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Why do I need a Point of Sale System?

The term point of sale (POS) system refers to the software and hardware that a business uses to process purchases. Point of sale is the place where a checkout occurs. A POS terminal manages the selling process with an interface for the salesperson. After the sale is completed the POS system will print a receipt to conclude the transaction. POS systems are computerized systems for making and recording sales, and they are generally used in places such as retail shops, grocery stores, hotels, restaurants, casinos, and stadiums. If your business is looking to process your sales in a more efficient way, a POS system may be the answer to your needs.

In the past, machines in retail stores and restaurant were simply cash registers. Cash registers were essentially a “cash safe” used to keep paper transactions safe. With the advent of credit and computerization, POS systems have slowly made their way on to the scene as the best way to record and manage sales.