An EPOS system or electronic point of sale system is the combination of point of sale software and hardware to make a till system.
EPOS hardware will be the physical device where you can install EPOS software.
EPOS software will act as your till interface, enabling you to speed customers through checkout, process transactions and manage inventory all on one device.
EPOS software is cloud-based which allows for easy updates, flexible integrations such as accounting software, increased security and enhanced reporting when viewing your sales data.
EPOS systems are used in the same way as a traditional till however, EPOS systems offer more functionality, better reporting, and they are easier to use.
The days of the traditional push-button till are long gone. Modern EPOS systems have made it possible for businesses to efficiently process transactions and keep track of customer records without compromising on security or efficiency, all while saving their employees time that they can reinvest back into running an efficient business.
With the rise of digital technology and mobile commerce, there’s never been a better time to invest in a point of sale system.
What are the benefits of EPOS systems?
There are a number of advantages of EPOS systems over push button tills or old legacy POS systems. The main advantages are:
With EPOS systems, all your data can be automatically synced with accounting software, saving time and generating more accurate reports. It’s been found that up to 73% of data gets lost in analytics, simply because businesses are unable to recognise its value. Particularly when considering small businesses, EPOS systems have taken the stress out of reporting and allow for more strategic planning.
The mobility function of EPOS software is the reason why this system has become so popular and amongst food vendors and event operators, they will never miss the opportunity to make a sale.
Good EPOS systems can work online, offline, on the go, so if you are a business that is on the move, it’s perfect.
With an EPOS system like AirPOS, you can make the move to ecommerce much easier by using our Shopify integration. This will sync your products to Shopify and allow you to start selling in no time.
The probability of selling to an existing customer is up to 14 times higher than the probability of selling to a new customer.
Providing customer loyalty schemes with customer accounts give you flexible payment options, and a way to reward your customers, encouraging them to come back for more.
With an EPOS system, you should be able to check stock levels in real-time, reconcile stock vs actual stock, update and add new stock and include stock variations.
With EPOS systems being fully digital, you have the opportunity to fully integrate with other providers. That includes payment providers, other software providers such as accounting tools like Xero.
All of these tools and integrations are created to improve your business efficiency and it really lets you focus on what you do best, creating good customer experiences and selling more.
If you want to learn more, check out our post for everything you need to know about EPOS systems.
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