--- title: The Top 16 POS System Features & Requirements --- # The Top 16 POS System Features & Requirements Last Reviewed: March 4, 2026 17 min read [No comments](https://www.selecthub.com/pos/pos-system-features/#respond) [ ![Ishani Vats](https://www.selecthub.com/wp-content/uploads/2021/11/cropped-Ishani-Vats-Profile-96x96.png) ](https://www.selecthub.com/author/ishani-vats/) [Written by Ishani Vats](https://www.selecthub.com/author/ishani-vats/) Technical Content Writer [ ![Dianna Dragonetti](https://www.selecthub.com/wp-content/uploads/2024/02/cropped-Dianna-Headshot-96x96.jpg) ](https://www.selecthub.com/author/dianna-dragonetti/) [Edited by Dianna Dragonetti](https://www.selecthub.com/author/dianna-dragonetti/) Content Editor [ ![Shantashree Das](https://www.selecthub.com/wp-content/uploads/2024/02/cropped-Shantashree-Das-96x96.jpg) ](https://www.selecthub.com/author/shantashree-das/) [Technical Research by Shantashree Das](https://www.selecthub.com/author/shantashree-das/) Senior Analyst Table of Contents * [1\. Compliance and Security](#1%5FCompliance%5Fand%5FSecurity) * [Shopify POS](#Shopify%5FPOS) * [2\. Customer and Loyalty Management](#2%5FCustomer%5Fand%5FLoyalty%5FManagement) * [Hike POS](#Hike%5FPOS) * [3\. Employee Management](#3%5FEmployee%5FManagement) * [Hike POS](#Hike%5FPOS-2) * [4\. Inventory Management](#4%5FInventory%5FManagement) * [KORONA POS](#KORONA%5FPOS) * [5\. Items and Service Management](#5%5FItems%5Fand%5FService%5FManagement) * [Epos Now](#Epos%5FNow) * [6\. Payment Transactions and Cash Management](#6%5FPayment%5FTransactions%5Fand%5FCash%5FManagement) * [Erply](#Erply) * [7\. Reporting and Insights](#7%5FReporting%5Fand%5FInsights) * [NCR Voyix](#NCR%5FVoyix) * [8\. Sales and Marketing Management](#8%5FSales%5Fand%5FMarketing%5FManagement) * [Lightspeed Retail](#Lightspeed%5FRetail) * [9\. Store Management](#9%5FStore%5FManagement) * [Rain POS](#Rain%5FPOS) * [10\. Technical Components](#10%5FTechnical%5FComponents) * [Additional Features](#Additional%5FFeatures) * [Ecommerce](#Ecommerce) * [Invoicing](#Invoicing) * [Customizations](#Customizations) * [Mobile App](#Mobile%5FApp) * [Multi-Store Management](#Multi-Store%5FManagement) * [Accounting](#Accounting) * [Integrated Supplier Purchasing](#Integrated%5FSupplier%5FPurchasing) * [FAQs](#FAQs) * [Next Steps](#Next%5FSteps) Tired of time-consuming manual inventory counts? Long queues slowing down checkouts? We’ll show you the top [POS system](https://www.selecthub.com/c/pos-software/) features that can help streamline your day-to-day retail operations and make business management a breeze. [Get our POS Software Requirements Template](https://pmo.selecthub.com/pos-software-requirements-onsite/) [Compliance and Security](#group%5F244) Ensures that transactions are secure and customer data is protected, in compliance with industry regulations. [Learn more](#1%5FCompliance%5Fand%5FSecurity) [Customer and Loyalty Management](#group%5F966) Tracks customer data and rewards customers through loyalty programs and personalized offers. [Learn more](#2%5FCustomer%5Fand%5FLoyalty%5FManagement) [Employee Management](#group%5F642) Manages employee schedules, payroll and performance to streamline workforce operations. [Learn more](#3%5FEmployee%5FManagement) [Inventory Management](#group%5F820) Keeps track of inventory levels and automates stock replenishment to avoid shortages and overstocking. [Learn more](#4%5FInventory%5FManagement) [Items and Service Management](#group%5F649) Organizes products and services, allowing for easy updates of pricing, availability and details. [Learn more](#5%5FItems%5Fand%5FService%5FManagement) [Payment Transactions and Cash Management](#group%5F220) Processes payments securely, manages cash flow and ensures financial transactions are accurate. [Learn more](#6%5FPayment%5FTransactions%5Fand%5FCash%5FManagement) [Reporting and Insights](#group%5F398) Generates detailed reports and provides insights to track performance and inform business decisions. [Learn more](#7%5FReporting%5Fand%5FInsights) [Sales and Marketing Management](#group%5F428) Helps create and track sales and marketing campaigns to increase revenue and engage customers. [Learn more](#8%5FSales%5Fand%5FMarketing%5FManagement) [Store Management](#group%5F762) Oversees day-to-day operations, including staff, inventory and customer service, for smoother business operations. [Learn more](#9%5FStore%5FManagement) We’ve onboarded over 100,000 users into our software selection platform. This has given us a wealth of insights into their usage patterns based on industry, company size and user persona. By leveraging this data, we’ve identified the top POS system features you should consider to minimize the risk of selecting the wrong software. Our goal is to empower you to benefit from the collective experience of your peers who’ve embarked on the same journey before you. ![POS Software Requirements Project Summary in SelectHub Express App]() We’ve put together a list of the most important POS capabilities to look out for, along with our highest-rated solution for each requirement. ![POS System Essential Features]() ## 1\. Compliance and Security A POS system keeps your company’s sensitive information safe, protects your customers’ details and makes sure transactions are secure. [Endpoint security