5 Steps to Finding the Right POS Software

Payments are an important part of any business, so you need to get your process right. If not, you run the risk of losing custom to competitors. But, with so many point of sale (EPOS) systems to choose from, it can be difficult to determine which one is right for you and your business. So, to help, here are a few things to think about.

1. Understand your business needs:

POS systems do much more than just process payments, and they all vary in what they can and cannot do. So, before you start trying to compare all systems on the market, work out exactly what you want yours to do. Ask yourself what features would be useful to your business? For example, do you need a POS system that can help you manage and control your stock or is collecting and keeping track of customer data more useful? What systems in your business currently could be simplified and what might help streamline your payment process? Also, think about what other software you have, and whether it needs to integrate with your POS software.
When considering your needs, try to avoid just thinking about today; requirements change all the time. Choosing a flexible hardware system, like MePOS, can cater for your needs now and allow for growth in the future.

2. Consider the hardware

When it comes to POS systems, it is worth considering the hardware as well as the software. Firstly, think about what you need in your business. Do you need static tills, customer-led kiosks or mobile points of sale that can be taken anywhere? Think about how many points of sale you need and whether flexibility would be useful. MePOS Pro, for example, enables you to quickly switch between mobile and static tills enabling you to serve customers at counters or as they browse your store. MePOS products are available in multiple colours, can be branded with your logo or fully wrapped in custom graphics making your POS system part of your brand.

3. Identify your budget

Once you’ve decided what you want, think about how much you are willing or able to spend. All POS systems cost money, but they vary in price. And, don’t just think about upfront costs either, consider what you can afford to pay monthly or for service and maintenance of your POS system. Make sure you include consideration of how much you may pay in fees to your acquirer for payment processing. For some systems payment processing may come with the whole system but you may save money by managing payment processing separately.

4. Research what your competitors are using

One way of finding out which POS system may work well for you, is to see what competitors are using. Speak with similar businesses and find out which POS systems they have and, crucially, what they think of them. Ask about the benefits as well as the downsides and find out if they would recommend the system for a similar business such as yours. Ask about things like installation, ease of use, customer satisfaction and support once the system has been installed.

4. Investigate the POS software company

Finally, look at what software is out there that caters to all your needs and narrow down your options. Once you have a rough idea of which system you may want, investigate the company and its reputation. If you have already spoken to someone using it, you may have a good idea as to what service and support is offered, but you can learn a lot from reading reviews and testimonials.  It may also be possible to get a demo or trial of the system so you can see how it fits into your business.

MePOS products are flexible, and offer multiple options for compatible software to fit with the needs of any business. If you are interested and would like to know more about what MePOS could do for your company, contact us today.

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