Advantages of Cloud Based POS Systems
If you are a small business that has a single retail store, and you don’t need your retail to be mobile but is fixed in one place, it may be unnecessary to have a cloud based POS software. It is best to stay with a local POS system if you are happy with it and you don’t want to learn new technology.
If you business is not a single store and you need to communicate with your chains, and you usually take your business to shows and festivals, then your business needs are cloud based POS software. Cloud based systems use the internet to allow e-POS systems to communicate, and enable the passing of information from a mobile retail device to the central system.
If your business has multiple stores, an internet based e-POS system makes sharing sales, stock, customer, and other information between retail outlets far easier. Here there will be no conflicting information on the same information which will not inconvenience anyone, because if you have cloud based POS software any information that is updated will automatically be updated for the other chains.
If you business is also being conducted in different settings, you will greatly benefit from a cloud based POS system. If you are selling products at an annual festival, it would be impossible and inconvenient to transport your whole e-Pos system including all of the hardware to the new location, businesses then with local POS software would instead have to rely on monitoring and calculating sales and stock by hand. The process will be slow, even frustrating and can even lead to inaccuracies or an estimated picture of the total sales and stock levels from the event. A cloud based POS system is beneficial for this situation since you can simply use your mobile device to communicate with your central POS system, and calculations need not be done by hand. You can carry out sales and monitor through your portable device, having all the information at hand that you would have at your main retail outlet.
Cloud based pos software makes business easier for business owners and staff. Customers will have a far more informative experience with this. Many stores tell customers of other ranges that are available but are not at the outlet. However, it can be difficult for customers to make decisions out of mere descriptions. Having an internet-based system means the customers can be shown virtual catalogs, with pictures and more information that can be given by the retail assistant.
Cloud based POS make it easier for businesses to keep up to date with software upgrades. Each time a new version is available, you don’t need to research it and install it manually with cloud based systems because it automatically upgrades. For mobile, evolving businesses, cloud based POS has great advantages.
Source: my response