{"id":1786,"date":"2019-02-18T11:46:19","date_gmt":"2019-02-18T11:46:19","guid":{"rendered":"https:\/\/www.sphinx-solution.com\/blog\/?p=1786"},"modified":"2025-05-28T12:07:31","modified_gmt":"2025-05-28T12:07:31","slug":"things-to-know-before-buying-pos-software-solution-for-your-retail-business","status":"publish","type":"post","link":"https:\/\/www.sphinx-solution.com\/blog\/things-to-know-before-buying-pos-software-solution-for-your-retail-business\/","title":{"rendered":"Things to Know Before Buying POS Software Solution for Your Retail Business"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In today&#x2019;s fast forwarding retail environment, you need tools that are as multifaceted as your business. Point of sale has a long history in the retail industry. This concept existed since 1879 and was initially used for registering transactions and to secure money. For decades, the role of the register didn&#x2019;t transform much. However, it was only in the last 25 years that with the advent of internet PoS has become capable of doing much more than its previous role.<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"><\/path><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1 \"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.sphinx-solution.com\/blog\/things-to-know-before-buying-pos-software-solution-for-your-retail-business\/#What_is_PoS_solution\" title=\"What is PoS solution?\">What is PoS solution?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.sphinx-solution.com\/blog\/things-to-know-before-buying-pos-software-solution-for-your-retail-business\/#How_useful_PoS_solution_is\" title=\"How useful PoS solution is\">How useful PoS solution is<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.sphinx-solution.com\/blog\/things-to-know-before-buying-pos-software-solution-for-your-retail-business\/#Emerging_retail_PoS_solution_and_its_benefits\" title=\"Emerging retail PoS solution and its benefits\">Emerging retail PoS solution and its benefits<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.sphinx-solution.com\/blog\/things-to-know-before-buying-pos-software-solution-for-your-retail-business\/#How_to_choose_the_right_PoS_system\" title=\"How to choose the right PoS system?\">How to choose the right PoS system?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.sphinx-solution.com\/blog\/things-to-know-before-buying-pos-software-solution-for-your-retail-business\/#Summarizing\" title=\"Summarizing\">Summarizing<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><span style=\"font-weight: 400;\">Now PoS has become a tool placed at the heart of retailing which connects to the different system. Before we dive deep into PoS for modern-day e-retail, let&#x2019;s brush up the basics.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_PoS_solution\"><\/span>What is PoS solution?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PoS software program is utilized at one&#x2019;s office or business where goods and services are sold to clients or customers. When your business uses a PoS solution, all your customer sales and transactions are recorded using the software. The program tracks everything like total costs, tax and also display balance amount the counter executive needs to pay back to the customers. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, today&#x2019;s PoS solution offers beyond transactions. From inventory management to payroll, a PoS software might include complete functionality for your organization&#x2019;s management. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_useful_PoS_solution_is\"><\/span>How useful PoS solution is<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-1787 size-full\" src=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/Infographics_POS_Solutions.jpg\" alt=\"Infographics POS Solutions\" width=\"720\" height=\"920\" srcset=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/Infographics_POS_Solutions.jpg 720w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/Infographics_POS_Solutions-235x300.jpg 235w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/Infographics_POS_Solutions-360x460.jpg 360w\" sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As PoS software records all transactions and sales, it eliminates no-brainer manual tasks and accurate history. The overall sales history makes it easy to understand the on-demand products and slack things which are lagging in sales. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Keeping track of your inventory manually is time-consuming and expensive too. PoS solution helps you to overcome this challenge by automatically updating your inventory list when a customer purchases from you. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Real-time data access to the sales report helps you to make an optimal decision in a timely manner. Also, the cloud-based PoS solution lets you access the business data from anywhere. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It helps in checking the additional sales by each employee. The overall monitoring of each transaction increases accountability and prevents mishandling of the cash flow. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It helps in data management by integrating with other entrepreneurial systems. You can connect your systems for unifying data. This makes your business data manageable from a central location. Additionally, the PoS software automatically synchronizes data, saving time, eliminating human errors. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Calculating tax, <a href=\"https:\/\/upstore.cloud\">simplifying accounting<\/a> and bookkeeping become easier with PoS solutions. Linking <a href=\"https:\/\/www.magestore.com\/blog\/pos-system-for-quickbooks\/\">POS with accounting software<\/a>, data is updated between systems in real-time. <\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Retail and hospitality are the two main industries that integrate PoS systems. The scope of mobile PoS helps in conducting financial transactions more versatilely without having to be tied to a single location. