POS (Point of Sale) is the time and place where retail transactions are completed. This is a system that helps retailers grow their business by managing inventory, processing payments, managing refunds and returns, generating profit analysis reports, and more. Simply put, retailers sell goods, process payments, and print statements. POS assists retailers in all these processes. Based on this transaction, you will receive up-to-date information on the inventory of the most in-demand items/products, along with the most detailed reports and analyzes. Here are top 10 POS Software in Malaysia listed below. These software are mostly used by people in Malaysia.
1. Square:
Square in Malaysia allows you to convert your device, such as a mobile phone or tablet, to a point-of-sale system without the need to purchase additional hardware. If you need hardware, you can buy it directly from Square. For coffee shops and boutique clothing stores, cashiers and stand-up terminals are ideal. But if you’re paying on the go, you can use Square Reader for Magnetic Stripes to turn your smartphone into a point-of-sale solution. Square doubles as a credit card processor, so you don’t need to integrate a third-party solution to accept payments. You can also create a free website with Square. This reduces the need to pay or use another provider by one. And every business needs online real estate.
2. Lightspeed:
Lightspeed is a lesser-known POS system compared to the other options on the list. But it’s still one of the best in the inventory management business. The company offers POS solutions for retail and hospitality. However, for this review, I will focus on retail point-of-sale systems. With the Lightspeed inventory system, you can easily save time with a centralized shopping catalogue integrated into your checkout software. You can also sell in bundles and manage multiple product variations. You can also track unit prices, receive notifications of low-stock items, and sell out-of-stock items that are exported on arrival. Lightspeed is ideal for retailers with special requests for custom orders, work orders, storage times, orders, etc. All of these requirements can be met directly from the POS.
3. Shopify:
Shopify is one of the best e-commerce platforms of today. Also, if you are already using it in an online store, consider using Shopify POS. This allows for seamless integration and allows the two systems to function as one. Inventory is updated and managed in real-time at multiple locations, both online and face-to-face. You can also manage transfers between locations and use Shopify to make inventory forecasts. Shopify makes it easy to build customer loyalty with profiles and tools for building customer loyalty programs. Shopify POS accepts payments anywhere in the store. That said, there are no (or at least fewer) long lines. The e-commerce and in-store solutions are connected to Shopify POS, allowing customers to return or exchange online purchases at local retail stores. Shopify POS is included free of charge in your Shopify plan’s monthly fee. Fees will be charged separately.
4. PayCafe:
PayCafe provides a very comprehensive payment processing system. Provides solutions and excellent online payment services for processing and processing personal credit card payments. If you’re looking to co-build an e-commerce website with your physical business, it’s a solid competitor. The credit card processing solution is optimized to accept one-time subscriptions or invoice payments with just a few clicks. It can also accept all major debit and credit cards, as well as over 135 different currencies. The coverage from PayCafe is also excellent. They provide real-time metrics and data to show how your business is running overtime. You can also fully customize your reporting dashboard to get exactly the kind of metrics you need to improve your sales.
5. QuickBooks POS:
QuickBooks, along with its bookkeeping and bookkeeping solutions, provides an excellent point-of-sale system in Malaysia. If you are already using Quickbooks, this is a great place to consider POS. The advantage of using the same company for POS and accounting software is that the analysis and insights are very accurate. Ultimately, QuickBooks POS can improve the bookkeeping process and bookkeeping department. The pricing of the QuickBooks POS is a bit unique compared to the other options on the list. It is a one-time purchase, not a monthly or annual instalment payment.
6. Helcim:
Helcim is another all-in-one point-of-sale solution that offers a robust set of e-commerce capabilities. The Helcim card reader is wireless. It allows you to accept debit and credit cards from all major companies. It also syncs across desktops, tablets and mobile devices, giving you the flexibility to choose payment acceptance options. But what makes it stand out is its e-commerce capabilities. They have a platform that you can use to create an online store through their website. It’s incredibly easy to use. You don’t have to be a web developer or know how to code. You can also transfer your existing product catalogue to your shop in just minutes. Of course, this website has an integrated Helcim payment processor for a seamless shopping experience. The online store also has a lot of great themes, so it’s easy to choose a theme for your brand.
