Selecting The Right EPoS System
Businesses with high customer levels and those which sell a large number of goods will benefit from an EPoS system. The size of the business will determine the scale of the EPoS solution necessary, those very small businesses may not need to use such advanced technology.
Stand-alone EPoS systems
The average cost is around £5,000. You will get an EPoS terminal, printer and networked back office for your money. Solutions like this often have XML or EDI links for connecting with your website or back-office systems, making it easy for online businesses to connect with their physical stores. This would also benefit companies with more than one retail shop, for example.
Software-based solutions
Your existing PC system might be able to run an EPOS application from it already, and the software costs around £350. Additional technology like a printer, credit card reader, Point of Sale keyboard, monitor, cash drawer and customer display is increasingly available in plug and play structure.
EPoS/Accounting systems
You can get a system with accounting packages on for £500. If you need to boost your back office system you can also add on electronic funds transfer software and label printing for example. This can be a cheaper and more flexible way to buying EPoS software although your supplier will need to consult you on all of the modules and extras you will require.
Contract out EPoS to a third party specialist
The UK has not had this option for very long. You can rent software from an Application service Provider (ASP) who will secure your link through the internet and help you manage the system. The ASP can host and incorporate your EDI system and resolve any technical issues. You will need to have a secure broadband connection to run EPoS this way.
Customised EPOS solutions
Consultants and software experts can tailor-make and design an EPOS solution and integrate it with existing hardware and software and also your web site. It will however cost you in excess of £10,000 as you are paying for labour and software but this price will change depending on your personal needs. For very large corporations like hotel chains and national shops, this is the best EPoS system.
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