The world of payments is changing fast, and it’s time for businesses to axe their outdated till systems. But what to replace them with?

EPOS systems present retailers, restaurateurs and business owners with smart solutions to get a wealth of actionable insights into their businesses, run their businesses more efficiently, and to scale up successfully.

You can think of EPOS systems like smart tills.

Not only do they make transactions faster and more seamlessly than old manual or touch-screen tills, helping you process transactions faster and offer better customer service but they collect a plethora of data on every single transaction you process.

All this data is synced to a cloud-based back office analytics suite that you can access on any internet-connected device, helping you to unlock a world of actionable insights that can help you to grow your business.

What’s data got to do with it?

Thanks to the smartphone revolution and the rise of cloud computing, we’re now creating more data than ever before. Every transaction that an EPOS processes generates a wealth of data that you can use analyse and take action on. You’ll get the insights that only big data solutions can bring at the touch of a button.

EPOS systems can tell you what items are selling well, what you’ve got left in stock, when your busiest hours are, which members of staff are selling the most, and much more besides.

Getting the lowdown on precisely what you’re selling, and when and how you’re selling it means that you can work out how to sell more, make more revenue and grow your business.

POS systems allow you to store and access data from all areas of your business in real time.

If you run a restaurant, this means automatic updates from the kitchen staff about menu items and ingredients, as well as a fast ticketing system that means you’ll never miss an order again. If you own a retail store, a POS system will keep track of all your stock and help you process orders.

POS systems aren’t just fancy tills. They possess many other features to help your business run smoothly and keep the cash flowing.

What else can you use a POS system for?

EPOS systems can be used to manage practically every area of your business. This is the same, whether you’re running a tiny city bar or a retail franchise. However, by far the best solution for most modern businesses is proving to be the iPad EPOS system, which is flexible and portable, no matter the needs of your business.

Since computers are getting smaller and more portable by the year, it makes sense to invest in equipment that your business won’t grow out of. Most people are familiar with Apple products, and an iPad POS system is intuitive and easy to use for people of all skill levels.

Choosing a POS solution for your business

iPad POS systems will provide all the insight and ease of use of a traditional POS system, with the ability to scale your business flexibly.

Choosing from the raft of solutions on the POS market can be tricky. However, finding the right technology is essential to supporting your business growth. A POS system can really help you grow, but need to be clear on what you want out of your POS solution in order to make sure that you choose the right one.