What is an EPOS System?

 

Electric Point of Sale (EPOS) is a computerised system used by retailers of all sizes to process their customer transactions electronically and track stock, producing detailed reports in response to the input data. An EPOS includes the till used to take payment and any software that runs on it. Businesses use these systems to help run and manage their business more effectively by managing inventory, payments, records and sales, as well as many more reasons. They are fast and save you time and money, from improved customer experience to faster checkout.

 

Because EPOS Systems for hospitality help businesses perform many different functions, bringing many benefits to a business, we decided to gather our top 5 EPOS systems.

 

 

 

1) Vend

£49+ per month

For all businesses

Track all cash movements

Split payment option

First cloud-based ePos

Create individual staff accounts 

Add discounts to items at any time

Vend’s EPOS system is built for retail and is compatible on an iPad, Mac and Widows PC. The system is fast to use and easy to learn, minimising training time, and even has an offline mode if needed. Data can be accessed from anywhere as it is synced to the cloud allowing businesses to manage inventory across multiple outlets, for example editing products in bulk, automatically reorder stock or print labels and barcodes. By using this system, it makes it easy for businesses to add new outlets and registers as your business grows.

 

On the whole, Vend helps businesses get the job done faster where there is 24/7 support if needed to deal with any issues. The system accepts contactless payment, as well as split method payment through integrated payments including paymentsense, square, iZettle and Klarna. Receipts can be customised with your businesses logo and website making your customers aware of all branding as well as making it easier to become a returning customer by knowing your businesses website. Receipts can be emailed or printed, and returns, refunds and store credit is available.

 

Vend EPOS System

 

 

 

2) Square

Software is free with no setup fees or monthly fees

POS hardware starts at £19+ VAT

For all businesses

Start selling in minutes: no bank visits or merchant account required

All synched to one account allowing you t0 see what is happening everywhere, from anywhere

Accepts contactless payments

Square logo

 

Square is built for businesses in retail, hospitality and professional services. The system is easy to set up and use, allowing for fast checkout and happy customers. The POS system is compatible on iPad, iPhone, Android tablets and smartphones and connects third-party apps your business already use.

 

The system has many features needed to run your business. For example, it automatically creates customer profiles, connect with customers online through social or through your POS Dashboard, get paid remotely with invoices or get paid in person or accept cards right from your computer. Additionally, the software allows you to take orders for your store and integrate your business with Deliveroo, Uber Eats, Just Eat and other delivery options within a couple of steps. With no extra fees, (set up, monthly minimum, compliance, hardware rental), the system provides real-time reports to help see what is selling best, what your busiest hours are and which employee is working best, for example.

Global Auto Parts Store Software Industry Market 2020 | Growth, Share, Trends, Opportunities And Focuses On Top Players | Epos Now, Pacific Amber, Springboard Retail, Celerant Technology

 

The global Auto Parts Store Software market report such as hospitality EPOS software comprises the thoroughly investigated data by the experts of the Auto Parts Store Software market in classified form. The global market delivers a wide platform with numerous opportunities to various firms, industries, associations, and other providers delivering products and services to their clients and develop considerably at the global basis.

 

The global Auto Parts Store Software market report delivers summarized content regarding the key market holders Epos Now, Pacific Amber, Springboard Retail, Celerant Technology, COMCASH Retail ERP, Agiliron, Bepoz, Revel Systems, NetSuite, CAM RetailSTAR also including the recently developing industries in the market in terms of the product quality, revenue, demands, and sales.

 

Click Here To Get a Sample Copy of The Including The Analysis of COVID-19 Impact: https://www.marketresearchstore.com/report/global-auto-parts-store-software-industry-market-2019-686634#RequestSample

 

**Note: The Final Report Will Be Updated To Address The Impact Of COVID-19 On This Particular Market. Use Only Corporate email ID to Get Higher Priority*

 

The outbreak of the pandemicCOVID-19 changed the market scenario on the global platform. Many of the regions are facing the biggest economic crisis owing to the lockdowns that were implemented due to the outspread of the coronavirus infection. As the only solution that has been found to contracting this disease is social distancing many countries have implemented strong regulations in regards with people gatherings. Owing to this many of the businesses are working with only 33% of its employees thus not able to bring the maximum production.

 

The global Auto Parts Store Software market report bifurcates the market into different market segments {Cloud based, On premise}; {Shopping Mall, Supermarket, Convenience Store, Others} on the basis of product, applications, geographical areas, and current market trends. The market report comprises the data of producer, seller, and multiple firms, a producer that are related to Auto Parts Store Software market. The report also includes a summarized information about the key competitors of the Auto Parts Store Software market with holding considerable market shares.

 

The present situation and the future viewpoint of the market growth are also incorporated in the Auto Parts Store Software market report. The report is made after detailed analysis and thorough analysis of the raw data collected from multiple sources in different divisions of the market that require theoretical analysis, technological ideas, and its applicability. The report also offers multiple essential factors that can significantly add up the growth rate of the Auto Parts Store Software market and slow down it too.

