Top 54 Retail Software (Dec 2022)

2023's Best 55 Retail Systems

Shlomi LaviShlomi Lavi / Dec 20, 2022

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1. NetSuite for Retail

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 08, 2022
Compare NetSuite for Retail Vs. NetSuite for Retail

NetSuite multi-channel retail management suite is software for retailers from various industries. As this system is web-based, data can be accessed from anywhere and revised in real time. This retail management suite includes sales processing, inventory control, e-commerce as well as accounting appl...


2. Rezku POS Software

  • Best for: Small businesses and start ups
  • Price: starts at $99 per license
  • Mar 09, 2022
Compare Rezku POS Software Vs. NetSuite for Retail

Rezku POS is a cloud-hosted iPad point of sale solution designed to serve all categories of restaurants and bars, and that can also be installed on-premise. The primary features of Rezku POS include staff management, advanced menus, tableside ordering, customized floor plans, mobile access, online o...


3. Lavu

  • Best for: SMBs
  • Price: starts at $59 per month
  • Mar 09, 2022
Compare Lavu Vs. NetSuite for Retail

Lave software is a cloud-hosted iPad Point of Sale (POS) system that is specifically engineered to serve the restaurant industry. The platform targets both quick-service and full-service dining establishments in the small to large enterprise settings.


4. AmberPOS

  • Best for: SMBs
  • Price: starts at $999 per license
  • Mar 11, 2022
Compare AmberPOS Vs. NetSuite for Retail

AmberPOS software is a point of sale and retail management solution that is designed for small and midsize businesses. It offers a number of features that include a customer management function that establishes, tracks and maximizes the lifetime value of each customer.


5. DocRead for SharePoint

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 24, 2022
Compare DocRead for SharePoint Vs. NetSuite for Retail

DocRead for SharePoint is a cloud-based as well as on-premise policy management and compliance solution that has been developed to be used by businesses in all types of industries including manufacturing, construction, and insurance among others.


6. Springboard Retail Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $80 per month
  • Jun 01, 2022
Compare Springboard Retail Software Vs. NetSuite for Retail

Heartland Point of Sale is a cloud-based POS and retail management software that offers a fresh approach to POS solutions and a better retail software experience. Starting from item entry via look up or scan to customer lookup and creation, this POS system offers all the features you need and is als...


7. Endpoint Security for Business Select

  • Best for: Small, medium and large size businesses
  • Price: starts at $404.20 per license
  • Mar 27, 2022
Compare Endpoint Security for Business Select Vs. NetSuite for Retail

Endpoint Security for Business Select is an endpoint security solution for businesses of all sizes. It offers such capabilities as cloud based scanning, endpoint firewall, device monitoring, and others. The software was designed and launched by Kaspersky Lab headquartered in Moscow, Russia.


8. Ambitious Point of Sale Software

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Jun 01, 2022
Compare Ambitious Point of Sale Software Vs. NetSuite for Retail

Ambitious Point of Sale Software is a POS solution that helps businesses in the creation of bids, sales orders, and invoices. The solution offers a number of functionalities that include an order processing feature combines the power you demand with the simplicity of operation to get employees produ...


9. Vend

  • Best for: SMBs
  • Price: starts at $99 per month
  • Jul 02, 2022
Compare Vend Vs. NetSuite for Retail

Vend is a cloud-based and on-premise Point of sale system that is specifically designed for use in businesses of all sizes from small-sized businesses, medium-sized businesses, and large enterprises.


10. Smartwerks

  • Best for: Small, medium and large size businesses
  • Price: starts at $119 per month
  • Aug 18, 2022
Compare Smartwerks Vs. NetSuite for Retail

Smartwerks is a cloud-based Point of Sale software with inventory and accounting solutions. It provides users with a platform where they can sell their products faster, optimize their inventory, reward customer loyalty, and manage item repairs.


Pricing Guide - Retail Software:

Retail POS Price Range

Most retail point of sale products in the market have pricing based on the number of users, physical locations, machines, or sales outlet. Most products are priced per month, and their pricing can be divided into three tiers, starting from $29 to $39, $39 to $75, and then $75 upwards.

These are the price ranges for basic offerings of most vendors; hence, premium offerings which come with more features cost more. For example, Ricochet pricing starts from $99 per month, KORONA costs about $49 per month, and WooPOS pricing starts from $29 per month. Perpetual licences can also be bought for some retail POS software. An example is RetailEdge which can be bought with a one-time fee of $449.

