A point of sale system, or POS system, is a tool used to consolidate business operations and data. Essentially, it’s the hub of all business procedures. Among many other things, the software stores data, manages POS inventory software, and processes transactions. The hardware is used on location and serves as the physical point of transactions. Together, a modern point of sale system is much more powerful than a traditional cash register, serving a broader role than simply processing the exchange of money. In fact, an exceptional POS can help your business grow by increasing revenue, improving efficiency, and satisfying each customer’s needs.