If you’re a retailer looking for a POS system, you have most likely come to a point where you need to decide between a cloud-based ERP solution and a traditional system.
Buying a POS system is a long-term investment and in today’s world, Business software forms the spine of any business growth. But what are the differences between cloud-based ERP and traditional POS systems? Let’s take a look.
Legacy or cloud-based Erp?
One of the major differences between legacy and cloud-based POS systems is data collection. If you have a legacy (traditional) POS system, your data is collected and stored on local servers and runs through a closed internal network. Local servers can be vulnerable in terms of crashing and leaving you without service. In today’s world, delays can cause you to lose your customers, and no merchant can afford to be out of business for very long due to technical problems. In South Africa Specifically, Load shedding could result in data corruption and data loss.
With a cloud POS system, of course, your data is always stored in the cloud. This not only means that your data is more protected than in a legacy POS system but also offers much more mobility. For example, it is always easier to engage customers with a mobile POS, not forgetting the ability to view all of your reporting in real-time, while having complete access to your entire database from any location with an internet connection. And did you know, most cloud-based POS software work offline too? Therefore, losing your internet connection won’t mean losing your sales.
Easy-to-use POS solutions save you time. Not all retailers have an in-house IT expert, so complicated POS systems can create a headache for businesses. A cloud-based POS is often less complicated and more importantly, the problems you face can be handled directly by the provider. When any issues you encounter can be taken care of promptly in this way, you save not only time but money too.
Lower Costs with A Cloud-based ERP.
Arguably one of the biggest advantages of a cloud-based POS is in their pricing. Most cloud-based POS or ERP software companies offer a monthly payment plan, which can be a more suitable option than legacy POS systems for small and medium-sized businesses. As the software provider, the POS company covers all data backups and future upgrades, and won’t surprise you with additional charges as the product develops and improves. Legacy POS systems first require upfront fees, then additional maintenance fees if you want to upgrade to newer versions. SaaS structure doesn’t require these costs and provides you uninhibited access to the latest updates as they become available…
In addition, cloud-based POS software is accessed via a web browser, which means that unlike legacy POS systems, merchants don’t need to invest in expensive new equipment to run the software. POSibolt has also just launched the POSibolt android app which provides even more advantages.
With the recent outbreak of Covid-19 (corona) POSibolt clients are taking advantage of the remote working opportunities that our cloud-based system presents. This means our clients are able to keep their teams productive even though they working from home or any remote location.
A Long-term Solution for Your Business.
The main question the business has to answer upfront is whether the business wishes to grow in the medium to long term. If the answer is “NO” then your basic legacy based pos will do. If your answer is “YES” then it is important to put the correct foundation in place to allow the business to reach new heights. A strong ERP system will be essential as it will form the backbone of which growth will occur.
The ability to easily upgrade your POS system is of benefit to any business. As a retailer, your needs and resources can change often, such as occurrences like the need to add new locations and integrate them into a payment system. Adding or taking away features from a cloud-based POS subscription is extremely easy, so you can always adjust it according to your needs. As your business scales, the system can scale with you, saving the trauma of changing to new systems and the costs associated with it. If your objective is to grow your business, then put the correct foundation in place the first time around and let the system grow with you.
Integrating your POS with alternative payment options can increase your customer revenue. New and innovative payment methods continue to surface at a surprising rate, and consumers expect to be able to take advantage of them when they visit a retailer. Cloud-based POS systems allow you to integrate with a multitude of payment options and other complementary software for CRM and e-commerce.
About POSibolt Erp.
We provide cloud-based, tablet-oriented Point of Sale and Inventory Management software for retailers, with a focus on multi-store operations. Our goal is to allow retailers to focus more on business and less on IT, by providing a solution that is easy to use, cost-effective, and technologically superior. POSibolt cloud-based platform allows you to integrate into multiple payment options, e-commerce platforms, accounting software, and much more.
Posibolt manages all areas of your retail organization including point of sale, sales back office, inventory management, employee payroll, human resource, accounting, customer CRM, multi-channel/ e-commerce, and more, in a single integrated system. Thus removing the need to have separate software for different silos like payroll, accounting, and HR. You have one point of truth with the ability to have a single view of your whole business. Most business who don’t plan upfront, end up having different software which doesn’t talk to each other and thus the ability to have big picture reporting and views becomes time consuming, cumbersome, and expensive. ( for example reports like number of absentee days vs sales in the store, labor to sales ratios, etc)
Spending on the correct software is an investment and not an expense. the correct software and partner need to be chosen. POSibolt is technologically right up there with the best but developed by business people for business people. Clients are exposed to new ways of operating due to the fact that process development is led by business people .thus you will be joining the POSibolt ecosystem of institutional know-how in running a successful business.
Ready to scale your retail? Our team of POSibolt consultants are on hand to help you grow your business. Click on the link to request a callback: https://posibolt.co.za/contact/ or visit us at https://posibolt.co.za/