Top 54 Retail & POS Software

2022's Best 54 Retail & POS Systems

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1. ShopKeep POS

  • Best for: Start up, Small business
  • Price: starts at $49 per month
  • Mar 09, 2022
Compare ShopKeep POS Vs. ShopKeep POS

ShopKeep by Lightspeed is a point of sale management solution for businesses of all sizes. Its services include inventory management, customer management, employee management, and others. The software was designed and launched by ShopKeep.com Inc headquartered in Texas, United States.


2. Toast POS

  • Best for: Small, medium and large size businesses
  • Price: starts at $165 per month
  • Mar 09, 2022
Compare Toast POS Vs. ShopKeep POS

Toast POS is a simple yet powerful all-in-one point of sale (POS) software designed to supercharge the operations in a restaurant setting.


3. NetSuite for Retail

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

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...


4. Rezku POS Software

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

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...


5. Lavu

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

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.


6. Revel iPad POS

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per terminal/month
  • Mar 09, 2022
Compare Revel iPad POS Vs. ShopKeep POS

Revel iPad POS software is a point-of-sale solution that is designed to transform businesses. The solution has a number of features that include a gift card tool that increases sales, earn new ones by offering gift cards and retain old customers.


7. Epos Now

  • Best for: Small businesses and start ups
  • Price: starts at $39 per user/month
  • Mar 09, 2022
Compare Epos Now Vs. ShopKeep POS

Epos Now is a cloud-based point of sale (POS) software offering users a unified platform in which they can control inventory, employee activity and back office.


8. PayPal Here

  • Best for: Small, medium and large size businesses
  • Price: starts at $29 per license
  • Mar 09, 2022
Compare PayPal Here Vs. ShopKeep POS

PayPal Here is a cloud-based mobile credit card processing solution designed to help the user process mobile payments through a chip and mobile card readers. The solution is designed both for personal and business use. It helps the user get paid on the go or in the store.


9. Breadcrumb

  • Best for: SMBs
  • Price: starts at $59 per month
  • Mar 09, 2022
Compare Breadcrumb Vs. ShopKeep POS

Breadcrumb is a point of sales/POS management software giving users with an extensive suite of features optimized for Apple devices. Aside from POS system, payment solutions, time clock and check and table management functionalities are also integrated with it.


10. TouchBistro

  • Best for: Small businesses and start ups
  • Price: starts at $69 per month
  • Mar 10, 2022
Compare TouchBistro Vs. ShopKeep POS

**EMV Ready!** TouchBistro iPad POS has been reviewed as the Best Restaurant POS by Business News Daily and is the #1 food and beverage app in 34 countries worldwide. TouchBistro is designed specifically for the restaurant industry. Every ounce of engineering and design put into TouchBistro i...


Pricing Guide - Retail & POS 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. LightSpeed

  • Best for: Small, medium and large size businesses
  • Price: starts at $69 per month
  • Mar 10, 2022
Compare LightSpeed Vs. ShopKeep POS

LightSpeed software is a point of sale solution that helps retailers run their businesses. The solution has a number of capabilities that include merchant services that manage all transactions from one place and increases security.


12. AmberPOS

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

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.


13. Retail-Man POS

  • Best for: Start up, Small business
  • Price: starts at $349 per year
  • Mar 12, 2022
Compare Retail-Man POS Vs. ShopKeep POS

Retail-Man POS is an on-premise point of sale solution designed for small and medium-sized retail outlets either single or multi-store. It helps the user with inventory control and accounting. Some of its core features include barcode scanning, commission management, and loyalty program management a...


14. Visual Anthology

  • Best for: Medium business
  • Price: starts at $260 per user/month
  • Mar 12, 2022
Compare Visual Anthology Vs. ShopKeep POS

Anthology POS is a cloud-based point of sale and inventory control software tool. The software is structured to be a bookstore POS with off-site sales, encrypted credit card processing, accounting links, inventory analysis, reporting, gift card management, and multi-store tools. The software has bot...


15. webPOS

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $30 per location/month
  • Mar 12, 2022
Compare webPOS Vs. ShopKeep POS

WebPOS is a web-based point of sale software that is hosted on the cloud. The WebPOS is a comprehensive e-commerce solution provider with integrated features such as inventory management which provides a real-time view of the inventory, and customer management tool which allows the user to efficient...