software](https://www.selecthub.com/c/endpoint-security-software/) acts as a watchdog for your work devices, stopping viruses and attacks that could steal your data. It also ensures that you’re following the [GDPR rules](https://gdpr.eu/what-is-gdpr/) to keep customer information safe. Password-protected networks prevent data leaks, while regular software updates keep hackers out. Strong security measures like end-to-end encryption and two-factor authentication, along with antivirus scans add extra layers of protection. **Our Top Pick:** [ ![Shopify POS](https://cdn.selecthub.com/products/2d44e06a7038f2dd98f0f54c4be35e22-4e677afa7727829938266d375816a695/resources/normal/logo.png?1693318944 "Shopify POS") ](https://www.selecthub.com/p/pos-software/shopify-pos/) ### [Shopify POS](https://www.selecthub.com/p/pos-software/shopify-pos/) Analyst Score 87 Compare User Sentiment: 89% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $29Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=POS+Software&product%5Fname=Shopify%2BPOS&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F2d44e06a7038f2dd98f0f54c4be35e22-4e677afa7727829938266d375816a695%2Fresources%2Fnormal%2Flogo.png%3F1693318944&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Shopify+POS&category=POS+Software&product%5Flogo=https://cdn.selecthub.com/products/2d44e06a7038f2dd98f0f54c4be35e22-4e677afa7727829938266d375816a695/resources/normal/logo.png?1693318944)) Good For: Medium companies Best For: Compliance and Security Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 1008780888087741008875871000255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/pos-software/shopify-pos/) [Visit Site](https://www.shopify.com/pos) ## 2\. Customer and Loyalty Management As customers expect more from businesses, CRM has become more important for [sales and marketing](https://www.sugarcrm.com/au/hd-cx/content/state-of-crm/?utm%5Fsource=google.com&utm%5Fmedium=organic) than it was even five years ago. This is because [88% of customers](https://www.salesforce.com/content/dam/web/en%5Fus/www/documents/research/State-of-the-Connected-Customer.pdf) are more likely to buy from a business again if they feel they received good customer service. So, by using CRM to understand and serve your customers better, you can keep them coming back for more. POS systems offer [CRM tools](https://www.selecthub.com/c/crm-software/) like loyalty programs, point-based rewards, marketing tools, promotions and discounts, customer profiling and insightful reports. You can track your customers’ purchases and website activity to see what they like, how they shop and what they usually buy. You can also create custom profiles for each customer with information like their age, gender, location, purchase history and spending habits, and use this data to offer them personalized promotions and attractive deals. ![Lightspeed customer profile view showing visit history, preferences, and notes]() Store customer information in user profiles. [Source](https://www.lightspeedhq.com/pos/restaurant/customer-retention-loyalty/) Use data reports to see how well your marketing strategies are working for your customers. You can track which items are selling well (or not), who your loyal customers are and how much you’re selling overall. A [Twilio report](https://www.twilio.com/en-us/state-of-customer-engagement/report) found that 76% of customers prefer brands that offer a personalized shopping experience. You can grow your business with features that put the customer first, like special deals, rewards programs and loyalty points. Give them options to pay with gift cards, use discounts at checkout, and take advantage of coupons and deals. **Our Top Pick:** [ ![Hike POS](https://cdn.selecthub.com/products/67ff32d40fb51f1a2fd2c4f1b1019785-fb1d55152cf335361c299c948b3de705/resources/normal/logo.png?1706118529 "Hike POS") ](https://www.selecthub.com/p/retail-pos-systems/hike-pos/) ### [Hike POS](https://www.selecthub.com/p/retail-pos-systems/hike-pos/) Analyst Score 77 Compare User Sentiment: 81% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $59Monthly (if paying annually) ](https://pmo.selecthub.com/get-product-pricing/?category=Retail+POS+Systems&product%5Fname=Hike%2BPOS&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F67ff32d40fb51f1a2fd2c4f1b1019785-fb1d55152cf335361c299c948b3de705%2Fresources%2Fnormal%2Flogo.png%3F1706118529&price=2) Free Trial: 14 Days ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Hike+POS&category=Retail+POS+Systems&product%5Flogo=https://cdn.selecthub.com/products/67ff32d40fb51f1a2fd2c4f1b1019785-fb1d55152cf335361c299c948b3de705/resources/normal/logo.png?1706118529)) Good For: Medium companies Best For: Customer and Loyalty Management Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 421001008775834188766187860255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/retail-pos-systems/hike-pos/) [Visit Site](https://hikeup.com/us/) ## 3\. Employee Management A well-organized system for managing your staff can help everyone work together better and get more done. Time clocks let employees track their hours and daily tasks. With an activity log, you can see how your team is doing, track time off, check daily tasks and create schedules. Many POS systems offer training tools to help employees learn new skills and improve at their jobs. These tools