POS systems are the most helpful piece of technology that you can install for helping your retail business. A pos system makes running a retail business much easier with its helpful and efficient features. Hana Retail POS is one of the best POS systems for retail available in the market today. It is a cloud-based POS providing great advantages for small business owners. Keep reading to discover how!
What is a POS system?
A POS or point of sale system is software that helps a retail business by streamlining all major aspects of the business, reducing labor cost, increasing efficiency, and saving time and effort. Point of sale systems is available in two major types, i.e. the traditional ones that are placed on-site and require hardware installation, and cloud-based ones that can be installed in any electronic device.
Difference between traditional and cloud POS systems:
While trying to choose the best EPOS system for small businesses, the major concern that you’ll face is deciding between these two types.
So, let’s take a quick look at the primary differences between these two types of point-of-sale systems:
- Of course, the main difference between traditional POS and cloud-based epos systems is that traditional POS systems are stagnant. They are installed on spot and they require specific hardware installation. The system can be operated only when you’re onsite. A cloud-based POS like Hana Retail doesn’t require any special hardware installation. Rather, it can be installed on any electronic device like your desktop, laptop, iPad, or smartphone. You can easily install it in an iPad and place it over a stand at your store and manage all the day-to-day business activities from there. However, you can also install the same system on your laptop and smartphone simultaneously, and access and operate the system even when you’re home, without displacing the iPad at your store. This is one of the main advantages of choosing a cloud EPOS system over traditional ones.
- A Traditional POS system is a good idea for big-scale retail shops. But if you are a small business owner, a cloud EPOS will be the best POS system for you, as you’ll get a fully-functional POS system at a fraction of the cost of a traditional POS system.
- Updates are offered frequently when it comes to cloud POS systems. However, for traditional POS systems, updates come seldom and they need to be manually installed in the system by POS system developers and experts.
- Cloud POS systems offer better integration with third-party apps and programs. In this matter, traditional POS systems don’t perform well.
- Data security is also better in case of a cloud POS system. With traditional ones, you run the risk of losing your data if the system crashes, as there’s no cloud backup. But with cloud POS, this is not even a problem as all your data is stored securely in the cloud. Also, hacking a traditional POS system is easy, while cloud based EPOS systems strive continuously to provide better data security with every update, and is miles ahead from traditional POS systems in this matter.
Functions of a cloud EPOS system:
1. A cloud EPOS system like Hana Retail POS can perform various functions for your small retail business. Here’s a quick list of its most helpful features:
2. It helps in your day-to-day business management. It records transactions, accepts payments, stores and retrieves customer information, helps them to use discount codes and loyalty points, assists in returns and exchanges, and more.
3. A cloud POS system handles the accounts for you. every monetary transaction gets recorded and stored in the system. From customer transactions to supplier payments, delivery charges, and/or employee costs, all financial data is maintained efficiently in the system.
4. It also helps in inventory management. It keeps an accurate track of the stock available in your inventory.
5. From payroll processing to scheduling duties, keeping track of leaves and vacations, and arranging training for staff, the POS system handles it all. So, when are you trying Hana Retail?