4 Best Point of Sale Systems for Small Business


 

Regardless of size or industry, a business must run smoothly to maximize profit. While a service business can streamline its operations and get hands-on customer feedback, a company dealing with inventory needs a few key components to run its operations. One of these components is a point-of-sale system (POS), which mainly manages the inflow and outflow of inventory and processes transactions.


    Managing the inflow and outflow of the inventory and processing transactions are not the only things a Point of Sale system does. It can also streamline day-to-day workflow by combining tools such as employee scheduling, customer loyalty programs, and inventory tracking into one platform. This benefits all kinds of inventory-related businesses since each task, if performed separately, can consume time and funds, both being precious resources for businesses.


    Although a point-of-sale system is essential for both big and small businesses equally, businesses should understand that a point-of-sale system of a big mega store cannot cater to the needs of a small confectionery shop and vice versa. With that said, businesses need to differentiate between the best POS systems for small businesses and big enterprises, or the business could potentially suffer huge financial losses.


Best POS System for Small Business


    For small businesses, deciding on a suitable POS system is a make-or-break deal. If chosen wisely, they can assist massively in uplifting the business and can be a significant cause of downfall if not chosen correctly. That being stated, there are 4 best POS systems for small businesses:


1.    Shopify POS
2.    Lightspeed POS
3.    Toast POS
4.    Clover POS


Shopify POS – Best for E-Commerce


    Shopify, considered an e-commerce giant globally, also sells its POS system to retailers. Its Point of Sale system, “POS Go,” is perfect for both the market and employees and is extremely easy to use. It allows you to run 1,000 physical stores simultaneously and can help you understand where the products are by location and availability when making a sale.


Lightspeed POS – Best for Retailers


    Lightspeed POS is perfect for retail businesses since it syncs all inventory across platforms and retail sites. It can also be used to track new orders and sales trends, which is of great benefit to retailers. Its outstanding feature is its capability to reveal trends that can help improve sales through customer insights and employee performance, which makes it the most efficient system.


Toast POS – Best for Restaurants


    Toast, as the name suggests, is a POS system specifically designed for the food industry. It has features like menu management, tableside ordering, and kitchen display systems, which make it ideal for small restaurants and cafés. You can also run online ordering and delivery through Toast, significantly reducing fees for third-party delivery apps and services.


Clover POS – A Solution-Tailored POS


    Clover, owned by Fiserv, is a solution-tailored POS system. It helps in inventory tracking, customer management, and payment processing according to the solution. It is a versatile solution for small businesses.


    Ultimately, it is on the business to decide which Point of Sale system suits it best according to its industry. Although there are many more POS systems for small businesses, the range of features and functionality the mentioned systems provide makes them the best POS systems for small businesses. They are also cost-friendly and can significantly help uplift low-level startups.

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