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Best Retail POS System & POS Billing Software in 2020

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Last Updated on : 04 Aug, 2020

Buyer's Guide for Top POS Software

Found our list of POS Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

About POS System

What is POS Software?
Pos Billing Software for Small Business
Online Pos Software
Modules of Point of Sale System Software
Types of POS Software
Advantages of Point of Sale POS Software
Complete Retail Pos System

What is POS Software?

Point of sale pos software is a computer application and a part of a pos system solution for billing. It helps to automate accounting and inventory for a small business like retail shops, grocery shops, medical stores, supermarkets and hypermarkets in India. Point of sale system software helps to reduce queue-in time with their advanced features like generating online invoices, bills, and keeping track of the inventory. This is available for computers and mobile devices both.

Pos billing software as the most important module of any POS billing software, helps with generating receipts & bills, calculations, financial record maintenance, marking products sold/exchanged, etc. Let’s assume your store sells 350 products. If you were to bill them manually, you open up the possibility of human errors. You could potentially miss marking a product as sold in your register or fail to account for certain sales which leads to financial turmoil at a later stage.

With best POS billing & invoicing software, you eliminate that risk as every purchase, big or small, is registered into the system along with purchase history and stock status. Additionally, the billing & invoicing module assists with bookkeeping by maintaining detailed records of transactions, taxes, and expenses. Different elements of accounting such as tax registry, ledger maintenance, dues tracker, and balance sheet maintenance, can be performed by the billing & accounting module. Most POS billing software payment solutions in India are GST-compliant, so your invoices are calculated and generated correctly. This prevents any discrepancy in your financial numbers.

Online Pos Software

Online Pos software is also known as a cloud-based pos software solution that doesn’t store your data on the local device but on the cloud. You can retrieve data, process payments, and get automatic updates with the help of the internet. You can also access your pos system from anywhere through the web and the internet. A cloud POS system also provides advanced analytics which can help you to make better business decisions. There is no need to pay additionally for maintenance as a cloud POS system has the feature of Automatic upgrades and data backups.

Modules of Point of Sale System Software

Retail Pos Inventory Management for Retail Shop

The retail pos inventory management module of a POS software helps with stock handling, procurement, and logistics, supply chain, warehouse management, inter & intra warehouse transfers, stock planning and more. For stores that handle large volumes of FMCG products, this module is particularly useful to keep a hawk-eye view over their movement.

Inventory management also helps in automating manual activities, that would require excess human resources. A POS software’s inventory management solutions simplify your tasks related to managing stock. Once product details are entered into the system, you can track their shelf movement anytime. And, rest assured knowing that in case of a sale, the system will mark it sold for the future reference. Additionally, should the stock volume be on the lower end, retailers will be reminded about placing orders for the respective items.

Sales Tracking & Reporting with a pos machine

When a customer walks into your store for the first time, the POS machine is used to make a record of their personal information. This record contains the details of the said customer, their name, phone number, email id, address, purchase history, birth, and anniversary date, etc. Based on these details, a retail store can communicate discounts, along with exclusive deals geared towards the customer.

A POS terminal keeps comprehensive sales records that are accessible from any device. Sales records help businesses in understanding the status of their sales, products in demand, products that aren’t selling and the most popular day/time when customers purchase more. Additionally, this module works in tandem with the inventory management feature. Sales performance records highlight the products that need to be purchased and the ones that need to be cleared from the shelf.

Employee Management

Employee management is a useful add-on module that helps businesses keep tabs on their employees. With this module, managers can track attendance and shift timings, and assign tasks to employees. If you run a hypermarket or a large-scale grocery store, this is a critical module for your use. Such stores tend to hire a large number of employees, and it can be tiring to manage them manually. With the employee management module of the best POS software, you can assign shifts to your employees, maintain a time-sheet, and keep track of which employee is on leave or absent in real-time.

Point of Sales CRM

Customer Relationship Management (POS CRM) is vital for any business. The goal of CRM is to keep customers happy and satisfied and eventually, turn them into loyal patrons. After all, happy customers lead to better word of mouth publicity and more sales, eventually. CRM module assists with the customer’s journey- Informing them about the happenings in your store and keeping them interested enough in your products & services.

This feature is also useful for building meaningful customer relationships by wishing them on birthdays, anniversaries and other important days. You might as well call your POS machine as the loyalty management software.

Best POS System Analysis

The analysis module helps in customized report generation. These reports are made as per your requirement. It presents you with all the details in a synchronized form. Product-wise sales and purchase analysis, stock and sales summary, stock aging are some of the things covered under the analysis module. You can directly mail these reports if required. Also, you can export it to excel, PDF and other formats.