 

Read Detailed Index of full Research Study at:: https://www.marketresearchstore.com/report/global-auto-parts-store-software-industry-market-2019-686634

 

The report offers data about the future expansion of the industry, based on its past data, and current trends followed by the Auto Parts Store Software market region-wise too North America (United States, Canada and Mexico), Europe (Germany, UK, France, Italy, Russia and Turkey etc.), Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

 

The performance and characteristics of the Auto Parts Store Software market are examined based on the qualitative and quantitative technique to give a clear picture of the current and future estimation. The global Auto Parts Store Software market report is well-represented with figures, charts, graphs, and facts which reveal the status of the specific industry on the local and global stage.

 

The report study has Three major sections which include:

 

Section 1: Market Introduction

 

This section deals with the Auto Parts Store Software market definition or the market along with the target audience of the market. Later in the chapters, the research methodologies and the market tools that were used for the market analysis is mentioned.

 

Section 2: Auto Parts Store Software Market DROC

 

The flow of this section is: Auto Parts Store Software market growth factors and limitations. In the later chapters, the Auto Parts Store Software market opportunities and challenges are described. All the points mentioned within the report are updated based on the COVID-19 situation.

 

Section 3: Conclusion and Observations

 

Last section of the report includes comments and observations by the research analysts and the market experts for the Auto Parts Store Software market.

 

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PUB EPOS SYSTEMS MARKET

 

PUB EPOS SYSTEMS MARKET ANALYSIS, REVENUE, SHARE, GROWTH RATE & FORECAST TO 2025 Market Study Report  Date: 2020-10-04  Technology    

Pub ePOS Systems  Market Analysis, Revenue, Share, Growth Rate & Forecast To 2025

A new report on the global  Pub EPOS Systems  market that shed light on the effective examination techniques. This report summarizes the technologies, which can help to scale up the growth of the businesses in the near future. The report also gives detailed information on the global market in terms of its revenue and various dynamic aspects of economic growth such as  Pub EPOS Systems . The annual volume of the market is examined from the year 2020 to 2025. The overview of the market includes the applications of the latest technologies to enlarge the businesses rapidly.

 

The research report on  Pub EPOS Systems  market contains an in-depth assessment of the trends influencing the industry dynamics with respect to the regional terrain and competitive arena. Besides, the study highlights the challenges this industry will face and provides insights into available opportunities. In addition, the report contains COVID-19 case studies to offer a concise picture of this business landscape to all industry participants.

 

Crucial pointers from the analysis of COVID-19 impact:

 

Economic summary and COVID-19 status worldwide.

Supply chain as well as demand share variations in the industry.

Request Sample Copy of this Report @https://www.express-journal.com/request-sample/212327

 

Overview of the regional landscape:

 

The report divides the regional terrain of the  Pub EPOS Systems  market into North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.) and Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa).

Performance of every region pertaining to their growth rate over the analysis period is provided.

Information concerning the growth rate, revenue generated, and sales accrued of each geography is given.

Other important points from the  Pub EPOS Systems  market report:

 

Competitive arena of the  Pub EPOS Systems  market comprises of leading players like IZettle,GoFrugal Technologies,Posera,Bevager,Chanj,Harbortouch,AccuPOS,Toast,K3 Software,UniCenta,Lavu,CAKE from Sysco,2TouchPOS,Lightspeed andUpserve.

Significant details regarding production models, market remuneration, company profile, and manufactured products is given.

The study encloses data regarding the market share that each firm holds, along with their pricing models and gross margins.

The product landscape of the  Pub EPOS Systems  market comprises of Cloud based andOn-Premise.

Vital information about volume predictions along with the revenue of each product type is documented.

Important insights pertaining to production models, market share, and growth rate of each product segment over the assessment period are provided.

As per the report, the application spectrum of the  Pub EPOS Systems  market is segmented into Large Enterprise (1000+ Users),Medium Sized Enterprise (499-1000 users) andSmall Enterprise (1-499 users.

It examines the market share for every application as well as estimates the growth rate during the study period.

The study enumerates the competition trends and offers a granular systematic review of the industry supply chain.

It also mentions Porter’s five forces assessment and SWOT analysis to deduce the practicability of a new project.

The major key questions addressed through this innovative research report:

 

Who are the key vendors of the global  Pub EPOS Systems  market?

What are the leading key industries of the global  Pub EPOS Systems  market?

Which factors are responsible for driving the global  Pub EPOS Systems  market?

What are the major key strategies for enhancing global opportunities?

What are the major challenges in front of the global  Pub EPOS Systems  market?

What will be the global market size in the forecast period?

What EPOS solutions can you offer Scottish c-store businesses?

 

Our EPOS system for hospitality, called EPOSDIRECT  , is an advanced, fast, robust, and reliable EPOS software that incorporates all the latest technologies to provide an end to end solution.

 

Our supplier relations and automation act as a perfect catalyst to reduce labour input and save time and the otherwise incurred expense.

 

 

What are the key features and benefits of an Mhouse EPOS solution?

Our USP is our origin story. EPOSDIRECT   is a system for retailers, by retailers. With our aggregate experience in the retail sector totalling 50 years, we have developed a system that is user friendly for all our non-tech friends and provides everything one needs to run their store more efficiently.

