Cloud Point of Sale System
In the contemporary world of rapidity of retail and e-commerce, a superior and integrated point of sale system longer remains a luxurious requirement. Regardless of whether having a physical or online store, or both a cloud POS system may make your life easier, keeping all your data in one place and growing your business quicker.
Read Also: Best POS system, Advanced Cloud POS Solution for Business
This comprehensive guide is where you can learn what a cloud Point of sale system is and how it functions as well as find out why all business sizes are migrating to it.
What is a cloud Point Of sale system?
Cloud (Point of Sale) system is a platform based on cloud technology used to offer sales and business management processing. In contrast to conventional point-of-sale solutions that reserve data on a single device, a cloud-based POS systems houses tracts every data point in the cloud, making it accessible from any device anywhere in the world.
You can manage your business transactions easily through cloud POS. You can check inventory, view real-time sales reports as well as manage your employees, all without being at your store physically.
The Implication of Point of Sale (POS)
Point of sale, also known as POS, simply implies the stage at which a customer makes a purchase and the application is made. It may occur in the form of a checkout counter, online shop or pop-up. The POS system takes the money, hands out a receipt and records the payment.
Unlike the olden days when a cloud POS system was merely used to take payments, today, it is the very center of your operation.
The main Features of a Cloud POS System
A holistic cloud POS solution would consist both of physically wired as well as software based systems which are interdependent in execution of transactions and management of business information.
Common Hardware:
• Point of sale terminal (iPad, tablet or mobile device)
Cloud POS Software Deals With:
• Inventory in real-time tracking
• Customer Relationship Management (CRM)
.The sales and revenue reporting
•Monitoring of the employees These two applications provide information to assist in tracking the performance of employees.
•Refunding checks Payment processing
•Multi location support
Since the cloud stores all the information, you can know, your cloud POS software will automatically synchronize all the data across all the stores and all the devices, so you always have the most up-to-date information at your disposal.
What is a Cloud POS System and How Does it work?
The cloud POS system sends payment along with a real-time update to your inventory upon a customer making an in-store, online, or at a mobile set up. It can hold customer records, e-mail digital receipts and produce sales reports as well.
This is how a transaction usually works using cloud POS:
1. The product is either chosen or betrayed.
2. The system does the calculation of total cost (with the inclusion of taxes or discounts).
3. There is secure processing of payment.
4. Stock levels are refreshed on the spot.
5. Either a digital or a printed receipt is provided.
All this data is supported in the cloud thus availed to analysis, forecasting or even business decisions.
Things to Look at in a Cloud POS System
The ultimate flexibility of cloud-based POS would help in determining the right set of features that can benefit your business. These are some of the things that would be required:
1. Multi Channel Payment Processing
Support payments of all payment methods like credit card, debit card, mobile payment (Google Pay, Apple Pay) and online checkouts.
2. Inventory Management
Track stock on every sales channel. Receive automatic low-stock notification, scan barcode and adjust simultaneously a variety of products (e.g. size, color, or style.).
3. Sales in real-time reporting
Create reports to indicate daily revenue, sales trends and product performance. Well-developed systems enable them to be integrated with accounting software such as QuickBooks.
4. Through this feature, you get comprehensive CRM and customer data management capabilities.
Track and track down customer details like name, email, buying history and preferences. This information substantiates loyalty programs and focuses on email mailing.
5. Management of Employees Tools
Build profiles of staff, establish access rights and follow up on performances. Certain systems enable employees to log in and out and record their hours.
6. Cloud and Mobile Access
Access your POS system on any internet-enabled device. In the case of travel, and the case of having various stores, you can look at and update everything remotely.
Advantages of Cloud POS System Copyright 2015 Copyright 2015
Going cloud POS comes with several noted benefits as compared to the conventional models:
Any-were, anytime access
Protected cloud storage along with automatic backing up.
• Real time reporting and analytics
• The improved customer service with the help of CRM
• Synchronize offline and online sale
• Mobile dealers and pop-up storefronts
When you need mobility in the business, the presence of multiple locations, and built-in eCommerce features, choosing a cloud-based POS system is the wisest thing to do.
The Future of Business using InclinePOS
Searching through good and expandable cloud POS platform? Our cloud pos software is an all-in-one, cutting-edge software that will meet the exact business requirements.
Incline POS is one of the options you can consider, in case you want to have a modern, intuitive, and cloud-based POS solution. It provides intelligent Inventory monitoring and tracking, payment and customer management, and the tools support retail businesses to be more efficient and manage them on the move anywhere in the world.
Contact US
PH# +92 300 9569385
support@inclinepos.com
Final Thoughts
A contemporary cloud POS solution does far more than merely serve as a place to run transactions. It is an effective employee management tool that consolidates all your business functions, and it also offers good information. On cloud POS solutions, everything is under one roof- customer service, inventory control and so on. This facilitates ease to scale and succeed.