Businesses are now focusing their efforts on expanding operations, super-charging point of sale systems to maximum efficiency.
If your POS does not handle both online and offline sales, it might be time to reevaluate whether it’s the best tool for the current scenario.
If you’re experiencing any of the following, it may be time for you to consider a change.
1. Your POS system isn’t helping you grow.
For any business keen on expanding from one location to another, or online, a cloud-based POS system is easy to scale. Rather than integrating individual local POS systems into new locations, cloud-based solutions can be established in a matter of minutes, making them ideal for businesses on the move.
2. Your current POS isn’t up to date.
If you’re incorporating a local or legacy POS into your operating system, note whether its features can satisfy your growing needs. If you find yourself seeking features that don’t exist on your current system, you’re better off moving onto a more mo solution. Nowadays, POS apps are equipped with anything from automated inventory management to online ordering and even loyalty programs.
3. Your POS is limited to online use.
Not all POS systems are created equal. Most lower-end options are online-only, meaning frequent Internet downtime can cost your business losses per minute. An ideal Point of Sale will operate offline even during connection failures, allowing offline records to sync back into your cloud once your connection is reestablished.
4. Your POS system lacks security.
Older POS systems require that you reach out to your provider to ensure that they are still incorporating regular security updates to your hardware and software. Most local POS systems will need an on-site visit from a specialist to update your system, which can be costly and inefficient. Still, you don’t want to put your POS at risk of attack and must prioritize keeping your customers’ private information safe. Cloud-based Point of Sale Apps can be updated automatically and remotely—you won’t have to worry about tending to new patches yourself.
5. You’re paying more than you should
If your current branch is equipped with a local POS system, it can be tempting to purchase another for a second branch. However, another set of hardware may not be worth it in the long run, especially with the option to switch to a newer, full-featured POS System that runs from your phone.
On the other hand, providers might offer attractive, dirt-cheap prices on hardware only to overcharge you on transaction fees. When shopping for a payment processor, ask for an upfront cost and compare them before coming to a final decision. Keep in mind that a cloud-based POS system comes with more cost-efficient monthly merchant services that may better suit your budget.
Every POS system comes with its strengths and weaknesses but is more often than not worth the price of a cloud-based option. If your current POS is doing more harm to your business than good, you’re due for a significant update.