What is a POS (Point of Sale) Software?
POS (Point of Sale) Software is generally used by small-scale retailers to assist with the management of their retail operations. A point of sale (POS) device manages transactions for retail consumers. Additionally, POS System facilitates the process of making product entries, figuring out total costs and taxes, receiving payments, and producing bills etc.
A cash register is a part of a POS. Cash registers have virtually been replaced by electronic POS terminals that can handle payments with cash, credit cards, and debit cards.
Order management, inventory management, customer management, shift management, reporting, and payment management are all included in a Point of Sale or POS software’s features and functionalities.
An all-in-one POS system management software is capable of handling POS operations and keeping track of client information.
Why do You need a POS System Software?
One of the best company expansion decisions you can make is to invest in POS software. Make no mistake, point-of-sale (POS) software today can do more than just collecting orders, issuing receipts, and recording transactions, even though you are likely considering the core point-of-sale feature as the only justification for purchasing one.
Modern POS systems, which combine hardware and software, frequently include a barcode scanner, card reader, cash drawer, and receipt printer. The user interface is typically a touchscreen. A tablet and a credit card reader are today’s most fundamental point-of-sale gadgets.
Whether you work in e-commerce, the restaurant industry, or retail, it is in fact the engine that propels your daily operations.
Advantages of POS
- Electronic POS software systems automate transaction processes and keep track of crucial sales information, streamlining retail operations.
- Electronic cash registers and software to manage data gathered from everyday purchases are also components of basic systems.
- Retailers can improve functionality by setting up a network of data-capture devices, such as card readers and barcode scanners.
Moreover,
- Retailers can monitor price accuracy, inventory fluctuations, gross revenue, and sales patterns depending on the programme capabilities.
- Retailers can detect inconsistencies in pricing or cash flow that could result in profit loss or disrupt sales by using integrated technology to track data.
- Retailers can minimize problems with customer service, such out-of-stock sales, by using POS systems that track inventory and purchase patterns. They can also better target their marketing and purchasing to match client behaviours.
In this article, we will talk about 10 best POS software you can consider in 2023 for your small business.
10 best POS Software in 2023
Let’s talk in detail about these best POS system software in 2023.
1. Toast
A software business called Toast is situated in Boston. The customer is promised ease of use by the Toast POS system. It creates point of sale and administration systems for restaurants. The architecture of Toast POS is cloud-based. The company also offers round-the-clock assistance.
POS Features
- Power, dependability, and simplicity of use are some of Toast POS’s key characteristics. You could say it is an all-in-one restaurant management solution.
- Management of employees.
- Reporting in real time
- mechanism for ordering online
Toast plan:
Starting at $79/ terminal
2. LightSpeed
A solution is offered by LightSpeed Retail for restaurants, e-commerce, and retail. It is a Canadian business that offers POS and online shopping software. The business offers Lightspeed Retail support round-the-clock.
POS Features
- You can make a single purchase order for numerous vendors using Lightspeed Retail.
- You can add more versions for a single item, such as colour and size.
- It will assist you in maintaining an inventory log.
- You have the option of “On the spot transactions” thanks to it.
- Even if you operate many locations, Lightspeed Retail will maintain a location-based inventory record for you.
Lightspeed plan:
Starting at $99/month
3. TouchBistro
TouchBistro is an iPad POS for restaurants. It is designed specifically for restaurants.
With 225 people, it is a software company with its main office in Toronto. The business offers support around-the-clock.
POS Features
- Tabletop Order Control
- Table Management and the Floor Plan
- Menu Management for Mobile Payment and Processing
- Management & Scheduling of Employees
- Management of Customer Relationships (CRM)
TouchBistro plan:
Starting with –
Solo: $69 per month when paid yearly. You are going to obtain 1 Licence here.
Dual: $129 per month when paid yearly. You will receive 2 licences here.
Team: $249 per month when paid yearly. You can obtain up to 5 licences here.
Unlimited: $399 per month when paid yearly. You’ll acquire an unlimited number of licences here.
4. Square
It may be used on tablets, smartphones, and Apple and Android devices. It is applicable to all business types, including bakeries. The business offers Square POS support around-the-clock.
POS Features
- Its simplicity is its best quality. It is created in a method that makes it simpler for the workers to comprehend the system.
- Customers can choose between receiving receipts digitally (through email or text message) or printed out.
- It aids in real-time inventory management.
- Any computer can access Square Dashboard. It provides you with all available business-related information, from sales to new clients.
Square plan:
Starting at-
Square POS- free
Square for retail- starts at $60/ month per location
5. QPe – Best POS Software System
QPe is a total solution for managing the company. Using ecommerce websites, selling on social media (Facebook, Instagram), QR Codes, and other tools, businesses may sell their goods from anywhere without having to have any technical expertise. It entails giving clients a seamless purchasing experience whether they choose to purchase items offline, online, or for pickup.
