Top 5 Off The Shelf ESPOS Systems And Their Key Features.
An ESPOS system refers to a computer that manages the sales process of goods in a store. An ESPOS system also generates receipts. In order to reduce costs and increase the functionality of their businesses, many retailers are turning to the use of ESPPOS systems. ESPOS systems also encompass bar code scanners. These scanners help in identifying the items sold and calculation of VAT amounts. There are a number of companies producing ESPOS systems in the country. One of the most popular ESPPOS system is Counterpoint produced by Radiant Systems. It is worth noting that Radian Sytems is the fastest growing technological solutions in the country.
CounterPoint has been used in over 100,000 retail stores. The system is a point of sale and inventory management system for retailers. In addition to that, wholesalers may also use CounterPoint in their businesses. Another popular ESPOS system in the country is Retail STAR which is produced by Commerce Solutions. Retail STAR has been successfully used in over 20,000 businesses. Moreover, it is worth noting that Retail STAR can also be preinstalled in HP terminals thus providing comprehensive solutions to businesses. Thirdly, there is AmberPOS which is generated by Pacific Amber Technologies. AmberPOS has a number of features which include inventory management, vendor management and customer relationship.
Fourthly, there is TouchSuite provided by American Bancard which is one of the country’s fastest growing technology providers. TouchSuite is ideal for small and medium enterprises. Moreover, TouchSuite encompasses an affordable software and hardware solutions for businesses. Lastly, there is the Microsoft Retail management System pioneered by Microsoft. Microsoft Dynamics RS is available in two packages which are the RMS Headquarters for many locations and the RMS Store operations for small stores. It is worth noting that Microsoft Dynamics RS has an inventory management and a customer relationship system. ESPOS systems have product information, recognition and storage features. The systems have barcode scanners that identify the item at the point of purchase.
An alternative to the barcode is the item entry through data capture methods e.g. optical character recognition or magnetic strip readers. Secondly, the code of the item may be keyed manually into the system. Thirdly, the retail store may use the department code entry. Lastly, the shop may use Sales by Vat code whereby sales are manually keyed onto the system against special till buttons which are coded to prevailing VAT rates. Information about products in an ESPOS system is usually stored in a product file.
In addition to that, the business may have a head office product file which may be used to populate local files. Alternatively, information about products may be held in a till level. There are a number of factors that may lead to a change in the product file. Some of these factors include product amendments, product deletions, price changes and new products among others.VAT may be calculated at the various stages of a transaction. However this is dependant on a number of factors which include method of VAT calculation, restrictions imposed by business operations and restrictions imposed by the EPOS’s system software.
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