Business Software Reviews POS Software

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Top 7 Free and Open Source POS Software Tools

The point-of-sale is the most important point-of-contact between the

customer and the enterprise. This involves all the economics and

management of the business as a whole. An enterprise needs point-of-sale

services to differentiate orders and SKUs, calculate costs incurred, and

manage your inventory and to print receipts and invoices.

On the customer end, point-of-sale services are important for time

management, order confirmation and to receive detailed invoices. Point-of-

sale services came into the picture in the late 1800s. Punch cards and

coupons were the first point-of-sale tools. Then we saw the cash registers

which segregated the cash.

Then came the electronic cash registers from the brilliant minds at IBM,

which introduced the receipt or invoice to the customer and businesses

alike. It did not take long for graphical cash registers or the first POS

software tools to arrive from there on. At the turn of the century, the POS

software tools were omnipresent as ever.

Business Software Reviews POS Software

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What is a POS Software Tool?

A POS Software tool is an electronic and graphical cash register that keeps

track of your sales and manages your inventory. It’s mostly used by brick-

and-mortar stores and E-commerce businesses to make the sales and

purchase cycle efficient and accountable. A POS software tool takes care of

everything from managing tabs on tables in a Restaurant POS Software, to

keep track of stock and inventory and even scanning barcodes and printing

receipts and invoices. If you own a sales business or enterprise, it’s a no-

brainer to have a great POS software tool to run your business efficiently

and make the optimum utilization of resources.

Business Software Reviews POS Software

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Features of a POS Software Tool

➢ Stock and Inventory Management: This is one of the essential

elements of a POS software tool which helps keep in track the amount

of inventory being used by the enterprise as well as the stock in hand

for future use.

➢ Sales Reporting and Analytics: This feature enables you to plan and

strategize your business. All the data involving the sales, the cost

incurred by the enterprise are analyzed and stacked by the POS

software tool.

➢ Customer Management: Customer Service is a vital part of running

any business. POS software helps you to manage your customers

effectively. You can quickly go through the purchase history of any

customer and provide them with attractive offers and rewards.

➢ Employee Management: Employee management is another vital

function of a POS software tool. To keep a check on the efficiency and

competency of the business, the employees need to be managed and

guided correctly.

➢ Multi-platform and Mobile Accessibility: great Ipad POS software

tool will be available across various platforms and most importantly

have mobile access. Businesses like Shops and Restaurants have quite

a mobile environment when you take orders and even inventory

purchases.

➢ Tax and Sales Management: A POS software tool will help you keep

track of your sales reports and statistics. Along with keeping the sales

in check, you can also manage your taxes. The software automatically

syncs taxes such as VAT on a purchase and, you can also add further

taxes if any are implemented.

Business Software Reviews POS Software

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A Brief History of POS systems.

The Top 7 Free and Open Source POS Software tools are the

following:

1. Chromis POS: Chromis POS is a simplistic POS software tool but with

an array of advanced features. The UI is very minimalist and can be used by almost anyone. This makes it very popular among common brick and mortar stores. Features such as multi-sales and mode and barcode support are significant for retail stores and supermarkets.

2. Floreant POS: Floreant POS is a prevalent POS software tool among

eateries, restaurants, and bars. It has a very efficient table and kitchen management system which helps in seamless service to the customer. With Floreant POS, you could create various cash terminals so that orders can be placed and transactions can be completed in more than one place in your establishment.

3. Unicenta: Unicenta is one of the most advanced POS software tools

in the market. It’s perfectly made for retail stores and supermarkets. Even if you have a small business, Unicenta is the ideal option. It’s incredibly customizable display, and UI are very convenient as you can construct it according to the needs of your establishment or enterprise. It has a very advanced inventory and stock management as well which places and schedules orders by tracking the inventory being rolled out of the system.

4. Odoo POS: Odoo POS is an advanced POS software tool made

especially for shops and restaurants. Odoo POS has two different versions of POS, one for shops and the other for restaurants. Its wide range of features includes an excellent inventory management system, a customer tracking, and reward system. Odoo POS is very versatile as it is supported across multiple platforms. It also has a kitchen and bar receipt printing function which is very efficient.

Business Software Reviews POS Software

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5. Loyverse POS: Loyverse POS is one of the first entirely mobile-based

POS software tools. Even being mobile-based is one of the most advanced POS software tools in the market. It has both electronic and printed receipt creating feature. It has great cash and inventory management systems. Loyverse POS is most famous for its incredibly fluent reward and discount system for the loyal customer base.

6. Pangea POS: Pangea POS is a very simplistic POS software tool. Its UI

is very simple to use with graphical indicators. The dashboard has multiple skins so you can differentiate between accounts. Pangea POS has a great stock management system which tracks and schedules purchase orders. The Reward and Point system is another great feature of Pangea POS. Pangea POS also provides you with frequent tax reports to make transactions simple.

7. Wallace POS: Wallace POS is a completely web-based POS software tool that can be accessed anywhere with an internet connection. The dashboard and skins are completely customizable which makes it quite versatile. Wallace POS can print receipts very efficiently and has the barcode scanning option as well. It has a great customer management system to create a database and keep customers within the loop of the enterprise. Stock and inventory can be managed perfectly with Wallace POS, including tracking and scheduling of purchase orders.

8. Shopify POS: Shopify POS is a renowned Point of Sale software that

lets retailers manage their payment terminal and offers various other features like product organization, inventory management, barcode support, analytics, and retail reports. It is an e-commerce platform itself, and it seamlessly provides services to retail customers doing online business.

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Conclusion:

Point-of-sale is one of the most vital cogs of running your business in today’s world. The speed with which purchases and orders are made today, especially on E-Commerce platforms is remarkable. To make up with the speed of the customers, the businesses now have POS software tools with them to cope up with the requirements of the customer. POS software tools have made businesses efficient, accountable and simplified. Sales and purchase of inventory are now all under one roof and even is automated. Mobile phones and tablets have made it even easier, for now, the customer can directly place orders from his/her device. POS software tools are adapting and modernizing each passing day to make it easier and easier to run any business. Tech and Sales giants such as Amazon, Google, and Apple have completely taken over POS and are adding to its strength each day. These are inspiring times as almost every day something arrives in the POS ecosystem. We have reached the stage where we finally have automated retail stores, which minimal need for human interaction at the point of purchase.

Paul Richards

Paul Richards is a senior content writer at GoodFirms - B2B Ratings, a pioneering research and review firm for software development companies. Paul has over 10 years of experience in content writing and marketing and has made a name for himself in the IT research sector.