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Smart business owners, especially restaurateurs, know that while great food may draw customers to your restaurant, they return because of outstanding hospitality. While offering diners extraordinary experiences is not rocket science, it does call for smart management. Fortunately, POS systems can help with that.
A point-of-sale (POS) system is now a necessity for your restaurant. It helps you process all modern payment options, manage your inventory, and, most importantly, record and store all transaction data. By 2025, the restaurant POS terminal market is projected to grow to a value of $24.7 billion.
Three significant stepping stones in the POS evolution are:
The two primary categories of POS software available today include on-premise POS and cloud-based POS systems. Every type has advantages and disadvantages. Purchasing a restaurant POS system is a huge investment. Therefore, it makes sense that restaurant owners would fret about selecting a restaurant POS system. It should be done without careful consideration of all the available options.
The number of features a POS has determines which one to choose. This article will outline the key distinctions between cloud-based and legacy point-of-sale systems (cloud POS vs legacy POS) to assist you in selecting the best management system for your restaurant. However, let’s first examine what each of these POS systems is.
It is a question you should be seeking an answer to if you’re a newcomer planning to operate a restaurant in the current technological era. A restaurant point of sale system, often known as a POS system, functions like a command center by seamlessly integrating and optimizing your front, kitchen, and back-office activities into one location.
Point-of-sale software offers real end-to-end solutions for business owners looking to up their game in the hospitality industry. The best restaurant POS systems benefit you with features like intuitive table management, online booking, payment services, real-time sales reporting, and powerful customer relationship management (CRM) techniques, to name a few.
Cloud-based POS is fundamentally Software as a Service (SaaS). It allows information to be stored and retrieved from a remote server rather than being stored on local computers. All that it requires to function is a live internet connection.
In layman’s terms, it means that the whole database of information, including the daily transaction reports, inventory data, and customer data, is accessible online with a cloud-based restaurant POS system.
Restaurant management via the cloud POS is accessible from anywhere and is not location-dependent for restaurants. Cloud services are also scalable, making it simple to add new features to them.
The market for cloud POS systems is anticipated to reach $3.73 billion by 2023, according to Markets and Markets analysis.
Typical restaurant POS systems, usually referred to as legacy POS systems, have long dominated the restaurant industry. These programs use a private internal network and local servers to save your data locally.
Staff members have traditionally utilized them to process restaurant billing invoices and produce KOTs (Kitchen Order Tickets). These systems are afflicted by the hazards of data loss, high initial costs, data security problems, data accessibility problems, and the requirement for ongoing manual data uploading.
It is comparable to downloading movies from OTT services as opposed to streaming them online. Family images saved to the desktop of your home computer—which is not available anywhere through the internet—are another example of an on-premise POS system.
Now that you are familiar with the two systems, we can move on to discuss the more crucial topic—what the differences between them mean for you and your company. Here are the main distinctions between a legacy POS system and a cloud-based POS system.
When it comes to cloud-based POS system vs traditional POS, we know that adopting a flexible cloud restaurant POS system is essential for restaurants to manage different operations and branches properly. Restaurants are switching from POS systems to cloud POS solutions as technology advances.
Even though a cloud POS needs an internet service to function, the range of features it offers is significantly greater than that of conventional POS systems. After comparing the two systems, it becomes clear that a cloud-based POS system for restaurants offers more advantages than a traditional POS system.
One of the top POS technology developments right now is cloud-based POS. Currently, 61% of all fast-food restaurants in the US use POS systems that are cloud-based. In addition, new sellers need to utilize cloud-based POS in place of conventional POS systems in 60% of cases.
Restaurant owners have a greater chance to optimize operations with cloud POS systems than with legacy POS systems. All restaurant formats can benefit from end-to-end cloud restaurant management provided by a cloud POS system.
[Also Read: How to build an online cloud kitchen platform like Kitopi?]
Cloud-based POS has a wide range of additional essential functions that outpace those of traditional POS systems. Here are some of the benefits of cloud-based POS system for your restaurant:
You will encounter several obstacles when implementing a legacy POS system. The following are some reasons for your consideration:
A cloud-based system is your best option if you’re looking for a point-of-sale system for your restaurant. It has several benefits over a legacy POS system. So, if you are looking for the best restaurant app development services, look no further than Appinventiv.
We handle everything, including developing POS systems, inventory management software, food ordering apps, and more. Our team of professionals is committed to improving the efficiency of your daily restaurant operations and is well-versed in the technological requirements of the foodservice industry. Our solutions simplify difficult back-end processes for your workers and improve the way services are provided in restaurants.
We have been providing state-of-the-art solutions to meet the varied needs of our clients in the restaurant industry, including Pizza Hut, Domino’s, and KFC. Please pardon the bias, but we heartily recommend our cloud POS.
The complexity of managing even one venue in the demanding field of hospitality can be intimidating. Because of this, an increasing number of restaurant owners are selecting cloud-based point-of-sale systems to streamline operations while generating income and managing customer relationships. This affordable, scalable, and sustainable solution will support the continued success of your business for many years.
We hope that this post about cloud POS vs legacy POS will assist you in finding some of the answers to your queries about both the old and new POS systems.
Q. What is the most popular POS system for restaurants?
A. The 7 best POS systems for restaurants are:
Q. What are the benefits of cloud-based restaurant POS software?
A. Some of the benefits of cloud-based restaurant POS software are:
Q. Does a restaurant need a POS system?
A. POS system aids in optimizing restaurant operations for customers. This includes cutting down on waiting times, expediting item scanning and payment processes, etc. With these operational upgrades, diners will frequently receive better service and return to your establishment.
Q. What does a POS machine do that makes restaurants more efficient?
A. Below mentioned features makes POS machine more efficient for restaurants:
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