A store application retail POS or more commonly referred to as POS Systems is a program that can help you manage sales transactions in your store. Additionally, with the help of the store app, you can automate many activities that you used to do yourself.
This is what makes many retail business owners start operating store applications in their business. In addition to helping record sales, this software allows you to manage your warehouse inventory, know which items are selling well, to record your customer data quickly and precisely.
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Table Of Content
What Is a POS System?
A Point of Sale (POS) system is a widely utilized application employed by business owners and managers to streamline their transaction processes with customers. Usually installed in terminals or payment machines like cashier systems, the POS system serves as a centralized hub where buyers or customers settle payments with stores or business owners. Overall, the system facilitates seamless financial transactions, enhancing the overall efficiency of sales operations.
What Are POS System’s Features?
The POS software offers a range of essential features that enhance the efficiency and effectiveness of business operations. With these features, businesses can effectively manage transactions, improve inventory control, enhance customer engagement, simplify billing processes, and gain valuable insights through comprehensive reporting.
Versatile payment options
The versatile payment options feature seamlessly handles transactions using different payment methods, including cash, debit cards, credit cards, and e-wallets. This flexibility caters to the varying preferences of customers, ensuring seamless and convenient transactions for all. With this feature, the POS system enables businesses to adapt to evolving customer preferences and enhance the overall shopping experience.
Inventory management
The inventory management feature provides businesses with real-time updates on their product inventory, ensuring efficient tracking and monitoring. It enables businesses to swiftly assess product performance, automate inventory reordering, and maintain accurate stock management. With this feature, businesses can effectively streamline their inventory operations and ensure optimal product availability.
Billing and financial reconciliation
This POS system feature accelerates the generation and distribution of invoices upon receiving payments. It automates the comparison between the funds received and the recorded transactions, streamlining the billing process and guaranteeing precise financial reconciliation. Overall, the billing and financial reconciliation feature reduces manual errors, saves time, and enhances the overall efficiency of the billing and financial reconciliation process.
Reporting features
The POS system simplifies the process of generating a variety of reports, enabling businesses to effortlessly access detailed information such as branch-specific profit and loss statements, top-performing products, and customers’ purchasing trends. These valuable insights empower businesses to make informed decisions and foster growth by leveraging data-driven strategies.
A POS System Designed for Your Industry
The POS system has been meticulously designed to cater to the distinct needs and challenges of your industry. This cutting-edge solution is specifically tailored to address the requirements of businesses operating in various sectors, such as retail stores, restaurants, hotels, and more. With industry-specific features and functionalities, including customized inventory tracking and specialized billing and payment options, the POS system is ready to revolutionize your operations.
10 Best Retail POS Systems in Singapore
Retail POS is very useful for various types of businesses. If you are currently considering which retail POS system is the best for you, then this article is for you. Here are the five best retail POS systems Singapore in 2021:
HashMicro Retail POS
HashMicro Point of Sales System offers a complete solution for various business types. Therefore, the system is suitable for SME and enterprise-level businesses. Moreover, its modular nature enables the company that decided to use HashMicro to choose which modules they want to use. And then, they can adjust the budget they want to spend on the software. The price offered by HashMicro is quite affordable considering that one of their target markets is SME business.
Highlights:
- Unlimited user
- Web-based system
- Modular
- Comprehensive features
- Can be integrated with other software
- One time license fee
Retail POS Square
Furthermore, POS Square offers a range of features that make it an ideal solution for small and medium-sized businesses. The system provides real-time inventory tracking, customer management, and sales reporting. Additionally, it supports multiple payment methods, including credit and debit cards, mobile payments, and even cryptocurrencies. Moreover, POS Square has a user-friendly interface that requires minimal training, which can help businesses save time and money.
Because the price is affordable and has many features, making many SME business people choose their retail POS system on this software. Moka POS is a cloud-based online application that can upgrade the level of your company. You can also use this application to sell online or offline. In addition, they have been a favorite partner for a lot of companies in Singapore over the years.
Highlights:
- Customizable setting
- Direct database for printing
- Comprehensive back-office support
- Inventory management included
- Hardware support and installation
Zeatech Retail POS
Additionally, Zeatech POS offers a user-friendly interface that simplifies the checkout process for customers and provides real-time sales data for businesses. This allows for better decision-making and the ability to identify top-selling products and trends. Moreover, the system can integrate with other business software and payment processors, making it a versatile solution for various industries.
In addition, Zeatech POS also can track every inventory item like when it was bought and sold. Zeatech retail POS also has touchscreen technology designed for fast and quick transactions and allows users to adapt to the system quickly. This POS module is the ideal solution for business that requires cash and payment management effectively.
