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.
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.
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.
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.
Detailed Toast POS Review
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.
Detailed Revel Systems POS Review
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.
Detailed Lightspeed Retail Review
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.
Detailed Sapaad Review
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.
Detailed CAKE Review
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.
Detailed Cova Review
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.
Detailed TouchBistro Review
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
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.
Detailed Upserve Review
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.
Detailed ShopKeep Review
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
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
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
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
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
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
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
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
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
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
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.
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