To effectively manage a retail business, a store manager must deal with constant inventory, managing employees, measuring profit margins, and keeping the lines moving. In order to do all of that successfully, a retail establish needs retail POS software to manage, measure, and automate various tasks around the business.
A retail POS system helps manage in-store operations but can also be used as a sales tool by integrating with your eCommerce operation. This includes your various third-party sales channels like eBay or Amazon and your very own online store.
Whether you own a jewelry store, a gift shop, or even a clothing store, mobility is highly important in a retail business. More importantly, you need a cloud-based POS system that’s fast and easy to train your employees on.
Easily accept credit cards (and be in full PCI compliance), track your sales, issue gift cards, provide a central time clock for your employees, and manage your customers’ purchase histories.
Want to skip right to best retail POS system? Take a look at Korona POS. This cloud-based POS system offers inventory management and real-time reporting features like no other software provider in the industry. Korona’s software also offers really fast transaction speeds, which will help your retail business focus on customer service.
Let’s dive into the top retail POS systems that can help you minimize training time and increase profits.
The Top 10 Retail POS Systems for 2021
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1. Korona – Best POS System for Any-Size Retail Business
Table of Contents
- 1. Korona – Best POS System for Any-Size Retail Business
- 2. Vend – Feature-Packed Software for Retail Stores
- 3. Shopkeep – Easy to Use Retail Management System
- 4. Square – POS System for Small Retail Stores
- 5. Clover Station – Best Retail POS System for Small Business
- 6. Revel Systems – Retail POS with Inventory Management
- 7. Shopify POS – Retail POS for eCommerce & Physical Stores
- 8. Retail Pro – All-Encompassing Retail CRM
- 9. Epos Now – Free Retail POS System
- 10. Springboard Retail – Retail POS System for iPad
KORONA built specific software for retail management. The technology is designed to make business easier to run with automation tools, inventory management, and vast sales reports and product data.
Plus, the experience has been crafted to be straightforward and user-friendly. The vast array of tools and features are simple to learn how to use and implement into a new and existing business of any size or niche. Its scalable features allow for greater flexibility in all operations of business.
Inventory
KORONA comes with standard inventory features built to handle a large product catalog. There is no maximum allowed inventory or POS users. Product data can be easily uploaded to the system and edited when a product needs to be changed/added/deleted.
The strongest aspect of the inventory system lies with its automation. Product notifications, ordering, vendor management, invoicing, and more can all be automated to improve accuracy and efficiency.
Transaction Time
KORONA boasts the fastest transaction speed in the industry. Users rarely have issues with any transaction and are able to get through long lines remarkably quickly.
During the busiest times of the day, retail stores need a system that they can rely on. KORONA does that for both the cashiers and the customers, providing a seamless checkout experience. Their diverse set of hardware options also provide retailers with choice in this aspect of the business. In particular, this system is excellent for hardware stores or gift shops.
Cloud-Based System
As one of the first POS systems to pioneer the cloud-based model instead of a traditional legacy system, KORONA offers a secure and reliable software.
All data is stored in remote servers, keeping it off-site and allowing users to access the data from their backend system. This can be done with any internet-connected device from any location so owners and managers no longer have to be on location to see accurate, real-time data.
Multi-Store & eCommerce
KORONA is designed for any type of shop. And when a smaller location is ready to scale up, KORONA is ready to grow together. Product data can be transferred with just a few clicks, making the process easy.
Its WooCommerce integration makes expanding the omnichannel shopping experience simple and straightforward. All product data between brick and mortar locations and online is consolidated into a single system. With powerful data and analytics, retailers can see individual store performance or a broader picture of the entire operation.
Employee Management
KORONA comes with features to help retail businesses manage their employees and improve individual performance. Shift reports, employee permission levels, anti-theft features, and overall ease of use help ensure that vape shops are getting the very best productivity from their employees.