The back office of your retail store, where you may access tools to manage payments, inventory, deliveries, personnel management, etc., is connected to all of this via QPe POS software management system. It enables you to handle everything, from marketing tools for customer acquisition to retention.
Everything may be done with all-in-one POS, including manually placing orders, controlling discounts, and managing store products. You can utilize the QPe POS features on a laptop or any other device, regardless of whether you manage a restaurant, grocery store, retail store, or any other type of business.
Moreover, QPe has also launched Restaurant POS for food businesses. You can instantly generate KOT for restaurants, manual bills, etc. using this pos software.
QPe POS Software Features
- Empower your retail business
- Get more sales
- Businesses receive all the resources they require through QPe POS, including inventory management, order creation, billing, and payment processing.
- The robust ecommerce solution in QPe fills the gap between your offline and online businesses, allowing you to manage, operate, and expand physical stores, ecommerce websites, point of sale systems, and social media platforms all at once.
6. GoDaddy
GoDaddy’s POS can be used for tracking both online and offline sales. It’s a fantastic choice for retail companies who wish to build a website and take payments from customers.
POS Features
- Online and in-person payment acceptance is made simple by GoDaddy.
- With the thorough dashboard, you can keep tabs on your sales.
- Third-party payment processing is not permitted by the business.
GoDaddy plan:
Starting at-
Rupees 500/first year
7. Bindo
You are promised to be more than just a point of sale with this system. More than 300 characteristics are present.
Retail, restaurants, as well as many other business types including candy shops, clothes stores, salons, etc., can use Bindo POS. Bindo was founded by Brad Lauster, Jason Ngan, and JoMing Au. The headquarters of Bindo are in New York.
POS Features
- Numerous capabilities, including simple inventory management, credit card processing, reporting, and barcode scanning, are offered by Bindo POS.
- You have the choice of using the “Online Dashboard” option.
- You may manage your stores from any device with the use of this option, which enables you to view real-time reports.
Bindo plan:
Starting at-
Lite: Free. Here you can save data for 50 customers, 2 employees and 15 products. This is all with 1 register. Email support is provided from 8 AM to 8 PM.
Basic: $79/month which will be billed annually. Or $89/month, if you pay on a monthly basis. With this option, you can have unlimited customers and registered employees. You can save data for 1000 products.
Pro: $149/month which will be billed annually. Or $159/month, if you want to pay on a monthly basis. This option provides the facility of unlimited customers and registered employees and 10,000 products.
8. Vend
Vend is a parent organization of lightspeed. You can use it to sell, manage, report on, and expand your business. The ideal option for multi-outlet retail is this.
For all business kinds, including fashion boutiques, home-goods shops, sports and outdoor retailers, etc., Vend POS offers a solution.
You now have a choice between three options: Lite, Pro, and Enterprise. Small retailers can use Lite, which offers the most fundamental functions. Enterprise is for big multi-store shops, while Pro is for seasoned single- or multi-store retailers.
POS Features
- Vend is accessible on all platforms, including iPad, Mac, and PC.
- By keeping track of financial movements, you can lessen mistakes or theft.
- Even better, it syncs data when you are online and operates offline.
- Using Vend, you may offer discounts, personalise your receipts, and handle returns and refunds.
Vend plan:
Starting at-
Lite: $99/month USD when billed annually or $119 if billed monthly
Pro: $129/month USD when billed annually or $159 if billed monthly
Enterprise: You need to contact them.
9. Lavu
For restaurants of all sizes, Lavu is an iPad-based POS system that offers extensive customization. It’s a great choice in particular for wineries, food trucks, pizza restaurants, and coffee shops. You can choose from a variety of POS hardware and accessories when you sign up for Lavu, including terminals, kitchen display systems, cash drawers, and networking devices.
POS Features
- Lavu has more than 300 POS features.
- The system supports 15 in-house and over 30 third-party integrations to extend its features even further.
- The software isn’t compatible with Android devices.
Lavu plan-
Starting at- Starter- $59/mo | Growth- $129/mo | Optimise- $279/mo
10. LightSpeed POS
LightSpeed POS, formerly known as ShopKeep, by lightspeed is an IPAD Point of Sale system. It provides you the solution for retail, quick serve, Restaurant & Bar and for Franchises. ShopKeep is headquartered in New York. It provides 24/7 support.
POS Features
- You will receive analytics and data in real-time.
- It gives you comprehensive knowledge of the inventory, which leads to comprehensive inventory management.
- With ShopKeep, the number of users is unbounded.
- The number of inventory items is limitless.
- It offers you a clever workforce management solution.
ShopKeep Plan:
Starting at- $69/month
FINAL THOUGHTS
These are the top 10 systems software with POS solutions which are best for small businesses. And now you may know “Which software is best for POS”.
No matter how small your company is, as soon as you start selling goods or services in person, your firm needs a Point of Sale Solutions System.
A Point of Sale system streamlines the checkout process for both you and your customers, cutting down on time spent ringing up sales and lowering the possibility of human error, such as calculation errors.