give you a snapshot of each employee’s performance and how much they’ve helped the business earn. You can also set company policies, handle [payroll](https://www.selecthub.com/c/payroll-software/), add tips, give out benefits and manage your staff activities securely within the system. Many POS systems let you set up different accounts for each employee. Each person gets their own login, so you can see who’s selling the most, spot issues and reward your top sellers. It’s also handy for calculating commissions and bonuses, and having separate logins helps you catch any mistakes or theft. **Our Top Pick:** [ ![Hike POS](https://cdn.selecthub.com/products/67ff32d40fb51f1a2fd2c4f1b1019785-fb1d55152cf335361c299c948b3de705/resources/normal/logo.png?1706118529 "Hike POS") ](https://www.selecthub.com/p/retail-pos-systems/hike-pos/) ### [Hike POS](https://www.selecthub.com/p/retail-pos-systems/hike-pos/) Analyst Score 77 Compare User Sentiment: 81% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $59Monthly (if paying annually) ](https://pmo.selecthub.com/get-product-pricing/?category=Retail+POS+Systems&product%5Fname=Hike%2BPOS&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F67ff32d40fb51f1a2fd2c4f1b1019785-fb1d55152cf335361c299c948b3de705%2Fresources%2Fnormal%2Flogo.png%3F1706118529&price=2) Free Trial: 14 Days ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Hike+POS&category=Retail+POS+Systems&product%5Flogo=https://cdn.selecthub.com/products/67ff32d40fb51f1a2fd2c4f1b1019785-fb1d55152cf335361c299c948b3de705/resources/normal/logo.png?1706118529)) Good For: Medium companies Best For: Customer and Loyalty Management Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 421001008775834188766187860255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/retail-pos-systems/hike-pos/) [Visit Site](https://hikeup.com/us/) [Get our POS Software Requirements Template](https://pmo.selecthub.com/pos-software-requirements-onsite/) ## 4\. Inventory Management A good [inventory management system](https://www.selecthub.com/c/inventory-management-software/) tracks all your products in different locations. It tells you exactly how much stock you have at any given moment, warns you when you’re running low and even shows you what’s selling like hotcakes. This helps you keep the right amount of stuff in stock, so you’re not stuck with too much of one thing and not enough of another. To make managing your supply chain easier, you can sort products into groups, add descriptions and pictures for each item, and track sales. ![Lightspeed stock control interface displaying inventory levels and reordering options]() Maintain your stock levels to avoid item shortages. [Source](https://www.lightspeedhq.com/pos/retail/inventory-management-software/#lightbox%7Cretail-talk-expert-wizard-lightbox) Instead of typing everything by hand, which can be slow and lead to mistakes, your POS can scan barcodes, find products, give them serial numbers and add unique tags to items. You can also set up alerts to get notified about low stocks, new orders, expiration dates and where items are located. [Loris Petro](https://www.linkedin.com/in/loris-petro-182a40144/), Marketing Manager at [Kratom Earth](https://www.kratomearth.com/), has helped set up POS software for over 20 retail stores across Canada. He handled software selection, vendor management and system customization to meet each store’s unique needs. He also oversaw the installation of hardware and software, conducted staff training for a smooth transition and provided ongoing support to troubleshoot issues and optimize system performance. Reflecting on the importance of inventory management tools, he explains: ![Loris Petro]() A great POS system includes inventory management that syncs across physical stores and online platforms. You don’t have to worry about overselling or running out of stock unexpectedly because everything is updated in real time. It keeps things running smoothly and ensures customers always get what they’re looking for, whether they’re shopping in-store or online. Loris Petro Marketing Manager, Kratom Earth Stay in the know with real-time reports on your profits, how much your business has grown over time, which products are making you the most money and your total sales. The software also offers insights into future inventory needs, shipping trends and purchase orders. **Our Top Pick:** [ ![KORONA POS](https://cdn.selecthub.com/products/df334b223e699294764c2bb7ae40d8db-b697bd397a20fd83cdfc0d8226a03c86/resources/normal/logo.png?1750882620 "KORONA POS") ](https://www.selecthub.com/p/pos-software/korona-pos/) ### [KORONA POS](https://www.selecthub.com/p/pos-software/korona-pos/) Analyst Score 77 Compare User Sentiment: 94% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $59Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=POS+Software&product%5Fname=KORONA%2BPOS&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fdf334b223e699294764c2bb7ae40d8db-b697bd397a20fd83cdfc0d8226a03c86%2Fresources%2Fnormal%2Flogo.png%3F1750882620&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=KORONA+POS&category=POS+Software&product%5Flogo=https://cdn.selecthub.com/products/df334b223e699294764c2bb7ae40d8db-b697bd397a20fd83cdfc0d8226a03c86/resources/normal/logo.png?1750882620)) Good For: Medium & large companies Best For: Inventory