Product Reports
Vast data analysis through KORONA’s custom KPI reporting means that stores can better break down important data into digestible pieces. Users can customize their sales by employee, season, time of day or week, promotion, and a whole lot more. These allow you to plan discounts and pricing and adjust your product ordering accordingly.
Hardware
KORONA’s software integrates with a variety of hardware options. Terminals can come in many forms, including touchscreen self-check kiosks, customer facing desktops, and tablets.
Plus, KORONA integrates with all modern payment systems including contactless and EMV terminals. The payment system does not include processing, so users can use any major merchant service solution of their choice.
Subscription
The retail point of sale comes as a subscription service. Users pay a monthly fee for each terminal that is in use, though the number of individual users is unlimited.
Pricing starts at $49/month. This can be paid monthly or in an annual sum at a discounted rate. The subscription comes with no hidden fees, additional costs, or contractual agreements. And there are no cancellation penalties of any kind.
Customer Support
All customer support, training and set-up is included in this price. KORONA’s team of product specialists is available by phone, chat, and email. In cases of emergency, they’re also available by phone 24/7.
Better yet, KORONA’s in-house support team will be there for you from day one. Free trial users can schedule a personalized demo with their own data to see exactly how the software will look and behave. This lets users know exactly what they’re purchasing before spending anything.
2. Vend – Feature-Packed Software for Retail Stores
Vend POS is aimed at retailers who want to add new storefronts without adding new headaches.
No one ever said “I want a successful business, but not too successful.” When you’re ready for your second, or third, or twelfth Grand Opening, Vend won’t say no.
Features
API
Vend plays nicely with other software services. If you like its list of features, but there’s that one must-have for your business that you can’t see to find, Vend probably has an API integration for it.
Reporting Suite
Businesses don’t grow in the dark. with advanced reporting, you can drill down into any detail of your operation to get the insights you need.
Payments
ALL the payments. Vend provides support for discounts, line item notes, bundles, variants, returns, refunds, store credit, layaway, gift cards, NFC transactions, and split payments.
Automated Stock Orders
You can’t sell what you don’t have. And being short-stocked can discourage repeat business. But with automated stock orders, your best sellers will always be on the shelf.
eCommerce integrations
Vend also shakes hands with completely separate systems, as well. If your business got its start online (for example) Vend can easily import and sync all of your inventory, sales, and customer records.
Connect with the most popular eCommerce shopping carts like Shopify and Woocommerce.
Custom Receipts
Yes, even your receipts can be a branding position. Add your logo or a custom message to your receipts to stand out at every opportunity.
Hardware
Vend works online, and syncs automatically after an internet outage. Vend has software clients for iPad, Mac, and PC, all of which tie in seamlessly with whatever hardware you need.
Choose from several hardware packages for your new store, or choose hardware a la carte for more specific needs.
Multi-store And Multichannel Selling
As stated, Vend is aimed at retailers with multiple storefronts. But since business is increasingly done on mobile devices, Vend will also connect with your online storefronts. Vend POS does an amazing job with Multichannel selling(source), which is very important in the retail industry.
Pricing
Vend offers a free 30-day trial of is software. After that, options $99/mo for the Lite version, geared for one store, and $129/mo for the Pro version, geared for 1 to 6 stores.
Enterprise plans are also available.
Customer Service
Vend provides the usual plethora of onboarding, FAQ, and self-help options, including email, live chat, a Knowledge Base, and Vend University, as well as a more personal touch from Professional Services experts (for an added fee).
Downside to Vend
Vend is a little shy on some of the advanced features offered by the industry leaders. In the unlikely event that you need “crisis management” customer service, priority support will cost you.
3. Shopkeep – Easy to Use Retail Management System
Shopkeep is an easy choice for most small, single-shingle retail stores. The ability to customize your register makes it a bit of a chameleon, blending in to the exact workflow your business requires.
