We’ve come a long way since 1879 and the invention of the cash register. Today, point-of-sale (POS) solutions offer massive benefits to businesses who take advantage of their capabilities. Let’s go over how these capabilities can help the modern business and its owner. Defining the Point-of-Sale System As the system that’s in place at the point where a sale takes place, a point-of-sale system has a pretty accurate name. The basic concept behind these devices is to minimize human error in as many ways possible, as productivity is simultaneously maximized at the final transaction. This once meant that a POS system was effectively a cash drawer with a calculator tacked on, but today, there are many more features available to a business. For instance: BIG DATA METRICS AND INSIGHTS “How many of this tchotchke have we sold this year? When did we sell most of them?” Modern POS systems can provide a business with precisely that kind of data, assisting them by delivering insights and simp...