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Brick and mortar shops generally use traditional EPOS system to facilitate the checkout process, collect payment from the customer and log/print receipt data. However, a recent EPOS system has set a standard for sales process management, combining the convenience of E-Commerce, mobile compatibility and a software based approach that is vastly better than the analogical hardware based EPOS system of the past.

There are 12 reasons why each business should equip an EPOS:

1. Accepting the Widest Range of Payment Methods

With card swiping dongles making it simple for offline customers to swipe their card online payment processing that can accept any type of payment, an EPOS can equip your business to collect payments. Accept foreign currencies, direct bank transfers, funds from a payment processing account? All the possibilities are within reach using a mobile

They are simple POS programs to advanced programs with a large number of features designed to streamline operations and improve efficiency. Also, there are many different vertical markets that POS software providers have customized their POS software to deal with.

The term "EPOS software" is a little bit deceptive because the vast majority of POS software programs handle much more than simply "point of sale" tasks. That is the reason the term "retail management epos software" is being used more often.

You may see sites and other sources refer to a similar software package as "point of sale software", "pos software", or "retail management software". In any case, don`t let this confuse you. They`re all referring the same.

The term "POS software" is basically a phrase that software providers thought of to describe their software. The issue is that every POS software system can be different! Also, the product

In many of the countries like United Kingdom, Ireland, and some other Commonwealth countries, `Till` means the same as the `cash register.`

In general cash registers print out receipts and other record-keeping data. In general, customers use the latest ones with no intervention from sales staff.

American saloon keeper, James Ritty and John Birch invented the cash register. The cash register was introduced soon after the American Civil War.

Mr. Ritty wanted a way to find a way to stop shop keepers from stealing money at his saloon in Dayton, Ohio. Thus, he began thinking of a device that could prevent pilfering.

The inspiration came from observing how a tool used to count the propeller on a steamship. In 1879, they have created a device called Ritty Model I9. Along with his brother, John Ritty, they patented the model in 1883 and called it Ritty’s Incorruptible Cashier.

How will EPOS benefit my business?

Insight

By building up a clear and exact view of your business performance, you can set improving it. Visibility: There are several reports available that can be tailored to measure a vast array of information from margins, stock and sales. Spot trends: These analytic reports will allow you to spot trends hourly, monthly or reasonably. This will allow you to dedicate the resource you need when you need them, for example, having more staff on shift between 6pm and 8pm, or knowing you have to stock additional sun cream in June.

Know what your customers need: Knowing your most popular products allow you to discontinue unpopular items, or push surplus stock. You can also observe what certain customers are purchasing and target push promotions to their email or cell phone.

Time

Many businesses owners testify to never having enough time in the day to do everything required for the development

A simple answer is that it depends. Another is that it could cost anything in the range of zero and £10,000 every year, but it won`t help you. That is the reason we thought of writing about an EPOS – we get that question each day.

You can use this test here to get automated suggestions.

Roughly, if you want to get a good, latest system that can give you the ability to ring sales, have access to elementary analytics and process card payments, you can spend:

• • It will be in the range of £600 to £900 + vat for the hardware per till system
• • Between 1.5% and 1% of your card revenue to cover for software/support and payment processor for accepting online payments

Don’t quote me on this! The above is just to cut to chase and offer you a high level quick response. Now let me explain in more detail.

To have a running POS system, you need to have 3 things: EPOS Software, hardware and a payment processor to accept online payments.<

Are You Right? You couldn`t be wrong. It doesn`t matter what size your business is as you require an EPOS system – and you require it immediately. You don`t need to contribute the entirety of your reserve funds and the EPOS can really assist you with boosting your investment funds. In any case, you may not yet be persuaded about the advantages of an EPOS system for your business. Newer Billing Systems Traditional billing systems are outdated.

Most retailers have now shifted over to handheld billing systems, similar to tablets and cell phones. The EPOS system is loaded on to the tablet and cell phone and can be accessed through a small icon. For example, if you have a site, your online shopping cart can be integrated with your tablet or cell phone EPOS system.

Customers who buy online are processed through a similar EPOS system. You will be notified when sale has been taken place and you c