In addition, retail POS vendors target different organization sizes, so business size determines the price.

  • Small Businesses that are looking for a retail POS system can expect to pay between $25 to $50 on a monthly basis. For instance, Epos Now pricing starts from $39 per month, and ThriftCart starts from $50 per location, per month. Meanwhile, some products have freemium plans for small business, while some products are completely free. For example, HadePay is 100-percent free to use.
  • Medium Businesses can expect pricing points between $50 to $120 for a retail POS system monthly. For example, Heartland Retail pricing starts from around $99 per month, LightSpeed POS from $69 per month, and Realtime Cloud from around $80 per month. The number of user accounts paid for on each plan can also attract discounts, depending on the pricing terms from each vendor.
  • Large Businesses can expect prices that fall between the range of $120 to $500 for a retail POS system monthly. For example, RUnit Realtime Cloud pricing starts from $258 per machine monthly, WinWard System Five from around $125 per month, and Epicor Retail Solutions costs around $350 per month for each user account. However, many vendors do not disclose their pricing for large businesses so as to enable them to adjust their pricing based on the need of each organization.

Here are some Retail POS best of breeds and their price ranges are as follows:

  • Retail Management Software Retail management products can be divided into three tiers, and the price ranges for each tier are $28 to $39, $39 to $83, and $83 above. Also, most retail management products are priced on a monthly basis per user or physical location managed with the software. For example, Quant Retail pricing starts from $180 per user monthly, PHP Point of Sale from $39 per month, and POSExpress costs up to $190 per month.
  • iPad POS Most iPad POS products in the market are priced per user or per usage based on a monthly basis. Their price points fall into two tiers, starting from $0 to $30, and then $30 to $85. For example, TillPoint pricing starts from $29 per month, Ambur POS from around $60 per month, and Loyverse pricing starts from $0.01 per usage every month. Meanwhile, some iPad POS software have perpetual licenses that can be bought with a one-time fee; an example is Digital Dining which costs $10,000.
  • Bar POS Software Bar POS products in the market can be divided into two tiers, with each having a different price range depending on the robustness of features. The price ranges fall within $15 to $40 and $40 to $85. For example, BePOZ Point of Sale pricing starts from $69 per month, HarbourTouch POS from $29 per month, and Unicenta from $49 monthly.
  • Restaurant POS Software For a restaurant POS software, users can expect to pay between the ranges of $50 to $100 above per user, table, or managed location. For example, SpotOn Restaurant pricing starts from $65 monthly, Toast POS from $79 per month, and Upserve POS pricing is around $59 monthly. However, most products may incur extra one-time fees that fall between $2,000 to $7,000 because they require additional hardware equipment to run.
  • Retail Management POS Most Retail Management POS software in the market are priced on a per-user, per-month basis, and their price can fall between three ranges, from $0 to $50, $50 to $100, and then $100+ upwards. For example, Lavu pricing starts from $69 per month, PoinOS from $39 per user monthly, and TouchBistro from around $70 per user monthly.

11. Jewel Mate

  • Best for: SMBs
  • Price: starts at $3,500 per license
  • Sep 23, 2022
Compare Jewel Mate Vs. NetSuite for Retail

Jewel Mate is an on-premise point of sale and retail management solution that is designed to help jewelry stores to automate their operations and reduce the amount of labor done. The retailers and wholesalers are also beneficiaries of the solution since it helps them process the day to day activitie...


12. Shoptiques POS

  • Best for: SMBs
  • Price: starts at $125 per month
  • May 16, 2022
Compare Shoptiques POS Vs. NetSuite for Retail

Shoptiques POS is a retail processing software that allows the user to manage stores, products, and staff using real-time reporting analytics. It also allows the customer to handle order checkout and manage inventory.


13. HIPPOS

  • Best for: SMBs
  • Price: starts at $49 per terminal/month
  • May 16, 2022
Compare HIPPOS Vs. NetSuite for Retail

HIPPOS is a cloud-based Point-of-sale software designed for retailers, restaurants, hospitality, and hardware businesses.


14. iOFFICE

  • Best for: Small, medium and large size businesses
  • Price: starts at $500 per month
  • Apr 27, 2022
Compare iOFFICE Vs. NetSuite for Retail

iOFFICE has 10 independent, fully integrated modules, that businesses can choose and pay for only the applications they need. Ranging from facilities and space management to package, asset and visitor tracking to conference and desk reservations, iOFFICE is the only 100% SaaS-based software on th...