 

Additionally, we develop new features through feedback we attain from our customers to make sure all their needs are met at all times. I have also heard from a lot of customers that have switched over that our after-sales service is second to none.

 

What recent improvements have you made to your EPOS offer?

We have incorporated all of the latest technology that is available, to ensure our product can remain ahead of the competition.

 

We do have a few very interesting features that we are working on and introducing simultaneously. These range from our shift towards cloud computing, all the way to our live sales checker and head office offering.

 

What are some of the key considerations for retailers investing in EPOS?

Retailers should be considerate of the fact that when it comes to EPOS solutions, one size does not fit all. You require specialized suppliers that cater to your specific needs, as opposed to a generic system that claims to be the jack of all trades, but in the end, doesn’t even accomplish one. Hence why we have geared ourselves specifically towards retail solutions.

 

What are the key questions retailers should be asking before investing in EPOS?

Some of the fundamental questions that one should ask an EPOS provider is, do they incorporate all the latest technologies? Do they provide constant updates? Do they provide adequate after-sales service? Additionally, there needs to be consideration for the warranty period, supplier links, and the quality of the hardware.

 

One integral question that most people fail to even consider asking is the ROI of an EPOS system, as an EPOS is merely a tool, which if not used efficiently doesn’t really create the value for the money you pay. To fix this issue, we have created something we call the EPOSDIRECT   method, which acts as a manual to help all our customers make the most out of their EPOSDIRECT   system.

 

What support do you offer retailer customers?

We realize that IT isn’t generally a retailer’s strong point and bearing that in mind we have support packages that offer unlimited training. This way we take the headache away from adapting to a system that is seemingly foreign. Our support offer went to the extent that we would offer it wherever and whenever a customer asked for it, but because of recent developments, we have started online training as well.

 

We have also taken initiative, siting feedback and incorporated custom-built training rooms at our new head office in Eurocentral, which our customers greatly appreciate.

 

What’s the sign-up process for retailers?

Retailers can log onto our website and fill in the contact form, or they can call us directly and arrange an appointment. Our business development manager then follows up and creates a tailored, end-to-end solution for every client.

 

Now that our team has grown, we have even installed systems as fast as the next day.

 

What are the payment options for retailers?

We have tailored, flexible payment options for all our customers. Whether it is a big supermarket or a small convenience store, we tailor the plans to our customer convenience.

 

How can retailers get in touch for more information?

Retailers can visit our website, EPOSDirect  system.com, and find all the information they may need. Additionally, they can fill a contact form or call our support team directly to help with any questions they may have.

EPOS software retailers love to use

 

Effortlessly sell, manage, report and grow your retail business in every way with Vend’s unmatched EPOS, multi-outlet retail and inventory management system.

 

No credit card, no commitment.

Vend EPOS bundle along with some other retail accessories.

Why do forward-thinking retailers love Vend's EPOSsoftware in uk?

Retail is fiercely competitive. Vend keeps you two steps ahead of your competition.

 

Screenshot of Vend on desktop, laptop & iPad

Scale your business with ease

 

Whether you’ve got a family run shop with one location or you’re a growing retailer with multiple stores, Vend can keep your business running smoothly. Best of all, Vend grows with you. Add outlets and locations to your account easily, and track all of the data and reports you need from one central place.

 

Screenshot of Vend Reporting

Stay on top of inventory at all times

 

Stock levels in Vend are updated across all your stores in real-time so you always know what you have (or don’t have) in stock. There are also measures in place to prevent you from running out of stock by setting automatic reorders whenever items are running low. What’s more, Vend allows you to track the cost of goods and gives you insights into your margins, so you can refine your sales and pricing strategies accordingly.

 

Screenshot of Vend iPad app

Get up and running in no time

 

Vend plays nice with several devices including iPads, Macs, and PCs, so you can run it on whichever platform you’re comfortable with. You can choose to set up Vend yourself, or have one of our trusty Customer Success Managers do it for you. The software runs in the cloud, making it easy for you and your staff to use it on multiple devices and locations. Additionally, Vend’s EPOS software gives you the benefit of getting updates and new features automatically.

 

Loved by 20,000+ stellar retailers worldwide

Brika

“We use Vend to run all customer transactions, make sure our inventory is constantly updated, and communicate effectively with our artists.”

 

Catherine Cramer, Store Operations Manager, Brika

 

Home & Gifts ∙ 3 stores ∙ CA

 

Quote Sennheiser Big

“By having a point of sale as innovative as our concept stores, we were able to scale cost-effectively when we needed to.”

 

Jason Weber, Ecommerce Manager, Sennheiser

 

Electronics ∙ 3 stores ∙ US

 

Previous

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Trustpilot Logo Grey

"Vend has genuinely transformed our business. All of its features and integrations have quadrupled our efficiency, giving us time to focus on how to grow our business."

Merchant Maverick Logo Grey

"Going with a cloud-based POS has allowed us to scale and access our data from any location and smoothly integrate the ecommerce and retail experience."

Getapp Logo Grey

"If you stick with your old cash register, your business will suffer. If you are serious about growing your business and you need POS, Vend is a must have."

One easy, efficient, powerful EPOS system

Sell more, save more, make more. From one store to many on iPad, Mac, and PC. Access everything, anytime, anywhere in the cloud. It even works offline.