16. XChange POS

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Mar 14, 2022
Compare XChange POS Vs. ShopKeep POS

XChange POS is an on-premise point of sale software designed for any business size. The core features include barcode scanning, inventory tracking, and customer loyalty card. The user can tailor the solution to meet their specific needs.


17. Clover

  • Best for: Small, medium and large size businesses
  • Price: starts at $9.95 per month
  • Mar 14, 2022
Compare Clover Vs. ShopKeep POS

Clover is a Java code and metrics management solution for businesses of all sizes. Its services include code risk management, test optimization, continuous integration, and others. The software was designed and launched by Altassian headquartered in Sydney, Australia.


18. Aralco POS

  • Best for: Small, medium and large size businesses
  • Price: starts at $99 per month
  • Mar 14, 2022
Compare Aralco POS Vs. ShopKeep POS

Aralco POS is a cloud-based point of sale and inventory management software solution that has an e-commerce integration. Aralco POS is designed with a goal, which is to meet the needs of the small and mid-size retailers within the footwear, automotive and industrial supplies, apparel, as well as pha...


19. PHP Point Of Sale

  • Best for: Small businesses and start ups
  • Price: starts at $28.25 per month
  • Mar 20, 2022
Compare PHP Point Of Sale Vs. ShopKeep POS

PHP Point of Sale is a cloud-based point of sale software that helps drive small retail businesses to more customer-focused and profit-generating establishments.


20. SimpleOrder

  • Best for: SMBs
  • Price: starts at $79 per month
  • Mar 20, 2022
Compare SimpleOrder Vs. ShopKeep POS

SimpleOrder is a retail & POS app designed to help food & beverage establishments simplify their back of house operations and management.


21. Auto-Star Retail POS

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $99 per month
  • Mar 20, 2022
Compare Auto-Star Retail POS Vs. ShopKeep POS

Auto-Star Retail is a cloud-based point of sale system that is developed to be used in businesses as well as by individuals. The solution is designed to work in businesses of all types and can be used in medium-sized businesses, small-sized businesses, and large enterprises in various industries suc...


22. Apple Pay

  • Best for: Small, medium and large size businesses
  • Price: starts at $300 per license
  • Mar 22, 2022
Compare Apple Pay Vs. ShopKeep POS

Apple Pay is a Cloud-based, Hardware-based Retail POS software that allows its users to process purchases in applications, web, and physical stores.


23. AIMsi POS

  • Best for: SMBs
  • Price: starts at $995 per license
  • Apr 18, 2022
Compare AIMsi POS Vs. ShopKeep POS

Much more than a typical ‘off the shelf’ package, the AIMsi is a complete point of sale (POS), accounting and business, inventory management application software. This software offers, not only a way to control the inventory, management of the customers, tracking all of the sales, but also includes ...


24. GiftLogic software

  • Best for: Small businesses and start ups
  • Price: starts at $49 per month
  • Apr 18, 2022
Compare GiftLogic software Vs. ShopKeep POS

GiftLogic is a point of sale management solution for businesses of sizes. Its capabilities include inventory management, customer management, employee management, accounting management, and others. The software was designed and launched by GiftLogic headquartered in Florida, United State...


25. Lightspeed Restaurant

  • Best for: Small, medium and large size businesses
  • Price: starts at $39 per month
  • Mar 11, 2022
Compare Lightspeed Restaurant Vs. ShopKeep POS

Lightspeed Restaurant is a cloud-based, comprehensive point of sales (POS) system helping the users in managing the staff, serving the customers and monitoring performance, so they can ensure that the guests receive the best.


26. Cash Register Express

  • Best for: Small businesses and start ups
  • Price: starts at $599 per license
  • Mar 03, 2022
Compare Cash Register Express Vs. ShopKeep POS

Cash Register Express is a point of sale cloud-based software that allows users to streamline their business management as well as saving resources. It manages customer data in a very secure manner and sustains configurability.


27. Total Control Software POS

  • Best for: Start up, Small business, Medium business
  • Price: starts at $3,995 per license
  • Mar 22, 2022
Compare Total Control Software POS Vs. ShopKeep POS

Total Control Software POS is a dealer management solution that is designed to handle all aspects of your business. It offers a number of capabilities that include a point of sale tool that supports “over the counter” sales of inventoried and non-inventoried items.


