EPOS Systems and Its Benefits by:Alan Wisdom

An Electronic Point Of Sale (EPOS) system is used for the accurate taking and recording

of payment for goods and services in a shop, restaurant, hotel, or any other business that serves customers.

EPOS reads the barcodes on products and makes the appropr iate charge. Every time you sell something, it adjusts your stock and can be used to raise orders to replace actual sold stock. This helps reduce out of stocks and stock holding at the same time.

Electronic Point of Sale (EPOS) systems are becoming increasingly popular with retailers of all sizes. They are user-friendly and easy to learn, and make a real difference to the bottom line. There are two main benefits to EPOS systems - they can be used to increase sales and reduce costs.

Cash management is one of the main components of EPOS systems technology, these systems now employ a wide variety of functions. They are used for inventory management, service management, customer relation management and even payroll modules. In fact, they are sometimes referred to as retail management software because of the absolute integration between business management and technology in the last twenty years. A manager can, at any given time, access the necessary figures from the EPOS system, including total income, net income, the amount that needs to go to the government for taxes, number of items of any particular piece of merchandise that was sold, the number of units that should still remain in storage, and what products need to be reordered.

EPOS systems allow different modes of internal communication networks. For a bigger network, you must invest in powerful wireless terminals that can function without fail. Although EPOS networks are used by all kinds of shops and retail outlets, it became more popular with hospitality industry. You will find an EPOS installed at 90% of the restaurants, hotels, bars, and resorts across the country. This is because EPOS and its functionalities are best suited for the comprehensive business environment prevalent at such places.

Without an EPOS, many retail stores would find it simply impossible to handle the day to day cash management and inventory requirements.

Point of sale or point of service (POS or PoS) can mean a retail shop, a checkout counter in a shop, or the location where a transaction occurs. More specifically, the point of sale often refers to the hardware and software used for checkouts -- the equivalent of an electronic cash register.

About the author

Alan Wisdom from Microtill writes about EPOS Systems at http://www.microtill.com/index.php?cName=epos-software . For more information about EPOS Systems at http://www.microtill.com/index.php?cName=epos-software visit www.microtill.com

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