Management Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 508080100689333100746887860255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/pos-software/korona-pos/) [Visit Site](https://koronapos.com/) ## 5\. Items and Service Management Updating your inventory doesn’t have to be a hassle. With bulk imports, you can quickly add, update or remove groups of items instead of doing it one by one. You can assign categories to items and services, sort inventory into departments, add labels and serial numbers, attach pictures, write descriptions and more. Make things easy for your customers by suggesting items they’ve recently looked at, showing related products and displaying discount coupons. If you offer delivery, you can use your POS to split up orders, track them in real-time, update your online catalog, process payments and more. **Our Top Pick:** [ ![Epos Now](https://cdn.selecthub.com/products/bc3c4a6331a8a9950945a1aa8c95ab8a-2c8d16acf411a61fd7ad70eeb9d6b059/resources/normal/logo.png?1693318952 "Epos Now") ](https://www.selecthub.com/p/pos-software/epos-now/) ### [Epos Now](https://www.selecthub.com/p/pos-software/epos-now/) Analyst Score 76 Compare User Sentiment: 74% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $39Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=POS+Software&product%5Fname=Epos%2BNow&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fbc3c4a6331a8a9950945a1aa8c95ab8a-2c8d16acf411a61fd7ad70eeb9d6b059%2Fresources%2Fnormal%2Flogo.png%3F1693318952&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Epos+Now&category=POS+Software&product%5Flogo=https://cdn.selecthub.com/products/bc3c4a6331a8a9950945a1aa8c95ab8a-2c8d16acf411a61fd7ad70eeb9d6b059/resources/normal/logo.png?1693318952)) Good For: Medium companies Best For: Items and Service Management Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 506780931006378886863741000255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/pos-software/epos-now/) [Visit Site](https://www.eposnow.com/uk/) ## 6\. Payment Transactions and Cash Management A POS system allows you to take cash payments, print and send receipts, send invoices and let customers add discounts at checkout. You can also download bank statements, record sales transactions (invoicing) and get detailed reports to better understand your finances. One smart way to stay on top of your accounting is to link your POS system with your [accounting software](https://www.selecthub.com/c/accounting-software/). This connection automatically sends your sales info to your accounting records, so you don’t have to enter it by hand. This keeps your fiscal records current, so you can always see how your business is doing financially. ![Digital Payments Stat]() More than half of Americans use [digital wallets](https://www.forbes.com/advisor/banking/digital-wallets-payment-apps/) to shop online. With an NFC reader, you can accept payments from credit and debit cards, older magstripe cards, store credit, gift cards and more. You can even accept payments from digital wallets like Apple Pay, Google Pay and [PayPal](https://www.selecthub.com/p/ecommerce-platforms/paypal/). With integrated payment processing, you don’t have to manually enter payments or try to match up different records, leading to fewer errors and more accuracy. The system automatically calculates taxes and reinforces compliance with necessary laws and regulations. You can provide printed receipts or share them via email, and also let customers add tips for staff during checkout. **Our Top Pick:** [ ![Erply](https://cdn.selecthub.com/products/581b41df0cd50ace849e061ef74827fc-0b3dc8edc352e4be5d08045a7caa173a/resources/normal/logo.png?1693318437 "Erply") ](https://www.selecthub.com/p/retail-pos-systems/erply/) ### [Erply](https://www.selecthub.com/p/retail-pos-systems/erply/) Analyst Score 82 Compare User Sentiment: 86% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $49Monthly (if paying annually) ](https://pmo.selecthub.com/get-product-pricing/?category=Retail+POS+Systems&product%5Fname=Erply&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F581b41df0cd50ace849e061ef74827fc-0b3dc8edc352e4be5d08045a7caa173a%2Fresources%2Fnormal%2Flogo.png%3F1693318437&price=2) Free Trial: 60 Days ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Erply&category=Retail+POS+Systems&product%5Flogo=https://cdn.selecthub.com/products/581b41df0cd50ace849e061ef74827fc-0b3dc8edc352e4be5d08045a7caa173a/resources/normal/logo.png?1693318437)) Good For: Small & medium companies Best For: Payment Transactions and Cash ManagementTypes of POS Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 8378608775100598886681001000255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/retail-pos-systems/erply/) [Visit Site](https://erply.com/) [Get our POS Software Requirements Template](https://pmo.selecthub.com/pos-software-requirements-onsite/) ## 7\. Reporting and Insights POS analytics is like a treasure map, revealing hidden insights about your business based on real-time data. You can generate reports to view total sales, profit margins, inventory performance, marketing stats, customer profiles, employee activity and more. ![Fourth Analytics dashboard showing sales trends, revenue, and KPIs]() Use customizable dashboards and visualizations to track business-specific KPIs. You can analyze these reports to gain a