5 Must Have features of a Modern EPOS System

Luke Peach
February 19, 2024

In today's fast-paced business environment, having the right electronic point of sale (EPOS) system can make all the difference in the success of your retail and hospitality operation. Modern EPOS systems go far beyond merely processing transactions; they offer a range of features designed to streamline operations, enhance customer experience, and drive profitability. If you're in the market for a new EPOS system or considering an upgrade, here are five must-have features to look for:

1: Cloud-Based Functionality: Gone are the days of being tethered to a physical terminal. Cloud-based EPOS systems offer the flexibility to access your sales data and manage your business from anywhere with an internet connection. Whether you're on the sales floor, at home, or on the go, you can monitor sales, track inventory, and generate reports in real-time. This flexibility not only improves efficiency but also enables you to make informed decisions on the fly.

2: Inventory Management: Keeping track of inventory levels is crucial for any retail business. A modern EPOS system should offer robust inventory management features, including real-time tracking, automated reordering, and the ability to set low-stock alerts. By always having a clear view of your inventory levels, you can prevent stockouts, reduce overstocking, and optimize your ordering process to ensure you always have the right products on hand. MYPOS Connect offers their own Inventory App, this app can be used in various ways from simple cycle counting to ad-hock stock checking, all the data uploads via the cloud to MYPOS Connect Reporting Portal.

3: Integrated Card Payments: MYPOS Connect offers seamless integration with card payments, further enhancing its functionality. With integrated card payments, MYPOS Connect streamlines the checkout process, allowing customers to pay securely and conveniently using their preferred payment method. Whether it's credit cards, debit cards, or contactless payments, MYPOS Connect ensures smooth and reliable transactions, reducing waiting times and enhancing the overall customer experience. Moreover, integrated card payments provide added security and peace of mind for both businesses and customers. By incorporating card payments directly into the POS system, MYPOS Connect simplifies reconciliation and reporting, giving businesses a clear overview of their financial transactions in real-time. This seamless integration not only improves efficiency but also helps businesses stay competitive in today's digital marketplace. MYPOS Connect ingrates with WorldPay, Dojo, and Adyen – these integrations offer integrated payments for every size of business. From small shops to multinational corporations. To view more about MYPOS Connects payment integrations, please click here.

4: Reporting Suite: MYPOS Connect boasts a powerful reporting suite function through its dedicated MYPOS Connect Portal. This feature empowers businesses with valuable insights and analytics to make informed decisions and drive growth. The MYPOS Connect Portal offers customizable reporting options, allowing users to access key metrics such as sales performance, inventory turnover, and customer trends in real-time. Moreover, the reporting suite function enables users to generate detailed reports on demand, facilitating better understanding of business operations and financial health. Whether it's daily sales summaries, inventory stock levels, or employee performance metrics, MYPOS Connect Portal provides businesses with the data they need to optimize their operations and drive success. With MYPOS Connects robust reporting capabilities integrated seamlessly into the EPOS system, businesses can gain actionable insights to stay ahead in today's competitive market landscape.

5: User-Friendly Interface: A modern point of sale system should feature an intuitive and user-friendly interface that is easy for staff to learn and navigate. With a clean layout, logical menu structures, and touchscreen capabilities, users can process transactions quickly and efficiently, reducing wait times for customers and minimizing errors. Additionally, customizable interface options allow businesses to tailor the EPOS system to their specific needs and workflows, ensuring a seamless and efficient checkout experience.

In conclusion, a modern EPOS system is much more than just a tool for processing transactions; it's a critical component of your retail operation that can significantly impact your bottom line. By investing in a EPOS system with cloud-based functionality, robust inventory management, integrated payments, reporting suite, and a user-friendly interface, you can streamline operations, enhance customer experience, and position your business for long-term success.