Highlights:
- User friendly
- Inventory management included
- Stock-take reports
- Tracks your inventory items from the get-go
- Comprehensive features
ShopKeep
ShopKeep is believed to be the best POS system for SMEs (small and medium enterprises). With its simple but powerful interface, you can manage real-time sales inventory, stock management, reporting, and more with ease. With this system, you can use invoices to send your customers a bill for goods or services to be paid at a later date. This system also can make your customers pay by link. In addition, ShopKeep can be integrated with eCommerce so you can get many customers and grow your business more easily.
Highlights:
- Includes bookkeeping
- Employee time tracking
- Customer data management
- Best for small businesses
- Cloud-based system
Lightspeed
Even though Lightspeed has a minimalist interface, it offers a robust cloud-based solution for your retail POS business. The system is suitable for either retail or restaurant businesses. Not only that, but Lightspeed also has features tailored to your business needs. You can sell online with a one-stop e-Commerce platform to grow your business with Lightspeed. In addition, you can also keep costs low and profits high with inventory management tools by Lightspeed.
Highlights:
- Cloud-based system
- Customizable features
- The best choice for multiple outlets business
- Subscription pricing model
- Integrated marketing tools
Revel POS System
Revel Systems is a comprehensive retail Point of Sale (POS) system that offers a wide range of features and functionalities for businesses of all sizes. With Revel Systems, retailers can efficiently manage their inventory, streamline employee management, analyze sales data, and process integrated payments. One of the highlights of Revel Systems is its advanced order management capabilities, allowing businesses to handle complex orders, customizations, and special requests with ease.
Highlight:
- Order management capabilities
- third-party integration
- Customizable dashboard
- Intuitive interface
- Inventory control
Clover POS
Clover POS is a versatile and user-friendly retail Point of Sale (POS) system that caters to the needs of various businesses. With Clover POS, retailers can efficiently manage their inventory, streamline employee management, and provide seamless customer experiences. One of the highlights of Clover POS is its customizable workflows, allowing businesses to tailor the system to their specific requirements and processes.
Highlight:
- Customizable workflows
- Supports offline mode
- Seamless integration
- User-friendly interface
- Contactless payment
iVend Retail
With iVend Retail POS, businesses can efficiently manage their inventory, deliver personalized customer experiences, and gain valuable insights through detailed reporting and analytics. One of the highlights of iVend Retail POS is its omnichannel capabilities, enabling retailers to seamlessly integrate their online and offline sales channels for a consistent and unified shopping experience. The system supports promotions, discounts, and loyalty programs, allowing businesses to engage and retain customers effectively.
Highlight:
- Comprehensive customer insights
- Integrates with various eCommerce platforms
- Real-time analytics
- Customer engagement tools
- Ease of us system
Shopify POS
One of the highlights of Shopify Retail POS is its seamless integration with the Shopify eCommerce platform, allowing businesses to have a unified view of their inventory and sales across all channels. The system offers flexible payment options, customizable receipts, and robust reporting capabilities, providing retailers with valuable insights into their sales performance.
Highlight:
- Customizable receipts
- Inventory Syncing
- Easy setup interface
- Supports multiple store locations
- Integrated with ecommerce platform
Epos Now
Epos Now provides extensive integrations with popular payment processors, accounting software, and eCommerce platforms, enabling seamless operations across multiple business functions. With its robust features, customizable dashboards, and real-time analytics, Epos Now empowers retailers to optimize their operations, enhance customer satisfaction, and drive business growth.
Highlight:
- Multi-store businesses
- Customizable dashboards
- Supports mobile and tablet devices
- User-friendly interface
- Support 24/7 customer service
So, which one is the best for me?
The answer to your question depends on your business requirements. If you need more features, then you have to invest more in the software you want to buy. But if you have a limited budget, then you have to be satisfied with software that has limited features. But you can use limited features well if you are smart enough to suit your needs. We recommend you make a detailed software requirement list. For example, if you want a retail POS system that is integrable with your accounting software or a system that also can manage your inventory at the same time. After that, you can make a feature comparison from each system.
If your retail POS business is getting bigger and you need to integrate the main functional areas of your retail business, you can implement an ERP system to standardize, simplify, and integrate many business processes including finance, human resources, procurement, distribution, and other departments. Need more information? Additionally, We provide free consultations for your software needs. All you need to do is fill out the form below, and our staff will contact you as soon as possible. Schedule a free demo now to implement this system in your business immediately.
