Cloud-based EPOS benefits include:

 

 

Access to reports, figures, staff information and any other metrics recorded through the hospitality EPOS software from anywhere in the world

Software stored on a remote server, with your supplier looking after security, backups and updates

Remote price adjustment and stock management

 

EPOS tills: renting vs. leasing

For many businesses it makes sense to rent an EPOS system. But if you do decide that purchasing is the best way to go then it’s worth considering a lease-to-buy deal.

 

EPOS leasing contracts typically run for about 18 months and at the end of it the system is yours to keep.

 

Rates are a little higher than with a rental contract but installation is usually free and most suppliers offer technical support inclusive of the leasing fee.

 

Typical monthly cost of leasing an EPOS system

(Price of system: £1,000)

12-month lease 36-month lease 60-months lease

£103       £41         £29

 

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How long can I hire an EPOS cash register for?

Short term till hire

Short term EPOS till hire is a great option for businesses that operate seasonally or for short or uncertain periods of time. In particular pop-up stores, start-ups without a fixed location and traders at festivals and events will benefit from short term EPOS till rental.

 

It can also be a solid option to reinforce your existing EPOS systems during peak trading periods.

 

Short term EPOS rental is generally charged on a weekly basis. You can expect to pay a little more in rates than you would leasing for a longer period.

 

Long term till hire

Long term EPOS hire is the go-to option for most businesses looking to lease EPOS tills. Not only do you get cheaper rental rates, but most contracts are open-ended so you can keep hold of the system for as long as you need it.

 

You’ll benefit from regular software updates from your EPOS supplier, usually free of charge, and hardware is usually upgraded annually.

 

The main benefit of long term EPOS system rental is that you’ll be able to build a data-rich picture of customer buying habits, employee performance and stock management. EPOS systems track all this and more, and by using the backend software, you can gain valuable business insights to help you optimise and refine your working processes.

 

 

EPOS till rental contracts, servicing and installation

Contracts

EPOS rental contracts for retail outlets and shops work in a similar way to a mobile phone contracts: you pay a set fee over a fixed length of time, from one week to 60 months, it’s your call.

 

Costs tend to decrease as the contract gets longer. So to get the best rental rates for an EPOS till you need to think carefully about how long you’ll need the system for and sign a contract accordingly. Don’t just pay on a rolling weekly basis.

 

Installation

Nearly all EPOS till rental contracts include free installation. Though increasingly providers are offering a plug-and-play option where the system comes pre-configured and just needs to be switched on. Either way, with any reputable EPOS supplier, installation should be a breeze.