A POS transaction is the moment where a transaction is finalized ,where a customer tenders payment in exchange for goods and services. Any form of payment can be used, such as cash, debit cards, credit cards, credit on the basis of some credit terms and even accumulated loyalty points.

POS systems operate by linking your inventory monitoring, your sales data, and your business accounts system to one or more checkout terminals. With these tools at your disposal, you can ensure am increased productivity, which translates to profit. Investing in a POS System can help you manage your time efficiently – the checkout process, inventory management, payroll processing, can all be done at a much faster pace. You will also be able to manage your accounts, understand your sales and other data with reports, and have an overall control over you business. These systems are very user friendly, and hence, can be conveniently used by  business owners and employees alike.

POS Systems are used by a wide variety of business sectors. Although it is most popular in retail businesses such as supermarkets, groceries, department stores, stationaries, electronics stores and so on; POS Systems are also used in the hospitality industry such as restaurants, cafes, bakeries, hotels and such. Other sectors, such as Consumer Services, for instance, salons, barber shops, car wash, and spas and so on. Another important sector which use POS Systems are hospitals, clinics and pharmacies.

A Point of Sale (POS) system is a suite of technology used by businesses in the retail and hospitality industries to accept payments from customers, among other tasks. Collectively, it’s the software and hardware that a retail business needs to run their business. From ordering and managing inventory to processing transactions to managing customers and staff, the POS is the central hub that helps retailers run and grow their businesses, without any hassle.