retailciooutlook

Top 10 POS Solution Providers - 2018

Constantly evolving technologies and fundamental shifts in consumer behavior, together with the rapidly changing regulatory landscape, propel the payment ecosystem toward transformation. Businesses are increasingly adopting point of sale (POS) system for the range of benefits it provides, such as linking of product codes and selling prices of articles, implementing discounts, customer loyalty schemes and efficient stock control. POS software not only simplifies the checkout process but also tracks the inventory effectively and enables businesses with a streamlined channel for connecting with suppliers. As POS companies grow, they find additional ways of generating revenue, augmented by the selling of add-ons like loyalty points.

The wider implementation of the internet of things (IoT) facilitates changes like automated inventory management and omnichannel marketing campaigns for increasingly personalized experiences to consumers. With the progression in shopping habits, the popularity of in-app and one-click ordering shows a significant increase. Besides, mobile POS solutions are promoting cashless transactions and encouraging the usage of plastic money, which is becoming not only simpler but also more secure. The increasing integration of POS solutions with eCommerce platforms has only encouraged this trend. As customers prefer the use of cashless technology, data security is expected to become a growing concern. Credit card security has posed an apprehension, with insecure remote access being the greatest cause of card breaches. While presenting opportune moments such as the demand for safer data, faster payments, intuitive and interactive user experience, POS software comes along with a fair set of challenges that involves choosing the right solutions and implementing it accurately to derive maximum benefits. A larger-than-life industry advantage can be attained once these issues are successfully addressed.

To aid CTOs, CIOs, and CEOs in this regard, a distinguished selection panel comprising of CEOs, CIOs, VCs, industry analysts, and the Retail CIO Outlook’s editorial board has selected a list of POS Solution Providers that exhibit innovative technologies combined with latest financial strategies. We present to you Retail.

Company Logo Company Name Company Description
Blispay Offers an effective financing tool that helps merchants drive incremental sales, operating over the VISA payment network, without any technical integration
Cegid Cegid provides private companies and the public sector with performance-enhancing cloud management solutions
erply Develops cloud-based point of sale and inventory management software for retailers
Meritage Technologies Migrating the POS curve through end-to-end consulting services for cloud-based, legacy, or hybrid software deployment
Omnico Omnico offers cloud-based, multi-channel POS and smart customer engagement solutions across the destination, hospitality and retail sectors
PAR Technology Corporation Offers technology solutions for the full spectrum of restaurant operations
shopify Seamless integration makes it easy to sell your products and accept payments on any device while automatically updating your inventory, orders, and customer data
squareup Develops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide
Talech Provides merchants with a powerful yet easy to use point of sale software with rich analytics and deep insights
TCPOS Provides extensible and future-proof POS solution to the retail and hospitality industry, enabling merchants to have autonomy and control to execute their digital transformation business strategies