better understanding of your business operations and make adjustments to enhance overall performance. For instance, POS reports can help identify top-selling items, track inventory levels and monitor employee performance. You can use this information to adjust catalog items, manage inventory and improve customer service. POS systems also offer real-time data insights that enable you to respond quickly to operational changes. For example, if an item is not selling well, the system can provide data on its performance, allowing you to adjust your pricing and promotions accordingly. **Our Top Pick:** [ ![NCR Voyix](https://cdn.selecthub.com/products/27ef345422b300b5bc84817e0f83ca8b-d93523ca588c8bedcb7b24f8d3c65f2f/resources/normal/logo.png?1693318948 "NCR Voyix") ](https://www.selecthub.com/p/restaurant-management-software/ncr-voyix/) ### [NCR Voyix](https://www.selecthub.com/p/restaurant-management-software/ncr-voyix/) Analyst Score 80 Compare User Sentiment: 74% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $108Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Restaurant+Management+Software&product%5Fname=NCR%2BVoyix&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F27ef345422b300b5bc84817e0f83ca8b-d93523ca588c8bedcb7b24f8d3c65f2f%2Fresources%2Fnormal%2Flogo.png%3F1693318948&price=3) Free Trial: No Good For: Medium companies Best For: Types of POS Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 4289100858576701007673100460255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/restaurant-management-software/ncr-voyix/) [Visit Site](https://www.ncrvoyix.com/) ## 8\. Sales and Marketing Management POS systems display products in ways that attract customers, using digital signs, suggesting items and highlighting things on receipts. You can also showcase top sellers to get people interested and put popular products near the checkout counter for easy grabs. The software lets you create email marketing campaigns. You can send promotional messages, store updates, discounts, coupons and other news to an extensive list of customers all at once. To get more customers, you can make newly added items stand out, advertise your products on social media and offer deals. By understanding how people shop and what they like, you can make better suggestions and increase sales. **Our Top Pick:** [ ![Lightspeed Retail](https://cdn.selecthub.com/products/5705e1164a8394aace6018e27d20d237-3c552aa5bf61cb2c2c459767b3171caf/resources/normal/logo.png?1706663042 "Lightspeed Retail") ](https://www.selecthub.com/p/retail-pos-systems/lightspeed-retail/) ### [Lightspeed Retail](https://www.selecthub.com/p/retail-pos-systems/lightspeed-retail/) Analyst Score 72 Compare User Sentiment: 85% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $69Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Retail+POS+Systems&product%5Fname=Lightspeed%2BRetail&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F5705e1164a8394aace6018e27d20d237-3c552aa5bf61cb2c2c459767b3171caf%2Fresources%2Fnormal%2Flogo.png%3F1706663042&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Lightspeed+Retail&category=Retail+POS+Systems&product%5Flogo=https://cdn.selecthub.com/products/5705e1164a8394aace6018e27d20d237-3c552aa5bf61cb2c2c459767b3171caf/resources/normal/logo.png?1706663042)) Good For: Any company size Best For: Sales and Marketing Management Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 9235609871895988100733300255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/retail-pos-systems/lightspeed-retail/) [Visit Site](https://www.lightspeedhq.com/vend/) ## 9\. Store Management Connect your physical store with your online store to provide a consistent shopping experience to your customers. You can add products and suppliers to make sure everything is available at all your locations. Customer orders are a handy way to keep track of what your customers want. If a product is out of stock, you can write down their information and let them know when it’s back in. It’s as easy as scanning the product code into the order section of your POS system. Once the item is back in stock, your staff can quickly check the order list and give the customer a heads-up. This makes them happy because they get what they want, and you get more sales! You can make sure you don’t sell more stuff than you actually have. A POS keeps track of what’s in stock, so you can set limits on how much customers can order. For returns and exchanges, you can handle everything online instead of manually. When you receive a returned item, you can instantly refund the customer’s money to their original payment method. You can also manage your stock levels based on what’s available and show updated prices, all in one place. **Our Top Pick:** [ ![Rain POS](https://cdn.selecthub.com/products/738a6457be8432bab553e21b4235dd97-5593f78bb501d8d8474104b3bb67516f/resources/normal/logo.png?1693318421 "Rain POS") ](https://www.selecthub.com/p/retail-pos-systems/rain-pos/) ### [Rain POS](https://www.selecthub.com/p/retail-pos-systems/rain-pos/) Analyst Score 76 Compare User Sentiment: 89% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $49Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Retail+POS+Systems&product%5Fname=Rain%2BPOS&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F738a6457be8432bab553e21b4235dd97-5593f78bb501d8d8474104b3bb67516f%2Fresources%2Fnormal%2Flogo.png%3F1693318421&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Rain+POS&category=Retail+POS+Systems&product%5Flogo=https://cdn.selecthub.com/products/738a6457be8432bab553e21b4235dd97-5593f78bb501d8d8474104b3bb67516f/resources/normal/logo.png?1693318421)) Good For: Small & medium companies Best For: Store Management Feature Scores Compliance and Security Customer and LoyaltyManagement Employee Management Inventory Management Items and ServiceManagement Payment Transactionsand Cash Management POS Hardware Reporting and Insights Sales and MarketingManagement Store Management Types of POS Integration andExtensibility 1793749575785088788387790255075100 expand scores * Media ![Screenshots]()![Screenshots]()![Screenshots]() [Read Full Review](https://www.selecthub.com/p/retail-pos-systems/rain-pos/) [Visit Site](https://www.rainpos.com/) [Get our POS Software Requirements Template](https://pmo.selecthub.com/pos-software-requirements-onsite/) ## 10\. Technical Components Here are some of the technical components of a POS system: **1) Hardware** POS hardware refers to the physical devices and equipment used in a point-of-sale system. You can connect your platform with these tools to improve operational efficiency and accuracy, and deliver excellent customer service. ![NRS POS system with touchscreen, barcode scanner, receipt printer, and NRS Pay card reader]() Hardware devices process payments quickly and securely. [Source](https://nrsplus.com/blog/guide-to-point-of-sale-systems-with-examples/) Think of a Point of Sale (POS) system as a team of tools working together to help you run your store smoothly. Here’s what each member of the team does: * **Computer or Tablet:** The brains of the operation. It runs the software that makes everything work. * **Cash Register or Terminal:** Handles the money. It might have a cash drawer, a place to print receipts and a keypad for entering amounts. * **Barcode Scanner:** Makes checkout a breeze. It reads the barcodes on products to identify them quickly. * **Card Reader:** Takes care of credit and debit card payments. * **Receipt Printer:** Gives customers a record of their purchase. * **Touchscreen Monitor:** Lets employees use the system by simply touching the screen. * **Customer Display:** Shows customers what they’re buying and how much it costs. **2) Third-Party Integrations** Connect your software to other apps you might already be using in your business, like [Shopify](https://www.selecthub.com/p/ecommerce-platforms/shopify/) or [WooCommerce](https://www.selecthub.com/p/ecommerce-platforms/woocommerce/) for your [online store](https://www.selecthub.com/c/ecommerce-platforms/), PayPal or [Stripe](https://www.selecthub.com/p/pos-software/stripe/) for payments and [Salesforce](https://www.selecthub.com/p/crm-software/salesforce/) for customer management. This makes everything work together smoothly, so you can manage your accounting, sales and marketing all in one place. **3) Network Infrastructure** To work well, your POS system needs a few connections: * **Local Area Network (LAN):** This is like the network in your home, but for your store. It connects all the POS devices so they can talk to each other. * **Internet Connection:** This is your link to the online world. It’s needed for things like processing online payments and accessing your POS system remotely. * **Wireless Connectivity:** This lets you use wireless devices like tablets or phones with your POS system. It gives you more flexibility and makes it easier to move around your store while helping customers. **4) Data Storage and Security** Here are some storage and security tools that protect your data: * **Storage:** A POS system offers a company database to store transaction data, inventory information and customer records. * **Backups:** The system regularly makes copies of all the information, so you won’t lose anything if the computer crashes. * **Security:** Security measures such as multi-factor user authentication, data encryption and antivirus firewalls regulate access to sensitive information. [Get our POS Software Requirements Template](https://pmo.selecthub.com/pos-software-requirements-onsite/) ## Additional Features In addition to the features covered above, here are some more POS system features that help enhance business efficiency and improve the purchasing experience. ![POS System Additional Features]() ### Ecommerce You can show and manage your products online, keep track of your inventory in both your physical and online store, and sell products across different channels, all in one place. You can also track customer information, like their order history, how much they spend and what they like, to make smarter decisions about your business. ### Invoicing Modern POS systems do more than just ring up sales. They create clear receipts and invoices for customers, showing all the items, prices and taxes. You can even email invoices directly to customers. Invoicing tools are great for keeping track of everything: sales, orders, rentals, repairs, items on consignment, what you buy from suppliers and when you move stock between stores. They even help with watch and jewelry repairs and track the status of those repairs. If you have multiple stores, these tools track inventory transfers so you always know what’s in stock and can avoid