Features
Staff Management
Shopkeep isn’t just a point of sale; it is also a hub for your staff’s daily tasks. Your employees can manage their time clock, and you can track their performance, all without switching systems.
Each user can have unique permissions for their login, such as the ability to offer discounts or to authorize returns.
Hardware
Shopkeep’s marketing hook for this heading is “combines genius software with reliable hardware.” Pretty effective positioning.
The reality, though, might be short of that promise. As of the date of this article, the “Create my custom quote” link on their software page is non-operative, and I couldn’t find a lot of specifics or specifications on their site.
Inventory Control
Shopkeep enables you to manage most aspects of your inventory, such as S&R, adjustments, raw goods tracker, and bulk management.
Pricing Options
Do you sell items by weight? Do you offer bulk discounts? What about customized add-ons, like laser engraving? Do your customers need to make down payments, or layaway payments? ShopKeep is ready to make these adjustments.
Customized Receipts And Label Printing
With your brand visible on everything the customer touches, you won’t waste any opportunity to build recognition and reputation.
CRM Tools
With a few key CRM features, your ability to upsell will get a boost. Identify your MVCs (most valuable customers), and even track the way your customers interact with your receipts.
Integrations
Shopkeep partners with BigCommerce for eCommerce functionality, MailChimp for email marketing, and Quickbooks for some accounting features. Beyond that, though, extra API integrations are limited.
Pricing
Shopkeep recently updated to a somewhat innovative pricing model. Instead of a flat, predictable fee every month, it is now far more tailored to the user. Obtaining a quote for your specific business is fairly simple, and prices are reported to be roughly in line with the standards rates from its nearest competitors.
Customer Service
Shopkeep customer support reps are reportedly top-notch. Submit a web ticket, and someone will be in touch before long.
Self-help options are a bit less robust than some competitors, offering only a FAQ, troubleshooter guide, and a few key articles on common topics.
Downside to Shopkeep
What Shopkeep does, it does very well. But there are a few notable feature gaps. If you’re thinking you can just add that key functionality with a few API integrations, you might want to take a look at their rather short list of available plugins.
4. Square – POS System for Small Retail Stores
Square is arguably the industry standard, but not necessarily the best option for everyone.
Features
Hardware
Square has offered some of the most reliable and most stylish hardware since nearly its beginning. In fact, “Square” is nearly synonymous with said hardware in the mind of many early adopters.
Choose from starter bundles for a variety of business types, or hand-select just the pieces you need.
Inventory Control
While it’s not the equal of most Warehouse Management Systems, the inventory control offered by Square will allow you to do just about every common task, right from the dashboard.
CRM Features
Square makes it easy to track purchase histories, see buying trends, and send digital receipts through its integrated Customer Directory.
Custom Invoicing
Send professional invoices from your browser dashboard, or even your phone, with just a few clicks.
Marketing
For an additional fee, you can craft email marketing campaigns or social media campaigns, right from within Square.
Appointments
Are you in the service industry? Most POS systems are geared toward retail, but Square doesn’t sell you short. As of the date of this article, many of the services you need are free for individuals and are scalable as your business grows.
Pricing
Square is… free? Free-ish. Many competitors offer less, and charge much more.
The basic POS app is indeed free, but you’ll keep them in business through transaction fees. The exact fees you’ll encounter vary by the hardware you use, and are as follows: 2.5% + 10¢ for Square Register, 2.6% + 10¢ for Square Terminal, and 2.75% for Square Readers and Stand.
Customer Service
Square offers the common self-help options, including a forum, Knowledge Base, videos, and articles.
If you need more intensive support, the email ticket method is best for less-urgent issues, and reps are generally reported to be friendly and exceedingly knowledgeable.
There is also personal support by phone, during normal business hours.
Downside to Square
Reports on Square’s customer service vary widely, which is to be expected with such a well-established user base. The most common complaint is over merchant funds commonly being held, which is a deal-breaker for some small businesses.