15. Agiliron

  • Best for: Small, medium and large size businesses
  • Price: starts at $85 per month
  • Apr 28, 2022
Compare Agiliron Vs. NetSuite for Retail

Agiliron is a Software as a Service and mobile-based point-of-sale (POS) solution designed to cater to both mobile and in-store businesses and the online sales channels. The solution core features include e-commerce, warehouse management order management, email marketing, customer support, and inven...


16. CashFootprint Professional

  • Best for: SMBs
  • Price: starts at $299 per license
  • Apr 25, 2022
Compare CashFootprint Professional Vs. NetSuite for Retail

CashFootprint Professional is a retail-POS software designed to provide secure processing solutions and help users to save more in any transaction.


17. ConsignPro

  • Best for: SMBs
  • Price: starts at $129 per feature
  • Apr 27, 2022
Compare ConsignPro Vs. NetSuite for Retail

ConsignPro is retail software designed to manage the operations of resale and consignment businesses. The software offers an easy and intuitive management solution for the retailers. It was developed by Visual Horizons Software and launched in 1996. ConsignPro serves to regulate the sales revenue...


18. SAP Business One

  • Best for: Small, medium and large size businesses
  • Price: starts at $56 per user/month
  • Dec 20, 2022
Compare SAP Business One Vs. NetSuite for Retail

SAP Business One software is an enterprise resource planning solution designed for small and midsized business. The solution offers a number of functionalities that include premium engagements that secure businesses long-term success with the highest level of enterprise and collaboration.


19. Liberty4 Consignment

  • Best for: SMBs
  • Price: starts at $750 per license
  • May 17, 2022
Compare Liberty4 Consignment Vs. NetSuite for Retail

Liberty4 Consignment is a comprehensive software tool designed for the management of consignment, thrift and resale stores. Its features include account management, inventory management and point of sale operations, consignor payments, report generation, email integration and word processing, multi-...


20. EDGE

  • Best for: SMBs
  • Price:
  • May 18, 2022
Compare EDGE Vs. NetSuite for Retail

From space saving short bar loaders that handle 4” bars up to 60” in length to 12-foot and 6-foot magazine loaders that can feed up to 2” diameter - the EDGE line of bar feeders have both defined and established the standard in the segment we term “economical excellence”. Whether your needs are s...


21. Quetzal

  • Best for: Small businesses and start ups
  • Price: starts at $75 per month
  • May 18, 2022
Compare Quetzal Vs. NetSuite for Retail

Quetzal is a cloud-based software developed to offer a platform for retailing in a specialized field. The software works well in small-sized businesses and medium-sized businesses dealing with items such as fashion, leather goods, and gift shops.


22. My Axis Point

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $129 per month
  • May 25, 2022
Compare My Axis Point Vs. NetSuite for Retail

My Axis Point is a point of sale and retail solution for small and medium sized businesses. Its services include inventory management, customer management, accounting, and other capabilities. The software was developed and launched by Synderesis Technologies Inc headquartered in Colorado...


23. COMCASH Retail ERP

  • Best for: Small, medium and large size businesses
  • Price: starts at $125 per license
  • May 25, 2022
Compare COMCASH Retail ERP Vs. NetSuite for Retail

COMCASH ERP is a retail management software solution for multi-channel and multi-location retailers. The software was designed by COMCASH, Inc., headquartered in California, United States. It offers a verity of cloud-based features for efficient regulation of your retail business. 


24. ECi RockSolid POS

  • Best for: Small businesses and start ups
  • Price: starts at $5,995 per license
  • May 25, 2022
Compare ECi RockSolid POS Vs. NetSuite for Retail

ECi RockSolid POS is a point of sale solution, inventory management and accounts receivable system specially designed for lumber and hardware businesses. This software offers a way to create collaboration between a hardware store vendor and a team of expert developers.  The POS solution offered by t...


25. Craftsman

  • Best for: Small, medium and large size businesses
  • Price: starts at $78.50 per license
  • May 25, 2022
Compare Craftsman Vs. NetSuite for Retail

Craftsman is software that automates the sales operations of jewelers. Various features of the software deal with the sales, accounting and inventory management aspects of the business. The software was developed by Applications Systems Corporation based in Bosten, United States. Craftsman streamli...


