What is Mobile POS?

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MOBILE POS
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A Mobile point of sale (mPOS) is a smartphone,
tablet or a wireless device which performs the
same functions as that of an electronic point of
sale terminal. With the aim of enhancing user
experience and keeping pace with the rapid of
smartphones, retailers are increasingly adopting
mobile POS solutions. Any smartphone can be
converted into an mPOS with an application that
needs to be downloaded. When the owner registers
the application, the vendor provides a card
reader that plugs in to the mobile device. Some
software vendors also provide optional docking
stations called sleds that allow the mobile
device to read barcodes as also to print receipts.
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Features of mPOS system

• Depending on the software used, a mPOS can
  operate as a stand-alone device or an integrated
  component of a larger POS system. To protect
  consumer interests, customer data is stored in
  the cloud and not on the device. The features of
  mPOS system are as follows-
• Acceptance of payments
• Issuance of invoice
• Managing inventory
• Multi location support
• Creating customer data base
• Scan bar codes
• Integration with ERP systems
• E mail marketing
• Analytics

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The foremost advantage that accrues from a mPOS
system is that it improves customer satisfaction
in more ways than one. From speed of billing to
doing sales in any part of your physical store or
even in any outdoor location, it powers it all.
Additionally, if the sales staff is equipped
with mobile devices connected to mPOS inventory
management systems, answering any customer query
related to an article being in stock can be
easily answered. Generating digital receipts and
building a robust customer data base are some of
the other advantages of a mPOS system.
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Basic steps to follow before purchasing a mPOS
system for your retail store

• Undertake a requirement study to ascertain the
  features needed in a mPOS system. This includes
  details like whether a stand alone or an
  integrated system is required.
• Check whether any additional hardware is required
  and whether the budget is available.
• Determine the fixed and recurring costs and set a
  budget accordingly.
• Research and compare POS systems- reaching out to
  businesses who are using the systems will be
  prudent
• Set up a demo and witness the speed, accuracy,
  ease of usage and more yourself
• Make a final decision
• Once you have the system up and running, ensure
  there is optimal usage

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Conclusion
With a mPOS system, you can literally run your
business from your palm. Clearly it is the single
fastest moving trend in retail and will only grow
from strength to strength.
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Thank you

• Visit us at www.mahindracomviva.com

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