Top 5 POS Software Features To Select For Your Retail Business
Looking for POS software with the best features? But not sure what features to select? Or something else? Read this blog to find your answers about POS software features related concerns and a lot more.
Payment technology has emerged a lot in the last two decades. Today we no longer are chained with those big fat electronic cash registers. The evolution of technology is making work-life simpler for retailers. Well, as with all other types of technology a POS is fulfilling the expectations of small and medium-sized retail businesses by managing every stage of their selling journey.
Similarly, with every single innovation, the POS system developed promptly. Retail business owners today are looking for the latest trends and features of POS that can attract more customers for their products and services.
We are featuring the top 10 features of an ideal POS software for retail business. So we can help businesses stand out in the competitive market in 2020.
1. Mobile POS (mPOS)
Today, we have everything at our fingertips. So why should payments be restricted to one place? Mobile POS makes it easy for businesses to accept payments where-ever you want and whenever you want. Mobile POS is the next-big-thing in the mobile payment solution market in India. People today want convenience on the go, and so do businesses.
Modern mPOS solutions can take your retail business to the next level. While raising flexibility and mobility it also enhances the customer experience. mPOS signifies easy to set-up and use mobile applications. With the help of mPOS no matter where you are, your business will always be in your pocket.
The mobile terminal of Point of Sale Software goes beyond billing to offer highlights like inventory management, mobile storefront, sending invoices to customers through SMS and analytics, etc. Primarily it takes out the requirement for a costly POS machine and helps in managing your business anyplace, anytime with detailed sales analytics and reports.
‘’The number of choices is increasing and is expected to rise manifold in the next five years. Research reveals that mobile POS devices will increase at a compound rate of 32% per year until 2019”._Comviva by Tech Mahindra
2. Inventory Management
Retail business needs a one-stop inventory management system with reliable modules to handle daily inventory operations. You will relish the inventory management tools that a POS software offers.
3. Billing And Order Processing
Give your customers the freedom with options to pay with cash, credit/debit cards, gift cards, or any other mobile wallet payment options. A POS software includes a credit/debit card module built-in to your computer system instead of a stand-alone terminal, to easily record payments from external credit card terminals.
This makes credit card and debit card payments more secure for your customers. Efficient authorization of transactions at the point of sale is necessary to ensure your business maintains a steady cash flow and a secure network.