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Point of Sale (POS) Software

Have you taken full advantage of the benefits of point-of-sale (POS) software solutions? There are few tasks as important to a retail business as selecting the right point-of-sale system. The payment options offered, the speed of the transaction, and the ability to tailor the transaction to the customers’ needs each have profound impacts on customer satisfaction and your overall business success. Discover what POS features you need to boost your retail profits in this article.

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The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

What is Point-of-Sale (POS) Software?

Point-of-sales software coordinates the execution of in-person retail sale transactions by supporting payment collection, receipting, and back-office processes.

Critical business benefits enabled by POS software include:

  • More accurate and timely retail accounting based on the ability to integrate POS functions with core accounting applications
  • Improved customer satisfaction based on more rapid checkout experiences
  • Increased sales revenues supported by more effective promotions management and the delivery of cross-sell/upsell recommendations to retail staff
  • Reduced stock management costs as a result of automated inventory count updates following customer transactions

Key POS Software Features to Consider

Feature Definition
Multiple payment method support Point-of-sale software can support payments in multiple formats including cash, credit, debit card, check, gift card, and others
Refunds and return management Returns management functionality provides coordinates the successful completion of return tasks such as evaluating item conditions, restocking, and issuing refunds/credits
Receipting POS software allows for the creation of customer receipts documenting transaction details, often in a variety of receipt formats
Customer loyalty/rewards programs Customer loyalty programs allow customers to accrue benefits or store credit based on order histories or other factors and can be used to improve customer retention
Promotions management Promotions management capabilities include the ability to manage discount deductions item/customer eligibility checks and with automated cost calculation
Item look-up POS systems with integrated invenotry control or access to separate inventory management systems allow cashiers to check on item availability from a POS terminal
Customer database Customer databases are used to track contact information, buying histories, and other factors that can enhance ongoing relationships with retail customers and promote increased sales activity
On-account sales On-account sales capabilities allow customers to receive items immediately and make payment on an issued invoice at a later date
Age verification Age verification may be required for sellers of items such as alcohol and tobacco
Gratuities management Gratuities management capabilities allow for customers to leave tips and provide support for gratuity calculation and reporting on compensation distribution
Paypal integration The ability to enable the use of online payment services such as a PayPal is an increasingly common POS functionality that provides improved customer payment method flexibility
Touchscreen integration Touchscreen capabilities allow for more rapid data entry of commonly purchased items

Point-of-Sale Software: Examining the Opportunities

Point-of-sale represents the area where retail businesses conduct their most intensive data entry. At no other point is there such an opportunity to improve efficiency. From moving customers through the checkout line to automatically integrating with back-end financial management systems, point-of-sale software provides powerful tools to improve productivity.

Point-of-sale software opens up a host of other major business opportunities:

  • Real-time access to accurate inventory counts
  • Automatic integration with accounting software
  • On-the-spot upsell recommendations
  • Improved markdown and promotions management
  • Tighter controls for return authorizations
  • Customer info tracking for ongoing marketing
  • Product sales trending
  • The list goes on…

A Competitive Market is Improving POS Investment Returns

The recent years have also been kind to retailers eager to improve their technology advantage at the counter, but concerned about the cost of doing so. Three big factors have contributed to lowering costs and improving ROI rates for investments in POS software:

  1. Cloud-based, SaaS options mean retailers can spread costs over time, rather than make a large capital expenditure on a new system.
  2. An increase in the number of POS providers developing software is creating price competition while allowing for tighter targeting of niche industry requirements—limiting the need for expensive customization.
  3. Mobile apps have turned phones into portable payment kiosks, minimizing hardware requirements, while enabling retailers to take the transaction from the counter to the sales floor and beyond.

