What Is the Best POS Software for Retail?

In the fast-paced world of the retail industry, it’s vitally important that you move with the times. The tastes of your customers can be fickle and what’s popular today could mark you out as a dinosaur tomorrow. 

There are many things a business can do to avoid stagnation. One major thing that you can do to keep your business fresh is to keep up with the latest advances in retail technology. Gone are the days of mechanical cash tills and a metal bell above the door, businesses now have the opportunity to take advantage of powerful retail technology.

Retail focused point of sale (POS) software is one of the many inventions that have transformed the industry. In this blog, we’ll explain what retail POS software is, how it can help you, and the best software system currently available. 

What is retail POS software?

In basic terms, retail POS software is the software that runs electronic point of sales systems in shops. These systems can be specialized tablets, portable payment processors, and smart cash registers. Think of the point of sale like a computer and the software as the operating system. 

There are many different POS companies offering many different systems. While most of these companies produce general systems for both retail and hospitality, there are a few that produce systems that focus on retail businesses such as Epos Now.

Different kinds of shops may have different needs. When you’re in the market for your systems it’s important to find one with retail POS software features that align with your requirements. A software system that works for a clothing store may not be the right choice for a vape shop, golf course,or hair salon.

What can retail POS software do for you?

As a business owner, you should have two main concerns. One, that your staff and customers are happy, and two, that your business is running as smoothly as possible. A retail POS software system catered to your business will handle both of these concerns. 

If we take the Epos Now retail system as an example, we can see the benefits that come with the right hardware and software. These benefits include, but are not limited to: 

• Centralized control - in the modern world of retail, it makes no sense for a business to be run from the back room. With a retail POS software solution, you have the ability to control every aspect of your business from card payments to staff rotas from a central console on your shop floor. 
• Online visibility - no matter what you sell, you cannot afford to not have your business online. Customer habits have changed and many people will not visit a shop without checking out their online presence. By using your POS software to build your online home, you can get your business in front of new customers.
• Real-time business insights - a good retail POS software system should give you a bird’s eye view of your business. With smart real-time insights, you can get a handle on your overheads and your revenue so that you can make informed decisions. 
• Loyalty programs - building strong relationships with your customers ensures success. By incorporating loyalty programs into your systems, you can reward your customers for regularly shopping with you. 

As you can see from this list, the right retail POS system can have a huge effect on your business. From saving time on admin to giving you a better look into the financial health of the business, a POS system is a vital component of your continued success.

With this in mind, you may be asking yourself, “what’s the best system for my retail business?” We think we have the answer for you. 

The best in retail POS systems

The Epos Now Retail POS system is specifically designed to make business owners’ lives easier. It offers a myriad of features and 100s of app integrations that can completely change the way you do business for the better. We’re going to run through a few key features of the cloud based retail POS software. 

It’s vitally important that you know the overall health of your business. If you don’t know what’s going on, you can’t take steps to improve and fix problems. The Epos Now Retail system allows you to compile sales data on customisable dashboards. This data allows you to drill down into the bedrock of your business and truly understand the ins and outs of what’s going on. Used correctly, you’ll be able to track every penny from your customers’ wallets to your coffers. 

Over the last two decades, consumer habits have slowly but surely turned towards Online shopping. This has had huge implications for how businesses make their money. You can use our Epos Now Online service to build yourself a website that will have you sitting at the very top of the Google search results.

If you have customers who visit business over and over again, it only makes sense to reward them. Epos Now offers a wide range of integrations that build loyalty programs for you. Giving customers a reason to visit your shop multiple times makes good business sense. The best part is, these loyalty programs work for both your online and offline customers. 

The central tenant of Epos Now is its ease of use. One of the core ways it achieves this goal is by collating everything you need to trade in one central place. Epos Now retail software is a complete system meaning that you can run your entire business from one device. This simplicity allows you to spend more time focusing on your business. 

Learn more about Epos Now

 As with all business decisions, we would advise you to shop around for the system that would suit you best but we’re pretty sure we have the competition beat. 

If you’d like to try the retail POS software with inventory and staff management, online ordering, a variety of payment methods, and accounting software integrations, get in touch below.

And don’t miss our tip: Check out our guide on the best POS systems for consignment stores for a detailed comparison! Happy selling!