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List of Top 20 POS Software Companies in 2020

Category: B2B News
What is the best POS software company?
The best POS software company is Toast, Inc., a restaurant software developer based in Boston, Massachusetts. It developed Toast POS, a point-of-sale solution designed to assist managers, staff, and guests in the food and beverage industry, which has grown to become one of the most popular POS systems today.

Are you looking for a POS software company that matches your business requirements? Whether you’re a first-timer in POS systems or an existing user who’s looking for a new POS solution, narrowing down your choices can be daunting with the plethora of options available today.

Since your point-of-sale process is the central component of your business, choosing the right POS software is just as important as selecting a product for a successful implementation. In this article, we listed the leading POS software companies for all types of users in any industry, business size, and budget.

leading POS software companies

Various companies have emerged, along with new technologies and business models to provide solutions for running your business. In addition to choosing a product, looking at the peripherals of vendors is just as crucial. Our POS statistics article reveals other important factors to consider in choosing the right system. These include user personalization capabilities and mobile support, to name a few.

A report by Statista indicates that the global POS terminals market software size is predicted to climb to $2.75 billion by 2025, as shown in the chart below. Factors that are likely to drive this significant market growth include the rising demand for mobile POS terminals and inexpensive wireless technologies.

Source: Statista

In the US hospitality POS market, there are big players labeled as the four horsemen: Heartland, Lighthouse Network, Micros, and NCR. Out of 620,000 restaurants in the US, almost half have deployed these systems. Heartland is used by an estimated 100,000 restaurants, while Lighthouse Network is used by 110,000 restaurants, according to Reforming Retail. Heartland, meanwhile, holds approximately 18% of the entire restaurant market share as per Business Wire. Meanwhile, Micros and NCR are used by around 75,000 restaurants in the US.

However, these POS systems are not the only options available. There’s an array of POS software companies offering products with robust features at cost-effective price points. A good example is the top 3 most popular POS software. Additionally, these POS solutions don’t require complex infrastructure and setup processes. Hence, they are more suitable for small and medium-sized businesses. With that, here’s our list of POS software companies to check out.

1. Toast POS

Toast POS dashboard

Toast POS is developed by Toast, Inc., a cloud-based restaurant software company based in Boston, Massachusetts. Created for US-based businesses, the software was launched in 2012 until it grew to become one of the most popular POS systems built for restaurant operations today. This software is designed for assisting guests, staff, and managers in the food and beverage industry.

Users can access the mobile POS system anywhere and at any time, as long as there’s an internet connection. The key facets of managing guest experience are accomplished in a single platform, which allows you to focus on attending to your guests. The system also integrates online ordering, labor and sales reporting, and gift card and loyalty programs. You may sign up for Toast POS free demo to determine if the software matches your workflows.

Toast POS

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Try out Toast POS with their free demo

Why should you choose Toast POS?

  1. POS hardware for restaurants. Choose from a wide array of devices based on your restaurant needs. Select from a combination of bundles for 10-inch, 15-inch, and 22-inch terminals, built-in card reader, receipt printer, cash drawer, port switch, and Toast Go (pay-at-the-table functionality), among others.
  2. User-friendly interface. Customize your workflow and menu look with ease. You can also enable employee permissions by role or individual user, select a schedule when a specific menu is available, and route items to each prep station.
  3. Real-time sync. Using your tablet devices, updating the system is done in real-time. This includes adding an item to the menu, marking an out-of-stock item, and modifying the layout of menu buttons.
  4. Self-service functionality. To expedite turning tables, your customers can use Toast tablets for ordering and paying at their table. They can even rate their customer experience and access their loyalty program profile directly from the platform.

Detailed Toast POS Review

2. Revel Systems POS

Revel Systems POS dashboard

From Revel Systems, Inc. comes an intuitive iPad-based point-of-sale solution for merchants of all sizes, Revel Systems POS. It’s equipped with all the functions necessary for making businesses’ day-to-day operations easier and more efficient. The POS system is paired with other tools such as employee, inventory, and sales management. It also provides helpful insights through its reporting and analytics features. This ensures that you know which items to stock the most and which are gathering dust in the corner shelf.

You can use all the features for free for a period of time to see if the software matches your needs.

Revel Systems POS

Revel Systems POS

Try out Revel Systems POS with their free trial

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Why should you choose Revel Systems POS?