5. Clover Station – Best Retail POS System for Small Business
Clover has a bit of a different perspective on the POS industry. While some vendors keep adding more and more functionality, Clover’s software is largely outsourced to an App Marketplace. In stark contrast, its hardware is entirely proprietary.
Conceptually, we understand the logic; open-source software is some of the best, because it’s easily iterative by the most dedicated software engineers around the world, while hardware needs to be static, reliable, and more tightly controlled.
Features
Apps Marketplace
Clover connects with a ton of well-established third-party apps. Top names include MailChimp, Yelp, Xero, DocuSign, and Quickbooks.
Staff Management Tools
Each user can access their own time clock, and managers can customize permissions associated with each employee’s login. Sales stats for their entire team can also be viewed at a glance.
Cash Management
Customers can discreetly set their own tip percentage, and tips can be pooled for equal distribution, or allocated to the specific employee serving the customer. For salespeople, custom commissions rules can also be set.
Advanced Reporting
Clover’s reporting tools can track your best-selling products, your employee’s performance metrics, refund and discount volume, and even a breakdown of the busiest (and most profitable) time of day for your store.
CRM Features
With built-in CRM tools, you can engage prospective customers or entice existing ones to come back for a visit. You can also gather invaluable customer feedback, and possibly move to correct any issues, before you get negative reviews.
Pricing
Prices for a complete Clover setup can vary, depending on the banking institution you partner with. Check with your local business bankers to see if they offer Clover Station and ask about the transaction rates and hardware bundles they offer.
Generally, the hardware will cost you between $1000 and $1200 for one terminal. The software subscriptions are currently $14/mo for the lite version, and $29/mo for the full version, plus applicable transaction fees.
Customer Service
Getting the assistance you need for Clover Station can be tricky. Do you call your merchant account provider, or First Data (Clover’s parent company)? With the many apps you’re likely to spring for, how can you be sure which one is causing problems?
Your options are recommended in this order:
- Self-help:
- FAQ
- User guides
- Articles
- Videos
- Call your own Merchant Services provider
- Call First Data
Downside to Clover Station
Starting up is not a small matter. With propriety hardware, your budget will take a hit before you can even take the system for a trial run.
Coupled with the many extra steps to secure the best price from your local merchant account providers, starting out with Clover for the first time is a full-time job. After that, though, onboarding gets much easier.
6. Revel Systems – Retail POS with Inventory Management
Revel is an ultra-savvy POS and requires a commensurately savvy business owner to tackle it. If that’s you, then get ready for one of the top POS alternatives to Shopify.
Features
Second Screen Pairing
The Revel POS iPad app can pair with a second, customer-facing screen. This rare feature can be used to ensure order accuracy, for easy input of customer data, or to enter discreet tip amounts.
Reporting And Analytics
More than just a data aggregator, the reporting features allow you to track your inventory, reordering, sales, top selling products, and most profitable times of day, all from one dashboard.
API
Revel Systems integrates with a slew of top-notch third-party providers. Get plugins to bolster your accounting, eCommerce, payment gateways, employee management, and a whole lot more.
CRM And Loyalty Programs
Create custom rewards programs that are perfectly suited to your business, your customers, and your products.
Staff Management
Revel allows you to track time clocks (including overtime), assign tasks, manage schedules, and set individual permissions – right from the dashboard.
Inventory Management
Revel knows that each type of business requires its own inventory tracking. Restaurants need ingredient trackers, and clothiers need matrix inventories.
While Revel may be a better fit for mid-sized businesses, any type of business can appreciate its array of features.
Extra Industry-Specific Features
Revel does not leave anyone out; less-common features come standard, like table management for restaurants and delivery management for door-to-door service.
Pricing
The pricing for Revel is customized to the user’s specific industry and sales volume. Prices are reportedly higher than average, but then again, Revel offers higher than average functionality.
Customer Service
The customer support options offered by Revel are fairly impressive, with a few unheard-of perks.
