit cards. They come with a monthly fee or per card swipe charges and a small fee for the limited hardware required.

Some more costs associated with a POS system include:

  • User accounts
  • Installation and updates
  • Hardware devices
  • Payment transaction fees
  • Mobile app
  • Customizations
  • eCommerce and online ordering
  • Marketing tools
  • Third-party integrations

As you can see, there is no direct way to address the question of POS pricing. You will have to estimate various factors, requirements and budgets to find the right solution for your business.

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Questions To Ask Yourself

Use these questions as a starting point for internal conversations:

  • What’s my business size?
  • How many employees will use the system?
  • What’s my average customer footfall?
  • What’s the overall budget?
  • Do I need on-premise or cloud-based deployment?
  • What features do I need?
  • Do I plan to grow my business?
  • Do I need omnichannel capabilities?

POS Software Key Questions

 

 

 

Questions To Ask Vendors

Use these questions as a starting point for conversations with vendors:

About the Software

  • Can the POS integrate with existing software?
  • What payment methods does the hardware accept?
  • Which inventory features does the software offer?
  • Does the POS offer employee performance tracking capabilities?
  • Does it support multi-location management?
  • Does it sync in-store and online platforms?
  • Does the software reconcile negative inventory?
  • Can I access back-office functions remotely?
  • Are reports customizable?
  • Which add-on features does the software offer?
  • Does the software support NFC payments?

About the Vendor

  • Which industries does the POS serve?
  • Do you offer an integrated loyalty rewards program?
  • How often does the system back up?
  • Are there any hidden fees involved in payment processing?
  • Is there any proprietary hardware available?
  • Are training and support provided?
  • Can I speak to your current customers?
  • Is your software scalable?
  • Do you provide 24/7 technical support?
POS Software Report

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Next Steps

By now, it must be clear how point-of-sale systems contribute to the profitability of your organization. Investing in reliable POS software can make your business more flexible and cost-focused, save time and improve your relationship with customers. Utilizing this guide’s detailed information about standard benefits, features, trends and more, you can find a solution that best accomplishes your company’s objectives.

Ready to start your search? Get started today with our free software comparison report to compare leading market solutions and find the right option for your business.

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Additional Resources

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Technical Content Writer
Ishani is a Technical Content Writer at SelectHub who covers LMS, workforce management, telemedicine and POS. She holds a master’s degree in Journalism and is passionate about translating complex technical concepts into engaging and accessible content for readers. Along with keeping the professional spirit hydrated, she likes petting dogs, looking up random facts and listening to any Lumineers song on repeat.
Technical Research By Mohit Hariramani
Senior Analyst
Mohit has a degree and Master in Finance from Mumbai, India, his years of professional market research experience started in 2019. His expertise lies in categories such as Enterprise Resource Planning (ERP), Manufacturing, Inventory Management, Manufacturing Execution Systems (MES), Facility Management Software (FMS), POS Systems (Point of Sale) and more. Through his academic and professional background, he honed skills in attention to detail, navigating ambiguity, and analytical prowess, which uniquely equip him to manage and thrive in the dynamic landscape of these diverse categories. He's passionate about leveraging his knowledge and experience to contribute effectively to the assigned technology areas.
Technical Review By Kankana Kalita
Principal Analyst
A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics.
Content Editor
As an editor, Dianna Dragonetti leads a team of five writers in writing about a variety of software, with an emphasis on how these tools empower businesses. Categories include accounting, learning management systems, content management systems, supply chain management, and electronic data interchange.