EPOS systems are electronic point of sale systems that calculate and record the sale of goods or services. They are a very fast and efficient way of dealing with sales as they deal with all the calculations such as totals and change; therefore meaning that a person does not need to do any calculation which in turn reduces the chance of human error and increases transaction speeds.
As well as handling the calculations of sales these systems are also capable of doing a lot more, they are able to take payments, print receipts, keep track of stock, manage customer information and provide information about the demand of products.
EPOS systems have made a huge difference for many businesses, in particular for retail businesses; from a customer’s point of view there is nothing worse than waiting in a long queue for the till and these systems have sped up the payment process, therefore reducing these waiting times as much as possible. They have also made a difference to retail businesses because of the way they can manage and report on your stock; not only can they can tell you when stock is running low, it can tell you which products perform best and conversely which do not perform so well, therefore allowing you to make better decisions, increase profits and reduce wastage.
EPOS systems are made up of computer hardware, usually a dedicated Touch Screen Till, EPOS software and a selection of devices which will depend on the environment in which it is to be used; these devices include things like keyboards, touch screen monitors, barcode scanners and more.
Depending on the situation the system is configured to work with different devices in order to provide the best solution, for example in supermarket where the demand is high and speed is necessary an appropriate barcode scanner can be used for inputting data, or in a restaurant where speed is less important and no products need to be scanned, a touch screen monitor would be more appropriate.
So if you manage a business that you think would benefit from fast transactions, accurate pricing, stock and data management and much more, then an EPoS system could be the perfect solution for you!