  1. Robust inventory management. The system allows you to control every aspect of your item in your inventory, such as name, image, price, ingredients, and others. All items are also tracked in real-time.
  2. iPad exclusive. Revel only runs on iPad to ensure that you get the maximum security and functionality befitting your business.
  3. Hardware integrations. The Revel Systems POS can seamlessly connect with mobile printers and high-quality payment devices. There are also sleek stands that can comfortably hold your iPad.

Detailed Revel Systems POS Review

3. Lightspeed Retail

Lightspeed Retail dashboard

Lightspeed is an ecommerce and point-of-sale software provider. Its headquarters are located in Montreal, Quebec, Canada. It has four main products: Lightspeed Retail POS, Lightspeed eCommerce, Lightspeed Restaurant POS, and Lightspeed OnSite. With these, users can choose a cloud-based solution with features that are geared towards their specific business needs according to their industry. For this brief overview, we’ll focus on Lightspeed Retail.

Lightspeed Retail

Lightspeed Retail

Try out Lightspeed Retail with their free trial

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Why should you choose Lightspeed Retail?

  1. Complete inventory management. The product shines in its inventory management system, which makes it suitable for businesses that handle a massive product inventory.
  2. Built for retail stores. Since this particular product is industry-specific, it offers solutions for businesses such as electronics, home decor, jewelry, pets, sports, and apparel, among others.
  3. Work order management. It has an efficient work order management feature for creating work or repair orders, tracking the repair progress, and printing the service labels and claim vouchers. They also added a feature where you can add photos to the work order.

Detailed Lightspeed Retail Review

4. Sapaad

Sapaad dashboard

Sapaad was developed by an industry-leading POS provider with a similar name. It’s a point-of-sale system that’s designed to allow you to quickly and efficiently serve customers of any type – dine-in, walk-in, home delivery, or take-away. While robust, its design is centered on ease and convenience, no matter the device it’s used in. The system is also adaptable to various business scenarios, making it a one-size-fits-all solution, regardless of the size of the business, the country it’s in, or the cuisine it specializes in.

Sapaad

Sapaad

Try out Sapaad with their free trial

VISIT WEBSITE

Why should you choose Sapaad?

  1. Your customers will appreciate how you can easily adapt to their taste since the system easily allows you to add various preferences, such as “extra spicy.”
  2. Cost-efficient. Sapaad has a very scalable pay-as-you-go pricing model that would certainly suit your budget. There are no hidden fees or setup costs, either.
  3. Multi-branches. The system grows with your business with just a click of a button. You can easily add new branches or franchises without having to scale your infrastructure. All of them can be managed under one administration as well.

Detailed Sapaad Review

5. CAKE

CAKE dashboard

CAKE is an intuitive and cost-friendly POS solution from Sysco, designed to help restaurants simplify their operation using features like customized workflows and table adjustments. It has an intuitive touch screen that allows users to master the platform in minutes. Furthermore, it is cloud-based and works on all devices, so you have a robust POS solution that’s accessible anytime and anywhere.

Why should you choose CAKE?

  1. Robust hardware. The software comes with a flush, bevel-level screen, which makes it spill, dust, and crumb proof. It is also built with a 32GB solid-state hard, eliminating the need for a fan that can suck in gunk. It’s durable enough to be used in demanding restaurant environments.
  2. Short learning curve. CAKE has a simple interface, and its functionalities are self-explanatory and clearly labeled — no need for months of training.
  3. Cake Guest Manager integration. CAKE POS’ integration with CAKE Guest Management can help you run your dining room seamlessly. With this integration, you will know when a table has been seated, when a check is printed, and confirm whether or not payment has been accepted.

Detailed CAKE Review

6. Cova

Cova dashboard

Cova is a cannabis dispensary POS system developed by COVA for businesses in the cannabis industry. It offers everything your business may need to become more efficient and make more sales. Also, it has tools for ensuring that your company adheres to existing rules and regulations, generating compliant reports, and more. Hence, you can focus on growing your business without having to worry about costly legal repercussions.

Cova

Cova

Try out Cova with their free trial

VISIT WEBSITE

Why should you choose Cova?

  1. Designed for Cannabis Dispensary. Cova is tailored to handle the very specific and special needs of cannabis dispensaries.
  2. Works offline. With Cova’s offline mode feature, you can keep your customer lines moving even when there’s no internet connection. Thus, your customers won’t have to wait or leave your retail store empty-handed.
  3. Ensure compliance. With purchase limits alerting, age verification scanner, and hours of operation compliance tools, you can avoid breaking the rules or at least making operational missteps that could cost you your business license.

