POS machine is revolutionary electronic device placed at transaction counters of restaurants and retail shops to process payments digitally. It is the integration of software and hardware that automate the whole process of transaction and also perform inventory management, reporting, employee management, customer loyalty, sales history and security. Point of Sale machine for restaurant and retail supports payments via debit, credit or other types of magnetic stripe reader. Next generation POS machines allows payments and transactions from mobile too with great accuracy.
Why there is a need of modern and smart billing solution?
The issues concerned with retail stores and restaurants are:
- Managing a Multi-store setup
- Slow transactions speed
- Maintaining records
- Stock tracking
- Customer has to wait for transaction in rush hours
How to solve above issues?
Using a Retail POS machine or Restaurant POS machine bring awesome advantages mentioned below:
- Take few seconds to generate bill
- Cashless transaction with accuracy
- Can track shortage of items and to find future demand
- Maintain records automatically
- Generate reports graphically.
Let’s have some statistics justifying the adaptability POS machines in restaurants and retails:
- Global POS solution market in 2019 was of around $15 Billion and expecting a huge growth of up to $30 billion by 2025.
- Transactions are so frequent in 2020 that total value of POS payments is more than $1,017,982 million.
- Number of transactions through Point of sale system is increases with the rate of 40% every year.
- Yearly growth rate of POS machine retailers or restaurant owners is around 16.2%.
As the technology is advancing with great pace, market is also full with cutting-edge POS system to make your transactions more accurate and fast. Some of the latest point of sales systems booming the market are:
- Mobile point of sale system (used by event vendors, freelance workers, mobile services, etc.)
- Tablet POS systems (used by juice bars, small shops, salons, etc.)
- Terminal POS systems (used by large restaurants and retailers)
- SaaS based Cloud POS system (used by small scale businesses)
- Self-service Kiosk (used by ticket sales, transportation passes, etc.)
When buying a POS machine, two question comes to mind;
- How to choose the right one?
- Where to buy it from?
To get the right POS solution, one should have a road map for future goals and consider the business size and varieties he has in his restaurants and retail stores. If you are in UAE or specifically in Dubai, then you are only one step away to buy the best POS system. BarcoSoftTech is one of the top dealers assist you to buy the relevant POS system and provide offline & online POS machines. Also, BarcoSoftTech develop customizable POS software for the specific need of industry. Website:- https://www.barcosofttech.com/products/point-of-sale
