Point-of-sale (POS) systems are essential for all businesses handling merchandise and offering direct customer service. POS systems efficiently account for stock and funds, perform payment processing, and track all transactions. Depending on the POS system you choose, it can also perform additional functions such as analytics, employee management, loyalty programs, and more. With cloud technology making its way into the world of POS systems, many businesses are choosing the simplicity, scalability, and mobility of cloud-based POS systems over traditional POS systems.
What is a cloud-based POS system and how does it differ from a traditional POS system?
Also known as a legacy POS system, a traditional POS system works on closed networks and data is stored on local servers. The business owner or manager must be present at the location to access information, view reports, make any changes, or perform any other task involving the POS system. At a time when everything is web-based and app-driven, it makes more sense to use a web browser to run your system from anywhere. It eliminates the need for in-store server configuration and uses a less expensive and easy-to-manage offsite server.
What are the benefits of a cloud based POS system over a traditional POS system?
Maintenance
The maintenance of a cloud-based POS system is much easier compared to traditional POS systems. You don’t need to manually install updates. It happens automatically so you always have the latest version of the POS system.
Data security
In a cloud-based POS system, the data is stored in remote servers which can be securely accessed from anywhere. Compared to a traditional POS system, there is little risk of data loss. There is an added sense of security that if any data is lost, it can be easily retrieved from encrypted servers. You can enter data even when the system is offline and the data will be uploaded to the cloud once the system goes online.
Remote access and seamless integration
With a cloud-based POS system, you can login and view data from any secure internet-enabled device. This will allow you to access your POS account with ease. This means you can manage your store anytime, from anywhere. When there are multiple store locations, the POS locations can share data in real-time and all your locations remain seamlessly integrated.
Lower upfront costs
Cloud POS require lower upfront costs. It is an ongoing service and involves a recurring fee. Mobile POS systems usually cost the least, but these systems are suitable and sufficient for only certain types of small businesses or pop-up shops where you don’t need to invest in complex
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