3 Software Feature That Turn Your Business Around

As discussed EPOS systems have a software side, which is actually what defines EPOS systems. Features of hospitality EPOS software are literary countless. But some of them are really game changers. These features help with fundamental issues such as management, gathering data, and data security. These are things you can’t achieve without EPOS systems. Out of many features and functionalities of EPOS software, we have picked three, just to give you a snapshot of what the software bear in general.

 

 

 

Analytics and Reports

No argument can do the justice to the importance of data in the business world. Gathering data has never been easier in the hospitality and retail sectors. But there is still more to come. With EPOS systems it is not just about having raw data. Actually the bigger focus is on enabling you to simply analyse them. EPOS software equips you with as much information as you need to find the gaps and plan for the future. It even may give you analyses.

 

Management

Remember the data we just talked about? If you have any doubt that those data are useful, you need to look at it from a manager’s point of view. A manager’s concerns include knowing staff performance, stock levels, and bottom line growth by the end of each quarter, among many others. These are the priorities of a manager. This is where those data come into the play. This is where those data and analyses get practical. Simply put, EPOS offers features and tools to help with managing the business seamlessly.

 

Cloud based

Let’s assume you have the data (gathering data and analyses) and you have put it to good use (management stuff). One day, you wake up, go to work, turn on the system and get petrified. All the data is gone. You will be lucky if someone have had the sense to make a backup. But what no one has. That is why Cloud matters. It is one of the most important features a software can have. Without Cloud, it looks like you are inputting the data on offshore sands, waiting for the tide to wash it off. That is why an EPOS system works towards incorporating cloud-based features in order to secure your data in one place for a lifetime.

 

Final Word

EPOS systems have too many different technical facets to get into. And it might not be the best idea to learn how an EPOS system works. Think of a car as a metaphor. You don’t want to get bogged down into the technical stuff, unless you want to fix it or make it. It hides all the dirty mechanisms and let you interact with a fine, neat interface (steering wheel, pedals, etc.). This is all made for you to kick back and leave the technical things to those who have made it. Just note that your EPOS provider has experienced developers and supporters. This way you can make sure your EPOS is in good hands and is least likely subject to glitches. And even if bugs come up, you will be fully supported.

 

At Selected EPOS, we only partner with EPOS makers that we are certain employ the most knowledgeable developers who are passionate about what they do. Also, we provide continued 24/7 support to help you get back on your feet, if need be. You can simply contact us to learn about our latest offers.

3 Most Common Devices You Will Need From an EPOS System

 

Let’s be honest. It requires a little technical background to get into how a system as complex as an EPOS system WORKs. And let’s assume no one here knows anything about computers and technical stuff.

 

Therefore, maybe “How does an EPOS system work?” is not the best question to ask. A better alternative may be how it helps with your business or simply what is it good for. Or even what does it have to offer?

 

But still, if you want to know how a system works as whole, you can start by learning how its individual components work and what value they add to your business. So let’s start with what EPOS systems are comprised of and then learn how some of the devices and features take the hassles out of your business.

 

An EPOS  systems for restaurants usually consists of two major areas; hardware and software. The hardware side includes various components – also known as peripherals or devices – such as barcode scanners and touch screens and the software side has countless features like Rota or stock management tools. However, to be frank, only few businesses will ever need all the devices and features. That is why we have picked only 3 most common hardware components as well as 3 software features that have changed the game of handling businesses in retail and hospitality industries. Now let’s see how each one works to help you advance your business.

 

3 Most Common Devices You Will Need From an EPOS System

As just mentioned, there are multitude of hardware components working in tandem with one another. However, only a handful may be necessary for a business. These are the integral devices without which you can’t call it an EPOS system. Below are the 3 most used devices of EPOS systems. However, there are some devices such as barcode scanners, card terminals and cash drawers that seem too common or may be used in one business type and not in the others. For example a barcode scanner is essential for a department retail store, while it is useless for a restaurant where there is no barcode to scan. So we decided to exclude them from this article.

 

 

 

Receipt Printers

This device has been in use for so long that we almost forgot how important it is. While the digital life has make the paper and whatever it is associated with – things like printers – obsolete, the receipt printers are still widely used. And the reason is obvious: you still need to inform your customers of the details of their purchase. They are the payers, so they need to know exactly what and how much they are paying or have paid for each item, right away. So, unless a new digital idea comes around to challenge the paper receipts, businesses still need a receipt printer.

 

Touch Screens

Just like printers, touch screens are essential. I mean, how else can you input all those various data into the software?! Besides, the data entry is just the tip of the iceberg. The bottom of the iceberg is the visual things like floor plans (exclusive for eateries) you will see. You can’t have that, unless you have a screen in place. In more technical terms, touch screens are what connect you with behind the scene. That is why it’s sometimes, however maybe mistakenly, called interface. There are lots of things going on in the background hidden by the interface. You would have the most difficult times working with the functionalities if it weren’t for touch screens (interfaces). I didn’t want to get technical on this, but apparently I couldn’t help it. Sorry for that!

