What are Point of Sale Systems?

A Point of Sale (POS) System is a combination of hardware and software that allows businesses to conduct sales transactions and manage various commerce-related operations. This system sits at the intersection of technology and retail, facilitating not only payments, but also inventory management, sales reporting, employee monitoring, and customer relationship management.

Typical POS system hardware includes a touchscreen terminal, barcode reader, receipt printer, and cash drawer. On the other hand, POS software integrates all these functions into an easy-to-use platform, often cloud-based, allowing access to information in real time from anywhere.