There are onboarding and troubleshooting videos, articles, and FAQ, but the level of personal attention offered by Revel puts them a cut above most other vendors. Choose from email, phone, web ticket, remote assistance, and even on-site assistance. Some of these methods will incur an additional fee.
Downside to Revel Systems
As stated, Revel is not for the faint of heart. Initial setup and onboarding can be a bit of a beast. But while it might not be “best in class” off the starting line, its top speed certainly is.
7. Shopify POS – Retail POS for eCommerce & Physical Stores
Shopify got its start in the eCommerce space and earned a solid reputation there for its Shopping Cart software. It was a small leap to bring this expertise over to the brick-and-mortar side of sales. Its borrowed reputation does not disappoint.
Features
Payments
Since Shopify is no stranger to the commerce game, their usual array of payment options carries over to their POS. Split payments, split tenders, custom payment types, gift cards, and store credit are all enabled.
Custom Everything
Custom payments, line items, hardware, receipts, order notes, discount rules, reports, shopping options (online with discounted shipping, in-person pickup, returns, and exchanges… you get the picture.
Hardware
Shopify can utilize a wide range of hardware and includes some rarer options that you won’t find with most other POS systems. Among those options are an integrated WiFi camera for store security, and free shipping and 30-day returns on all hardware.
Reporting
ReportingWhile not the most advanced reporting capabilities in comparison with the competition, Shopify’s reporting and analytic tools are enough for most small businesses (and some mid-sized ones).
CRM
Like most newer POS releases, Shopify can maintain a database of your clients, their shopping history, promotion responsiveness, and contact information, all of which can streamline your sales if properly monitored.
Inventory Managment
A strangely disproportionate number of e-tailers are selling clothing – partcularly t-shirts. As a result, Shopify has thoroughly answered the feature requests from clothing retailers. Its matrix inventory systems, custom collections, and organization filters are top-notch.
Pricing
Shopify has several affordable tiers of service, each with its own features and commensurate pricing. Prices start from a mere $9/mo and have several tiers all the way up to $299/mo. Credit card rates range from 2.7% + 0¢ to 2.4% + 0¢, depending on your plan and sales volume.
Each plan can be tested for free for 14 days.
Customer Service
Shopify reps can be reached 24/7 by live chat, email, and phone. Self-help options are better than most, which include forums, FAQ, user guides, tutorials, and even an eCommerce University.
Downside to Shopify POS
There aren’t a lot of accounting features available for Shopify. The only mentions of it on their site are integrations with various accounting providers, like Quickbooks and Xero.
8. Retail Pro – All-Encompassing Retail CRM
Some people just need to have it their own way. Retail Pro gets it. That’s why their value proposition is on customization.
Retail Pro is a trusted POS for many brands which have carefully crafted their identity, such as Oakley and Calvin Klein.
Features
Customization
Praise for Retail Pro is almost always headlined by its deep customization options, from the POS screen to the inventory labels and custom fields.
Real-time Reporting
With every sale or return, the inventory levels reported for your store will be updated on the fly. You won’t have to wait until the end of he day to see exact stock levels or sales volume.
Staff Management
Retail Pro has a suite of features to serve both all levels of employees. Cashiers and salespeople can utilize the time clock (and managers can track absences and tardies), and employee performance and commission goals can be monitored.
Go Global
One of the notable differences between this POS and most others is its focus on globalization. Retail Pro comes preloaded with 18 languages and supports almost any currency. Exchange rates and inter-national tax rates are also automatically calculated.
Multichannel Selling
Retail Pro can fully integrate with online marketplaces like Amazon and eBay. Your inventory levels and sales data all remain synced, too.
Purchasing Options
Easily manage gift cards, store credit, and gift certificates – support for each individual location or every location throughout a chain.
Pricing
There are three versions to Retail Pro: the Small Business edition, Chain edition, and the Global edition.