 

Tablets

If you are in the hospitality or a huge retailer with quite large stockrooms, you would really appreciate tablets as a part of your EPOS system. In case of a hospitality, it will come to your attention when your wait staff want to send the head chef a quick note, informing him or her of an order change. Unless they use tablets to easily do so, they have to walk all the way to the kitchen to just leave a note. Or in case of that huge retailer, you would have to carry all the checklists and probably a calculator for a simple stock-take. Not to mention the likely errors you are going to make.

Lightspeed

 

3) Lightspeed

Offline mode available in restaurants

For small-large businesses

Manage all transactions from one place and increase security 

Accepts contactless payments

Lightspeed logo

 

Lightspeed epos systems is built for retail, restaurants and businesses in the food and drink industry. The software makes selling easy, giving customers a reason to come back. It is compatible on an iPad, Mac and Windows PC  and has many features of businesses in retail and the restaurant industry.

 

·         The retail plan starts at £69 per month for the basic plan. Features include:

·         Manage your inventory

·         Keep track of stock levels 

·         Track employee performance

·         Check on sales

·         Accept gift cards 

·         Transfer items from one location to another to accommodate customers and optimize your sales

·         Easy refunds

·         The restaurant plan starts at £59 per month which is the most popular plan. Features include:

·         Manage your inventory

·         Create your menu in minutes and add or remove items at will: add photos and descriptions

·         Add allergens information

·         Staff profile: allow them to see what they need 

·         Measure exactly how much you sell

·         Send orders to the kitchen or bar by iPad, iPhone or iTouch

Process takeout and delivery orders 

Bill splitting accepted 

Allow staff to clock in and out, see how teams are doing, employee permissions to be able to see more in the system such as sale numbers

Send receipts by email 

 

4) EPOS Now

£25+ per month

Offline mode available

For small-medium businesses

High definition touch screen point of sale

Integrated with major payment providers

Secure cash drawer

High speed printer

Take stock in minutes

EPOS NOW logo

 

EPOS Now is built for the retail and hospitality industry. The software is compatible on iPad, Android tablets, Mac and PC touchscreen and can be accessed from anywhere. It is Wifi and ethernet enabled and is online, delivery, collection and multi-channel ready.

 

Restaurant features:

Table & kitchen management

Real-time analytics and reports

Online ordering and delivery

Staff management

Stock control 

Speed up service with tableside ordering and payment

Manage stock between multiple locations

Track sales, for example best-sellers and non-sellers

Retail features:

Real-time inventory management 

Flexible payment options

Multiple store capability

Ecommerce integrations

Train staff in minutes

Track single item performance 

Receive stock alerts

Barcode management 

EPOS NOW system

 

5) TouchBistro

£45+ per month + VAT

Offline mode available

For small-medium businesses

Get training 24/7

Accepts all payment types

Split bill option

Eliminate paper costs with digital receipts

TouchBistro logo

 

TouchBistro is built for restaurants and people in the food and drink industry. The software is compatible on iPad’s allowing businesses to increase sales, analyse data, monitor staff performance, and more. More specifically, it allows businesses to turn tables faster with an iPad table side or smart self-ordering Kiosk, design floor plans, move parties around freely and manage multiple sections of the restaurant with ease. Additionally, the software allows businesses to assign waiters to sections and tables, add or remove seats to a table, as well as edit the menu through the menu management software. 

 

The EPOS system gives restaurants and people in the food and drink industry freedom to choose a payment processor that is right for your business. As well as this, there is the option to adjust taxes and gratuity to automatically apply at checkout and personalize receipts with branding and tip guides. TouchBistro accepts gift cards, major card providers and contactless payment.

 

 

 

 

Top features:

Email daily summary reports to employees

Inventory management

Customer relations management (CRM)

Staff management

Menu management

Unlimited users and logins for staff and management

TouchBistro EPOS System

 

 

 

6 Benefits of an EPOS System

Take payments: Most systems include a cash till and a card reader. Using EPOS software will help to keep track of all sales as well as different payment methods used.

Inventory Management: Keep track of available stock, making it easier to manage stock before it sells out, as well as highlighting what stock is not selling ensuring you are not loosing money.

Staff Management: See what staff are bringing in what sales, at what time, ensuring all payments are accounted for.

Customer satisfaction: EPOS technology makes checkout fast and simple. Additionally, in the food industry, EPOS systems help to put an order in straight to the kitchen through a handheld device, as well as add or remove ingredients customers do not wish to eat.

Sales Analysis Reports: After every transaction, EPOS systems hold transaction details to identify trends helping to tailor your business accordingly, and make predictions for the future. This allows businesses to plan ahead, putting in orders in time and ensuring money is not lost.

Accounting integration: EPOS systems are linked to accountancy softwares which allow businesses to manage invoices, pay bills, payroll, tax, expenses, and more.

The Costs of an EPOS System

It is important to know exactly what you need before buying an EPOS system as buying it is a big investment and will likely last you several years. The right system will therefore depend on the specifics of your business.

 

Some questions to ask yourself:

 

Does my business want to rent or buy an EPOS System?

What system works best with the technology my business already has?

Does my business need a receipt printer?

Does my business need a touchscreen system?

Which would work best for the size of my business?

