WhatdoesEPoSstandfor
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EPoS [/ˈiːpɒz/]

Acronym: Electronic Point of Sale.
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Traditionally, EPoS stood for Electronic Point of Sale but in more recent years it’s come to mean Electronic Point of Service. This is because it’s more than a simple electronic till where your customers come to purchase items.

At its most basic level an EPoS system is a computer that will manage and record every transaction that happens in your business. With a modern system this means you can track customer purchases and offer a tailored loyalty service; the system can also handle stock management, purchasing and many more critical tasks.

Almost every successful retail or hospitality business will use an EPoS system. Also no two systems are alike as every company and industry operates differently. For this reason an EPoS system uses customised hardware and software that are tailored to the requirement of the individual business or industry it serves.

But how will EPoS help my business?

Here are some of the big advantages that an EPoS system will bring to your business:

More Profit

  • Identify which product lines don’t sell or occupy a large amount of shop space/staff time for little profit.
  • Increase customer spend by tracking who your regular customers are and how you can further meet their buying needs.
  • Record an inventory of stock that tells you when to restock and reduces excess spending by calculating what to order.
  • Remove and reduce paperwork.
  • Automate daily tasks such as checking stock which will reduce the man hours and increase efficiency and accuracy.
  • Stock control, production and purchasing can be integrated with accounts making a more seamless operation throughout the business.
  • Introduce special offers and change prices with a click.

Save Time

  • Remove and reduce paperwork.
  • Automate daily tasks such as checking stock which will reduce the man hours and increase efficiency and accuracy.
  • Stock control, production and purchasing can be integrated with accounts making a more seamless operation throughout the business.
  • Introduce special offers and change prices with a click.

Improve Security & Minimise Risk

  • Keep cash secure and accurate – EPoS is infinitely more difficult to cheat than a traditional cash register system.
  • Minimise human error so you can stop counting the cost of your staff’s mistakes.
  • Operate staff bonus schemes with fairness and transparency.

There are many more benefits to list. If you’d like to learn more about EPoS and its benefits then we’ve written a number of articles below to get you started. Call our friendly sales and support team on 01924 260020 for a free online demonstration or to discuss how EPoS can help your business grow.