Types of POS Software

Restaurant POS Software for Cafe, Bar & Restaurants

Restaurant pos software is used to make the activities happening in the restaurant easier. In a restaurant business, with the help of a mobile restaurant pos system, the waiters can send the orders directly to the kitchen. The restaurant pos designed for a restaurant business also has a bill splitting feature, which makes it easier for the customers to pay their bills. With inventory management inside POS, you can track your ingredients and keep your kitchen stocked up with the essentials. You can:

Track your sales and taxes
Get a faster billing process
Control your inventory better with the help of POS
Never go out of stock with your most-used ingredients by using a restaurant POS
Get regular KPI reports for quality reporting
Menus can be set up and changed according to your needs
Manage table reservations
Get several marketing tools to help your business grow
Accept card payments
Run loyalty programs

Supermarket Billing Software

Getting a supermarket pos system is the most practical solution for streamlining the sales process through their transactions. Using cash register and handheld devices to process transactions, it makes the retail experience of a customer better. With the help of supermarket POS, you can interact with the customer instead of sitting at the register counter and take payments from the customers from anywhere in the shop. Supermarket billing software is designed for the retail industry to ease out their business processes. It contains a computer, cash drawer, receipt printer and barcode scanner collectively known as the cash register. A supermarket POS also contains a debit and credit card reader as well. You can:

Manage faster retail billing at peak hours
Get knowledge of what is present in the store and what isn’t
Track and manage performance and analyze your sales with the help of system generated reports
Integrate with the latest retail technology
Make use of CRM by pulling new shoppers to your store and retaining the existing ones with the help of loyalty programs
Manage multiple stores

Spa Salon Pos System (Beauty Salon Point of Sale)

Whether you are self-employed or work for a dedicated lifestyle organization, the salon POS system is something you should use. A spa salon POS system will provide you a lot of features. Some of them are:

Track your appointments easily
Get Faster Salon Billing
Accept gift cards and coupons from the customer
Upsell on the spot and collect payment
Set up an advance spa or salon appointments
Improvised email marketing
Run loyalty and reward programs efficiently
Store before and after pictures of clients to use in the future
Manage payroll and scheduling

POS Terminal in Banking and Finance Sector

In banking, POS enables the bank to acquire transactions from merchant POS terminals and route these to the appropriate card network. Best POS Software tools can provide a web-based portal to review and monitor transactions as well. You can:

Get instant access to account information
Enables provides services like cash and cheque deposit on the POS terminal, bill payment, refund, etc.
Allows you to have more security and end-to-end protection
Monitor every POS activity remotely

Mobile POS System (mPOS)

IOS and android pos software: With the number of mobile devices increasing every day, a mobile POS comes in handy for both the users and the business owners as it is a platform will do not even require an investment from the business owner. All they just have to do is download a payment app. With the help of mPOS, you can do a variety of things:

You can access the information about your inventory anytime anywhere
You can increase your sales by interacting with the customers with the help of mPOS
Because of its mobility, it is extremely easy to use
You can access customer data
You can have a variety of payment methods which helps the customers to make payments easily

Advantages of Point of Sale POS Software

Improves Sales Number

With a Point of Sale software, you can effortlessly find out your sales numbers and understand what’s selling more and what isn’t selling as expected. Accordingly, you can take steps to market these products.

Creates a smarter inventory

POS tool informs you of the products with most sales, best shelf-life and those which are popular among your customers. You can use this information to stock up on top-performing products and eliminate/reduce the volume of underperforming items. This helps in creating an inventory that pays off in the long run and maximizes the usage of your storage space.

Faster checkout

A well-built and feature enriched retail management software will ensure that the checkout process is simple and quick. All product details are available on the POS system screen by simply scanning the product via barcode reader and payment is received in a hassle-free manner via multiple payment modes. The whole process is fastened by the POS system and customers are happier than ever, as they don’t have to wait in long queues. Manual work is not required to complete the checkout process.

Improves efficiency

Retail owners work on tight margins. There is a lot to manage in stores and in the warehouse. Using manual methods to keep track of records becomes difficult with time. Tedious tasks such as stock management and sales reporting consume so much time that opportunities to grow business are often missed. However, a POS terminal automates these mundane tasks, leaving you with ample time to focus on those areas that will generate extra revenue in the business.