Detailed Cova Review

7. TouchBistro

TouchBistro dashboard

Developed by the Toronto-based software company TouchBistro, Inc., TouchBistro is an iPad-based restaurant POS system for managing restaurant processes even without an internet connection. Its main features include order taking, quick service support, payment processing, and floor plan, and table management.

Furthermore, it offers support for full-service restaurants. That means it also handles CRM and restaurant inventory, staff scheduling and management, and reporting and analytics.

TouchBistro

TouchBistro

Try out TouchBistro with their free trial

VISIT WEBSITE

Why should you choose TouchBistro?

  1. Hybrid solution. It offers both cloud and local connections. The former enables you to access the system from any location while the latter eliminates the risk of the system crashing when your internet connection is out.
  2. Industry-specific solution. Since it’s built specifically for restaurants, it offers features such as take-out and delivery handling, bill splitting, and customizable menu modifiers.
  3. Flexible monthly plans. Plans are full-featured, and you only pay based on the number of licenses you’ll use.

Detailed TouchBistro Review

8. Vend

Vend dashboard

Vend company is founded in 2010 with headquarters in Auckland, New Zealand. It offers a POS solution for retail management in the cloud. Its product, Vend, handles all your customer transactions—from processing payments to updating your inventory. Hence, all laborious retail tasks are streamlined, so users can focus their time and energy on running their business and taking care of their customers.

Detailed Vend Review

Why should you choose Vend?

  1. Hybrid solution. It is available online, in-store, and in mobile for an overall retail solution. It also continues to work even when offline and syncs data when the internet connection is restored.
  2. Partner integrations. Connect with popular retail tools with the open platform or develop custom extensions on its API. It has deep integrations with Apple, Shopify, Square, and Xero.
  3. Simple, advanced tools. The system works on iPad, Mac, and PC. It is also fast and intuitive for any type of user.

9. Upserve

Upserve dashboard

Developed by a US-based software company of the same name, Upserve is an all-in-one solution to help run and grow restaurants. It’s a combination of different functions under one platform. Aside from being a POS software, it can also handle payment, inventory, reservations, reports, and more. Thus, with Upserve at your side, you are treated to a tool that lets you manage costs, improve guest retention, and increase your sales, all of which ultimately lead to an increase in profits.

Why should you choose Upserve?

  1. Easy splitting of payments. Upserve is capable of quickly merging, transferring, and splitting checks, be it through card and cash payments. The POS software will automatically calculate everything you need for this type of situation.
  2. Training tool. The software has a feature called training mode, which your new hires can use to train and familiarize themselves with the system without disrupting your business operation.
  3. Multi-location Management. Upserve is ideal for managing restaurants in different places. It allows operation managers to easily communicate with a group of general managers.

Detailed Upserve Review

10. ShopKeep

ShopKeep dashboard

Headquartered in New York, ShopKeep is a private company known for its cloud-based iPad POS system of the same name. It was founded in 2008. The system is intuitive, easy to use, and effective in transferring your traditional cash registers processes into modern iPads. It’s also flexible to any business type, such as retail, restaurants, quick-service, clothing, coffee shops, food trucks, and bars.

ShopKeep

ShopKeep

Try out ShopKeep with their free trial

VISIT WEBSITE

Why should you choose ShopKeep?

  1. User-friendly interface. With its modern design, even non-tech savvy users can easily adapt to the system and learn from basic training. Its features are geared towards SMBs for both newcomers and long-time owners.
  2. Back-office functionality. The back-office features are robust with a total inventory that can handle up to 10,000 items, transaction records, reporting tools, and employee and customer management.
  3. SMB-friendly pricing. While pricing is only available upon request, its price range is suitable for SMBs, especially when considering the package’s inclusions, such as unlimited users and inventory items, support, and intuitive register.

Detailed ShopKeep Review

11. Square

Square dashboard

Square is a POS software developed by Square, Inc. The company, based in San Francisco, California, offers financial services, mobile payment services, and merchant service aggregator. Its point-of-sale service aims to replace traditional cash registers and credit card terminals with a modern system.

The software takes care of processing payments (via cash, cards, and gift cards), swiping cards even without an internet connection, providing digital and printed receipts, handling real-time inventory management, and creating sales reporting and analytics. It also offers hardware and software specifically for your business need. The best way to know whether it suits your needs is by testing the software.

Detailed Square Review

Why should you choose Square?

  1. Available in two operating systems. Get more flexibility in choosing your operating system as it’s available on both Android and Apple.
  2. Works with any business type and size. It’s built for SMBs and enterprises. While it specializes in retail, it also caters to other industries, such as food and beverage, bakeries, coffee shops, restaurants, professional services, and health and fitness, among others.
  3. Pay per transaction. The Square software is available for free, and you only pay every time you make a credit card processing. You can also add Square for Retail for advanced tools starting from $60/month/location. Hardware such as a register, stand, and a reader are also available at reasonable prices.

