What is the difference between POS and EPOS?
Point of Sale (POS): As the name implies, a point of sale is a system where manual exchanges of goods or services take place. It combines a variety of hardware and software.
EPOS, or electronic point of sale:As the name implies, Electronic Point of Sale (EPOS) is a software programme that handles all business operations, including checkouts, payments, handling accounts, inventory management, etc.
What separates POS from EPOS:
POS EPOS POS systems typically incorporate manual processes like account reconciliation, which analyses two sets of records to ensure that the numbers are accurate and agreeable. Simply put, one can do all account-related tasks manually and without the aid of an electronic system. Electronic point-of-sale systems are typically used to reconcile accounts.
EPOS systems typically have far better security protocols than their conventional counterparts.
Since EPOS systems are web-based, there is minimal chance that they would be hacked or compromised, the need for significantly improved security was, of course, vital. Cloud-based security focuses more on reducing the risk of data loss than it does on avoiding hacks, such as when a server fails and the previous month’s sales figures are lost. Of sure, this is a possibility, but it would serve more to protect data than to prevent theft.
Options for Flexible Payment
Because the way we trade money is a constantly evolving phenomena, it is essential that lodging providers and other companies be able to take the many forms of payment that are currently available.
Consumers have a wide range of preferences when it comes to how they choose to pay for products and services, including online payments, conventional credit card payments, and contemporary contactless payments.
Control of Inventory
It’s a much more versatile approach of inventory management than what was accessible with older POS systems because your EPOS system can access your inventory in real-time. At TISSL, your inventory is currently managed through interaction with a system from a third party.
Your EPOS terminal allows you to track your inventory, so you will be notified if your stock is getting low. As a result, you’ll never run out of your best sellers while also never having an excess of inventory. You can perform this on TISSL’s systems at the back office rather than at the front-of-house point-of-sale terminal.
Few POS system providers would give 24/7 customer assistance, but EPOS system vendors do.
Because of this customer support availability, any problems you run across while using an EPOS system will be resolved right away.
However, like with other pricey product, you probably wouldn’t want to spend the money unless you had devoted support. Having said that, if you’re considering to invest in an EPOS system, be sure the supplying firm offers a good degree of technical and maintenance assistance by checking with them.