5 Types of POS Systems

POS Systems

Traditional cash registers are still in use at many locations, but the point of sale or POS systems are growing in number.  Rather than ushering customers to the front of the store to wait in line before purchasing goods or services at a physical location, POS systems allow for multiple payment locations. Different types of POS systems have distinct advantages depending on the application.

Getting Mobile

When a business needs to be taken remotely away from the primary company location, such as vendors at a farmers market, dry cleaning mobile routes, and other mobile services, a mobile POS system can be attractive.  Most have the ability to manage customer accounts and some inventory, as well as providing a credit card reader and app for free.

Going Online

Companies with lower-volume business or big-ticket sales such as small cafes, pet groomers, and art galleries are some of the applications that can benefit from an online POS system. If the company has some hardware such as tablets or PCs, it can likely be used with this kind of system, which helps reduce start-up costs.

Choosing Self-Service Kiosks

Those helpful kiosks stationed around physical stores that provide product information and pricing are self-service POS systems.  These kiosks can be particularly good for specific purposes or to offer solutions to problems.  Movie ticket kiosks, the payment box for parking lots, and even submitting job applications can be handled at one of these kiosks.

Taking Tablets

Mobile vendors, salons, and small retail stores can benefit from tablet POS systems.  This system, similar to the online systems, can operate on existing hardware making low start-up costs attractive. There are multitudes of applications for the business, such as credit card processing, bar code readers, more complex inventory, and even tracking employee time.

Connecting Terminals

The traditional terminals located at the front counter of many retail establishments are typically connected to the internet and uses hardware or software-based applications. Internet access can be programmed only to allow access to the POS system, which could discourage employees from surfing the web during work time.  Full-service restaurants, electronic stores, and boutiques typically use terminal POS systems.

Most companies are likely to find a POS system type that fits their needs.  Small and micro-businesses can access this technology for a relatively affordable cost. In addition, the systems can handle a multitude of functions while providing valuable back-end data to the owners.…

A guide to Enterprise Software Development

Enterprise systems help integrate various business functions across an organization. As good as it sounds, developing an enterprise system has hidden pitfalls that can affect your spending. Read our in-depth guide to get the best out of enterprise software development.

What is enterprise software development?

Enterprise software development focuses on a company’s needs rather than individual user’s needs. Since enterprise apps are used within a company, they are developed based on the internal environment and business processes. Organizations of different sizes and industries have different demands. The goal of enterprise applications is to fulfill a company’s specific needs and meet specific business goals.

The majority of modern enterprise systems implement the SaaS model when software is developed using web technologies and is hosted on a cloud. Sofware as a service approach ensures rapid performance and flexibility of a system. However, some organizations still prefer traditional desktop apps as they provide greater security and control.

The three main types of enterprise systems

The first and foremost task of any enterprise software is to store, process, and transfer data. Most systems provide various workflow automation and document management tools designed for a specific industry or company’s activity field. The larger the organization, the more complex system they need. For example, large corporations combine several applications or choose integrated enterprise systems for their supply chain, inventory, accounting, and sales management.

Here are the most common types of enterprise software used in retail, pharmacy, real estate, manufacturing, and other industries.

Customer Relationship Management systems

Customer retention can be challenging. Companies make tremendous efforts to find new clients, but they put even more resources into establishing solid relationships with existing customers. CRM systems centralize and streamline all customer-related operations by gathering, categorizing, and analyzing customer data from various channels. That’s why the CRM market keeps growing year after year and will reach $114,4 billion by 2027.

The benefits of using CRM systems include:

  • Defining consumer trends and insights based on customer behavior
  • Enhancing the quality of brand communication and client service
  • Automating sales funnels
  • Increasing customer retention rates
  • Protecting customer data privacy
  • Engaging customers through loyalty campaigns and other marketing tools

Here are the top requested features for CRM software:

  • Contact management
  • Interaction tracking
  • Scheduling
  • Email marketing
  • Pipeline monitoring
  • Reporting and analytics
  • Integration with other platforms
  • Mobile accessibility
  • Artificial intelligence
  • Workflow automation

Summing up, CRM systems help companies sell faster and provide better customer service. To keep all business processes in one place, many organizations integrate CRM within ERP systems.

Enterprise Resource Planning systems

ERP solutions are used to manage day-to-day business activities, including planning, budgeting, procurement, human resources, risk management, etc. ERP systems tie together different business processes and ensure safe data flow within an organization. This type of software is crucial for managing medium and large-sized businesses. The global ERP market worth will hit $48,22 billion by 2022.

There are numerous benefits of using ERP software:

  • Lower operational costs thanks to optimized business processes
  • Data and infrastructure consistency across departments
  • Risk reduction through data integrity and control
  • Actionable insights based on real-time data analysis
  • Enhanced cross-team and in-team collaboration
  • Workflow efficiency
  • Lower maintenance costs

The most requested features for ERP systems include:

  • Accounting
  • Finance
  • Human resources
  • Planning
  • Marketing
  • CRM
  • Inventory management
  • Order management
  • Invoicing
  • Project management
  • Scheduling
  • Reporting

Although ERP solutions offer great opportunities for business growth, not every company can fully leverage them. To get the most out of ERP software, make sure it’s accessible for employees and aligns with current company processes. The safest option would be to choose software development services that combine ERP development with excellent client support, software maintenance, and integration.

Supply Chain Management systems

According to The BCI report, 69% of companies don’t have total visibility over their supply chain operations. Supply chain management systems increase visibility and control throughout supply chain activities. SCM applications are involved throughout the whole supply chain lifecycle, from production to logistics and warehouse management. They take care of end-to-end supply chain transactions, data and document flow, supplier relationships, and other related processes.

The advantages of using SCM systems include:

  • Lower costs and better financial control
  • Eliminating logistical errors and other risks
  • Maximizing customer value
  • Effective forecasting and decision-making
  • Faster time-to-market
  • Better customer service and communication

Here is the essential functionality of supply chain management software:

  • Inventory planning
  • Warehouse management
  • Logistics
  • Returns management
  • Sourcing and supplier management
  • Order management
  • Inventory management
  • Order management
  • Data analytics
  • Procurement
  • Production lines maintenance

Supply chain management software development is vital for companies looking to keep up with the market competition. The best option is to partner with a company that provides custom software development services. This way, you get a system that seamlessly integrates into your workflow and serves your specific company needs.