While pricing info is very difficult to nail down for either version, most reports generally indicate that the price point leaves something to be desired.The lack of pricing transparency and the service subscription tiers are both extremely uncommon in the industry.
The subscription tiers do offer the entire suite of features, with the only difference between them being the local vs global positioning. This “feature generosity” may be the reason for the pricing obscurity. Keep in mind that most people won’t use ALL the features for their plan, but they will pay the same as one who does.
Customer Service
Customer service for Retail Pro is generally positive, starting with over 800 high-quality training videos.
Downside to Retail Pro
There are many reports from existing users stating that the software is very slow, and equally slow to receive updates. many users also bemoan a lackluster reporting feature.
9. Epos Now – Free Retail POS System
One of the newer players in the POS scene, Epos Now is an impressive release from the UK. It focuses on being a “whole package” solution, with an emphasis on scalability.
Features
Complete System
Epos Now is a one-stop shop for entrepreneurs and small business owners to get their hardware systems in place with a minimal amount of fuss.
Hardware
The Epos hardware setup is one of the biggest draws for the company. The hardware is professional grade, including solid state drives, hydrophobic touch screen, and modern CPU – all with countertop retail in mind.
The POS display has a card reader and customer display built in and can sit atop an all-metal cash drawer.
API integrations
Though they may position themselves as a complete solution, that doesn’t mean they do everything. A lot of essential software services are not strictly POS-specific, but they do need to be linked.
The Epos team allows an open API, so you can connect virtually any extras that your business needs.
Support
The Epos team claims they will help you migrate from any system over to the Epos Now Platform, including all of the data for your products, inventory, and even customer profiles.
Back Office
The dashboard can be accessed from a desktop PC, or from any mobile device. Store owners won’t be in the dark when out of the office. More than a mobile reporting screen, almost all office functions can be performed on the go.
CRM
Easily import customer information to create custom-tailored marketing email, track purchases, manage store credit, and much more.
Pricing
Epos Now offers a generous 30-day “try before you buy” policy.
Plans start from $39/mo and increase with additional features, additional support, and additional registers.
Enterprise plans are available, with custom price quotes provided by a specialist.
Customer Service
Self-help support includes web ticket, built-in “getting started” guide, FAQ, and general tech support by phone or email.
Personalized support costs extra, at a minimum of $39/mo.
Users can upgrade to Premium support for $54/mo, which includes 24/7 phone support.
Downside to Epos Now
The US-side of Epos Now is struggling to catch up to the quality of customer service provided by its UK-based headquarters.
10. Springboard Retail – Retail POS System for iPad
Last, but not least, on our list is Springboard Retail. Springboard positions itself toward medium-sized businesses that are poised for growth and is therefore feature-rich and commensurately pricey.
Features
Multi-store Management
Springboard allows you to manage several retail locations easily, including reports on sales, inventory, and staff. Or, you can easily drill down to view the details of any individual location.
Promotions Management
Easily set up your system to handle gift cards, sales, coupons, and segmented marketing through its CRM functions.
Hardware
Springboard Retail partners with POS Portal for its hardware bundles, for those who want a comprehensive upgrade. For everyone else, Springboard prides itself on being “hardware agnostic,” meaning that it will work seamlessly on any web-enabled device, from Macs to PCs to tablets.
Inventory Control
As a POS serving larger businesses, the inventory features offered by Springboard are a bit more robust than most of the competition. Each product can be set with a custom reorder point, for example, and this threshold can be unique for every store location.
Warehouse Management
While not a full-fledged WMS, Springboard does offer a few nice features for managing your warehouse operations. Inventory transfers, bin locations, and inventory tracking are all included.
Pricing
There are three pricing/feature tiers for Springboard Retail. With each upgrade, you get better support, an increase is customization options, and upgraded features (like automation).
Prices start from $99/mo for the “Plus” plan, $139/mo for the “Professional” plan, and Springboard offers custom pricing for Enterprise-sized operations.