7.Revel:
Revel provides a point-of-sale system in Malaysia for retailers, restaurants, bars and fast-food restaurants. Revel is a hybrid point-of-sale that uses a combination of cloud and local networks to store information. So, if you lose your connection, don’t worry. You can continue to process the transaction. For small business owners with multiple locations, Revel has a centralized management system that standardizes each location. While other point-of-sale systems on the market recommend using their equipment, Revel strongly recommends purchasing the hardware directly so that everything works fine. Therefore, this is associated with additional costs.
8. Vend:
Unlike other point-of-sale systems currently on the market, vend is an exclusively cloud-based point-of-sale solution in Malaysia. I think large companies limit this a bit, but they don’t offer the best onsite server deployments for small business owners. The advantage here is cross-platform consistency. Regardless of the hardware used, the system looks the same on the front end. The Vend is a bit different from the other POS solutions on the list. We do not sell hardware or process payments. Instead, you should use Vend to integrate third-party solutions such as payment processing and other needs. But the advantage here is the simplicity of the software. Vend is intended for small retailers. Not suitable for bars, restaurants and food trucks. Vend Pro offers additional features such as advanced analytics and reporting, gift cards, promotions, e-commerce channels, multi-outlet retail management, API access and more.
9. TouchBistro:
As the name implies, TouchBistro is an industry-specific point-of-sale solution. They provide tools for full-service restaurants, bars, clubs, food trucks, breweries, and quick-service food or beverage companies. TouchBistro is an all-in-one solution that allows you to set up and take home a self-ordering kiosk, kitchen display system, and customer display. If you’re in the hospitality industry, that’s all you need for a point-of-sale system. You can also integrate the POS with online orders. Make a reservation and set up a loyalty program. Touch Bistro does it all. With the TouchBistro, you have the option to purchase the software using your hardware. Alternatively, you can bundle the software and hardware into your plan.
10. KORONA POS:
KORONA POS provides versatile cloud-based software for retail, ticketing and fast-casual operations. Designed as a hub for business operations, this solution provides users with a personalized experience. KORONA POS offers a flat-rate subscription, no hidden fees or contracts, and is independent of credit card processing.
 Core Features:
- Inventory Management
- Detailed Report
- ABC Analysis
- Order Level Optimization
- Supplier Relationships
- Automatic Repeat Orders
- Franchise Management
- Employee Approval
- CRM and Loyalty
- Latest Payment Integration
- Versatile Hardware Ware
- Online Tickets
- E-Commerce
- Accounting
- Promotions
- Multi-Store Management and Reporting
Features of POS system you must look into:
The latest POS system has various functions that are useful for daily business management. Features vary by product, but here are some of the most common POS system features:
Payment Processing: This is the hardware and software needed to accept a customer’s payment. Point-of-sale systems can include terminals, credit card readers, barcode scanners, cash drawers, and online e-commerce platforms.
Accounting and Payroll: POS systems may include accounting services or be integrated with third-party software such as QuickBooks. Manage expenses, income, invoices and payroll to track
your business and find ways to increase your profits.
Inventory Management: Many point-of-sale systems help you track product inventory by entering specific details about each item you sell and tracking product receipts, sales, and shipments.
Employee Management: These features allow employees to attend work, process payments, and enter product and customer information. You can also track employee plans, productivity, sales activities, and more.
Outlook:
Many point-of-sale systems are tailor-made for certain types of businesses, especially full-service restaurants and retailers. For example, TouchBistro builds its system around food and beverage companies such as fast-food restaurants, bars and cafes. This point-of-sale system has powerful tools for quickly accepting orders in front of your home and handling busy operations and inventory at the rear.
