Cloud-based POS systems are becoming more and more popular, across the world, in restaurant, hospitality, retail and other sectors. Unlike traditional POS systems, cloud-based POS systems can be accessed directly through the internet with mobile devices like smartphones, tablets, and laptops. It is as much convenient as you check email or bank accounts through your phones. Consequently, this allows you to manage every aspect of your business such as sales, labor, and more.
Cloud-based POS systems can be operated at any location without actually being there. This also means that managers have access to those same reports in real time rather than having to wait until the end of day. Cloud-based point-of-sales software store information online which allows them to integrate more easily with other systems, save for payrolls, loyalty programs, or email archiving.
While, traditionally, it was done by manually transfer of the appropriate information from POS to other systems in order to run business. Many traditional POS systems are connected to a server usually in the backroom of premises. This type of setup can also lead to some serious security issues, ranging from hacking and theft to damage from flood or fire. Whereas, cloud-based POS systems maintain highly secure connections to cloud through multiple levels of encryption and backups. This ensures that if something catastrophic were to happen, your data is safe, secure and easily retrievable. Speaking of security, tablet-based POS systems are even more secure, and sensitive information like credit card data is actually never saved on device so in case if device gets stolen there’s nothing to worry about.
Many cloud-based POS systems also support mobile terminals in form of tablets. Tablets allow for quick and easy purchase of higher turn times which can lead to increased sales. Furthermore, system updates and changes to cloud-based POS systems are easy, instant and free to make. On the other hand, a traditional system requires a costly upgrade or sometimes need to replace with new version. Also, cloud-based retail POS systems cost significantly less than traditional retail POS systems.
Buying a retail POS system is one of the most important decisions you’ll ever make for your restaurant or business. For this reason, it is important to understand the difference between cloud-based and traditional POS systems. Moreover, POS industry has also gone through many changes in past years with cloud-based solutions becoming more popular over traditional systems especially in retail industries.
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