Best POS System Provider Company in Delhi/NCR
Point of sale (POS) system is the spot where your customer makes the payment for goods or services that are offered by your company.
Point of sale systems are systems that enable the business transaction between the client and the company to be completed. POS system is a computerized network that consists of the main computer linked with several checkout terminals and supported by different hardware features starting from barcode scanners and ending with card payment terminals.
As businesses have different profiles they need various point of sale systems as well. For example, restaurants, retail businesses, and grocery stores all have their specialties and that is why they need a POS system that meets their specific needs.
Why Is POS System Useful?
Using the POS system can have a positive effect on your business.
It allows you to have better control over your business operations. With a POS system, you know exactly which products you have sold on daily or monthly bases, how many products are in the warehouse or how much money you have made.
It allows doing better analytical thinking and planning.
For example, POS system makes it easier to keep track of your inventory, to notice and analyze movements and tendencies in sales processes, to analyze your sales reports and other data in order to predict more precisely future trend and your company’s requirements.
It allows you to increase your business efficiency.
POS system makes the managing of your company’s paperwork more time-saving. Managing bills and orders, sales figures or reports is made very convenient. Besides the office environment POS system also increases the efficiency of the everyday sales environment thanks to different POS features such as barcode scanners or credit card terminals.
It allows you to make personal client communication more efficient.
As a POS system makes it very easy to gather the contact details of your best clients at the same time they complete their purchase. This information is valuable for generating personal offers and developing personal client communication.
Thereby with a POS system, you can save money and boost your profits and in addition, the POS system helps you to make more informed business decisions.
Hardware Components of a POS System
These are the common physical components required to get your POS up and running.
Monitor/tablet: Displays the product database and enables other functions, such as employee clock-in and viewing sales reports. Tablets—especially iPads—are popular for replacing bulkier monitors.
Barcode scanner: Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcode scanners can also integrate with inventory management systems to automatically adjust stock levels.
Credit card reader: Since the EMV payment standard went live in 2015, secure and EMV-compliant credit card readers are a must-have. Non-compliant retailers face potentially huge losses on account of fraud liability.
Receipt printer: Email and text receipts may be gaining popularity, but paper receipts remain essential for providing customers with a quick snapshot of their purchase or returns.
Cash drawer: It may fade away in years to come, but cash is still king. Until then, you’ll need a secure place to store cash for transactions. Another benefit of cash: there are no associated credit card fees.