Without a method to manage sales or accept payments, your business will be in a disarray. You need the right set of tools for efficiently running a business. A POS system is pivotal for retailers to run their business smoothly.

What is a Point of Sale (POS) system?

A POS system lets businesses accepts payments and manage their sales. While it sounds simple, there are many factors that will need to fall in place for a store to be run efficiently, and a POS system is one among them. In this article, we will check out 10 of the best POS systems for 2022.

Let us look at the top 10 point-of-sale (POS) systems for 2022:

• Square:

It is an affordable POS system that lets you get started with ease. Square enables you to build a free website or online store for your business, a rarity for POS systems. It is popular because it works for several businesses of different niches. Simply plug the Square Reader into your phone to start selling. It supports swipe and contactless payments.

Features:

1. 1. • All sales are tracked in a single system on Square
      • You don’t have to integrate a third-party solution to accept payments as it is a credit-card processor
      • The only cost you will incur is the transaction rate, no matter how many sales you make
      • They offer volume discounts for large businesses
      • Offers real-time analytics and reporting

• Lightspeed:

If in-person sales form the bulk, then Lightspeed is one of the best POS tools out there as it is great for inventory management. Its POS solution is primarily for hotels, restaurants, retailers, etc. With Lightspeed’s inventory system, you can save time with centralized catalogs. They are already integrated with your POS software. It allows you to sell bundles and manage product variations with ease.

Features:

1. 1. • Great for retailers where special requests are made, such as custom items, work orders, layaway, purchase orders, etc.
      • Set up customer profiles for purchase history and lifetime value
      • Segment your customers into different categories
      • Track unit costs of each item
      • Get alerts for items that are low in stock

Vend:

It is an easy-to-use POS system that is compatible with multiple systems. Vend’s advanced inventory management and analytics make it a strong contender for the best POS system. There are no limits on how many products can be added to Vend’s POS system. Its simple interface even works offline, although with limited functions.

Features:

1. 1. • Customizable receipts for print or email
      • Reports are easy to personalize for every brand
      • Complete cash management
      • Unlimited products and employees
      • Integrates with all credit card processing companies
      • Works with retail programs such as WooCommerce, Mailchimp, Shopify, BigCommerce, Xero, & QuickBooks Online
        24*& online or live chat support

• Shopify:

It is one of the most popular names in the eCommerce field that offers online shopping services. Shopify provides a variety of plug-and-play hardware; therefore, it is easy to customize your setup. You can choose complete retail kits, chip card readers, iPad stands, and so on. For those who are knew with Shopify, it has a vast knowledge base that makes it easy to get started.

Features:

1. 1. • You can integrate Quick Response (QR) codes
      • Integrates with all major credit card processors
      • Custom discounts and discount codes can be made available
      • In-store analytics helps with increasing sales
      • Omnichannel selling features increase the convenience for customers
      • Smart inventory management ensures that you don’t overstock or understock items
        Shopify offers 24*7 support

• Toast:

It is a cloud-based POS system specifically built for the restaurant industry. Toast consistently ranks at the top on every list of the best POS for restaurants. Small restaurants can quickly get started as it has no upfront costs. They offer a free Starter POS kit and pay-as-you-go for hardware. It has integrated online ordering, delivery management, inventory, marketing, and customer management tools. It is a highly economical POS system that lets many businesses get underway.

Features:

1. 1. • Their hardware can operate at higher and lower temperatures than other hardware systems such as iPads
      • Toast offers comprehensive and customizable reports for everything
      • Includes workforce management tools
      • You can add online ordering, loyalty, email marketing, and gift cards for an additional fee.
      • Toast’s POS allows for table, course, and seat management.

• ERPLY POS:

If you own a franchise business, ERPLY should be your go-to platform. It’s accessible on all devices through a browser, and also on Android and iPhone. Their software will work with any hardware device, therefore, it is a much-loved choice for retailers of all sizes. ERPLY allows you to centralize your inventory across all the stores, and gives employee access based on different tier-levels.

Features:

1. 1. • Has franchise-specific features such as full-scale inventory management, barcode scanners, and sales tracking
      • It has a versatile interface and also offers a free trial for those who want to test out the system
      • It is available both online and offline
      • Helps keep your registers balanced by tracking money
      • Provides an all-encompassing multichannel service
      • POS users can scan back to the last 100 sales for each register
      • Hassle-free inventory search and flexible product lookup

• Revel:

A hybrid POS, Revel uses cloud and your local network to store information. Even if you lose the connection in between, it will still process transactions. Revel’s POS system is great for bars, restaurants, and quick-service restaurants. Its centralized management system is great for small businesses that have multiple location as it standardizes across each site.

Features:

1. 1. • You can choose a wide range of hardware options: printers, payment devices, networking, cash drawer and till, iPad stands, self-service kiosks, and barcode scanners.
      • Revel offers tools for customer insights, connecting with marketing campaigns, segmenting customers, managing appointments, etc.
      • Comes with customer loyalty features
      • You can control the amount of offline transactions to reduce your risk
      • Has the highest level of PCI-compliant cloud technology, P2PE payments, and user access controls

Although price and a 3-year lock-in period can be a deterrent, it has a variety of features that justifies them.

• Touch Bistro:

It supplies cloud-based analytics to restaurauters to increase their sales. Touch Bistro has an easy-to-use interface with an iPad POS system. Retailers can streamline and simplify their operations by providing engaging solutions on your easy-to-use platform. You can also accept payments of all types. It also has a loyalty program that provides a personalized experience and incentives for customers.

Features:

1. 1. • Remote menu management that allows you to add and modify menus
      • Cloud portal gives you access to data and reports
      • Intuitive touch controls for table management
      • It integrates with popular programs such as QuickBooks, 7Shifts, and Sage
      • Easily accept bookings and manage capacity
      • Automate custom marketing campaigns and promotions

• IT Retail:

It is considered as one of the best POS systems for high-volume independent grocers. IT Retail has alluring features such as bottle deposit management, automated rewards, self-checkout points, selling goods by weight, and so on. The POS has a strong hardware for grocery environments. It includes ecommerce integrations that helps with online ordering and lets you connect with delivery personnel.

Features:

1. 1. • Works with multiple payment processing platforms
      • It has grocery and market-specific tools such as EBT and eWIC payments
      • It includes a contactless and mobile self-checkout system
      • Create a customer loyalty program by tracking rewards at checkout and by prompting cashiers to ask customers if they would like to redeem rewards
      • IT Retail has in-built tools for scanning IDs if there are age-restricted purchases

• KORONA:

It is a cloud-based POS system that is great for retailers. KORONA is an affordable system that operates on multiple desktop and mobile devices. You need a WooCommerce account apart from your subscription to KORONA. It has a 30-day trial period which is a good offer as it helps retailers get familiarized with it.

Features:

1. • It integrates with all major payment processors.
   • KORONA offers specific integrations for liquor stores, dispensaries, and wineries
   • It includes guided installation and training for every POS account
   • There is zero installation fees as you can install them by yourself
   • Any compatible hardware can be used to run KORONA

Wrapping up:

The best POS system for your business will be completely different for another. It is a highly subjective thing as requirements and goals vary for each business. We have listed some of the most popular and feature-rich POS systems for different niches. Choose the one that is most relevant according to your business requirements.

If you are looking to integrate loyalty program into your POS systems, get in touch with the good folks at 99minds. Let us tell you how your business will get benefited by it.