POS
Point-of-sale (POS) technology has revolutionised the way that we shop and trade.Point-of-sale (POS) technology has revolutionised the way that we shop and trade. It’s the evolution of the cash register – enabling businesses to process sales and accept payments, whether they are cash, credit cards or being paid via mobile. The right POS system can be transformative for business, enabling more efficient transaction management and streamlining the cash handling process.POS technology uses software combined with a device to enable sales to be processed, payments taken and funds sent on to business accounts once a sale has been completed. A POS can be tailored to the needs of the individual business, for example printing receipts or scanning bar codes too. Even a small enterprise can benefit from a POS system that enables sales to be electronically processed and recorded. The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order. POS terminal software may also include features for additional functionality, such as inventory management, CRM, financials, or warehousing. Businesses are increasingly adopting POS systems, and one of the most obvious and compelling reasons is that a POS system does away with the need for price tags. Selling prices are linked to the product code of an item when adding stock, so the cashier merely needs to scan this code to process a sale. If there is a price change, this can also be easily done through the inventory window. Other advantages include the ability to implement various types of discounts, a loyalty scheme for customers, and more efficient stock control, and these features are typical of almost all modern ePOS systems.
functionality, yet retaining the simplicity. Trusted remote access, round the clock connectivity, quick installation process and ease of use are all features that make Tally ERP 9 a necessity for businesses across the globe.
