In today’s evolving integrated networks and internet services, POS on the cloud provides powerful options to retailers which were not possible a few years ago, which includes increased data visibility. POS on the cloud allows retailers to take their business anywhere with an internet connection and a device to access the cloud networks. Additionally, it provides streamlined information management across multiple locations, as well as providing decreased downtime and increased mobility. Above all, cloud POS systems offer increased data security; data on the cloud platform is encrypted twice – while in transit and while at rest. Double encryption secures information from authorized access.
In summary, cloud POS provides the following distinct advantages, not present in on-premises POS implementations:
1. Financial Capabilities
- Subscription – cloud subscription provides planned cost-effective monthly payments that are affordable and flexible. No need for huge upfront costs for hardware, licensing, and other expenses
- Cost-Effective – organizations can save money on IT staff, infrastructure, and required computer devices
- Secure Financial information and accessibility settings
2. Functionality
- Real-time functionality across all locations on reporting, data, and inventory management
- Mobility – ability to serve a wider customer base on sidewalk sales, outdoor dining during summer months, trade shows, other temporary outdoor venues
- Scalable computing power – increased CPU and memory utilization during busy months without having to buy new on-premises hardware
3. Secure Data
- Data loss prevention since all data for cloud POS systems resides on the cloud
- Cloud Point of Sale support – patch management, upgrades, maintenance releases, POS updates can happen seamlessly without systems downtime and delay
- Secure Financial information and accessibility settings
Cloud POS systems are rapidly replacing on-premise POS implementations as retailers are discovering the power of cloud computing, which provides them with planned subscription spending, real-time data availability, and flexible retail models that increase their revenue and reduce costs.
Author: Arshad Osmani