Automation at the Counter with POS Software

Automation and efficiency are keys components of how POS software generates a return. Accurately inputting items sold, quantities, and price can be automated in a number of different ways. Many point-of-sale applications allow for bar code scanners as a way of transmitting information about the item being purchased. Whether the information is gathered through touch-screens, bar codes, or manual input of item codes, POS software will associate the item and quantity input with a per unit price. The point-of-sale system is also responsible for summing the total of all items and providing a balance due figure. Research has shown repeatedly that errors are dozens of times more likely with manually calculated balances as opposed to those derived at automatically by software. Also, the ability to create line item records for every item sold is a first step in preventing fraud and theft.

Track Buying Trends with Point-of-Sale Software

An often-overlooked capability of point-of-sale software is the ability of intelligent software to assist in promoting increased sales volumes. The point-of-sale offers a tremendous opportunity to get to know your customers and to appeal to their consumer needs. Detailed sales histories let you see firsthand what your hottest sellers are and which products are not moving as fast as you’d like. Understanding the buying trends of individual customers further helps target sales opportunities—provided the information is shared with the right employees at the right time.

Access Key Point-of-Sale Reports

Point-of-sale systems capture data critical to making solid business decisions. POS software can be integrated with inventory software to deduct items from inventory as they are sold. Understanding precise inventory stocks and the rate of sales on products allows retailers to make good decisions on when to re-order items. Ordering stock wisely means ensuring availability without tying up cash in overhead expenses.

Enabling Multiple Payment Options

The cash only retail business is quickly fading into obscurity. Today’s consumers expect uniform access to the payment method of their choosing. Point-of-sale systems help to accommodate this business reality. Point-of-sale software modules easily allow credit card processing and are built to easily receive input from credit card swipers. While credit and debit options have reduced the number of checks being written, many customers still expect the option. Payment by check has historically offered an opportunity for fraud and lost revenues, but modern point-of-sale systems have introduced security tools to help minimize this possibility. Many point-of-sale applications can integrate with check reader hardware and check verification services. Of course, virtually all point-of-sale systems require the ability to support cash transactions. Tight integration between the point-of-sale software and the cash drawer is a must.

Point-of-Sale Hardware Integration

Most point-of-sale experts recommend choosing software and basing the decision on what hardware to use off of the software system, rather than vice versa. The basic reason for this is that the software provides the intelligence in the system and will have more specific requirements about which hardware devices can be integrated. Typical hardware needs for POS set-ups include: credit-card swipers, computer terminals, monitors, bar-code scanners, receipt printers, touchscreens, computer peripherals such as keyboards and mice, and cash-drawers.

Taking the Next Steps

Automation of your transactions will not only help you process transactions quicker, it will also speed up reporting and inventory management. Whether you are looking for a standalone POS solution, a solution to augment your current systems or a complete ERP solution, we can help you narrow down the number of options for you to consider.

Through a brief phone call, our software specialists will look to better understand your business and software needs to help you locate a handful of solutions suited for your specific requirements. Get started today!

Popular POS Software Products

Looking for great POS software options? Below you can check out a list of the products most commonly considered by others searching for POS software. The list on this page is based on many years of real software matches. But everyone’s needs are different. Browse for fits with your specific requirements or let us help you identify your top options.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • Epicor Retail by Epicor Software

    In today's global retail market, retailers are seeking solutions to innovate the shopping experience and out perform their competition. Whether you are a specialty or general merchandise retailer, overcoming the challenges to manage multiple sales...

  • NCR CounterPoint by NCR

    CounterPoint real-time software is a graphical point of sale and inventory management system that gives retailers complete data access and control over their business operations. CounterPoint includes a robust inventory management system,...

  • Denali POS+Accounting by Cougar Mountain Software

    A modulated business accounting software solution for small to large businesses, and CPAs who support these businesses. Integrated Point of Sale functionality allows you to manage your store fronts, eCommerce sites, inventory, and sales with...

  • Fusion Retail Management by Fusion Retail Management System

    Since 1988 Fusion has brought clients robust Point of Sale functionality integrated with Mid-Market ERP packages. Eliminating redundant data entry, optimizing inventory levels and improving management reporting are all hallmarks of a Fusion...

