Home Accounting Software Reckon releases cloud point of sale solution

Accounting software company Reckon has released a new web-based point of sale solution — Reckon Cloud POS —  which it says is designed to allow small businesses to track sales, manage inventory, reward customer loyalty, manage employees and run reports on any device.

Reckon says the release is set to further fuel its “cloud-first game” and follows its acquisition of the perpetual licence to the source code from Pose, a leading Israeli provider of flexible, affordable and user-friendly web-based POS systems, early last year.

Sam Allert, managing director ANZ at Reckon, says the latest software development further delivers on Reckon’s long-term strategy and commitment to helping small business owners work better and reap better business outcomes – and at its crux, demonstrates another major leap forward in the company’s ongoing vision to ‘cloudify’ its core accounting offering.

“The integration of a POS feature is a natural progression for Reckon, as we continuously look to provide our customers with a more fully integrated platform and one-stop shop with a complete suite of solutions.

“From local cafes and market stalls to door-to-door sales and online stores, small business retailers are rapidly migrating away from traditional standalone and physical payment terminals to new POS systems with myriad functionalities.

“In addition, small business owners demand mobility; they want to be able to run their operations anytime, anywhere, online or offline – and that is exactly what we are facilitating. Reckon Cloud POS will allow our customers to enjoy a seamless transactional experience by streamlining reporting, automating tax obligations and ultimately, ensuring an uninterrupted flow of data between their POS and accounting system.”

Allert says with more than 1 in 10 trading businesses in Australia requiring mobile and over-the-counter transactions, this represents robust growth opportunities for Reckon as a business.

He notes that the global POS terminal market was worth approximately $70.17 billion in 2016 and is projected to rise at a compound annual growth rate of 11.5% through to 2025. This is driven by the uptake of wireless and mobile POS terminals amongst small and medium-sized businesses within the retail and hospitality sectors.

Reckon Cloud POS is fully integrated with Reckon One and Reckon Accounts Hosted, and the software is also available as a standalone application.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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