Why Cloud Over Conventional POS?
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Cloud-based technology is also known as “Software as a Service” or SaaS. It gives retailers the flexibility and efficacy to achieve business goals within an estimated time. This technology has also drastically updated the operations of the Point of Sale by increasing functionality thus making it more efficient in comparison to the legacy POS software system.
Cloud computing solutions for the POS are significantly different from the On-Spot solutions in both security and usability. With SaaS the POS stores data in the Cloud, which is a collection of remote servers or data centers. This keeps the core functionality of the POS system and also enables the benefits of being online. The information is stored securely online and can be accessed by the user on demand. Through storing the information online rather than on a local computer’s hard drive, the user has an extra level of data security that On-Spot solutions can not offer.
Functionalities such as bill computing are dispensed on demand as well. Retailers can use and modify the cost cuttings and discounts with simple modifications in the settings of the software. This helps retailers keep their business up to date with the market level and better serve customers who always seek faster responses and accuracy.
The SaaS-based POS technology is simple to install and any accessories are easy to acquire. From a small café shop to a multi-location business, any retailer can use this system and nearly cut costs in investment and maintenance in half.
Traditional POS systems not only can have a slow processing speed, but they also jeopardize the critical element in the business which is the data. On the other hand, the recently evolved Cloud-Based Point of Sale has an array of benefits that are an asset to the business.
Data Comes First
The Cloud is a term for storing your data on a secure server accessible at any time via the internet. These servers are well maintained by the service industries to keep them and the data secure and available 24/7.
This allows the retailers to fetch the data on demand and process it as required. With On-Spot POS services, there is a higher risk of data loss. These risks include hardware failure, machine theft, or any other disasters that may compromise the computer. By storing the data off-site and in the cloud, even if any disaster or theft is on the store level, the main servers will be having the data as it is.
Customers are on the Run
The cloud-based POS can serve the needs of today’s customer by providing them with faster processing in billing and receipts. This is because the SaaS software is a much lighter burden on the computer as opposed to Local POS services. The cloud-based technology utilizes its faster server processing speeds by cutting the wait time drastically and providing the results to the retailer on demand. A faster loading result means shortened purchase lines and more happy customers.
The Accuracy of a Better Business
In every business, accurate and precise work is not only beneficial but also necessary to maintain and track the business success. Many businesses face difficulties when reviewing their historical information such as sales, purchases, and customer information due to inaccurately stored data and unrecorded transactions.
To avoid this, Cloud-based POS systems keep track of the information and also allow the user to work on the data and keep track of all the transactions with prior validations. The software provided with these techniques is easy to mold to a user’s specific needs, allowing the business owner to make the changes for processing the data as required.
The World is On The Go
One of the most important needs in today’s world is to try to find everything on the go. The Cloud-Based POS system comes with the software that runs completely online and allows users, retailers, and even customers to complete their tasks on their mobiles, tablets, and laptops.
Since the complete POS is available online 24 hours a day, seven days a week, a retailer can have access to their POS System and data at any time. They can process and analyze data, make transactions, and update their product rates and much more even any time of year. Local machine based POS systems can never provide as much flexibility for doing the business, and it can limit the owner to keep himself glued to his POS system and shop.
Lower Cost Higher Profit
Old terminal based POS systems and the costs incurred in the setup and maintenance of the high volume hard disks are clunky and difficult. With Online POS software, a cloud-based application, 32-bit personal computer, and a receipt dispenser is much simpler and becomes a cherry on top if providing the better efficacy and comfort for both retailers and the customers.
As the cloud-based POS completes their tasks all online, a simple Apple iPad can run a full café, sending customer with a happy smile and fresh face. The cost of cloud-based software is much lower compared to the hardware and traditional POS.
In the traditional POS systems, the retailer needs to buy the licensed version of the software, renew it annually or monthly as instructed by the software provider, and pay the maintenance fees or possibly other charges for technical support and training.
On the exactly opposite view, a Cloud-based system will have minimal or no upfront fees, ranging from $70-$500. These may be either fixed or based on credit card processing charges (a pay-per-swipe plan). The Pay-as-you-go service and cloud business applications mean small outfits can run with the big boys and disrupt the market, while still remaining lean and nimble.
There are many options and providers, and finding one that best suits your business model will the most cost-effective. Most system providers do not charge a cancellation fee or lock you into annual contracts. So if you decide to upscale, downscale, or switch providers, it can be done at any time without sacrificing a significant upfront investment.
Adaptable and Always Upgrading
Cloud-based POS systems are compatible with nearly any system that is online and can use the internet. The POS system thus can use any kind of facilities for the business growth such as social networks, Google AdSense etc.
For serving the business purpose, it’s no longer necessary to be on the spot. The retailer can do business with the customer online and can send the invoice to his phone or his laptop where the customer can print it a using portable printer if required. Being an online system, the SaaS technologies are always getting upgraded with the latest updates which keep the POS systems up to date with the ongoing generation.
Moreover, the technology that cloud-based systems use is adaptable to the new upcoming technologies which make its migration to the new functionalities easier and user-friendly.