  • LS NAV by LS Retail

    The complete retail management system LS Nav is an end-to-end retail management system that gives retailers full control over their business processes, and real-time access to valuable data and analytical tools. LS Nav covers the whole...

  • ProphetLine for Windows by ProphetLine

    ProphetLine for Windows is an affordable, easy to install, simple to use and powerful POS, Inventory, Accounting and Web-Shopping solution used by thousands of successful retailers. Visual ProphetLine is a powerful, scalable and highly...

  • LightSpeed Retail by Lightspeed

    Lightspeed Retail is more than a retail POS software — it’s a store management system that’ll help you run every aspect of your retail business. From inventory management to data analytics, sales processing and employee management, our cloud-based...

  • Dynamics RMS (Retail Management System) by Microsoft

    Dynamics RMS (Retail Management System) offers small and mid-market retailers a complete point of sale (POS) solution that can be adapted to meet unique retail requirements. This powerful software package automates POS processes and store...

  • CashierPRO by CashierPRO

    CashierPRO is a powerful Point-of-Sale & Inventory Management system, designed and priced specifically for small-to-mid size (from 1-15 users per site) Retailers. Whether an independent retailer, or Buying Group focused, CashierPRO is an...

  • LS Retail by LS Retail

    This fully integrated solution delivers the breadth and depth of functionality demanded by large and small retailers, without the need to build, manage and maintain multiple applications and inconsistent interfaces. Its unique use of a single...

  • QuickBooks Point of Sale by Intuit

    QuickBooks Point of Sale is affordable, easy-to-use retail software that replaces your cash register and allows you to track inventory, sales and customers. Use it alone or get it bundled with hardware components that can save you time and reduce...

  • Keystroke POS ‑ Point Of Sale Software by Specialized Business Solutions

    The Keystroke POS system combines a user-friendly interface with exceptional speed and flexibility to provide a powerful, yet affordable automated management system. Keystroke POS excels in the areas of streamlined transaction entry and...

  • Revel POS by Revel Systems

    Check out Revel’s iPad POS Products to learn more about each point of sale product. With every POS software package built specifically for that business type, and built to scale, Revel is sure to have the software package that is right for your...

  • Retail Point of Sale by Compass Technologies

    Compass Technologies is an authorized Solutions Developer for Microsoft Business Solutions, Great Plains products, serving U.S. and international clients for more than a decade. Recognized for innovative software and quality processes with many...

  • Encore For Retail by Anagram Systems Limited

    Encore For Retail – EPOS & Stock Control In today’s crowded marketplace, small and midsize retailers need to work as efficiently as possible in order to maintain their competitive edge and generate more sales. We provide Encore, a powerful...

  • Hike POS by Hike

    Your complete retail platform to sell everywhere Hike makes it easier than ever to start & grow your business. Use Hike to sell your products in-store, at pop-up stores, markets and even online. The best part is that with all sales channels...

  • Retail Anywhere POS by NetSuite

    You need an easy-to-use point of sale and retail management solution that helps your business run more profitably. We understand. Retail Anywhere’s POS and retail management suite offers a powerful system of integrated software and services to...

  • ACDEV POS by ACDEV Software

    ACDEV POS is a Web/IP-based point of sale (POS) designed to seamlessly integrate to your accounting system. By providing a simple retail front-end and a sophisticated accounting back-end, you will better manage your business. Features included in...

  • Retail Realm Essentials by Retail Realm Distribution

    Retail Realm Essentials™ - is a retail management system for the small and medium business (SMB) that manages both store and head office functionalities. The solution is based on the Microsoft Dynamics AX platform that supports multiple businesses...

  • Retail Pro by Retail Technologies International

    Retail Pro was first released in 1985. It now is installed in over 20,000 locations in 60 countries. Suggestions and feedback from retailers, combined with the skills of a top quality development team, make Retail Pro a highly effective retail...

