Point of sale systems help businesses conduct transactions with their customers, primarily for purchases and payments. More sophisticated POS systems can also manage inventory, staff, marketing, loyalty programs, e-commerce, analytic insights and more.
For example, a restaurant upgrades to a cloud-based POS system that processes payments, tracks table orders, manages staff tip-outs, integrates with inventory, and generates daily sales reports — replacing three separate software tools and reducing end-of-day reconciliation from 45 minutes to 5 minutes.
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