POS or Point Of Sales is a valuable business tool that is used by retail sectors like restaurants and hospitality companies. these POS replace the traditional cash register machines and provide the company with more facilities. Almost all of them help with tracking inventory across various channels along with handling employee schedules and clock-in. With time and advancement, technology plays a major role in the constant evolution of these free online POS systems. Below are a few advancements in online POS systems that are changing business everywhere.
- Alternative payment methods
As we move towards a cashless society, where a rise in online and card payments is been witnessed, it is expected for companies to expand their payment options for customer convenience. New options like contactless payment, amazon pay, buy now pay later(BNPL), instalment .saved payment, bill splitting, gift cards and loyalty programs are included. these are flexible and allow the company to include more customers.
- Wireless POS solutions
Traditionally in retail, transactions happened in only one place i.e. the checkout counter. However, in modern settings, the counter system has been abandoned. Staff with handheld devices can be found around the store who look up items for customers to finish the selling process on their own. Mobile POS has taken over the world where customers can order at trade shows, and pop-ups all while data is synced with the main store.
- Shifting to Cloud-based Software
POS technology comes with a lot of advantages like personalized shopping and omnichannel experience. this heavily depends on different parts of the system that are sharing data. The most common way to do so is through a Cloud-based server that is handled by the POS company. They ensure that their server is secure and up to date. this makes it more convenient for small businesses as they can not afford their server.
- Rise in POS Data analysis
Many customers give personal information to businesses including their their purchase history, preferences and personal details. One of the reasons they do so is because it makes the checkout easy and sometimes offers are given on providing information. Using the POS system, companies can check inventory like which item is popular among user and seasonal trends so that they can adjust their inventory. These systems also come with add-ons that provide data for better business decisions like Customer surveys, time tracking and scheduling along with foot counters and patrol softwares. this information helps the store understand its customers more therefore increasing repurchase and loyalty.
The demand for POS services has increased significantly over the years. Many Companies are providing their POS services. One such company is Floreant. This is a restaurant-based free online POS company that is free of cost. they come with no advertisement and hidden costs. The process of downloading and using it is also straightforward, unlike others. One of its major advantages is that it runs without internet and provides additional support like touch screen terminals, kitchen printers and cash drawers that make the choices of several restaurants. they have been serving in this sector for a decade and are the first enterprise-grade restaurant POS that is released on a public domain. you can visit their website to know more.