The way we conduct business has completely changed thanks to EPOS (or POS) being the Best Point of Sale system. But how and why has this happened? What does EPOS offer that other options don’t? Why are EPOS companies more effective?
The information, data, and internet era has brought about significant changes to the nature of commerce. EPOS plays a crucial role in it. The increased flexibility, sales data, and security that EPOS offers are now available. To both small and large organizations thanks to new technology that is becoming more sophisticated and affordable.
Investing in the appropriate technology will support the expansion of your business. However, there are several things to take into account.
Let’s begin with a basic explanation of what an EPOS system is, what it means, and how it helps businesses.
Understanding Epos Till
Electronic Point of Sale (EPOS) systems, sometimes called Point of Sale (POS) systems, are updated tills that assist in managing and enhancing various business processes. Including data gathering, accounting, inventory and product management, and sales processing.
What is Epos in Business Terminology?
EPOS combines the versatile capabilities of computer software, the flexibility and growth of a web-based system, and the basic features of a cash register. This results in a product companies can depend on for all their needs—including managing their operations, making future plans, and maintaining trade records.
With such a solid foundation in place, companies can use an EPOS device to expand their business operations. For certain companies, this involves setting up a website or an app that allows for online ordering or adding new branches that can be linked into a single system to support numerous outlets.
EPOS systems’ adaptability can be a major benefit for expanding companies since it allows the system to grow with the company.
What is Epos Hardware?
Your system’s requirements will vary based on your business in order to meet your needs. There are numerous other hardware products that businesses may find helpful in both the retail and hospitality industries. However, most firms can anticipate the need for a few items as part of their setup. For example, typical firms may have a system made up of the following components in addition to the primary EPOS terminal (till):
- Receipt printer: This tiny printer records the customer’s transaction using thermal paper or ink.
- Barcode scanner: An electronic scanner that can identify product items on an EPOS system by reading barcodes.
- Card machine: A card payment processor that accepts payments by contactless, Apple/Android Pay, chip and pin, or other electronic means.
- Cash drawer: A metal drawer that locks and is used to hold currency.
When combined, these gadgets can create a more efficient retail system. For business administration and sales that saves time on all tasks. For example, stock inspections in the shop can be completed rapidly by scanning and entering the counted amount using a cordless barcode scanner.
It is possible to combine card processing equipment with the till screen to send transactions straight from the till to the credit card reader. This reduces wait times, shortens lines, and frees up employees to interact with clients for extended periods of time.
EPOS hardware uses modern technology to integrate disparate, standalone devices into a unified, customized service delivery system. The hotel industry is the same as the retail sector in which the aforementioned example was used.
Advantages of EPOS?
The primary benefits of EPOS software are its ability to simplify, optimize, and integrate all elements of corporate operations. Modern computing benefits include the ability for many businesses to combine their software and the rapid and simple data transmission between formats.
This means that the EPOS provider’s EPOS system can be used to manage and update customer loyalty programs, for example. Programs such as Sage or Xero can be used for accounting, with data automatically exported at the trading day’s end.
Consumers keep their loyalty programs, and there are fewer requirements for completing transactions. Less work is required of the company’s employees, and management has more insight into and authority over these procedures.
Fast touchscreen terminals are just one feature of the front till software that may be customized to meet corporate requirements. Retailers use barcodes to identify products, but hospitality and top-selling items can be arranged for simple sales processing, with payments made using an integrated card reader.
Managers can order and color code things and determine where they appear. This may be done from anywhere in the world, thanks to cloud technology. The massive volume of data created and altered by the EPOS software is kept on the provider’s servers and accessed using a secure login.
EPOS x Falcon POS
At The Falcon POS, we are dedicated to revolutionizing retailers’ business. Dealing in the Best Point of Sales system we deliver innovative and a user-friendly EPOS system, with an aim to streamline the sales process, improve customer experience, and boost our clients’ bottom line. Our mission is to empower retailers to grow their businesses and reach their full potential through technology.
Our EPOS system is designed to meet each client’s unique needs, regardless of size or industry. We understand that every business is different, so we offer a range of customizable features and integrations to help our clients maximize their sales and improve their operations.
Join the growing number of retailers who trust The Falcon POS to power their businesses. Experience the benefits of a modern and efficient EPOS system for yourself and take your business to the next level.