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Emerging_retail_PoS_solution_and_its_benefits\"><\/span>Emerging retail PoS solution and its benefits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><b> Speeding the payment process<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Mobile PoS is on-the-front-foot offering optimal usability to the retail industry.<\/span> <span style=\"font-weight: 400;\">With mobile PoS solution no more taking the products or goods to the counter for billing. The PoS enabled smart devices are taking the checkout counter to your customer. A well-developed PoS software lets your staff approach the customer anywhere in the store. Additionally, if the solution is integrated with accounting software, your staff can handle the credit card payments and email the receipt immediately to the buyers.<\/span><\/p>\n<ol start=\"2\">\n<li><b> Managing inventories<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/file.scirp.org\/pdf\/ME_2014122311240338.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Emmelhainz et al<\/span><\/a><span style=\"font-weight: 400;\">., &#x201C;retailers lose up to 14% of customers due to product out-of-stock whereas a brand manufacturer may lose more than 50%&#x201D;. PoS solution gathers the reports on best-selling brands and creates reminders when you are low on stock. Furthermore, the automated importing from vendor listing keeps your shelves well-stocked with products. <\/span><\/p>\n<ol start=\"3\">\n<li><b> Coordinate both in-store &amp; e-store<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">A survey by Retail Systems Research (Sep 2013), revealed that most retailers accept that customers who shop both online and B&amp;M store, brought more revenues for them than those who shop via a single channel. The PoS solution merged all the sales report of both physical and online store offering you a strong opportunity for strategizing your marketing plan. <\/span><\/p>\n<ol start=\"4\">\n<li><b> Loyalty management systems <\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Rewarding loyal customers and encouraging new customers to visit your store often has become more exciting with PoS technology. A good PoS software helps you to track customer interactions on social media and mobile devices for offering appropriate rewards. Additionally, it tracks buyers&#x2019; past purchase, preferred brands, sizes, etc. to create a customized shopping experience that further improves your retail image. <\/span><\/p>\n<ol start=\"5\">\n<li><b> Digital wallet solution<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">With the multi-payment options, the modern-day <a href=\"https:\/\/getpos.in\/point-of-sale\/\">PoS solution<\/a> offers digital wallet as well. This wallet comes with an individual profile, where the customer can securely store their bank account credentials. Customers can keep track of their payments and loyalty rewards in a more efficient way.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_choose_the_right_PoS_system\"><\/span>How to choose the right PoS system?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span style=\"font-weight: 400;\"><strong>Here is a checklist to select the modern-day PoS solution.<\/strong> <\/span><\/h3>\n<p><strong>A good PoS software solution must:<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Streamline inventories closing more sales<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Provide analytics for making better decisions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use mobile devices to engage customers and empower staff<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Helps you to create targeted marketing campaigns<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ensures you are always backed with solid information and training materials<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Summarizing\"><\/span>Summarizing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to buying PoS software for your store, think about the long-term expenses. Besides supporting your employee work efficiently, it helps you to tailor the communications according to the customers&#x2019; preferences. The future comes with a brighter picture showing more cloud-centric and connected opportunity. You will experience more flexibility and security choices for your overall transaction and customer interaction.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today&#x2019;s fast forwarding retail environment, you need tools that are as multifaceted as your business. Point of sale has a long history in the retail industry. This concept existed&#x2026;\n<\/p>","protected":false},"author":1,"featured_media":6090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","footnotes":""},"categories":[500],"tags":[374,209],"class_list":{"0":"post-1786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-software-development","8":"tag-pos-software-for-retail-business","9":"tag-pos-software-solution"},"aioseo_notices":[],"featured_image_src":"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/pos-software-solutions.jpg","author_info":{"display_name":"Anand Mahajan","author_link":"https:\/\/www.sphinx-solution.com\/blog\/author\/sphinxuser\/"},"_links":{"self":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts\/1786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/comments?post=1786"}],"version-history":[{"count":13,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts\/1786\/revisions"}],"predecessor-version":[{"id":18857,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/posts\/1786\/revisions\/18857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/media\/6090"}],"wp:attachment":[{"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/media?parent=1786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/categories?post=1786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sphinx-solution.com\/blog\/wp-json\/wp\/v2\/tags?post=1786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}