The past few years have seen an explosion of local technologies, with venture capital and existing players alike investing heavily in bridging the so-called online-offline gap. But today, many of these services still revolve around a black hole of sorts — the point of sale. Much of the automation and efficiency that technology has brought to ecommerce is still out of reach for the local market because the sellers remain largely offline.
That’s changing. Thanks to the decreasing cost of mobile hardware and improvements in cloud computing, startups like Square and Leaf have been able to provide business management software at a fraction of the cost of legacy systems, opening parts of the small business market which were traditionally priced out of software. But one startup, Revel Systems, wants to bring the tablet-based point-of-sale model upstream and disrupt the entrenched cadre of existing business software providers which generated billions in revenue last year.