EPOS (Electronic Point of Sale)

Electronic Point of Sale (EPOS) refers to a computerised POS system that combines hardware and software to handle sales transactions, process payments, and manage business operations in real time.

An EPOS system typically integrates with card terminals, inventory management, accounting tools, and customer databases, providing a central hub for business and payment activity. It’s more advanced than a traditional till, offering analytics, reporting, and cloud connectivity.

Example:

A retail store uses a Lightspeed EPOS system with barcode scanners, receipt printers, and card terminals. It tracks stock levels, records sales automatically, and syncs daily reports to the company’s accounting software.

Used in:

Retail, hospitality, and service industries for efficient sales management, reporting, and payment processing.