Traditionally, point-of-sale refers to the cash register at the store. It’s a point of purchase, where your customers checkout with their purchases. When customers are checking out from their carts online on your website or come to the checkout counter at your physical store or choose to buy from your booth or stall, they’re at the point of sale. The hardware and software system that enables your business to make this purchase a successful transaction is called a POS software system.

To define, Point of sale (POS) refers to the physical location at which goods or services are purchased and transaction data is captured through electronic cash registers or other electronic devices such as magnetic card readers, optical and barcode scanners or some combination of these (Techopedia).  A POS terminal is a physical electronic device used to capture payment cardholder data at the source of the transaction. A POS terminal will generally be able to read the information off of a customer’s credit or debit card and then process the payment, printing a receipt.

Usually, businesses prefer to use integrated software systems when it comes to POS. The POS system needs to be set up on the basis of whether you have a physical store or an online store or both. A POS system allows you to make clear transactions and keep track of sales. It sounds simple right? However, a POS system is much more than that.

Today’s business requires a system that takes care of all its business needs. It’s not just about making transactions and recording sales. It’s about increasing sales, storage of data, organizing of data, analyzing the data, giving discounts, inventory management, accounts and finance, customer resource management and quick billing. Yes, a POS system ensures you do all this from a single platform with multi user access, on a single device with just an internet connection. A cloud storage system ensures that all your data is safe and secure making all your business operations seamless. Isn’t that the goal anyway?

With the growth of businesses, one thing happens for sure. Business operations keep getting complex. However, NextoPOS, a POS system integrated with ERP comes to the rescue. NextoPOS is the all-in-one solution for your business needs. It has a wide array of features making it the right choice for your business. It gives access to inventory, productivity reports, sales and everything in between, remotely and in real time. It has universal hardware compatibility making it easy to integrate with third party operating systems. It is easy to set up and has backup options for you to never worry about losing your data. Keep your fingers on the pulse of your business with reports and analytics features.