26. Rapid Bev POS Software

  • Best for: Small, medium and large size businesses
  • Price:
  • Jun 10, 2022
Compare Rapid Bev POS Software Vs. NetSuite for Retail

Rapid Bev POS software is a comprehensive cloud-based point of sale platform mainly built to serve wine shops, liquor stores, breweries, wineries, and wholesale distributors. The core features of Rapid Bev POS are inventory management, security, labor management, reporting, e-commerce, accounting, a...


27. SimpleConsign

  • Best for: Small, medium and large size businesses
  • Price: starts at $129 per location/month
  • May 25, 2022
Compare SimpleConsign Vs. NetSuite for Retail

SimpleConsign is a cloud-based retail and point of sale system that is developed to be used by businesses and individuals. The solution is developed to be used in businesses of all sizes such as small-sized businesses, medium-sized businesses, and large enterprises in various industries such as cons...


28. Sunami

  • Best for: Small businesses and start ups
  • Price:
  • Jun 23, 2022
Compare Sunami Vs. NetSuite for Retail

Sunami is a POS cloud software and a restaurant management system. It provides fast and reliable desk service, retail services, department stores, gastronomy and escalation services, bars, franchises, pizza and delivery, cafeteria, ACH franchise orders, payroll management, online catering, central m...


29. Phorest Salon Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • Jun 22, 2022
Compare Phorest Salon Software Vs. NetSuite for Retail

Phorest Salon Software is a growing cloud-based Retail-POS software, it is designed to support small, medium and large size business. Phorest Salon Software received a rating of 4.9 from ITQlick team. The software cost is considered affordable (1.4/5) when compared to alternative solutions.


30. FloristWare

  • Best for: Small businesses and start ups
  • Price: starts at $149 per month
  • Jun 28, 2022
Compare FloristWare Vs. NetSuite for Retail

FloristWare is an on-premise and cloud-hosted POS (point of sale) software solution that is designed specifically for retail florists. The platform comprises of several applications that help enhance the operations of the retail business in the flower industry.


31. NCR Silver

  • Best for: Small businesses and start ups
  • Price: starts at $79 per feature/month
  • Jun 23, 2022
Compare NCR Silver Vs. NetSuite for Retail

NCR Silver is iPad point of sale (POS) software designed for small retail businesses. Its main features include POS, reporting, customer relationship management and employee management. It is available for on-premise deployment and for client server deployment.   NCR Silver was developed by NCR in...


32. Kounta

  • Best for: Small, medium and large size businesses
  • Price: starts at $80 per month
  • Dec 18, 2022
Compare Kounta Vs. NetSuite for Retail

Kounta is a point of sale software for hospitality businesses to manage order production and delivery, control stock and expenses, get detailed organizational reports, and make transactions.


33. Ricochet Consignment Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • Jun 25, 2022
Compare Ricochet Consignment Software Vs. NetSuite for Retail

Ricochet Consignment Software is a point-of-sale cloud-based platform that is built to help consignment shops as well as thrift any size of businesses. The software can be deployed on the Cloud, On-Premise and as an Open AP.


34. Instore

  • Best for: SMBs
  • Price: starts at $39 per feature/month
  • Jun 24, 2022
Compare Instore Vs. NetSuite for Retail

Instore is a point of sale management solution for businesses of all sizes. It offers support for multiple payment methods along with inventory management, analytics, and other services. The software was developed and launched by Own Group Inc headquartered in California, United States.


35. Manhattan Active Omni

  • Best for: Large business
  • Price:
  • Jan 09, 2022
Compare Manhattan Active Omni Vs. NetSuite for Retail

Manhattan Active OmniChannel is an OmniChannel retailing software that enables retailers to manage customer orders across brands and channels and analyzes customers social conversations to provide customer insights and understand their buying behaviour.


36. MyPOS Connect

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 28, 2022
Compare MyPOS Connect Vs. NetSuite for Retail

MyPOS Connect is a hospitality and retail POS software that allows retailers to manage businesses POS operations. The software improves sales data access, provides business data for reporting, manages stock functions, and updates stock availability.


37. Retail MARKET

  • Best for: Small, medium and large size businesses
  • Price: starts at $79 per month
  • Jan 16, 2022
Compare Retail MARKET Vs. NetSuite for Retail

Retail Market is a POS software that enables grocers to improve customers check-out experiences and provides insights through generated reports that assist businesses in assessing the store performance.