28. Loyverse POS

  • Best for: Small businesses and start ups
  • Price: starts at $5 per employee/month
  • Apr 01, 2022
Compare Loyverse POS Vs. ShopKeep POS

Loyverse POS is a cloud-based, mobile point of sale/POS software designed to help users working in small retail, restaurant and salon establishments. It helps users with the management of the inventory, visualization of the sales analytics and management of customer relationships.


29. Odoo Point of Sale

  • Best for: SMBs
  • Price: starts at $7.50 per user/month
  • Apr 01, 2022
Compare Odoo Point of Sale Vs. ShopKeep POS

Odoo Point of Sale is a growing cloud-based Retail-POS software, it is designed to support small and medium size business. Odoo Point of Sale received a rating of 4.2 from ITQlick team. The software cost is considered affordable (1.1/5) when compared to alternative solutions.


30. Alert EasyPro

  • Best for: Start up, Small business
  • Price: starts at $1,500 per license
  • Mar 18, 2022
Compare Alert EasyPro Vs. ShopKeep POS

Alert easypro is both a cloud-based and on-premise management software developed to work in all market specialties. It is designed to fit well in medium-sized companies and large-sized companies majorly dealing with manufacturing and distribution.


31. ePASS

  • Best for: Start up, Small business, Medium business
  • Price: starts at $18.50 per license
  • Apr 11, 2022
Compare ePASS Vs. ShopKeep POS

ePASS is a point of sale and retail management solution for businesses of all sizes. It offers assistance in inventory management, customer management, employee management, and other domains. The software was designed and launched by R&D Business Systems Ltd headquartered in British Colu...


32. Comp-U-Floor Software

  • Best for: Start up, Small business, Medium business
  • Price:
  • Apr 13, 2022
Compare Comp-U-Floor Software Vs. ShopKeep POS

Comp-u-floor is a cloud-based software designed to help businesses manage their floor operations effectively. The software serves customers from small-sized businesses and medium-sized businesses to large-sized businesses.


33. NetSuite POS and Retail Manager

  • Best for: Large business
  • Price:
  • May 13, 2022
Compare NetSuite POS and Retail Manager Vs. ShopKeep POS

Netsuite POS is a cloud-based business management software developed to work in retail shops in all industries. The software works well in all sizes of businesses, small-sized businesses, medium-sized businesses, and large-sized businesses.


34. Square Register POS

  • Best for: Small, medium and large size businesses
  • Price: starts at $799 per license
  • May 24, 2022
Compare Square Register POS Vs. ShopKeep POS

Square Register POS software is a cloud-based mobile phone app Point of Sale Software available on the App Store and Google Play. Square Register POS is built to operate on a mobile phone or a tablet. Some core features of Square Register POS are online payment processing, inventory & digital receip...


35. 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. ShopKeep POS

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...


36. Yelp Reservations

  • Best for: Small, medium and large size businesses
  • Price: starts at $249 per month
  • May 20, 2022
Compare Yelp Reservations Vs. ShopKeep POS

Yelp Reservations is an online task management software for restaurants to locate more diners, manage table reservations, increase takeouts and delivery, and advertise your restaurant business.


37. Spirits 2000

  • Best for: Start up, Small business, Medium business
  • Price: starts at $8,500 per license
  • May 13, 2022
Compare Spirits 2000 Vs. ShopKeep POS

Spirits 2000 is a retail and POS management solution for liquor stores of all sizes. Its capabilities include credit card processing, inventory management, loyalty rewards program, and others. The software was designed and launched by Atlantic Systems Inc headquartered in New Jersey, Uni...


38. Nobly POS Software

  • Best for: Small businesses and start ups
  • Price: starts at $49 per month
  • Jun 07, 2022
Compare Nobly POS Software Vs. ShopKeep POS

Nobly POS is a cloud-based Retail & POS software that enables retailers to garner more insights on their products through analytical tools and reports.


39. Ace Retail POS

  • Best for: Small businesses and start ups
  • Price: starts at $675 per license
  • Jun 01, 2022
Compare Ace Retail POS Vs. ShopKeep POS

Ace Retail POS software is an inventory management point of sale solution. The solution offers a number of functionalities that include an e-commerce integration tool that coordinates between a companys e-commerce site and back-end accounting and inventory system.


40. 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. ShopKeep POS

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...


