Point of sale, or point of purchase, technology isn’t exactly new. POS software and hardware has existed since the 70s, but, current POS technology does so much more than their older counterparts. A POS system can also track inventory, orders, profits margins, the amount of money in the drawer, as well as handle transactions. If anything, a computerized POS system can prevent theft, as the switch reduces theft by 2.5 percent, or $12,500, for the average small business.
“Technology has become an integral part of retailing,” said CEO Scott Kreisberg in the San Francisco Gate. “Every store needs some level of it for processing sales, inventory tracking and customer management in order to stay competitive.”
Comcash POS: Comcash POS includes POS, inventory management, CRM, and eCommerce functionality. This software can integrate with touchscreen systems, making it a great fit for grocery, convenience, and liquor stores. The software can either be installed on servers in the store or hosted by Comcash and accessed via the Internet. It also integrates with Quickbooks to help retailers as they transition their inventories.
GoldTech Retail Manager: Retail Manager includes POS, inventory management, CRM, merchandise planning, and warehouse management functionality. Retailers can input their inventory by size and color using the SKU-database, making it a great choice for apparel retailers. The system can be installed on-premise or accessed via the Internet, and can be paid for either in installments or up-front.
Microsoft Dynamics RMS: Dynamics RMS from Microsoft includes POS, inventory management, CRM, merchandise planning, and eCommerce functionality. The software can be used by many retailers, including book stores, electronics stores, gun
shops, and industrial supply depots. This is a great system for SMBs because it offers an individual store version and a main office version for larger retailers. The system must be installed on-location.
POS Prophet Systems: POS Prophet Systems includes POS, inventory management, CRM, retail accounting, and eCommerce functionality. Its affordable and works well with small start ups and medium-sized businesses, from a wide variety of specialties such as hardware stores, gift shops, and food service establishments. The system can be integrated with QuickBooks or Peachtree, must be installed on-location on Windows servers and operating systems, and can be paid for either with monthly installments or up-front.
Retail STAR: CAM Commerce’s Retail STAR includes POS, inventory management, CRM, merchandise planning, retail accounting, warehouse management, and eCommerce functionality. Sales and inventory processing is easy to do with the touchscreen and single-key inputs, making it a good choice for pawn shops, furniture stores, and auto parts dealers. CAM Commerce offers data conversion and business consulting, as well as up-front pricing and subscription program options. The system must be installed on-site using Windows servers and operating systems.
To make things a little bit easier, Software Advice has a side-by-side feature comparison to make it easier for small businesses to choose amongst the options. Software Advice also surveyed a wide range of small retailers to find which providers were found in which types of retailers.