38. CAP Retail Point of Sale

  • Best for: Small businesses and start ups
  • Price: starts at $99 per user/month
  • May 25, 2022
Compare CAP Retail Point of Sale Vs. NetSuite for Retail

Improve checkout, create happier customers, and grow your business. Powerful customer support. Zero hidden fees. No long-term contracts.


39. ThriftCart

  • Best for: SMBs
  • Price: starts at $50 per month
  • Jan 02, 2022
Compare ThriftCart Vs. NetSuite for Retail

ThriftCart is a retail POS software that offers POS solutions, pickup scheduling, timesheet/worker scheduling and drop-off donation tracking solutions.


40. Retail Plus

  • Best for: Small businesses and start ups
  • Price: starts at $249 per workstation
  • Jul 15, 2022
Compare Retail Plus Vs. NetSuite for Retail

Retail Plus is a retail management and POS solution designed for businesses of all sizes. It offers such services as credit card processing, customer management, customizable reporting, and others. The software was designed and launched by Retail Plus Point of Sale Inc headquartered in British Colum...


41. MJ Freeway

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 24, 2022
Compare MJ Freeway Vs. NetSuite for Retail

MJ freeway is a sale-to-sale, cloud-based software that manages the daily activities of all-size CBD, hemp, and cannabis businesses. This POS (point-of-sale) software features monitoring, regulatory compliance reporting, inventory tracking systems, patient management, and cultivation management as p...


42. STORIS Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $529 per license
  • Jul 24, 2022
Compare STORIS Software Vs. NetSuite for Retail

STORIS is a Unified Commerce Solution made specifically for home furnishing and appliance retailers. STORIS Software is deployable through the cloud on a subscription basis or on-premise through a one-time license.


43. MultiFlex Retail Management System (RMS)

  • Best for: SMBs
  • Price: starts at $895 per license
  • Jul 15, 2022
Compare MultiFlex Retail Management System (RMS) Vs. NetSuite for Retail

MultiFlex RMS is a POS and retail management software solution for small and medium businesses. It regulates such aspects of business as e-Commerce, customer relationship, and inventory management. The software was designed by Microhouse Systems Inc. headquartered in Ontario, Canada.


44. RICS Enterprise Retail Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $249 per month
  • Jul 25, 2022
Compare RICS Enterprise Retail Software Vs. NetSuite for Retail

RICS Enterprise Retail Software is a software tool for point of sale (POS) service provision and retail management designed for medium and large businesses. Its main features include POS, inventory management, customer management and analytics and reporting. It has ecommerce and retail accounting fe...


45. ServiceChannel

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 27, 2022
Compare ServiceChannel Vs. NetSuite for Retail

ServiceChannel is a cloud-based computerized maintenance management software solution. The software is designed to assist facilities managers to pay for repair and maintenance services. In addition, the software also assists in sourcing and procuring these services from commercial contractors across...


46. Swim Jewellery Software

  • Best for: SMBs
  • Price: starts at $79 per month
  • Jul 26, 2022
Compare Swim Jewellery Software Vs. NetSuite for Retail

Swim Jewelry Software is a web based POS management software solution for jewelry businesses. The software was designed by Octahedron Pty Ltd., headquartered in Queensland, Australia. It offers various applications for retail accounting, CRM, inventory management and repair. 


47. CORESense

  • Best for: Small, medium and large size businesses
  • Price: starts at $150 per month
  • Jul 26, 2022
Compare CORESense Vs. NetSuite for Retail

CORESense is end-to-end cloud based retail management software. The software offers solutions for e-Commence, order management, customer relationship and marketing all in one system. The software was developed and launched by CORESense Inc. which is headquartered in Saratoga Springs, New York. CO...


48. CMI Fixed Assets

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per license
  • Jul 27, 2022
Compare CMI Fixed Assets Vs. NetSuite for Retail

CMI Fixed Assets is a fixed assets management solution for businesses of all sizes. Its capabilities include asset lifecycle management, disposal management, depreciation management, and others. The software was developed and released by Pro Systems Inc headquartered in North Carolina, United States...