12. Poster POS

Poster POS dashboard

Poster POS is founded in 2013 by the US-based company of the same name. It’s a point-of-sale and inventory management tool developed for stores, restaurants, and cafes. This cloud-based solution lets you manage your business from anywhere in the world using its fully-functional back-office tool. It also offers a quick setup that only takes about 5 minutes, without additional training required.

Detailed Poster POS Review

Why should you choose Poster POS?

  1. Compatible with any device. You can use the system on any device, whether it’s iPad and Android tablets or Windows, Linux, and macOS desktops.
  2. Available offline. The system continues taking orders and printing receipts during temporary loss of internet connection and then syncs it to the cloud when the connection is restored.
  3. Affordable pricing. Starting at $19/month, it offers one of the most affordable subscription plans for POS systems. As for the basic equipment setup, pricing starts at $500.

13. Miva Merchant

Miva Merchant dashboard

Miva, Inc. is an ecommerce shopping cart software that’s headquartered in San Diego, California. The company first released its catalog-based ecommerce product called KoolKat, which was renamed and now known as Miva Merchant. The platform is loaded with built-in features for storefront, checkout, and admin processes. Due to its advanced features, it has a moderate learning curve and suits large businesses better.

Detailed Miva Merchant Review

Why should you choose Miva Merchant?

  1. ecommerce integrations. It integrates with plenty of ecommerce services such as Shipwire, MailChimp, and CloudFlare. The setup process with its partners is fast and easy.
  2. Consistent updates. The platform is regularly updated to resolve previous bugs and introduce new features.
  3. Customizable interface. The product is packed with features to let you customize the system according to your needs, including complex operations. It also has multiple design editors where you can save your own template.

14. Clover

Clover dashboard

Clover was launched in 2012 by Clover Network as a cloud-based Android point-of-sale platform. The company is headquartered in Sunnyvale, California. It was acquired by First Data Corporation, a global leader in the credit card processing industry, which means it’s locked into the large processor. The software is praised for its ease of setup process and aesthetic appeal.

Detailed Clover Review

Why should you choose Clover?

  1. Robust app store and integrations. The App Marketplace is wide. Hence, you can adapt it to any industry and use it to handle any business process you have.
  2. Various products. It has various products to choose from based on what you need—Clover Station (all-in-one POS solution), Clover Mini (for EMV chip and NFC payments), Clover Mobile (portable POS), Clover Flex (for countertops, in the aisle, or on-the-go) and Clover Go (smartphone-ready system).
  3. Short learning curve. Employees only need short training as the product has functionalities that are clearly labeled and self-explanatory. All of its hardware also works seamlessly, which reduces guesswork when connecting them.

15. QuickBooks POS

QuickBooks POS dashboard

QuickBooks POS is developed and marketed by Intuit Inc., a business and financial software company. Headquartered in Mountain View, California, the company was founded in 1983 as a financial service geared towards small business owners. QuickBooks accounting software is robust, and integrating it with QuickBooks POS streamlines your point-of-sale and accounting processes.

Detailed QuickBooks POS Review

Why should you choose QuickBooks POS?

  1. Plenty of integrations. The product integrates with plenty of third-party apps such as Shopify, PayPal, Square, Insightly, and Constant Contact, among others.
  2. QuickBooks integration. Since QuickBooks is one of the most popular accounting software solutions around, users who are using it can seamlessly integrate it with the POS system. This is a feature favored by medium and large companies.
  3. Receipt customization. Completely customize your receipts like sales screens and item lists. It also saves receipts when the internet connection is down.

16. FastSpring

FastSpring dashboard

FastSpring is a Santa Barbara-based SaaS company founded in 2005. Its ecommerce platform is focused on providing an enterprise-level solution for selling products and implementing shopping carts for your digital business. It processes subscriptions and purchases across various platforms ranging from web, mobile, and in-app.

Detailed FastSpring Review

Why should you choose FastSpring?

  1. Back-office management. It takes back-office operations away from your hands as the system handles online payments, payment processing, billing, VAT filing, and sales tax.
  2. Omnichannel solution. Customer experience is tailored both in-app through the app store and on your website via an online marketplace.
  3. Plenty of integrations. The product integrates with multiple solutions, ranging from affiliate marketing, email marketing, paid search, reporting and analytics, conversion optimization, CRM, licensing and DRM, and site builders.