missing out on sales. Cloud-based POS systems are extra handy. They store all your invoices, both customer and supplier invoices, in one place and record every sale. This means you can see all your invoices from anywhere, not just at the store, and easily keep track of sales, purchases, rentals, orders and any other invoices. ### Customizations Many platforms offer a range of customization tools to enhance the look and feel of your platform and align it with your brand’s unique identity. You can add your company logo, change fonts and append colorful templates to tailor the visual appearance of the platform interface. You can also customize receipts, payment methods, catalog items and more. Loris emphasizes the importance of customization in POS systems. ![Loris Petro]() Customization is key because no two businesses run the same way. A one-size-fits-all POS often can’t support unique workflows, manage inventory effectively or deliver the insights you need. Tailoring the system bridges those gaps, making operations smoother and improving both customer and employee experiences. For instance, if you need to integrate multiple sales channels, like physical stores and an online platform, customization lets you track inventory in real time. Without it, you risk overselling, restocking delays, or a disconnect between in-store and online availability. A customized system handles this complexity seamlessly, saving time and reducing errors. Loris Petro Marketing Manager, Kratom Earth ### Mobile App Many POS providers offer a mobile app to go along with their software. These apps usually work on popular devices like iPhones, Android phones and Windows tablets, and they let you complete important tasks right from your phone or tablet. You can take orders, process payments, check your inventory, manage customer info, see reports and more. Some apps even work offline, so you can keep doing business even if you don’t have internet access. ### Multi-Store Management If you have multiple stores or branches, you can manage everything, from inventory to sales and reports, all in one place. You can quickly move products between stores, see how each location is performing, try out different marketing tactics, personalize the customer experience and more. The system also has communication tools, so employees from different stores can chat and share information in real time. Plus, as your business grows, it’s easy to add new branches to the system. ### Accounting The software makes it easy to manage money and track finances. You can record all the details of your sales, like the date, time, items sold, amount and how people paid. It also helps you track sales and expenses, calculate taxes and categorize your spending. ### Integrated Supplier Purchasing Supplier orders help you keep track of what you need to order from your suppliers. When you’re running low on something, scan the product and tell your supplier how much you need. Integrated supplier purchases allow you to track purchases from suppliers and ensure you have the items you ordered. [Get our POS Software Requirements Template](https://pmo.selecthub.com/pos-software-requirements-onsite/) ## FAQs [What are the four types of POS?](#group%5F809) There are four main types of POS systems: mobile, tablet, cloud-based and legacy (older) systems. [Do POS systems use IoT?](#group%5F735) Yes, modern POS systems often use IoT (Internet of Things) technology. This means they have sensors that can track data, manage inventory and process transactions. [Can POS systems connect to WiFi?](#group%5F236) Yes, most POS systems can connect to Wi-Fi, which makes it easier to stay connected and access information from anywhere. [Which hardware devices are used in a POS system?](#group%5F916) POS systems use a variety of hardware devices, such as monitors, barcode scanners, cash registers, card readers and printers. [On which browser does a POS system work best?](#group%5F455) You can access your POS system using almost any web browser. Popular choices include Mozilla Firefox, Safari and Google Chrome. [Eliminate the Risks of Selecting the Wrong Software with SelectHub](https://www.selecthub.com/managed-selection-services/) ## Next Steps No matter what kind of business you run — a small grocery store, a restaurant chain, or even a salon — a POS system can be a game-changer. It’s like having a secret weapon to tackle your business’s unique challenges and adapt to its changing needs. A top-notch POS system makes your day-to-day work easier, helps your business run smoothly and boosts your profits. It’s the key to unlocking business success. Ready to take the next step? Download our free, customizable [POS requirements template](https://pmo.selecthub.com/pos-software-requirements-onsite/) to figure out precisely which features your business needs and how well leading products meet those needs. What POS system functions and features are you looking for to meet your business requirements? Tell us in the comments below. ### Trending Topics #### [POS](https://www.selecthub.com/category/pos/) [The 5 Best Restaurant POS Systems of 2026](https://www.selecthub.com/pos/restaurant-pos-system/) [Finding the best POS system for your restaurant needs can be as overwhelming as figuring… ](https://www.selecthub.com/pos/restaurant-pos-system/) [ ![Ishani