What is a Restaurant POS System?
Restaurant point of sale system have replaced obsolete cash registers with modern computing technology that great streamline the hustle of running a restaurant. Compared to cash registers, POS Systems allow restaurant employees to easily split checks, mange tags, and view the list of modifiers that go with each product. POS Systems can also be linked with Kitchen Displays, Digital Signage, Customer-facing Displays, Waitlist Management systems, and more.
What Is the Difference between a Traditional POS System and a Modern POS System?
Traditionally the restaurant POS system is where a customer makes a payment in exchange for goods or services. To perform this transaction, payment terminals, touch screens and a wide variety of hardware and software options are used. Nowadays, however, the restaurant's point of sale is often referred to as the restaurant's service point, as it no longer deals with sales alone. Modern POS systems for restaurants provide a platform and it is the backbone for smaller and larger scale food and beverage operations and helps to improve customer experience and business operations.
How Does a Modern Restaurant POS System Offer a complete Restaurant Management Platform?
POS systems of any restaurant allow food and beverage operators to process orders and maintain financial control of the company through cash management and integration with payment service providers. In a context where margins are becoming fairer in this sector, restaurant POS Systems have evolved to also include:
- Reports and statistics
- Inventory management
- Employee Scheduling and Attendance Tracking
- Loyalty Programs Gifts Cards
- Accounting and Financial Controls over Labor Costs and Cost of Goods Sold
- Marketing Automation via Email Campaigns and Social Media Outlets
- Omni-Channel Support for Online Ordering via Smartphones and PC's
How to Choose the Right POS System?
The choice of the POS system for restaurants is a fundamental thing for the proper functioning of your restaurant. It is worth to know exactly what you need and what you do not need. Until recently POS systems for restaurants were managed locally. Local solutions require a significant upfront investment needed expensive computer servers to run the system as well as maintenance which can also take a part of the budget. Resources are required to manage software updates, enhancements, and security patches for the POS, which must be scheduled for installation and must be manually installed. Today all this upfront cost can be saved by replacing expensive 1990�s touchscreen technology with iPads on sturdy reliable stands, and also be replacing server-based onsite technology with more reliable cloud-based solutions.
What are the Benefits of a Cloud-connected iPad POS System?
The fact that modern POS platforms leverage the cloud now offer restaurant operators a more reliable solution to manage their operations from anywhere. Food and beverage operators who have adopted a cloud POS system for restaurants already enjoy benefits such as:
The speed of Innovation: With a cloud POS for restaurants new stores will be available on the Internet much faster. Each new release includes a new option that will help you deliver great customer experiences, improve operational efficiency, and increase staff productivity.
Lower IT costs and complexity: With a cloud POS for restaurants, you can reduce initial capital spending on software and hardware. In addition updates, enhancements, and patches run automatically that reducing IT costs and complexity.
Unparalleled customer experiences: With a cloud POS for restaurants you can implement innovative interaction, rewards, and recognition strategies and can deliver customer experiences that achieve brand loyalty.
Data to help you make money and save money: Restaurant POS can be an important tool in your business because it contains details of each and every transaction and manages the things that can kill your business like Food waste, over-staffing, theft.