Learn more about the advantages of SaaS-based POS and why you should choose it for retail or SME!
POS is the unsung hero of retail and small business. It acts as the backbone for the whole operations of a business. POS, apart from its sales utility, had added many more variations and uses to it so the business runs smoothly. One such factor is shifting to Cloud POS or a SaaS-based system.
SaaS, as you know stands for Software-as-a-Service, and ‘Cloud-based’ is the common term used for such systems. The other option is the On-Premise systems.
Let’s see the difference between both and what all should you notice when choosing a Cloud POS or SaaS-based ERP.
SaaS-based POS and On-Premise POS
On-Premise POS is the traditional system. The information such as sales is stored in a local server using an internal network.
SaaS-based POS is subscribing to software on a term basis, download it as an application. This doesn’t require any physical server setup as it works on a virtual network of computers often known as ‘Clouds’ which is accessible via the internet. In short, you are leasing the software for a term.
Stats says QSRs, restaurants, and small retailers of UAE show a higher inclination towards cloud POS and mobile integration.
UAE has been showing a keen interest in shifting to SaaS POS. The retailers are heavily benefitting from it.
Consequently, Smart POS combined with Business Intelligence helps to strategize sales and improve productivity. Stats says QSRs, restaurants, and small retailers show a higher inclination towards cloud POS and mobile integration.
Why choose Cloud POS for your retail or SME?
Every other article you read on this topic favors Cloud POS. Why? Because it has a lot more advantages than the other options. Here you need to check for the optimized versions of these advantages before proceeding to buy one.
- Hassle-free installation
- Remote access
- Round the clock support
- Encrypted data and security
- Regular updates
- Low budget
- Pay on the Go!
1. Hassle-free installation
As I already mentioned, Cloud POS doesn’t require physical servers set up in the store. Therefore nowadays, you don’t even require conventional bulky systems as devices like POYNT Smart Terminal are more convenient and advanced.
The service provider will install the POS application in your device, make necessary modifications, update the information, customize according to your requirements.
You can use your existing systems or device also.
- Post-deployment training
Cloud POS applications are designed with a simple user interface bearing the ease of merchants in mind. Therefore, it easy to manage and train on the software. You can train your team to manage the device, use the software, update the items, pull out the reports, etc.
2. Access from anywhere, anytime
The legacy POS systems are tied to a single computer. But Cloud POS is accessed and maintained via the internet which makes it more flexible.
The advantage is that you can access the data from anywhere using a computer or a tablet with your credentials. This is especially handy for business owners who operate at multiple locations.
Also if one of the systems you are using crashed, you can still use the software. Where in the conventional systems, such a crash will end up in causing big trouble.
3. Round the clock support
Even if you don’t have an in-house IT expert, you will be provided with round the clock support (Make sure you purchase from a trusted vendor). Legacy systems need the IT expert to be on the spot for understanding the issue, troubleshoot, and rectify.
SaaS systems, being remote systems, the service providers can view the software transactions from a remote site, troubleshoot, and provide you required support.
4. Encrypted data and security
A POS handles sensitive information like credit card details and personal information. It is important not to mishandle that information. However, On-Premise systems bear the risk of security attacks as the servers are installed physically at the store.
Retail and SME Cloud POS uses point-to-point encryption methods. The data you send to acquiring bank and the data received are encrypted. So that no one else can interpret it. Hence Cloud POS provides more security than On-premise systems.
Be sure to check your service provider is licensed and are FTA compliant.
5. Regular updates
The updates for the software is provided by the service vendor. You don’t need to cram your heads on advanced technology and updates. The service providers constantly troubleshoot for bugs and fixes and are constantly focused on improving the overall experience. These minor updates run once or even twice in a week.
The major updates are scheduled so that it won’t interrupt your workflow and they provide constant support to train you for the latest updates.
6. More power with a powerful ERP
With Business Intelligence and cloud-based ERP, you can run the whole business at ease. The POS lets you pull out many types of reports, for example, sales reports, product reports, canceled reports, etc.
Added with Business Intelligence, you will receive visualized data for better understanding and actionable insights.
7. Low budget
All of the above factors affect the cost as well. You won’t need an IT department, doesn’t need to buy conventional bulky systems, you don’t need to pay for regular upgrades and server maintenance.
Certainly, you will save from your budget with all these saving and Cloud POS costs less than the On-Premise systems.
8. Pay On the Go!
As I said, Cloud POS is subscribed. You don’t need to commit for years. You pay according to your convenience and select the best plans that work for you.
Most importantly you can analyze the workflow and progress and continue your plan.
More power with Checkout Point
Checkout Point provides customized POS apps for the POYNT device. The device is capable of acting as the complete business solution rather than just a POS. You will be able to do the transactions with all modes of payments from Cash, cards, QR code payments, NFC, etc. Moreover, We have designed customized apps for specific business requirements like Foodie (for cafes, QSRs), Lazeez (Fine dine restaurants), Souk (retailers), etc. This can work well with our ERP which will give you the complete business solution.