POS printer Quick service

Do you like standing in those long queues in supermarkets? Of course not, no one does. A POS printer software breaks long queues by replacing manually- handled cash registers with an efficient machine-run billing system. Simply put, products are scanned through a barcode scanner and all details appear on the screen. In fact, if there is any discount or scheme going on with that product, it’s automatically picked up by the software and applied to the bill. All a cashier needs to do is press a few buttons, receive the payment and hand over the bill to the customer.

Detailed invoice

Complete details related to the product are already there in the system. Unlike earlier times when invoices were generated manually, only date, product name, number, and price used to be there on the bill. However, now all those details that are there in the system related to a product are printed on the invoice. Complete product information including name, price, discount, item description is clearly mentioned in the receipt.

Free and Open Source Point of Sale (POS) Software

Some pos software providers are offered to free download full version of pos software for small businesses in a trial but there is a limitation of time. check our plan, pricing and upgrade your unpaid system with a discounted price.

POS Software Solution Cost

POS System Software Price In India
Standard	Starting Price	₹2,460.00
Advanced	Starting Price	₹7,060.00
Premium	Starting price	₹41,160.00

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POS Software FAQs

Q1 - Retail Pos Software Price List

Tally Shoper 9 - 18,000.00/-
TBS POS software - 20,000.00/-
MCi Apps POS - 11,250.00/-
eR4u - 3,000.00/-
Marg POS - 7,200.00/Year

Note: Product prices provided by OEMs, as per the Indian market standards.

Q2 - Top 10 Pos Software For Small Business

Q3 - Cloud vs On-Premise: Which retail POS system software model should I get?

That’s a decision only you can make, as it’s dependent on your requirement. An on-premise model is suited to businesses with the capability to house IT servers and infrastructure, and with a dedicated IT team. Cloud model is for those without a dedicated IT team or the requisite infrastructure. Having an on-premise POS can be a bit costly, since it entails infrastructure purchase on top of license purchase & maintenance cost. A cloud model offers the ability to pay for license without the added cost of infrastructure procurement.

Q4 - How difficult is it to integrate a retail POS system software with my existing computers?

Not at all. Best POS software can be integrated with absolute ease, with your existing system. It can also work in tandem with other software, even though you won’t require any other solution if you use a POS.

Q5 - Will I need to dedicate a lot of resources to train my employees in using retail POS software?

When you purchase a POS system for your business, you’ll be trained by professionals who can guide you and your team through the solution. So, no you won’t have to dedicate too much resource into training your staff in using best POS software.

Q6 - My business doesn’t need all the modules offered by the average POS software. Can I only get the ones I need?

Yes, you can purchase a customized POS solution customized with the features you require for your business

Q7 - Am I required to purchase IT infrastructure to use POS App?

No, you don’t have to buy new IT infrastructure to use a POS system. POS can be used with a Windows or Mac powered computer device with absolute ease. You can also integrate and use it with tablets and smartphones and use a POS app.

Q8 - What should be the employee-strength of my business to use best POS software India?

There’s no minimum or maximum number of employees required to use best POS software. Even a kirana store with two employees stand to gain a lot using a POS retail software.

Q9 - Is best retail pos software price available for reselling?

Yes, we provide retail pos software price and quotation for sale / reselling but only on our channel partners.

Q10 - Is Open source point of sale (pos) software for retail shops?

Some top pos software companies provide an open source pos software for trial in a month.

Best Retail POS System & POS Billing Software in 2020

Buyer's Guide for Top POS Software

About POS System

What is POS Software?

Online Pos Software

Modules of Point of Sale System Software

Retail Pos Inventory Management for Retail Shop

Sales Tracking & Reporting with a pos machine

Employee Management

Point of Sales CRM

Best POS System Analysis

Types of POS Software

Restaurant POS Software for Cafe, Bar & Restaurants

Supermarket Billing Software

Spa Salon Pos System (Beauty Salon Point of Sale)

POS Terminal in Banking and Finance Sector

Mobile POS System (mPOS)

Advantages of Point of Sale POS Software

Improves Sales Number

Creates a smarter inventory

Faster checkout

Improves efficiency

POS printer Quick service

Detailed invoice

Free and Open Source Point of Sale (POS) Software

POS Software Solution Cost

POS System Software Price In India

How Technology Drives a Restaurant Management System

RetailGraph POS Software Review: Ensuring Quick & Safe Sale Transactions

Bond POS: A Unique POS Software for SME

10 Best POS Software System for Your Retail Business

Achieving Positive Outcomes with the Best POS Software

POS Software FAQs