What Are Your Options When It Comes to EPOS Solutions?
EPOS system is becoming the new trend nowadays. As time goes by, more and more business owners replace their old cash-register with electronic point-of-sale systems. In case you are planning to be one of the converts, then you should consider your options.
Why You Should Know Your Options?
There are many types of electronic point of sale system available. Their designs vary. You can find systems that can address your basic needs. Of course there are also electronic point-of-sale systems that can provide more sophisticated solutions. There is one thing that you should keep in mind when shopping for one. The more complex the design is, the more expensive it will be. Therefore, settling for point-of-sale systems that contain features that you don’t need is a waste of money. Below are your options when it comes to EPOS solutions types of available.
Option 1: Software-based Solution
If you are a small business owner and only need a point-of-sale system to process payments and calculate change, then it is advisable to choose ePOS systems that provide software-based solutions. This option will not cost you much. You can use your existing PC to run the software. You may also add any additional hardware, such as magnetic card reader, Keylock, operator monitor, cash drawer, customer display, etc. to improve efficiency.
Option 2: Electronic Point-of-sale and Accounts Linking Solution
This solution is capable of linking your electronic point-of-sale system. However, this option can cost you thousands of dollars, because it would require you to provide separate software for the back-office. Additional modules, such as Electronic Funds Transfer, remote access, and label printing are also needed for the EPOS till system. Still, with the flexibility, convenience, and efficiency boost that you will get, investing in this EPOS solution is worth it.
Option 3: Outsourcing to a Third Party
If you don’t have a budget for a new EPOS system then outsourcing electronic point-of-sale processing will be your best option. In this solution, a third party specialist will provide you a secure internet-based link to your point-of-sale system, as well as rent you specialised software needed for the system to operate. They will also manage all the information that your point-of-sale system have stored in their database. They can also send you reports whenever you need them. However, you need to pay monthly fees for their services.
Option 4: Customised Solution
In case you would like to have your electronic point-of-sale system to do the exact things you want it to do, then you should settle for customised solutions. With this option, your EPOS provider will not only provide the hardware and software necessary, but also sends a specialist that will tweak the systems according to your requirements. This option will ensure that your point-of-sale system will satisfy all your needs, but this is also the most expensive solution.
Knowing your options before shopping for electronic point-of-sale systems will enable you to choose the one that suits your needs and budget. With the right type of electronic point-of-sale system, you can greatly increase the efficiency and productivity of your business.