Business tools like the retail POS system are a must-have in every business.
It has been there forever.
But have you ever wondered how retail POS systems came to be?
POS systems have come a long way since the 1800s.
It has gone through significant changes that are quite similar to other types of technology from the most simple to the complex ones today, that are now more systematic and seamless mobile solutions.
How It Came To Be
The so-called ‘father’ of the first cash register is Mr. James Ritty, hailing from Daytona, Ohio.
Ritty was an entrepreneur dealing with pure whiskies, fine wine and cigars.
He was doing well with his business but realized that there wasn’t much money coming in.
He later on found out that he was being cheated upon by some of his employees.
So in 1879, Mr. Ritty invented a device that he made to keep track of his business.
He named it after him.
Hence the name, “Ritty’s Incorruptible Cashier.”
To protect his invention knowing that it has proven beneficial to his business, he patented it and later sold it to salesman Jacob H. Eckert who was the founding official of the National Manufacturing Company (NMC).
Eckert, on the other hand, sold his company to a retail coal shop owner, John H. Patterson including the rights of “Ritty’s Incorruptible Cashier.”
And the rest is history.
Patterson’s company was renamed National Cash Register (NCR) and has since evolved to be a technological company known to provide several professional services and electronic products worldwide and the cash register has developed into a staple in retail business.
But much has transpired since then and cash registers have been overtaken by digital innovations and have changed the way people make and receive payments.
Cash registers are now a technology of the past and business owners now focus on technologies that offer greater flexibility and control.
Similarly, the days of basic POS systems are gone and they are now continually morphing.
Other growing businesses demand features that did not exist 20 years ago.
The Birth and Evolution of the Retail POS
The change is real as traditional POS systems remain to be a thing of the past and the clamor for an integrated retail POS that offers other functionalities is persisting.
It can be described similarly like a movie-making team of experts working behind the scenes to make sure that everything is showing quickly and efficiently as directed and planned.
With the evolution of the retail POS it can now track sales, inventory, cash flow, and many more.
The retail POS systems today have developed into the most sophisticated, powerful, and user-friendly system.
It can perform not only the basic tasks but are now integrated with accounting and can now produce the financial reports, inventory tracking & management, customer relation management (CRM), service management, operation reporting, and for some payroll management.
From the traditional and bulky consoles, retail stores now enjoy a wide variety, especially those with thin and sleek mobile phone devices that enhance customer experience.
The new retail POS allows business owners to have easy access to strategic management tools in a centralized dashboard.
There is more convenience and they no longer have to go through the hassle of running reports on multiple systems.
For small to medium-size business owners, they now have a much affordable access to powerful data right at their fingertips.
Because of the power of the internet there are other features that have been possible like online ordering, loyalty programs, rewards systems and for others, cloud based POS systems .
From among the most notable and helpful qualities of the retail POS system, ability to collect information from recorded transactions is the most beneficial.
This is a crucial consideration in making smarter and more strategic business decisions.
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).
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By: EJ Gutierrez Running and managing a restaurant is, undoubtedly, one of the most daunting tasks to handle in the business industry. With its fast-paced day-to-day operations, constantly changing needs and demands, and competing with other businesses, restaurant management can often feel like you’re juggling multiple critical tasks all at once. Picture this: you monitor [...]
By: N Tacatani Introduction Effective inventory management is crucial for the success of any retail or hospitality business. EasyPOS, a versatile and user-friendly point-of-sale system, offers a comprehensive set of tools designed to simplify inventory tracking and management. Here are some tips and best practices for using EasyPOS to keep your stock organized and up-to-date. [...]
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Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!