Looking for ways to minimise cost, maximise efficiency and profit? Cloud-based POS might be the answer for your business. Here are the key differences between traditional and cloud POS:
1) Data is stored in the cloud
For a traditional POS system, the data is stored on a device or server that can only be accessed from one geographical location, while being exposed to risks such as data losses and hacks. However, with a cloud POS system, your store's inventory data, transactions, and customer details are stored online, allowing users to access it anytime, anywhere in real-time.
2) Network Independent
Traditional POS doesn't require an internet connection to run, since data is stored in the device itself, or at a local server. The downside is that a crash can lead to a disruption to your operation or even losses of data. Although cloud POS system works best with an internet connection, most offer offline capabilities so that certain activities, such as sales, can continue without disruption.
3) Lower upfront and maintenance cost
Software as a service (SaaS) POS often runs on a Pay As You Go model where you pay on a subscription basis, rather than a huge upfront cost of purchasing traditional POS hardware and software. It also eliminates the cost of maintaining your own data server, regular IT maintenance, and software upgrades, since cloud POS always stays up to date.
In terms of data flexibility, cloud POS synchronises data across multiple stores, eliminating the need to manually consolidate data from several sources. In terms of hardware mobility, cloud POS can be operated on portable devices such as iPad, rather than the bulky stationary devices of traditional POS. It allows customers to check out and register membership anywhere in the store, shortening transaction time and boosting customer experience.
Cloud POS offers the option to integrate a wide range of software or services, such as CRM, accounting software, loyalty program, inventory management, and many more. You can also integrate cloud POS systems with the software of your choice with built-in Application Programming Interfaces (APIs).
6) Data Security
The cloud POS solutions we provide all comply with multiple international security standards, ensuring your data is protected from risks and external threats.