Intelligent Point of Sale, the Scottish maker of an iPad electronic point-of-sale (EPOS) application, unveiled the latest version of the app on Tuesday (July 19), pricing it lower than some of its competitors.
The new version, dubbed intelligentpos Version 4.0, marks a complete overhaul of the product, with the company saying it is better, faster and has more in-depth reporting. The new version includes an additional level of online management and two-way synchronization, letting bar and shop owners create, edit and manage products, prices and categories without having to be at the physical location. Customers can either access it via an iPad or Backoffice, automatically publishing to other terminals in the business, regardless of where they are. The product is priced at less than £40 per month per subscription.
“We have made the transition from startup to a position from where we can compete in the top league. We stripped back the software and rebuilt it, upscaled it and introduced the functionality that our customers told us they wanted,” said Paul Walton, cofounder and CTO of Intelligent Point of Sale. “We have introduced a full range of cloud-based EPOS functionality, while completely overhauling reports. Each report now offers better and more detailed insights, easier time period navigation and, wherever possible, easier-to-understand, aesthetically friendly graphs.”
According to the startup, all of the upgrades for the new version come from feedback from its customers. Intelligent Point of Sale runs an online forum where customers can vote on features and play a part in the development of the company’s products. Walton said a £500,000 investment at the end of last year, coupled with a growing customer base, bankrolled the upgraded product.
Intelligent Point of Sale was created in 2013 and counts an array of clients, including pubs, bars, cafes, restaurants and clubs. Its retail clients include Gail’s Bakery, which has around 72 terminals, and leisure operators, including Powerleague and Country House Wedding Venues Ltd.