.png){kind=logo}
Did you know that more than 70% of all POS software is more than two years old? As it becomes increasingly harder to meet customer demands, out-of-date POS systems could further hold your business back.
Swapping to a cloud-powered POS system could be the key to speeding up sales transactions and streamlining a number of business processes.
With the ability to access a cloud-based POS system from anywhere, you can enjoy remote checkouts, on-the-go analytics and one-click scalability, all from one secure payment platform.
With this in mind, let’s learn more about the benefits of cloud-based POS systems as we reveal five reasons why your small business should invest.
A cloud-powered POS system refers to point-of-sale software that runs using the cloud.
Unlike a traditional legacy POS system, a cloud-based POS system stores its data on remote cloud servers that can be accessed via any online location. This means that you do not have to rely on a traditional host to access your customer data.
Statista predicts that the cloud-based POS market is expected to grow 25% year-on-year as we reach 2030.
Therefore, it’s never been a better time to invest if you plan to accelerate the growth of your business.
There are many components that set traditional and cloud-powered POS systems apart.
While they both serve as essential checkout technology aids, a traditional POS system must be hardwired into your chosen venue, requiring a mountain of external equipment, bulky hardware and a closed internal system.
Cloud POS systems, on the other hand, run remotely on an online server, storing your data on the cloud rather than in one closed location. The benefit of this is that you’re able to set a cloud-based POS system from anywhere and access it from multiple stores/popup locations.
Better still, cloud-based pos systems are much cheaper to install, ranging from just a few thousand dollars as a pose to $20,000 dollars for a legacy POS system set-up.
Let’s have a closer look at some of the other key benefits of choosing a cloud-powered POS system over a legacy software setup.
While traditional POS systems have existed on the high street longer than their cloud-based rivals, there is much fresher software on the market that has a simple interface for beginners and less of the excessive hardware setups needed to power traditional POS software.
Cloud-powered POS systems are designed with usability in mind, specifically for customer-facing employees in hotels, restaurants and retail.
Cloud POS software reduces time spent on training thanks to its easy-to-navigate user interface, diminishes manual order errors, and improves communication between staff members.
Cloud-powered POS systems allow a retailer or restaurant owner to be physically present at the checkout in multiple locations.
Gone are the days of logging into a manual checkout system to access customer information. Instead, cloud POS systems can be accessed from any device that connects to the internet. Opting for a cloud-POS system with an app integration makes it twice as easy to access data straight from your mobile phone.
Everything can be done remotely, ranging from making menu changes, price reductions, class booking, invoice billing and more.
Cloud POS solutions like Epos Now take this one step further, allowing business owners to access their POS system and its data in offline mode, too.
It’s no secret that storing sensitive customer data can pose cyber risks for small businesses.
Legacy POS systems, in particular, fall victim to theft and data hacking, especially when routed to one closed location. Here, a hacker can access all sensitive data from one server, causing significant damage to your business reputation and a hefty financial loss.
Cloud-based POS systems are much safer because they store sensitive customer information off-site on multiple servers. This means that even if your POS system was breached in one location, your data has a much better chance of remaining secure across a wide range of encrypted networks.
Cloud-powered POS systems are connected to the internet on multiple servers, rendering them the quickest at leveraging data from real-time purchases.
With minute-to-minute analytics at your disposal, you can track sales as they happen on the day, stay ahead of your inventory turnover and predict your next move with ease.
Flexible POS software is essential, especially for a growing business. Cloud-based POS software is equipped to take on an unlimited capacity of customer data thanks to its ability to store data on multiple servers.
This gives a growing business the chance to expand comfortably while streamlining the process.
Better still, a cloud-based POS system is always live, offering users 24/7 access to a remote checkout. Unlike traditional checkouts that are turned off at the end of the day, cloud POS software has no need for prolonged downtime, meaning that you’ll benefit from contact updates and the latest upgrades for maximum performance.
Cloud POS systems are becoming increasingly popular amongst small business owners, the hospitality industry and enterprises looking to scale up their operations.
With the ability to automatically upgrade itself and maintain security across a wide range of servers, cloud POS technology is the smartest solution on the market for your checkout needs.
