A desktop computer and a payment terminal are common sights in retail stores. From a general perspective, this ecosystem may seem like its only purpose is to bill customers. But a closer look will reveal that the software and hardware combination does more. It helps manage inventory, customers, sales, accounts, discounts, and more. The retail management solution has a name, which is a POS system.
A POS system is a critical component in running a retail store. The software is a central hub through which you can efficiently manage various areas of your operations. All it takes is a few clicks of a button. The application is of great use, especially when you’re kickstarting a new retail business.
Even with meticulous research, narrowing down the best retail POS SaaS software for your new business can be overwhelming. We understand that. So we have put together the best 5 POS applications for having a successful retail business launch. Let’s get started.
What makes a great POS system?
Retail SaaS software solutions satisfying a specific list of criteria classify as valuable POS systems. It makes them reliable, a worthy investment, and will lead to higher profit turnovers in the store. The criteria list is as follows:
- Cost – The software must have transparent pricing.
- Features – The retail SaaS application must contain essential modules for simplifying the retail management process, such as inventory management and reports generation.
- Usability – The easier it is to navigate the POS billing software, the more efficient your workflow will be.
- Integrations – Excellent POS solutions seamlessly integrate with eCommerce websites and third-party applications.
The best 5 retail SaaS software to launch your business
Coming in the first place, SmartPOS is a highly acclaimed POS software system equipping cutting-edge features and world-class integration capabilities. The application is versatile in enabling all types of retail stores to track and manage inventory, sales, promotions, and more. SmartPOS also harbors unique features like offline billing. It allows retailers to process transactions even during network outages. Other noteworthy modules in the retail management system include:
- Notifications and alerts
- Supplier management
- Software customization
- Reports generation
- Comprehensive dashboard
- Contactless payment
- Employee management
- Billing management
- eCommerce integrations
2. Square POS
Ease of use is a quality for which Square POS is well known. The system offers a comprehensive package of features that are especially useful for retailers focusing on selling online. Square POS allows business owners and managers to market services via powerful email and marketing features. They are additional add-ons that are reasonably affordable. Other mention-worthy features include:
- Employee management suite
- Customer chat
- Customizable invoicing
- Purchase order creation
A simple installation process and extensive customization are core advantages the clover POS system boasts. Getting it up and running takes just a few minutes. Clover POS allows retailers to create user permissions, controlling which employee has access to what parts of the software. Furthermore, it harbors standard features for efficient inventory management and customer loyalty management. Other vital features include:
- Item exchange module
- Customer management
- Integration with eCommerce platforms
Vend is a well-built, cloud-based POS solution that works on any device that supports a browser and an internet connection. The application is in use in many countries across continents. An attribute most sought after in retail management solutions is user-friendliness. And the Vend POS offers that with its excellent, minimalistic user interface. Some of Vend’s critical features include:
- iPad App
- eCommerce integration
- Customer management
- Loyalty card generation
Retailers on a tight budget find Hike an apt retail management solution for their daily operational needs. Perks of using this application also include ease of use and extensive customizability. Besides running on desktops, Hike also runs on Apple and Android devices. Features that stand out in this application include:
- Reports generation
- Multistore management
- Email marketing
- Loyalty rewards
Choosing any of these five retail SaaS software ensures a great start for your retail business venture. From setting up operations to making sure retail activities go smoothly, these software solutions get the job done. If you’re looking for the best of all of them, then SmartPOS is the best choice. Reach out to us to book a live demo of SmartPOS. Take your retail prospects to the next level today.