Point of sale (POS), a critical piece of a point of purchase, refers to the place where a customer executes the payment for goods or services and where sales taxes may become payable. It can be in a physical store, where POS terminals and systems are used to process card payments or a virtual sales point such as a computer or mobile electronic device.
What Is a Restaurant POS Software?
A restaurant POS software is a point of sale system that processes the transactions that happen at a restaurant. Initially, a traditional point of sale was just a restaurant billing software that accepted orders and generated a receipt. However, with the advent of cloud technology, the humble POS system evolved to become a complete restaurant management system. Armed with Stock & Inventory Management, Smart Reporting & Analytics, Customer Relationship Management and more, a restaurant POS reduces manual labor and simplifies operations. Add to this integrations with the various third-party applications such as Online Ordering, E-wallets, Table Reservations, Loyalty Programs, etc., and the restaurant POS machine becomes an end-to-end solution for restaurant management.
The cloud-based restaurant POS software works both online and offline; hence even if your internet is not working, your POS will ensure that your restaurant operations never stop.