Does my business require a cash drawer?

Does my business require a barcode scanner?

Why EPOS is POS again

 

What is EPOS? The basics explained

By Emily Sorensen|February 7th, 2019|Tags: EPOS

POS, EPoS, ePOS, or is it EPOS with a capital ‘e’? You’ve probably seen the terms thrown around as you’re trying to look for the best system to take face-to-face payments at a till point. But what does EPOS stand for?

 

EPOS stands for Electronic Point Of Sale

 

It is widely written in all-capital letters. Many definitions of EPOS describe what the system includes and whether it is cloud-based or just plain computerised. The truth is: the term refers to any computer-based POS system, whether connected to the internet or not.

 

It’s just that today, such a system tends to function through the internet (=cloud) to enable seamless integration with card processing and across devices so that sales, inventory and records are all synced up in real time. And it so happens that EPOS software is normally used in conjunction with physical equipment like a cash drawer, computer or mobile device, receipt printer, barcode scanner, card machine and anything else needed for an efficient checkout system.

 

You don’t just get the ability to take face-to-face payments through a hospitality EPOS system – you often get a whole software service to help you run most aspects of a business.

 

The central part of EPOS systems is the POS software either installed on your local server or functioning through the cloud. This software always includes an interface through which you enter or register payments, typically through a touchscreen monitor or tablet.

 

EPOS systems today include a lot of added functions for running a store or any kind of face-to-face business.

 

Think accounting, analytics, inventory tools, payment options, staff management, card machine integration and customer loyalty features. You don’t just get the ability to take face-to-face payments through an EPOS system – you often get a whole software service to help you run most aspects of a business.

 

Cash register with standalone card machine

Before EPOS, you had to record payments your own way in an analogue system.

 

How POS became EPOS

Now to a more pressing question: why the distinction between POS (point of sale) and EPOS? The answers lies in the development of points of sale over the past few decades. Back when POS started, the means of taking payments were literally cash in hand and into a cash box. Eventually, this was known as cash registers or tills.

 

Fast-forward to the 1990s and 2000s and tills started to become computerised systems with a touchscreen monitor and software created for inventory management and registering payments from customers. For a while, these systems were run on local computer networks with all data saved on a server installed on business premises.

 

It was during this transition especially that the term EPOS was coined to distinguish between older, non-electronic points of sale and electronic systems made possible through computer software.

 

Related: What is a cloud-based POS system?

 

Why EPOS is POS again

All but a few POS systems today are fully fledged EPOS systems. Since it is the norm, many companies have stopped referring to their software as “EPOS”, instead opting for the snappier “POS”.

 

There’s a consensus among industry leaders that all POSsystems in the near-future will be SaaS (Software as a Service), to use another acronym. This means the software cannot be owned permanently, but rather paid for periodically as a subscription for each licence. Included in the software is customer support, ongoing cloud maintenance and software updates.

What are EPOS systems and how do they work?

 

What are EPOS systems and how do they work?

EPOS or POS is an acronym for (electronic) point of sale. It’s commonly referred to as a till point where customers can pay for physical items, make orders or pay for a service.  EPOS systems are very flexible and depending on business types they can be adapted to suit business requirements.

 

Most companies introduce EPOS systems for restaurants to aid mainstream operations to help increase profit margins – they are even able to help with end of year accounts. The vast number of options available from iPad or could based systems to complete solutions means that there is a lot of choice but also a lot of confusion over which EPOS system the right one for your business.

 

When researching an EPOS System, it’s vital to consider your business as it stands now and where you plan for it to go – ensuring you find a system to work for you both in the short and long term. At Merchant Advice Service, clients across various industries often ask what to look for in a EPOS system. There are a number of considerations, so we have broken down the most important to make it as simple as possible.

 

Back Office

Information is power when it comes to creating or growing a company and having simple reporting and back office systems at your fingertips can save time, and therefore money for businesses. More recently, the development of EPOS systems has meant access to real-time statistics such as sales and employee performance, stock levels and retention has revolutionised the way companies operate.

 

Whether it’s cloud based or a physical system, you can access information from anywhere in the world – if needed.

 

Security

Implementing a POS system that is safe and secure should be paramount. A secure system reduces risk of theft but, more crucially, confidential business or customer information.

 

For larger corporations, systems with staff pins or swipe cards enables businesses to restrict or monitor access to provide both accountability and peace of mind for business owners.

 

Customers

Making a purchase or transaction as smooth as possible is a big factor when it comes to business retention and positive customer reviews.Whether you are adding clients to a database or emailing receipts for their ease, an efficient process – quick and simple – is a must.

 

If the customer is providing you with data or money for goods or services, the value exchange needs to be measured in cost and time as they are both important.

 

Staff

Installing a functional and easy to use system means the likelihood of buy-in from staff increases. These systems can link each staff member with a sale to reward top performing staff members.

 

Acknowledging and rewarding staff with discounts and incentives encourages hard work all round. Some EPOS also have the ability for staff to clock in and out making payroll an easier task too.

 

 

MAKE AN ENQUIRY

 

Speak to our team of expert advisors today!

 

0800 304 7875

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Here are some more article’s we thought you may like…take a look.

