What is a POS (Point of Sale) system?

A Point of Sale (or POS) system is essential for a business to run its operations smoothly.  As its name suggests, a POS system allows companies to take payments from customers in bricks-and-mortar stores (or online) at the point of sale. They might not be hugely exciting, as far as business tech goes, but when used effectively they are capable of driving down cost and improving margins without sacrificing service levels. There’s tons to choose from, and in our roundup of the best Poi