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What is a POS?

by Tillpoint Editorial Team 23 Oct, 2016

Many SMEs have realised that by taking advantage of the latest in POS technology, they can run their businesses far more effectively, as point of Sale systems, when used correctly, boost efficiency tenfold. Could your business benefit from POS?

Software and Hardware

Point of Sale (POS), also known as Point of Purchase (POP), is the time and place where a retail transaction is completed. Think of the last time you paid for something in a supermarket or restaurant, it’s the point where you, the customer, makes a payment to the merchant in exchange for goods or after the provision of services.

tillpoint man showing software and hardware

POS Hardware & Software includes, but isn’t limited to; traditional cash registers, receipt printers, barcode scanners, and touch-screen display. Point of Sale Systems are utilized across a multitude of industries, ranging from restaurants, hotels & hospitality businesses, nail/beauty salons, stadiums, casinos, various e-commerce businesses, and of course, retail environments. In the simplest sense, if an item or service can be exchanged for monetary value - a Point of Sale System can be used.

Why the traditional cash register is obsolete

Many people are still using older, more outdated Point of Sale systems like traditional cash registers, and using such archaic systems can prove to be quite inefficient, especially when compared to modern iPad POS systems. If you’ve noticed lately, cashiers and cash registers are quickly becoming scarce in supermarkets and certain retail locations.With increasing use of kiosks and digital checkout scanners, companies are realising that using the right POS system makes paying for items easier and speeds up the shopping experience. If it can work for them, it can work for you!

tillpoint sad woman by old cash register

With sophisticated automation, unrivalled portability and a high level security, making the switch from a traditional cash register to an iPad or tablet Point of Sale system is an uncomplicated decision. Make things easy for yourself and utilise the latest in POS technology!

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