Last updated on March 1st, 2020 at 07:07 pm
Are you using the right Point of Sale (POS) system? This is a question many managers may ask.
Picking the best POS system for your needs is an important aspect of any modern business model.
Different businesses may require a vast set of tools, while others may simply need a small system.
Regardless of the type of business you run, making the switch to an updated system can be challenging, so it is crucial that you make sufficient research in order to make the right choice.
POS systems are the link between buyers and sellers. They handle payments and make the process of purchasing items much simpler.
In the modern age, POS systems have developed into a diverse set of computing devices that come with powerfully integrated transaction software.
Why Are POS Systems So Vital for Businesses?
A point of sale solution can help companies easily update inventory and manage customer information.
They have become a staple for any kind of sale operation, and have been a crucial aspect of every trade.
Popular systems that are commonly seen include mobile systems, tablet systems, terminal systems, and online systems.
Mobile systems involve the use of a smartphone to process your transactions. Like other systems, they can handle inventory and customer information as well.
These are great for businesses that work quickly and need to be on the run, such as street vendors.
However, if your business is larger, you may want to consider something else. Smartphones are small devices, so it is important to note that with their size they become limited.
A big, strong desktop computer has the space to carry large amounts of computing hardware.
When you compare that with a device that fits in the palm of your hand, it is obvious that the phone will be outperformed.
If carrying your POS everywhere is not top priority, you may want to consider something other than a mobile based POS system.
Types of POS Systems
There are many types of POS systems that are used and are available for all kinds of businesses.
Tablet Based POS Systems
Like smartphone systems, tablet based POS systems also provide portability. Tablet systems are slightly larger.
So these might be better for businesses that are more stationary, such as quick service restaurants.
Portability is still important, but you aren’t carrying your POS everywhere you go.
Also, tablets come with quality software and technical support is typically not as necessary. A potential conflict for businesses with a tablet based POS system is the need for an internet connection.
With a tablet based system, POS processing requires an internet connection to manage transactions, customer information, and inventory control.
Outages, downtimes, or even slow speeds can be detrimental to your business. If internet connections are a problem for your business, you may want to consider a terminal POS system.
After tablets, the larger option is a terminal POS system. Terminal POS systems are the big machines that you typically see at registrar counters. These are primarily used by bigger businesses, such as full-service restaurants and large retail stores.
They provide the best processing performance and can handle large amounts of data at a time. However, it is important to consider the technical support.
In order to update hefty computer systems, expert technicians are often required. Another prominent issue is portability.
Considering a Terminal POS Solution
You can’t carry these things around so your POS is going to be stationary.
But if portability is not an issue, terminal POS systems may be in your favor. They work well and usually last for a while.
In the digital age, another common option is an online POS system. Online systems are reliable and minimal.
There is no hardware to worry about, and the software is easily integrated. Something to note is that internet requirements during transactions are dependent on the customer.
Online POS systems are more suitable for low-volume, high pricing businesses, or online retailers. Consignment stores, art galleries, and other small retailers may benefit most from these.
When you’re searching for the best POS system for your business, it is crucial to understand what types of tools and applications you’ll need.
Picking the right POS system is not the same for everyone, and not every business should use the same one.
The best choice is dependent on the type of business you are running. Think about how you and your employees operate and interact with customers. Imagine how a tablet or terminal system will be implemented during your store hours.