  • PULSE POS Analytics by Leahy ERP Solutions

    ##Features Bring fact-based information to your retailers Turn data into actionable intelligence Track product trends and launches across retailers Monitor inventory levels to reduce stock-outs Identify top-selling product...

  • Retail Advantage by Nodus Technologies

    Improve The Efficiency of Your Retail Operation Bridge the gap between your systems and synchronize your purchases with your back office solution. RMS Advantage connects Microsoft Business Solutions-Great Plains SOP module with Microsoft...

  • Fusion Integrated Solutions by Point Solutions LLC

    For over a decade, Mik & Associates has specialized in integrated custom and commercial software solutions. Our flagship product, Fusion Retail Solution™, is a cost effective, time saving point-of-sale solution for every environment; from...

  • Acme Point of Sale by Acme Point of Sale

    Dump that cash register or point of sale app that looses you more money than it saves. Use a complete solution built for specialty retail. Get a competitive advantage not available in entry level systems for less than you might imagine. Put more...

  • Aldelo for Restaurants Pro by Aldelo Systems

    Aldelo For Restaurants Pro is the ideal point of sale and store management solution to help simplify operations for all table service restaurants, quick service restaurants and bars. Aldelo For Restaurants Pro takes care of point of sale...

  • Banyon Point of Sale by Banyon Data Systems

    Tired of hand writing receipts for your customers and manually entering into your other software? Point of Sale (POS) will eliminate that for you as it interfaces with Banyon Fund Accounting, Banyon Utility Billing, and Banyon Property Management....

  • iVend Retail Suite by CitiXsys Technologies

    Thousands of stores in over 45+ countries run iVend Retail to manage their retail operations. Successful retailers have efficient and integrated business processes compared to their competition. Starting from the front-end cash register/ POS,...

  • Business Controller Plus by CAM Commerce/MicroBiz

    MicroBiz Corp. is the leading provider of point of sale software, with sales in excess of $8.8 million. MicroBiz was founded in 1987 by Craig Aberle. MicroBiz, with over 120,000 installations worldwide, develops point of sale products designed...

  • AccuPOS by Attitude POSitive

    AccuPOS Retail, the Point Of Sale for QuickBooks®, Peachtree® and BusinessWorks® by Attitude POSitive is a Windows based Point Of Sale solution that is transforming how a Retailer uses Accounting. AccuPOS Retail was designed in VC++...

  • Dinerware by Dinerware, Inc.

    Dinerware is intuitive restaurant POS software – created by restaurateurs, for restaurateurs. Dinerware restaurant POS software is designed to help bars and restaurants operate smoothly. Dinerware was created to be easy to learn, use and modify –...

  • ECi RockSolid by ECi Software Solutions

    It is an easy-to-use POS, inventory and accounts receivable system. RockSolid is integrated with major wholesalers in the hardware/hardlines industry for ordering and pricing but could be utilized in almost any retail market where POS, inventory and...

  • ExactisPOS by Technology Solutions Associates, LLC

    Provide a better experience for your customers by using ExactisPOS. Exactis Point-of-Sale fully integrates with Open Systems' Traverse ERP accounting software and utilizes Microsoft's® Sql Server. ExactisPOS provides a clean, cashier...

  • The Orion Point of Sale System by Orion Digital Integration

    The Orion Point of Sale System is a flexible, user friendly, easy to use point of sale system. What makes Orion POS different from other systems is that it is designed to integrate directly to either the Sage Accpac ERP system or the Sage Simply...

  • UPOS by UPOS International

    The Ultimate Point of Sale lets you enter a sale in Seconds! Both fast and efficient, UPOS incorporates the latest in touchscreens, barcode technology, inventory control and management. UPOS Features Optimized sales entry for the...

