Top 10 POS Solution Companies - 2020
POS systems have come a long way from just being a tool to record transactions to a dynamic platform that can integrate marketing, inventory, accounting, and data analytics needs of an organization. In fact, according to Forbes, 61 percent of merchants have embraced cloud-based POS for their business. Cloud-based POS has enabled various game-changing features for retailers like real-time reporting, location-based discounts, and customer management. With these solutions, retailers can do everything from easily accessing their data to upgrading their software across all the stores simultaneously. In addition, multiple stores can be updated and upgraded in just minutes, which makes doing business easier for retailers. Cloud-based POS solutions also provide crucial features like CRM solution, guest feedback, reporting and analytics, and payroll.
Besides, AI-integrated POS solutions have proved to be a crucial tool in targeted marketing campaigns. Retailers can now gain valuable insights from tons of customer data to reach the target audience. AI algorithms pave the way for a better understanding of consumer preferences, which can be used to create more personalized and relevant promotional campaigns leading to improved customer acquisition.
Furthermore, the flexibility of POS systems is key for retailers to deliver on the demands of today’s business needs. To that end, mobile POS systems (mPOS) are taking the retail industry by storm. mPOS terminals allow businesses to run from anywhere in the world instead of being tethered to one location like a traditional cash register. In addition, because a mobile POS system can run off of a smart or digital device connected to the internet, it opens up a world of opportunities for businesses—especially for small companies, street-vendors, and businesses that are typically on the move, such as food trucks.
Highlighting these new developments in the retail landscape, CIOReview has compiled a list of leading POS solution providers that are at the top of their game. The enlisted organizations are transforming the retail processes at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CIOReview’s “10 Most Promising POS Solution Providers – 2020.”