 

CLOUD-BASED-EPOSCloud based POS

BAR-POINT-OF-SALE-SYSTEMEPOS for Bars and Pubs

POS-TAKEAWAYEPOS Systems for Take-Aways

WHOLESALE-POSPoint of sale for wholesale, cash and carry and trade desk businesses

Epos system for dry cleaners

hospitality-till-systemEPOS FOR HOSPITALITY BUSINESSES

RESTAURANT-EPOS-SYSTEMSRestaurant EPOS Systems

RETAIL-POS-EPOSRetail EPOS Systems

POS-COFFEE-SHOPSTill systems for Cafes and Coffee Shops

POS-System-TillTouch screen point of sale systems

best-app-for-bars-and-restaurantsHospitality Order and Payment Apps

Industry solutions

When it comes to choosing an EPOS system a major consideration is to ensure it’s industry specific. This will save you money and time in the long run. At Merchant Advice Service, we specialise in industry-led solutions, and these tend to fall under two categories;

 

RETAIL

From large chain retailer to independent boutiques such as jewellers, car trade, hairdressers and beauty salons – our experience is widespread and knowledge is vast.

 

Retail Systems can be tailored to suit individual business needs. Stock lists can be uploaded, barcode systems can monitor stock levels, orders can be generated and invoices printed. Customer information can be stored on some EPOS systems and loyalty points rewarded if requested.

 

HOSPITALITY

From bars, restaurants and gyms to hotels, B&B’s and cafes. These systems work alongside booking systems in restaurants or deposits for personal training sessions at the gym. They can even be integrated with websites and apps when making online reservations at a hotel.

 

EPOS systems also prompt staff to up-sell products or services and can send orders through to kitchens automatically, reducing the scope for error or misplaced orders. EPOS systems also enable bills to be split between customers, and reward systems can be set up as part of loyalty schemes. Discounts for grouped items, i.e. meal deals, cocktail ingredients, or weekly special offers can be installed too. There is room to trial and error EPOS systems within the hospitality sector, which can then be modified to suit your business model.

 

 

 

Depending on the size and nature of your business you may wish to explore a variety of options in relation to your EPOS/POS hardware.

 

iPad and android solutions are popular for smaller businesses, or pop up shops. Many of these now have the same software as static and complete solutions. These can be used alongside barcode readers and cash draws as well as some chip and pin devices. However, if you wish to have something a little more substantial that will be used by numerous members of staff this may not be the most suitable option.

 

Complete solutions are much larger and will be the type you often come across in restaurants, shops and cafes. High quality systems use the same software but if you want one or more till points at your premises the complete EPOS solution is better suited. Built to last, the hardware can stand the busy day-to-day operations across industries. There is also an option to have client facing till screens, which appeals to businesses primarily in the retail and hospitality sector.

 

The Merchant Advice Service team are very experienced at dealing with requests for EPOS system installations and switch-overs. Speak to our friendly team today to discuss the options available to you Our completely impartial, free and honest quoting system will help you decide what’s right for your business now and in the future.

WHAT IS AN EPOS SYSTEM?

 

Modern businesses are increasingly looking for ways to save money, speed up productivity and increase sales. Any business or retailer nowadays has to have their finger on the pulse of what is the quickest, best and most cost-effective way to run their business on a day-to-day level.

 

 

 

That’s where the hospitality EPOS system comes in. Its combination of up-to-the-minute technology, reliability and efficiency have made it an increasingly popular choice for businesses up and down the country. Here’s a bit about it.

 

WHAT IS AN EPOS SYSTEM?

 

EPOS stands for Electronic Point of Sale digital system and is a computerised system used in shops, restaurants and other retail outlets. Essentially it’s an electronic way of letting people pay for goods or services.  EPOS systems have a variety of uses such as –

 

Helping to improve the way a business performs

Allows information and stock to be stored securely

Information can  be retrieved immediately as and when needed

Allows a business to see what products are in demand

It can print out receipts and vouchers for customers

It can also be linked to a company website or any terminal within the business

HOW DO EPOS SYSTEMS WORK?

 

EPOS systems comprise of computer hardware, peripherals and software perfectly suited to a point of sales environment.  For example, some of the most common components to an EPOS system are cash draws, chip and pin, customer displays, keyboards, printers and weighing scales.

 

It’s a system that can support data entry through a variety of devices such as computer keyboards, touchscreen monitors and barcode scanners.

 

It gives the retailer tremendous flexibility in choosing specific peripherals for their business – ie: in a high demand environment such as a supermarket, an EPOS system can be configured to work in tandem with barcode scanners to ensure price accuracy and allowing the staff to work quickly.

 

EPOS systems can also be adapted to suit a variety o different working environments to ensure that the system is uniquely suited to a particular business. It can be used for –

 

Recording sales

Updating stock levels

Providing accurate pricing information

Enable fast and efficient customer service

Keeping track of sales and taxes

WHAT ARE THE BENEFITS OF USING AN EPOS SYSTEM?

