EPOS which is an abbreviated form Electronic Point of Sale, a form of technology which helps in keeping the systematic records all the goods and services provided to the customers. Earlier people were dependent on cash operator registers so to know the exact sales of the particular year. It was rather difficult to note down each and every services and goods supplied and also they had to tally these prices at the end of the year.
The cashier was given the work of tallying after which these tallying notes were input in to the accounting ledger and thus all the finances and inventory records were to be done manually. It was really a difficult and lengthy task to not down each and every goods sold and purchased and also the services provided later on.
The first EPOS system was invented by IBM in the year 1986. Initially EPOS system was just a Computer and display unit but later on as the technology was advanced monitors with touch screen were introduced.
Also barcode scanners and printers were also attached to the EPOS system to take the check the barcode and to take the printouts of the all the bills which were made. It became a lot easier and also saves a lot of time in the process.
There are two types of EPOS system in market nowadays namely Modular system and Integrated System. The display unit and computer are attached as a single device in the Integrated systems whereas in modular systems, the computer is separately connected to various peripheral devices such as printers, barcodes etc along with the display device.Many other devices such as barcode scanners, printers, chip and pin, barcodes, mobile PDA, tablets, customer displays, cash draws and weighing scales can be attached to the integrated systems so that it can perform various other functions. EPOS systems are well designed systems and these are designed according to customer’s needs and specifications.
Earlier it was not easy to send data between cash registers and between the manufacturers as there was lack of portals which could allow the proper transfer of data between different software and EPOS systems. But nowadays with the introduction of various management tools it has become a lot easier to solve this problem of data transfer between two EPOS systems.
Some of the benefits related of EPOS systems:
It becomes easy to manage the records of each and every assignment. It doesn’t require you to feed each and every detail of the prices and transactions of the services provided to the customers. They also helps in maintaining the inventory management, managing customer relations, service management and also pay roll modules. EPOS system together combines the technology and business management and due to this reason it is also referred to as Retail management software. It helps in managing every day cash and bills systems. You don’t have to note down everything manually. A manager can have a look at any figures he wants to see such as profit earned, day’s income or any other figures without asking any of his employees.
Thus with the help of EPOS systems, it saves a lot of time and manual work of the people.
|