49. Quickbooks POS

  • Best for: Small businesses and start ups
  • Price: starts at $960 per license
  • Aug 15, 2022
Compare Quickbooks POS Vs. NetSuite for Retail

Quickbooks POS is a cloud-based and on-premise mobile point of sale solution that is designed to help the user manage customer relations and sales processes. Some of its core features include barcode scanning, price lookup, credit card processing and receipt notes among others.


50. RQ Retail Management

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • Aug 02, 2022
Compare RQ Retail Management Vs. NetSuite for Retail

RQ is point of sale (POS) and retail management software designed for businesses selling wireless devices and services. Its core modules include point of sale, inventory management, customer relationship management (CRM) and accounting and reconciliation and online shop widgets. Additional modules a...


51. Bepoz

  • Best for: Small, medium and large size businesses
  • Price: starts at $69 per month
  • Aug 04, 2022
Compare Bepoz Vs. NetSuite for Retail

Bepoz is a cloud-based point-of-sale (POS) solution designed for single & multi-location restaurant, retail operations, and admissions businesses. The solution helps the user manage multiple locations, get mobile & go anywhere as well as engage the customers.


52. Vin eRetail WMS

  • Best for: Small, medium and large size businesses
  • Price: Has a free version
  • Aug 06, 2022
Compare Vin eRetail WMS Vs. NetSuite for Retail

Vin eRetail WMS is an omnichannel retailing software developed for businesses to manage sales across various channels. The software uses its CMS tools to resolve marketplace listing challenges and product information upload and boost retailers presence on online and offline platforms.


53. ReadyStore

  • Best for: Medium and large size businesses
  • Price:
  • Aug 03, 2022
Compare ReadyStore Vs. NetSuite for Retail

ReadyStore is a POS and retail management solution for small and medium businesses. Its capabilities include inventory management, customer management, employee management, and others. The software was designed and launched by UTC Retail headquartered in New York, United States.


54. RT7 V2POS

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per license
  • Sep 08, 2022
Compare RT7 V2POS Vs. NetSuite for Retail

RT7 V2POS is a restaurant ordering software for restaurant operators to maintain a uniform pricing system in online stores. With this software, users can carry out marketing functions, manage menus and orders, and increase cash flow.



A Buyer's Guide to Retail Solutions

Point of Sale/Retail Buyer’s Guide
 
Point of Sale (POS); a very familiar term to many business owners most especially of restaurants, hotels, retail stores, and shopping centers. While still a lot of companies are using the proven-effective and efficient cash register, POS software products on the other hand has been the trend in the software market for years. POS software solution is the modern cash register. It records retail transaction between customers and sellers when it happens.
 
POS software solutions encompass many features of traditional checkout machines.  Today, POS solution packages often come with integrated accounting modules, including general ledger, accounts receivable, accounts payable, purchasing, and inventory control systems. That is, a POS system is an all-in-one solution that keeps track of your business's cash flow. Investment wise, this is an eye-opener to business owners out there whose goal is to increase sales and maximize inventories. On this Buyer’s Guide, we at ITQlick.com would like you to take another closer look on the importance of POS; what can it really bring to your business and why thousands of POS software solutions have been sold in the last ten years.
 
Types
First of all, POS software solutions can provide these awesome benefits.
  • In-depth analysis of sales data
  • Protection of business data
  • Increase business overall productivity
 
Keeping these things in mind will help you better weigh the advantages and disadvantages, one over another, of the different types of POS software solutions available. On this section, we are going to present three categories of POS solutions. Your task as a future buyer and user is to benchmark their capabilities while taking into consideration your overall business requirements.
 
Base on Application
  • Merchandise Management
  • Warehouse Management
  • Transportation Management
  • Business Intelligence
  • Inventory Control
  • Retail Accounting
  • Retail CRM
 
Base on Technology
  • Software as a Service (Cloud-based)
  • Proprietary (On-premise)
  • Industry-specific (best-of-breed)
  • Open Source
  • Mobile/Wireless POS
  • DOS-, Windows-, Mac-, Linux- based (Operating System)
 
Base on Configuration Model
  • Stand-alone Terminal
  • Network System (multiple terminals)
  • Controller-based System
 
Features
A POS solution buyer must be fully aware that most POS solution packages are often offered as a bundle of software and hardware peripherals. But to clarify, purchasing either the software or hardware alone, or the combination of both, is always an option. Retailers usually utilize scanners, weighing scale, electronic cash registers, touch screens, and many other peripherals that support sales execution. So if you will be selecting a POS solution, always consider the features of both the hardware and software. Here are the features to check for both.
 
