What is an EPOS system and how does it work?

 

Now that payment methods have become more advanced, businesses need to do away with old cash registers, but what is the alternative? EPOS systems present retailers, restaurateurs and business owners with smart solutions to keep up with the technology in the hands of their customers.

 

You can think of hospitality EPOS systems uk as like smart tills. Not only do they make transactions faster and more seamless, but they also collect data on every single sale and payment, and sync it to a cloud-based office suite. With a cloud-based EPOS, you know exactly what’s happening in your business, wherever you are in the world.

 

EPOS hardware and software

system_small_jpegEPOS hardware typically consists of a screen (either on an iPad or a computer), a cash drawer, and a card reader. Depending on the nature of your business, you may even use a smart barcode scanner or a receipt printer, which are essential for the hospitality industry. You may also choose to use wireless hardware if your business operates on the move or you give your employees hand-held devices.

 




 

 

EPOS software is the programme you use to run your store, café, or restaurant. If you have an existing iPad you want to use, you can download EPOS software especially for coffee shops and use with your current hardware, or you can purchase an entirely new system. The key is to use a vendor that allows your EPOS to operate offline. That way, if your Wi-Fi cuts out, you won’t lose your transaction data.

 

What’s data got to do with it?

8009 - Statistical Analysis-1Thanks to the smartphone revolution and the rise of cloud computing, we’re now creating more data than ever before. This is good news for small businesses, as data analytics have become both cheap and accessible. As a result, café, restaurant, and shop owners can now gain insight into almost every aspect of their business. This helps business owners improve their margins and tailor the purchasing experience to the customer.

 

 

 

In short big data helps companies target their products and advertising. Ultimately, it makes them more money.

 

 

 

However, those same businesses need a system to collect, store, and translate that data so they can turn it into action. They also want to be able to sync the information they collect, with their existing accounting or scheduling software to lighten the load of back office paperwork. This is where EPOS systems come in.

 

 

 

EPOS systems allow you to store and access data from all areas of your business in real time. If you run a restaurant, this means automatic updates from the kitchen staff about menu items and ingredients, as well as a fast ticketing system that means you’ll never miss an order again. If you own a retail store, an EPOS system will keep track of all your stock and help you process orders.

 

 

 

EPOS systems aren’t just fancy tills. They possess many other features to help your business run smoothly and keep the cash flowing.

 

What else can you use an EPOS system for?

1-6

 

 

 

EPOS systems can be used to manage practically every area of your business. This is the same, whether you’re running a tiny city bar or a retail franchise. However, by far the best solution for most modern businesses is proving to be the iPad POS system, which is flexible and portable, no matter the needs of your business.

 

 

 

Since computers are getting smaller and more portable by the year, it makes sense to invest in equipment that your business won’t grow out of. Most people are familiar with Apple products, and an iPad POS system is intuitive and easy to use for people of all skill levels.

 

 

 

Comments

Post a Comment

Popular posts from this blog

Self-service kiosk

  Payments, Technology The QSR sector has been the quickest to adopt technology such as self-service kiosks, and are so far reaping the benefits Mobile order and payments may be becoming more prevalent in the casual dining sector, but those in the QSR space, such as the fast food giants, have been turning to self-service kiosks and drive-thrus to improve and heighten the customer experience. McDonald’s, in particular, has led the way in self-service kiosks but has since been joined by other groups, including Leon.     Leon began working with Vita Mojo in January 2020 trialling kiosks in its restaurants and they are now the primary in-store sales channel for a number of its sites, which now process 85-95% of all orders digitally. Not only have customers taken to using them, as has been found when using mobile payments, they tend to spend more when using them, with Leon reporting an increase of 10-15% in average transaction value compared to traditional POS transactions...
Read more

POS Restaurant Management System Market Growth Opportunities,

  POS Restaurant Management System market report 20 20 abridges some imperative the different parts of the small business. EPOSSystem for Restaurant Management industry current conditions, promote requests and critical small business methods which can be chosen from the players along with POS Restaurant Management System development state of affairs. The company strategies chosen by players have been examined from the POS Restaurant Management System report predicated on leading players, product type, application and worldwide places.   As compared to this current market scenario, the world wide POS Restaurant Management System industry report reveals various facts associated with driving factors, trends, opportunities, restrictions, along with significant POS Restaurant Management System challenges encountered by industry players. The world wide POS Restaurant Management System market account has considered all of the major in addition to minor aspects about the maturati...
Read more

ApplePay and GooglePay in Restaurants

Image
  SelectedEpos.com, meanwhile, partners with more than 100 strategic technology providers and Crave and Wi5 also say their platforms are designed for easy frictionless integration with multiple third parties, the latter naming businesses including SelectedEpos.com . Designed for speed and simplicity, customers can pay instantly and securely with Visa, Mastercard,  ApplePay and GooglePay. Integration, and having systems that can talk to each other and share data, is at the heart of what technology company Intel is working on. Only by having different technology communicate with each other through the internet of things (IOT) can restaurants really harness the advances that technology can offer. “In the past, if we deployed something in a restaurant everything would have its own silicon, such as POS and digital signage,” says Intel’s Mohideen. “There were also siloed environments and somebody would have to go and build a whole data lake to gather all that information. Now there...
Read more