Business N Finance

Businesses with high customer levels and those which sell a large number of goods will benefit from an EPoS system. The size of EPoS system that you get will depend on how big the business is, a very small organisation may not need a complete system.

Stand-alone EPoS systems
The average cost is around £5,000. For your money you get a specialised EPoS terminal, software, a printer and a networked back office PC. With integrated XML or EDL links, you can connect your EPoS terminal with your website and physical stores. Highly beneficial if the company has more than one location such as hotels and department stores.

Software-based solutions
If you have a PC that could run an EPoS system then you can get additional software for approximately £350. There are many other features available that can simply be plugged in including printers, card readers and customer displays.

EPoS/Accounting systems
For a system that integrates accounts, you will need to spend approximately £500. As well as this you will need to implement some software on the back office PC like label printing and electronic funds transfers. If you do not think that your organisation requires a whole off the shelf product then this option could be cheaper although you should ask the supplier to advise you on the best system for your needs.

Contract out EPoS to a third party specialist
This concept is relatively new in the UK. You can use an Application Service Provider (ASP) through whom it is possible to hire the software and connect it to your business through a secure internet link. The ASP can host and incorporate your EDI system and resolve any technical issues. For this to be right for you it is necessary to have a broadband connection.

Customised EPOS solutions
If you already have some hardware or software on your PC and website then you can use a consultant to design your own customised EPoS system. It will however cost you in excess of £10,000 as you are paying for labour and software but this price will change depending on your personal needs. For very large corporations like hotel chains and national shops, this is the best EPoS system.

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