Software
  • Internet data boards
  • Multi-management function
  • Frequent diner program support
  • Additional features
  • Software Integration
  • Ease of Use
 
Hardware
Always check the hardware and software compatibility and evaluate the right hardware and their functionality against the requirement of your system. Hardware peripherals often offered as part of the solution package are:
  • Touch Screens
  • Keyboards
  • Scanners
  • Handheld Devices
  • Printers
  • Cash Drawers
  • Customer Displays
  • Check Readers
  • Fingerprint ID Readers
 
In addition, get to know also the POS system support and warranty options. Consider inquiring if below modes/types of support are available:
  • Phone support
  • Remote Internet support
  • Loaner equipment
  • In-person support
 
 
Solutions per Business Size, per Vendor
In the retailing industry, POS system solutions market basically has two primary types of customers: retail operations and hospitality businesses. By way of identifying what types of customers you are servicing, you will be able to narrow down your search for the right POS solution. Before we provide a list of POS solution providers that you may want to assess and evaluate, let us give some emphasis first on these buying techniques and strategies.
 
  1. The right POS system solution is one that allows you to assess your inventory easily and thoroughly. Look for a solution that gives you Re-ordering Point (ROP) alerts and then automatically generates Purchase Order (PO) base on it.
  2. Weigh the ease-of-use against functionality. Look for a system that will give balance to speed, time, and features.
  3. Look for a system base on your business size, current needs, and available time of implementing it. A solution that can be customized as you grow and expand is a smart investment strategy.
  4. As cited earlier, always check the POS hardware and software.
  5. Always prefer a solution that is simple, modifiable, and user-friendly. These attributes of a POS user interface would always be a great purchase deal.
 
Now, here are some of the POS solutions where you can make use of the above techniques and strategies.
 
  • Actinic
  • EPOS Retail
  • Microsoft Dynamics
  • SalesStream
  • SAP
  • Volanté
  • Wasp Barcode Technologies
 
For more information about POS solution selection tips and ideas, ask our experts at ITQlick.com
 
Pricing Considerations
So far, we’ve gone through all the important considerations when buying a POS software solution. This time, let’s go over with pricing considerations. How much is a POS system? Basically, with all the possible software-hardware combinations, and miscellaneous costs to consider, there is no one off-the-shelf system that could have a fixed price on top of it. Here are some of the best ways to look into POS solutions when pricing is in question.
 
POS solution can provide significant returns if a retail or hospitality business have annual revenues of around $5M to $1M. As a general guide, as the POS functional breadth and depth increases, the price per terminal also increases. Starting from a small retailer climbing up to a mid-size and then large retailer level, it’s almost a linear increase of cost. To clearly understand this, here’s how POS are basically priced.
 
Cloud-based POS software solution is typically priced on a per-terminal/user, per-month basis, with some vendors offering discounts if you pay annually instead of monthly. On-premise software solution, on the other hand, is usually priced by the number of perpetual licenses required for each terminal, with fees typically paid upfront for the right to use the software in perpetuity (rather than paying based on subscription). On the average, a stand-alone or on-premise system with a single software license has a typical cost of $1,500 per terminal/user.
 
According to a market research, by using an affordable, integrated POS system, an independent retailer with revenue of $300,000 can cut costs by close to 10%. So come to think of it: cloud-basedor on-premise?
 
Market Trends
What is Bitcoin’s relevance to POS? Well, Bitcoin is a digital currency and as of this writing, some POS systems are already accepting it as a payment option. POS industry is generally in a linear progression of growth. Mobile POS, or the wireless capability of POS, is just becoming common to every city of any country. From iPad, to Mac, to PC, to Android, POS software applications have truly gone beyond the traditional cash register. Retail CRM and Merchandise Management applications are both intelligent features of POS that are bringing this industry into the limelight.
 
And as ITQlick.com’s final words of encouragement, here’s another good reason to proceed with your POS solution investment plan. According to the National Retail Federation, annually, U.S. retailers lose $224 billion due to excess inventory and $45 billion from not having inventory in stock. This calls for a reliable and dependable POS system and the right time to launch that investment is now.
Finding the right Retail software for your business
Proper Retail software selections are the precursor to successful deployment and business growth. Finding the right Retail solutions doesnít have to be complicated, and it doesnít have to take days or weeks of your time.

After researching over 5,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.



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Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.