Until recently, points of sale (POS) at major retail stores across the country had basic cash registers with an accompanying receipt printer and a card reader. However, the increasing need for an integrated system that can support inventory management, reporting, gathering customer information, and multiple payment methods, has paved the way for more advanced POS systems. For retailers, this transition from basic cash registers to such sophisticated POS systems means making a big step toward changing the way they do their businesses and even bigger investments as there is no “golden mean” middle-ground product. This is where Precision Payments Inc. has risen a cut above competitors in the market; the company stands its position by enabling continuous improvement for businesses and enhancing the way they relate to their customer base effectively. “Our customers don’t have to spend thousands of dollars on advanced POS systems,” states Joel King, CEO of Precision Payments. “What sets us apart is that we are a customer service-oriented company at the end of the day; and our objective is not to only save our clients’ money, but rather it’s to improve their overall solutions and help them better their business and yield more ROI.”

Precision’s POS system allows merchants that were earlier operating on cash registers or credit card terminals to have a cloud-based POS system to feed their orders, view their sold products in an electronic format, and calculate the taxes. With its customizable solutions, Precision also enables the flexibility to incorporate different applications every time a new service is to be added. King relates this with an example of a POS system in a restaurant, to which inventory items could be added, and the system could be easily transitioned to an online menu, accessible from customers’ mobile applications for ordering and even paying before they could reach the restaurant; the food is quickly prepared and ready to be picked up as soon as the customer enters.