17. Salesforce Commerce Cloud

Salesforce Commerce Cloud dashboard

Salesforce Commerce Cloud is only one of the many CRM products offered by Salesforce.com, Inc. It’s a cloud computing company based in San Francisco, California, where it was founded in 1999. The tech giant’s POS product is built to deliver a seamless and personalized shopping experience for your customers across various channels like social, digital, mobile, and store. It brings a unified experience to mobile POS, digital commerce, and store operations.

Detailed Salesforce Commerce Cloud Review

Why should you choose Salesforce Commerce Cloud?

  1. Salesforce integration. It has a deep integration with one of the top CRM products, which optimizes your customer service, marketing, and POS management.
  2. Einstein’s AI capabilities. Personalization is robust with the product’s Einstein AI capabilities that enable personalized shopping experience, automation of tasks, and extraction of merchandising insights. This is achieved even without a data scientist.
  3. Various products. The product suite offers various solutions catered to your needs, such as order management, in-store, and B2B ecommerce, among others.

18. Shopify POS

Shopify POS dashboard

Shopify is a Canadian ecommerce company that made its name due to its robust ecommerce platform and retail POS systems. It was founded in 2004 and is headquartered in Ottawa, Ontario. It is known as one of the most popular and major players in the ecommerce industry. Similar to its parent software, Shopify POS is an intuitive platform built solely for retail businesses.

Detailed Shopify POS Review

Why should you choose Shopify POS?

  1. Ease of use. Navigating the system is simple, and you can easily walk yourself around its front- and back-end features. It’s appealing for organizations with limited time and knowledge for training.
  2. Plenty of compatible credit card processors. You get a wide array of choices when it comes to choosing a payment gateway. You can use its in-house merchant services processor. You also have the option of choosing another merchant for payment processing.
  3. Affordability. It can be used as an add-on to your Shopify account or as a standalone solution with economical pricing. The subscription plans are scalable, and they are based on the features your business needs.

19. Erply

Erply dashboard

Erply was developed by an enterprise software company in Estonia in 2009. The product is focused on point-of-sale and inventory management for the retail industry. This cloud-based iPad-oriented software handles multi-store operations. Overall, it’s an easy-to-use solution for one-store SMBs and large corporate-run retail chains.

Detailed Erply Review

Why should you choose Erply?

  1. Cloud POS with offline mode. Using best-in-breed technology, you can use the system with the benefits of cloud technology without fear of disruption in internet connection.
  2. Open API. It provides its own set of APIs for users to integrate with any program they need for their business. This allows centralized management for crucial business processes.
  3. Minimum hardware requirements. With the system’s compatibility with most hardware (iPads, tablets, desktops, laptops, and traditional touchscreen terminals, among others), you get to keep your existing hardware and avoid the costs of purchasing new ones.

20. Cegid

Cegid dashboard

Cegid Group is a software company founded in 1983. Its POS product, Cegid, is a cloud-based retail software built for fashion, luxury, beauty, and specialty retailers. With fashion as its specialty, it’s used by cosmetic shops and luxury apparel retailers worldwide. This omnicommerce solution is suitable for high-end retailers.

Detailed Cegid Review

Why should you choose Cegid?

  1. Omnicommerce solution. It enables customers to shop virtually anywhere. It also streamlines store-to-store and store-to-supplier purchases as well as home delivery.
  2. Loyalty program. The product has attractive loyalty program features where your staff can easily review points and access the purchase history of your customers. The system stores your customer’s points, discounts, and rewards for easy retrieval.
  3. Integrations and API. In addition to its full API, you can integrate the system with various apps for ERP, finance, ecommerce, marketing, and traffic counting, among others.

If Still in Doubt, Try the Top POS Companies First

There you go, our 20 POS companies to consider when looking for a good point of sale solution. If you’re still undecided after reading the article, you won’t go wrong with trying our top pick, Toast POS. It’s a comprehensive restaurant management tool that also comes out on top in other POS list for different types of businesses such as this list of best POS systems for restaurants. The vendor offers a comprehensive free trial to get you up to speed with the features.

Our top product is a cost-effective solution as well and will help you gain more profit in the long run. However, if your budget is quite constrained at the moment, you can then try looking at our list of Toast POS alternatives. This shortlist is comprised of similar competitive products but with somewhat more affordable pricing.

Also, if you want to read more articles to reinforce your selection process, learning about POS trends is a good place to start. There you’ll gain more information regarding the advantages of AI integration, how payment processing affects business and more.

Nestor Gilbert

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

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