Vats](https://www.selecthub.com/wp-content/uploads/2021/11/cropped-Ishani-Vats-Profile-96x96.png) Ishani Vats ](https://www.selecthub.com/author/ishani-vats/) Mar 04, 2026 #### [POS](https://www.selecthub.com/category/pos/) [What is a POS System? Ultimate Guide](https://www.selecthub.com/pos/pos-system/) [Running an efficient point-of-sale system (POS) is similar to running a manufacturing facility; you have… ](https://www.selecthub.com/pos/pos-system/) [ ![Khaleel Hayes](https://www.selecthub.com/wp-content/uploads/2020/07/Khaleel-96x96.jpg) Khaleel Hayes ](https://www.selecthub.com/author/khaleel-hayes/) Mar 03, 2026 Originally published in January 2022 and last updated in March 2026\. Contributions from Ishani Vats, Shantashree Das, Kankana Kalita, Dianna Dragonetti, and Loris Petro. ## About the Contributors The following SelectHub team members and subject matter experts helped research, create, and review this content. [ ](https://www.selecthub.com/author/ishani-vats/) Written by [Ishani Vats](https://www.selecthub.com/author/ishani-vats/) Technical Content Writer Ishani is a Technical Content Writer at SelectHub who covers LMS, workforce management, telemedicine and POS. She holds a master’s degree in Journalism and is passionate about translating complex technical concepts into engaging and accessible content for readers. Along with keeping the professional spirit hydrated, she likes petting dogs, looking up random facts and listening to any Lumineers song on repeat. [See Full Bio](https://www.selecthub.com/author/ishani-vats/) [ ](https://www.selecthub.com/author/shantashree-das/) Technical Research by [Shantashree Das](https://www.selecthub.com/author/shantashree-das/) Senior Analyst Hailing from the Northeastern state of Assam, India, Shantashree Das completed her Bachelor of Engineering (B.E) in Computer Science and Engineering at the Royal School of Engineering and Technology (now Royal Global University) in Guwahati. She then pursued her Master of Business Administration (MBA) in Operations Management and Marketing at Assam University, India, where she developed a strong interest in ERP. Over the course of her career at SelectHub, Shantashree has gained specialties in various ERP and construction software categories, such as Manufacturing Software, CMMS Software, Construction ERP Software, Warehouse Management Software, Supply Chain Management Software, Distribution Software, Field Service Software, Takeoff Software, Construction Bidding Software, Construction Estimating Software, Construction Management Software, Construction Scheduling Software, and Property Management Software. [See Full Bio](https://www.selecthub.com/author/shantashree-das/) [ ](https://www.selecthub.com/author/kankana-kalita/) Technical Research by [Kankana Kalita](https://www.selecthub.com/author/kankana-kalita/) Principal Analyst A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics. [See Full Bio](https://www.selecthub.com/author/kankana-kalita/) [ ](https://www.selecthub.com/author/dianna-dragonetti/) Edited by [Dianna Dragonetti](https://www.selecthub.com/author/dianna-dragonetti/) Content Editor As an editor, Dianna Dragonetti leads a team of five writers in writing about a variety of software, with an emphasis on how these tools empower businesses. Categories include accounting, learning management systems, content management systems, supply chain management, and electronic data interchange. [See Full Bio](https://www.selecthub.com/author/dianna-dragonetti/) [ ](https://www.selecthub.com/author/loris-petro/) Contributions by [Loris Petro](https://www.selecthub.com/author/loris-petro/) Expert User Loris Petro is the Marketing Manager of Kratom Earth, where he leads innovative digital marketing campaigns to strengthen the brand’s presence. With a Bachelor’s degree in Business and IT from the Canadian Institute of Technology, Loris brings a wealth of expertise in performance marketing, social media strategy and brand development. [See Full Bio](https://www.selecthub.com/author/loris-petro/) Khaleel HayesWhat is a POS System? Ultimate Guide * ‹ * › ### Conversation ![Avatar](https://secure.gravatar.com/avatar/281d3616cf761f3582c0d76c23517846?s=32&d=mm&r=g) Write a response [Cancel reply](https://www.selecthub.com/pos/pos-system-features/#respond) Your message Your name \* Your email \* Website Save my name, email, and website in this browser for the next time I comment. **Tier 1:** Fully/moderately supported out-of-the-box allowing for quick and easy deployment. Fully or moderately supported out-of-the-box with industry-leading capabilities and is immediately available after installation without needing any add-ons, integrations, or custom development. **Tier 2:** Supported with workarounds or add-ons that may require additional costs. Not directly available in the software, but can be accomplished using other built-in features, workarounds, or add-ons/products from the vendor with or without any additional cost. **Tier 3:** Requires partner integrations or custom development that is often at an additional cost. Requires additional integrations, plugins, marketplace applications from a third-party vendor, or custom development using the APIs, libraries, extensions, and development framework supported by the software, with or without any additional cost. 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