Point-of-sale (POS) systems have come a long way since they were introduced a few decades ago. Modern POS trends have added features and capabilities that convert each system into a virtual command center for an entire firm, making them more than simply a tool to receive payments and generate transactions. Today, POS systems are becoming an essential component of any retail operation owing to their enhanced mobility, data analysis, and security.

In a conventional retail setting, transactions would take place only at the checkout counter. However, with new POS systems, employees are no longer bound to the counter and can instead focus on improving customer connection and closing purchases on the spot. Likewise, with the more recent trends of mobile e-wallet and cloud-based POS transactions, businesses can conduct sales from any location, making purchasing a more seamless process for both the customer and the retail staff. Additionally, with behavior analysis and artificial intelligence thrown into the mix, an effective POS solution also allows for a more customized engagement with clients. Retailers can personalize automated marketing through the POS over time, allowing their staff to access customer profiles at checkout.

Today, as technology advances, having a smart retail POS system is vital as an efficient, secure, and cost-effective approach to improve corporate operations. With a mind to assist organizations in choosing the appropriate POS solution best suited to their specific needs, a distinguished panel of CEOs, CIOs, VCs, and other thought leaders from the industry, along with the editorial board of Retail Tech Insights, has selected the leading companies looking to offer their expertise to the widest market possible.

In this edition of Retail Tech Insights, we present to you Retail Tech Insight’s “Top 10 POS Solution Providers - 2021.”