41. OnnaWay

  • Best for: Small, medium and large size businesses
  • Price: starts at $197 per month
  • Jun 14, 2022
Compare OnnaWay Vs. ShopKeep POS

OnnaWay software is a cloud-based and on-premise delivery management solution that is designed to help courier businesses to streamline their delivery operations. The software provides organizations with a fast delivery & courier system which helps improve their daily operations.


42. Pdg Commerce Ecommerce Web Store

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $599 per user/month
  • Jun 01, 2022
Compare Pdg Commerce Ecommerce Web Store Vs. ShopKeep POS

Pdg Commerce is cloud-based e-commerce that is suitable for retailers and medium-sized business. Pdg Commerce helps vendors to automate their selling process and provides the customs with a shopping cart that allows them to purchase goods and compare one good with the other.


43. StockTrac

  • Best for: Start up, Small business, Medium business
  • Price: starts at $39.90 per month
  • Apr 01, 2022
Compare StockTrac Vs. ShopKeep POS

StockTrac is a cloud-based POS (point of sale) system, which is designed to be used by small retail businesses. StockTrac performs inventory management for the user and is equipped with a barcode scanner, which makes it easier to take inventory stock.


44. CAKE Point of Sale

  • Best for: Small businesses and start ups
  • Price: starts at $69 per month
  • Jul 14, 2022
Compare CAKE Point of Sale Vs. ShopKeep POS

CAKE Point of Sale is a cloud-based Restaurant POS software that assists restaurant owners in speeding up order processes and establishing custom workflows.


45. Vend

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

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.


46. pcAmerica Cash Register Express

  • Best for: Small businesses and start ups
  • Price: starts at $599 per license
  • Jul 07, 2022
Compare pcAmerica Cash Register Express Vs. ShopKeep POS

Cash Register Express is a cloud-based point of sale system that is suitable for use by retail shops, small businesses, liquor stores, grocery stores and other types of stores.


47. Infinity Retail Management System

  • Best for: SMBs
  • Price:
  • Jul 02, 2022
Compare Infinity Retail Management System Vs. ShopKeep POS

Infinity RMS is an omnichannel, cloud-based Retail Management solution that incorporates Point of Sale, customer management, inventory control, eCommerce, fulfillment and loyalty in one platform.


48. Magento POS by MicroBiz

  • Best for: SMBs
  • Price: starts at $60 per month
  • Aug 25, 2022
Compare Magento POS by MicroBiz Vs. ShopKeep POS

Magento POS by MicroBiz is a cloud-based retail point of sale (POS) solution with an integrated retail management solution. Magento POS by MicroBiz can be regarded as a hybrid solution between two software products, that is Magento POS and MicroBiz retail POS.


49. Rent it Biz software

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $129 per month
  • Aug 23, 2022
Compare Rent it Biz software Vs. ShopKeep POS

Rent it Biz software is a cloud-based rental and point of sale system. The software is suitable for businesses of all sizes including small-sized businesses, medium-sized businesses, and large enterprises. User can manage their businesses from sales to marketing, and inventory managing in one suite.


50. Smartwerks

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

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.


51. VersaPOS

  • Best for: Medium and large size businesses
  • Price: starts at $137.29 per month
  • Sep 22, 2022
Compare VersaPOS Vs. ShopKeep POS

VersaPOS™ - SYSTIME's comprehensive retail software enables retailers to address industry challenges effectively. VersaPOS™ is designed with detailed inputs from leading retailers, making it adaptable to suit diverse needs. It is a reliable retail management solution which is built using Microsoft t...


52. Counterman

  • Best for: Start up, Small business, Medium business
  • Price: starts at $1,000 per license
  • Apr 16, 2022
Compare Counterman Vs. ShopKeep POS

Counterman is a cloud-based point of sale and retail management software that is designed for use in businesses such as small-sized businesses, startups, and medium-sized businesses across various industries. Users are provided with multiple functionalities in the software, including managing sales,...


53. Jewel Mate

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

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...


54. Coffee Shop Manager

  • Best for: Start up, Small business
  • Price:
  • Sep 20, 2022
Compare Coffee Shop Manager Vs. ShopKeep POS

Coffee Shop Manager is a cloud-based Point of sale (POS) and retail management solution designed for small and midsize businesses. The solution core features include customer service, table management, order tracking, and credit card processing, among others.



A Buyer's Guide to Retail & POS 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.

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Author - 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.