Cloud POS System


A point-of-sale system (POS) is a combination of software with hardware components that helps a business accept payments from customers and keep proper records of sales and inventory items. This data helps merchants make better business decisions based on real data from their business, with less guesswork. A POS system does all the heavy lifting at the check-out counter. However, on the back end of a Cloud-based POS system, data and business analytics are available anywhere you are or have access to the internet. Make inventory changes, menu changes, obtain and send important reports. Check-in, and update employee information all on the fly and all in real-time

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Without further ado, let us how and why cloud-based POS systems have an edge over traditional POS systems!

  1. Convenient

First off, cloud-based POS systems offer you the flexibility and freedom to access your cloud data wherever and whenever. All you need is internet access, and you can make changes anywhere and anytime. Moreover, you can even track sales records and inventories from the comfort of your home or down at a beach sipping Mai Tai thanks to a cloud storage system!

  1. Timesaving

Additionally, you get to save time for you and your customers in the case a POS system crashes or malfunctions. In an event that this happens, you do not have to wait for a system reboot at the expense of your time and that of your valuable customer! All you have to do is login in on an alternative device and voila!

  1. Cost-Effective

The main difference between traditional POS systems and Cloud POS systems is the software cost. Traditional POS systems carry four large costs: Hardware, Software, Software maintenance, and networking/connectivity. Hardware costs, software costs, and the annual software and maintenance fees are astronomical in comparison to Cloud POS costs. Cloud POS costs are broken down the same categories however the hardware costs are lower, the same as networking costs. Yet there are not any software and hardware annual maintenance costs as platform versions change. The software platform and version upgrade costs are delivered monthly on a fixed fee basis, which preserves your hardware investment for a longer duration of time. Plus, with a merchant account from The Payment Exchange, we often cut the costs of your entire system with our merchant service programs.

  1. Customer satisfaction

A business is only as efficient as its point-of-sale system allows it to be. This means that with a cloud-based POS system, you can accept payments fast, seamlessly and send customers on their way. But then they are not just customers, they are happy and satisfied customers! It does not get any better than this.

With a cloud-based POS system, you do not have to constantly upgrade to new hardware such as a larger hard drive, as it’s all covered in the monthly service charge. This leaves you with the simple task of managing your business without having to worry. So, the next time someone asks why a cloud-based POS system, tell them the answer is in the Cloud!