  • Windward System Five by Windward Software

    Windward System Five Helps Run Your Business More Efficiently Ideal for companies that need more than basic accounting software, Windward System Five offers affordable, flexible, and fully integrated financial management, point of sale,...

  • myFiO RMS by Group FiO

    MYFiO RMS - A simple, feature rich and exceptionally scalable Retail Marketing Solution built especially for the SMB’s to help arrest customer attrition and increase customer acquisition. MYFiO RMS has a lot of Innovative features that will help...

  • Asset Guardian by Asset Guardian

    Asset Guardian – developed by control and automation engineers for control and automation engineers. The extensive functionality of Asset Guardian can be summarised into three main categories; Compliance Management, Configuration Change...

  • Restaurant365 by Restaurant365

    Restaurant365 is built on the powerful Microsoft Dynamics platform, and offers a complete suite of restaurant management software modules including accounting, operations (or ‘above store’), catering/event management, marketing, and franchising. It...

  • Tagetik 4 by Tagetik

    Tagetik 4 is an innovative software solution for performance management that unifies all of your Finance organization’s processes. From strategic and operational planning to disclosure reporting, Tagetik’s innovative open architecture has only one...

  • Acumatica ERP by Acumatica

    Acumatica is a cloud ERP system designed for the SMB market. Acumatica includes functionality for financial management, customer management, project accounting, distribution management, manufacturing management, field service management, and...

  • QuickBooks Point of Sale by Intuit

    ##Run your entire shop with an iPad POS solution. Ring in sales and accept credit cards. Manage vendors and inventory. Build customer relationships. Automate your banking and market your business ##Always On Mode. Even when the Internet is...

  • Vogue Professional by Dimensional Business Solutions

    Vogue Professional is a software solution for independent retailers and wholesalers, specifically those selling soft goods. It includes point of sale, inventory management, warehouse, distribution center, customer account management, order...

  • CounterPoint V7 by NCR

    CounterPoint, Radiant Systems' point-of-sale and inventory management application, offers countless front- and back-office tools to help retail, wholesale, and mail-order businesses run efficiently and profitably. Synchronics, a developer of...

  • S2K Enterprise Software by VAI

    VAI's technology roadmap, our shared vision with IBM, provides companies with a business model based on best industry processes that leverages technology to create value and improve performance. The S2K family of products includes solutions for...

  • Smartwerks by Smartwerks

    Smartwerks is a fully integrated POS and Accounting Application with real time processing developed for small to midsized Retailers and Wholesalers. This easy to learn and easy to use package offers our clients reporting in real time because...

  • TRAVERSE by Open Systems

    TRAVERSE is an ERP system from Open Systems, Inc. offering financial, operations, and sales functionality. Traverse provides comprehensive integration for key business processes, while offering the ability to scale from 5 to 500 users....

  • eHopper by eHopper

    eHopper is an intuitive and easy-to-use cloud-based POS system developed for small business management, offering features and solutions that drive efficiency with business operations, cut operating costs and transparency when looking over important...

  • DacEasy by Sage

    DacEasy is no longer available for purchase and new software licenses are not available. The only product offerings available are upgrades to existing DacEasy customers.. DacEasy is a powerful,...

  • Emforium's ALL‑IN Software by emforium Group

    Emforium's ALL-IN Software for Jewelry Retailers was designed with everything you need to, grow & manage your jewelry store. Unlike other retail software, ours is securely hosted over the Internet and is offered as a monthly subscription service....

  • Integrated Office Accounting by IOA Software

    Introducing the final piece of the Microsoft Office Puzzle. Integrated Office Accounting provides total Office Integration. This fully integrated software program offers a variety of drill downs for searching through customers, vendors and inventory...

Your POS Software Recommendations

Ready to find out which software solutions are best suited for your needs? Great! Understanding that you’re motivated to find POS software gives us a great start. We’ve helped companies of all shapes and sizes meet their POS software needs. With a bit more information about your unique requirements, we’ll narrow down to your top options. Let’s get started!

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