Retail Point of Sale (POS) can’t be compared with traditional cash registers. While POS systems can do everything that cash registers can, they’re also capable of more sophisticated functions.
The reason why POS systems include more features has to do with their technology. POS systems are run off of personal computers, which can run several applications at the same time.
A recent Tech Target article talks about the differences between POS systems and cash registers. According to the article, there have been significant advancements made in the past few years that differentiate the two systems:
“Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve.”
As far as businesses go, the main benefit of POS systems is that they have a positive return on investment. When businesses invest in POS, they receive many benefits in proportion to the price they pay.
This is particularly true in retail. An important function of retail POS is that it keeps track of inventory. When customers are coming in and out throughout the day and there are hundreds of orders being made, this feature becomes invaluable.
POS has become a staple of many retail businesses’ strategies. It has a high ROI which encourages companies to invest in a system sooner rather than later. With a POS system, businesses don’t have to worry about managing inventory, processing credit cards, or tracking orders.
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