5 Benefits of Cloud-Based POS Systems
Many organizations believe deploying cloud-based point of sale software is similar to implementing traditional systems. Because of this prevalent misconception, many retailers have hesitated to use cloud-based POS systems. According to Retail Consulting Partner, just 7% of retailers are presently utilizing cloud-based POS, while 28% expect to do so in the future. If you’re a retailer who’s considering a transition into using cloud-based POS systems, below are some of the benefits that come with that transition.
Increased Data Visibility
You can take your business everywhere there is an internet connection with Cloud POS. Inventory counts, labor utilization percentages, productivity statistics, and daily totals may all be seen remotely and in real-time. Information may be instantaneously updated from any location. Even on vacation or a day off, you can monitor your personnel and operations around the clock.
Automatic Updates
Another advantage is that cloud-based software allows for automated upgrades. When software engineers upgrade the software, the update is automatically applied to everyone using it. In contrast, on-site terminal systems cannot be automatically updated since they cannot connect to the internet. That implies that the on-site terminal system may become obsolete as time passes and technology advances. With auto-updates, you can keep up with the latest and best software available.
Enhances Customer Experience
Because a cloud-based POS system is easily available, your clients can accomplish tasks like arranging appointments and monitoring order statuses. By opting in, your clients can also sign up to get order alerts and special offers. A cloud-based POS system also simplifies transactional procedures by providing different payment choices, automating invoicing, and ensuring drop-offs and pick-ups are as smooth as possible.
Minimize Risk of Data Loss
Since everything is stored online, the risk of data loss is decreased with cloud-based solutions. Cloud-based POS software that is coupled with POS hardware accesses data remotely via an internet infrastructure. This implies that the POS system’s data may be automatically backed up and synchronized, making it easier to stay safe and up to date. Using a trusted PCI-compliant payment provider will guarantee additional uptime and recovery if such an attack occurs.
Minimizes Labor Costs
Many restaurants have had unrecorded sales and improperly recorded inventories. The staff spends needless time addressing these errors rather than assisting clients or tending to other matters. Such challenges can be resolved with a cloud-based POS system. Traditional cash registers demand much human intervention, especially during peak hours. Cloud-based solutions can help to reduce or eliminate human error.
Cloud-based POS systems are advantageous since they facilitate smoother operations, minimize the risk of data loss, and help save on costs. Are you considering getting a cloud-based POS for your retail outfit? Reach out to us at (877) 931-1404 x 1 to discuss out cloud-based options.