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POS, or the point of sale, refers to the location where a transaction of a business is processed. A POS uses both hardware and software to manage the sales of the business. On the other hand, an electronic point of sale, or EPOS, refers to the equipment that processes all check-out tasks like bank and credit card transactions. An EPOS system secures different types of transactions, printed sales reports, and other data provided by the company’s workers. EPOS touch screen refers to the visual display of the system that helps employees detect and navigate a given display on a touch screen. EPOS system technology is used in different businesses specifically in hotels, retail stores, restaurants, bars, cafes, clubs, and libraries. EPOS can help these establishments perform with much more efficiency, accuracy, and productivity. Productivity and Time Management EPOS touch screen technology can automatically keep a record of financial flows by automating many manual processes. By using EPOS system technology, business people can easily make decisions by avoiding delays in creating sales reports, financial analysis and trends. An EPOS system can help in critical decisions such as in what kind of goods and products to drop from your store and when to order additional supplies. This makes the job of managers and staff more efficient and effective, enabling them to do more tasks with minimal error. Simplified System Operation EPOS technology is easy to use. Most EPOS touch screens have fully customizable interfaces which make the system more simplified and specific. This makes the system easier for employees to navigate and operate compared to old POS systems that commonly have complicated screens and key bars. Accuracy Stores with consumable products utilize keys and barcodes to put in information into cash registers which provides faster and accurate transactions. This kind of technology prevents human errors and losses, ensuring the security of products. Management of Stocks Businesses with large storage houses such as retail stores can easily check on the availability of each product because the system updates data, ledgers, and other built in devices in an orderly and timely manner. EPOS touch screen technology provides real-time accounting that consequently grants more accurate projections in sales and inventory which can help maximize the profit of the company. The type of EPOS system technology used by a business will have to depend on its type of operations. The size of the store determines the size of the system needed. For small vendors or merchants like coffee shops and bars, a cash register with a database and software will do. Although they do not offer the same level of systemization and automation larger EPOS do, they can still be very efficient with time and errors. For larger businesses like retail stores and restaurants that have different outlets, a system incorporated with additional applications and terminals is required to make sure there is a continuous flow of data. Advanced EPOS touch screen technology has the capability to connect store chains through centralized servers. It makes chains of stores remote, thus, managers can check on transactions and data from their outlets anytime. David Duncan is the sales director at EPOS Now. Based in the UK, this market-leading company can provide you with a great-value EPOS system in addition to complete EPOS solutions for the retail and hospitality sectors.
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