Customer Service
The levels of customer service differ by the pricing tier you subscribe to.
Every subscription level has access to a reasonable volume of articles, for most troubleshooting and training issues. There is also a live chat option found on the homepage of their website, which may be sufficient for quick answers.
For more personalized assistance, phone support becomes available with the Professional plan an above.
Downside to Springboard Retail
Springboard has a few notable feature gaps, including the lack of any real loyalty program. It is also geared very specifically for retail, rather than for foodservice or other service-centric businesses.
Its price is also prohibitive, especially for smaller businesses. Finally, the API options are far more limited for integration of additional software.
Retail POS Buyer’s Guide
An in-line breakdown of all the best POS players is incredibly useful. But if you’re in the market for an upgrade or a switch, it’s easy to get overwhelmed. To help you find the POS that best suits your business, here’s an overview of the features available in a POS. Just like with restaurant POS systems, not every retail system will have every feature.
Accept Payments
The primary function of a POS is to enable to you accept payment for your goods and services. This includes managing cash, checks, credit cards (magnetic strip and chips), NFC methods like Apple Pay, and gift cards.
Track Sales
View the sales you made in a given day, week, or any specified time frame. See which items are selling most or least well. A POS will also enable you to track returns and exchanges.
Track Customers
A POS with Customer Relationship Management (CRM) features will enable you to easily see your customers’ purchase histories, which will make returns and exchanges much easier. These features will also enable you to craft more fine-tuned promotional campaigns.
Hardware
In addition to a way to scan credit cards, POS systems often include cash drawers, barcode scanners, receipt printers, label makers, and of course the screen interface itself.
Promotions Management
While most marketing is not done from the POS terminal, POS software also has a “back office” dashboard mode where managers and marketing professionals can use the sales and customer data collected by the system to craft strategic sales and marketing campaigns. This is also where the rules and rewards for loyalty programs can be set up.
API Integrations
There are a lot of software vendors out there provided software services which are related to POS systems, but rarely integrated natively. Your POS system can be connected to these additional features through an API connection.
Staff Management
Right at your terminal, where your sales floor staff will generally stay, there are many features for making your employees’ workflows more streamlined. They will be able to clock in, and access only those POS functions which are enabled for their unique login.
Inventory Management
When you make sales, a critical function of a retail POS system is to automatically adjust your computerized inventory levels. You will always be able to see exactly what has been sold, and how many you have left in stock.
Some systems will also automatically reorder new stock when your inventory drops to a set lower threshold.
Reporting And Analytics
Retail stores do not thrive in the dark. The more light you can shed on your operations, the better they will run. With advanced reporting and analytic capabilities, you will be able to get detailed information on virtually any aspect of your in-store operations.
Accounting
Software providers like Quickbooks are household names. A POS system will not entirely replace those mainstays but will keep your books on track day to day.
Many systems integrate into your full-fledged accounting software, while others will simply enable you to make informed decisions based on routine accounting operations.
Customized Receipts And Label Printing
Part of operating a retail store is making is as easy as possible for your customers to make purchases. To that end, POS systems often come with the hardware and software required to create labels that reflect your brand, and scanners to ring up bar codes on your products.
Support
Nearly every software vendor out there serves two functions: providing you the product (the software itself) and providing you the service (the technical support to train your staff and troubleshoot problems as they arise).
If your customers are ready to purchase but your system goes down, you’ll likely lose not only that sale, but any repeat business that customer may have represented. It is important that you’re able to get in touch with the technical support you need, when you need it, to resolve any issues as quickly as possible.
Our Final Take
As mentioned above, the retail POS system you choose will have to be customized for your operation. As a retail manager or business owner, you’ll want a system that’s packed with features such as inventory management, gift cards, customer loyalty, purchase history, and more.
Now that you’re fully equipped to do some serious system shopping, check out our more comprehensive reviews on each POS system that made your short list.
