Electronic Point of Sale (EPOS), sometimes referred to as Point of Sale (POS), is a combination of hardware and software designed to help you run your business more effectively. Where traditional till systems record sales, EPOS systems not only record this transactional information but can then generate detailed reports in response to the input data.
Unlike traditional cash registers, EPOS systems perform a wide range of functions, including inventory management, sales reporting, staff management, barcoding, customer relationship management, and payment processing.
myEPOS Point of Sale system is easy to set up so you can be up and running within 15 minutes, guided by your dedicated reseller in your area. A dealer near you will set up and train your staff and provide ongoing support and technical maintenance.
When using an EPOS system, there are mass amounts of advantages and opportunities that come with it. To name a few, it can accept multiple payment methods, help improve customer experience, aid in inventory management & stock control, provide detailed and analysed sales reports, allow for accurate cash management, provide digital receipts (very eco-friendly), allows for integration to occur and leaves plenty of space for endless marketing opportunities!
Where EPOS stands for Electronic Point Of Sale, POS stands for only Point Of Sale. The key difference here is that EPOS systems operate purely online, where they can securely store your businesses data in the cloud, allowing for access to it from anywhere at any time. Whereas, POS would just be the basic exchange of goods and services.
Accounting software and EPOS software are separate entities but with an myEPOS system, you can integrate with your chosen accounting software provider like Xero, Quickbooks or Sage seamlessly.
An EPOS system connects to the internet and integrates with payment providers to process cash and credit/debit transactions. It also stores all of your data securely in the cloud so that you can access it anywhere and from any device.