Electronic Point of Sale (EPOS), as name suggests, is electronic or computer system that is used to perform all business tasks and operations. It helps all small business to manage and handle their business effectively. It simply handles process like accounting, inventory management, sales performance, process orders, etc.
It also records data, then creates reports on every sale and product that recorded data. In simple words, it’s an electronic way of allowing people to do payments online for good and services. It increases speed of processing of business.
One can keep record and handle all business performance from one place that to with high security. EPOS system is one of smartest and mostly used software system that is user-friendly also. It generally provides smart solution to restaurant owners, retailers, business to reconcile account i.e. check and handle account related problems.
It not only increases and make transactions faster, but it also records data on each and every single transaction, sale, and payment. After recording data, it syncs it to cloud-based office suite. Cloud-based office suite is a productivity suite that allows people to work from worldwide at any time and one can know what is exactly going in their business.
Popular EPOS Software System :
- MicroBiz –
It is mainly used for inventory and retail management. It is cloud-based mobile POS.
- Ebizmarts –
It is mainly used for email marketing, selling magneto products in retail stores. It does not let anyone checkout orders without any internet. One of main disadvantage of Ebizmarts is that it can only run on iOS devices. It does not run on any other device.
- Magestore –
In this, payment can be done offline also i.e. one can check out orders without any need of internet.
Applications of EPOS :
- It is widely used software system because of its flexibility.
- It also keeps data and record safe and secure.
- Any problem that arises can be solved immediately without any delay as this system notifies whenever there is any problem or stock is not available, etc.
- Users can pay any payment from anywhere using internet.
- It also notifies whenever there is shortage of stock or goods that are on high demand.
- Recorded information can be used whenever required.
- One also order online, sale products online, etc.
Other Application :
There are various fields can EPOS can be useful as given below as follows.
- Online ordering
- Recording sales
- Recording track of sales and taxes
- Account Management
- Exact payment information
- Customer Record Management
- Record best customer details
Attention reader! Don’t stop learning now. Get hold of all the important CS Theory concepts for SDE interviews with the CS Theory Course at a student-friendly price and become industry ready.