Product: Vital POS
TSYS Merchant Solutions LLC launched Vital POS, a solution designed for small and midsize businesses (SMBs). Company representatives said the solution combines business management functions with cloud-based POS system, enabling users to manage an array of business functions while providing a unified customer experience across devices, platforms and channels.
Philip McHugh, senior executive vice president and president, merchant solutions at TSYS, said Vital POS goes above and beyond traditional POS functionality. "Business owners are looking for more than just payment acceptance, and that's what Vital delivers," he said. "It allows them to run their whole business on the platform through a single user interface, making short work of tasks like inventory, time and attendance, and reporting."
McHugh noted that Vital POS leverages technology developed by iMobile3, an SMB-focused company that TSYS acquired in June 2018. The iMobile3 marketplace provides a customizable suite of applications that can be individually curated for merchants and white-labeled for TSYS partners. Solutions such as digital marketing and business analytics can help small and midsize merchants compete in today's hyper-competitive landscape, he stated.
Vital POS solutions are built on a foundation of back-office software, providing users with a single access point across all products. The solutions are available in the following formats:
TSYS representatives pointed out that the Vital POS product suite is designed to help merchants grow and scale throughout the entire business lifecycle. Entry-level, mid-tier and advanced versions enable merchants to spend less time on administration and more time on core businesses functions, they stated.
Vital POS back-office tools provide an array of business management functions that business owners can access from anywhere. These tools include real-time reporting to track top-selling and low-performing inventory items. Merchants can use this intelligence to manage pricing, apply discounts and maximize profitability. Additional features include analytics, transaction history, taxes, time clock and employee management, discounts, and pricing functionality.
Access to market-leading analytics and reporting enables Vital POS users to make data-driven decisions. They can use data points to evaluate employee performance, see which inventory items are selling, determine which days are the busiest, and manager other business operations, according to company representatives.
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