 

There are a number of long-term benefits to using the system. These include –

 

It ensures accurate pricing

Faster transactions

Reduces human error

Improves data integrity

Prices can be changed easily for special offers

Provides accurate sales reporting

Enables constantly updated inventory for accounting, marketing and sales

At a time when companies and businesses are trying to be as cash-savvy and save as much money as they can, it’s also important to consider the long-term cost-saving that using an EPOS system can glean. It can create noticeable savings on employee time and accounting, improve efficiency of stock control, and be the starting point to create a database for customers and their behaviour.

 

The most important thing about EPOS systems is that they can be tailored to your individual and specific business needs. Along with store purchases, online ordering, telephone sales, catalogues and the like, EPOS is another vital addition in the list of multi channel retailing that ultimately offers benefit after benefit for your company and your customers.

 

Does your business use EPOS systems and what advantages have you found from using it?

EPOS solutio

 

Proactive inventory management. Imagine your staff, armed with tablets, interacting with a customer that is seeking an item you don’t have in stock. But rather than turning the customer away, your staff member locates the product online, orders exactly what the customer wants, and drop-ships it directly to the customer’s destination of choice with free shipping. Meanwhile, your EPOS solution uk is tracking this interaction and creating an alert that tells you that a new product is on the rise. This affords you with the opportunity to quickly adjust your inventory management, preventing no longer needed items from building up on a backroom shelf while ensuring that new, trending items, are fully stocked the next time around.

Fresh customer-facing appeal. Replacing a cumbersome legacy POS till system with a sleek, modern customer-facing EPOS terminal simply attracts attention. Add to this the ability to accept a wider range of payments from Apple Wallet, Google Pay, and Touch Pay, and it takes you to the next level in customer enticement.

These are just some of the key advantages that EPOS can bring through your doors. Some items that went unmentioned, such as increased financial accuracy and deeper levels of reporting, all work to create a high production business environment in one, self-contained solution. And of course, it wouldn’t be a discussion of electronic point of sale advantages and disadvantages without talking about some of the potential cons.

 

Understanding Potential EPOSDisadvantages

To know the good is one thing, but as with everything in life there are catches that come with both electronic point of sale advantages and disadvantages. These systems can bring a hefty price tag along for the ride and are anything but “set and forget” systems. Regular hardware and software maintenance will be required, especially when it comes to maintaining data security and staying abreast of the always evolving EPOS landscape.

 

Training for not just yourself, but for your employees and to a much lesser extent, the customer, will be necessary at the onset. Getting staff familiarized with new payment processing options, inventory management strategies, and a change in how they should interact with the customer will require time and patience on your part to get this right. The customer may need to wait through payment fumbles, tablet skills that aren’t quite fully developed, and may need to grow accustomed to a changed flow of interaction with a new EPOS system in place.

 

Reviewing Electronic Point of Sale Advantages and Disadvantages 

At the end of the day, it ultimately comes down to weighing electronic point of sale advantages and disadvantages. While lists of pros and cons are readily available most anywhere, you must be comfortable with the idea of having EPOS under your roof. This may mean that you will need to step out of your comfort zone for a bit, take a deep breath and step to see how the potential of EPOS applies to your own situation and future goals.

 

 

 

When you enlist the experienced help that talech can provide, you gain a partner that examines the aspects of your business to determine where an EPOS implementation can fit. This leaves you with an EPOS product that suits your exact needs, without any hidden fees or long contracts, so that your business can grow and remain flexible. Contact us today to sign up for a demo and to learn more about how talech can be your valued EPOS partner.

Innovative Tech Brings Innovative Advantages

 

If you could find an EPOS systemuk that could magically make all of your business concerns melt away, wouldn’t you invest in it? That’s what many electronic point of sale (EPOS) systems like to say that they offer. The draw of EPOS is based on improved efficiency and centralized business management. This is especially important to those of you currently operating across multiple sites, or those that are planning to do so in the future. Some POS systems, as robust as they have become, are not quite suited to handle many of today’s business challenges. This means that there are plenty of electronic point of sale advantages and disadvantages, too.

 

Innovative Tech Brings Innovative Advantages

While we have examined previously the overall comparison between EPOS and POS systems, it is important to dive a little deeper into what definitive benefits can be expected from installing an EPOS solution. On a high level, EPOS introduces business owners to a world of system integrations that can provide highly capable data management functionalities, such as syncing across multiple devices and enhanced reporting. By integrating most potential processes into one, manageable solutions, you reduce costs and support overheads by simplifying the overall management of the business.

 

The advantages of the functionalities that an EPOS system can bring into your doors include:

 

Business flow optimization. From the delivery truck to the customer’s bag, you know with precise accuracy the exact steps and actions it took to get your products into the back room, onto the shelf, and out of the front door. 

Insights into customer behavior. EPOS introduces accuracy and hard data into your ability to forecast how your customers will adjust their purchasing. This gives you the edge by keeping your products one step ahead, providing enticing and fresh items that align with their interests and replacing them just as sales begin to slow.

Staff performance metrics. Who are your top sellers? Who provides the faster checkout experience with the most positive feedback? Are there any members of your staff that are lagging behind the others, and perhaps in need of further training? These are just a few ways to take advantage of EPOS to improve staff management. EPOS also gives you ways to identify the best staffing scenarios to ensure that you are staffed appropriately for bustling moments as well as the slow times.