The current retail marketplace is witnessing an interesting intersection between technology and commerce with the onset of Point of Sale (POS) solutions. Retailers today are under pressure to differentiate their customer service experience from their competitors and POS solutions comes across as a key component. While these systems have traditionally been used to serve customers, POS solutions have evolved to become important store management tools as well. Either through out of the box features or additional modules, POS solutions can be used for a variety of tasks including inventory tracking, order processing, marketing and promotions, and workforce management. That said the challenge here lies in picking a right POS solution that best serves the purpose of an organization.
However the primary requirements for all the businesses comprise basic features– how the system works, how easy is it to implement, what it provides and whether or not if it comes with good support. Since retailing becomes more and more personal, customer data and relationships will become a key asset for retailers. Mobile POS platform is an emerging trend among retailers to empower stores to engage directly with the customers. Demand-based management can succeed only with real-time data information delivered through increasingly newer forms of technology delivery systems. Addressing these demands, technology is greatly contributing to improved operational efficiency for retailers.
In order to simplify and assist CIOs identify the right POS solutions; Retail CIO Outlook presents “10 Most Promising POS Solution Providers 2015.”
A Distinguished panel comprising CEOs, CIOs, VCs, analysts, and the Retail CIO Outlook editorial board has selected the top POS Solution Providers. In our selection process, we looked at the vendor’s capability to fulfill the need for cost-effective and flexible solutions that add value to the POS landscape.