When it comes to choosing a Point of Sale (POS) system for your restaurant, the options can be overwhelming. With so many different features and prices to consider, how do you know which system is right for your business?
To help make the decision easier, we’ve put together cheatsheets that will guide you through the process of choosing a POS system.
- The 7 Types of POS Systems
Not all POS systems are created equal. There are a variety of systems to choose from, each with its own set of features and benefits. Here are seven of the most common types of POS systems:
- Traditional POS Systems
- Cloud-Based POS Systems
- Mobile POS Systems
- iPad POS Systems
- POS Restaurant Systems
- Bar POS Systems
- Retail POS Systems
- The 10 Most Important Features of a POS System
When choosing a POS Restaurant system for example, it’s important to consider the features that are important to you and your business. Here are 10 of the most important features to look for:
- Inventory Management
- Employee Management
- Reporting and Analytics
- Customer Relationship Management (CRM)
- Payment Processing
- Gift Cards
- Loyalty Programs
- Scheduling and Time Tracking
- Menu Management
- Third-Party Integrations
- How Much a POS System Should Cost
A POS system can be a big investment for your restaurant, so it’s important to find one that fits your budget. Here are three things to keep in mind when pricing out a POS system:
- The upfront cost of the system
- The cost of hardware and software upgrades down the road
- Monthly fees for software and support
- How to Choose the Right POS System for Your Restaurant
With so many options available, how do you know which POS system is right for your restaurant? Start by asking yourself these questions:
- What features do you need?
- What’s your budget?
- What type of restaurant do you have?
- How tech-savvy are you?
- Are you looking for a cloud-based or traditional POS system?
- How many terminals will you need?
- What kind of customer support do you need?
- The Pros and Cons of Cloud-Based POS Systems
Cloud-based POS systems have become increasingly popular in recent years, thanks to their many benefits. Here are some of the pros and cons of cloud-based POS systems:
- Low upfront cost
- No hardware needed
- Access from any device with an internet connection
- Automatic software updates
- Quick and easy installation
- Dependence on the internet
- Potential for data loss or theft
- Less customization options than traditional POS systems
- Higher monthly fees
- The Pros and Cons of Traditional POS Systems
Traditional POS systems have been around for decades, and they remain a popular choice for many businesses. Here are the pros and cons of traditional POS systems:
- More customization options than cloud-based POS systems
- Higher upfront cost
- Lower monthly fees
- Often includes hardware
- Requires hardware installation
- Less mobile friendly than cloud-based POS systems
- More maintenance required than cloud-based POS systems
- Less features than cloud-based POS systems
- How to Choose the Right POS System for Your Business
Now that you know the different types of POS systems and the features to look for, how do you choose the right one for your restaurant? Here are four steps to help you make a decision:
- Define your needs
- Compare different POS systems
- Test out different POS systems
- Make a decision and purchase the system
- How to Get the Most out of Your POS System
Once you’ve chosen a POS system for your restaurant, it’s important to make sure you get the most out of it. Here are four tips to help you do just that:
- Make sure the system is installed correctly
- Train your staff on how to use the system
- Use the reporting features to track your business’s progress
- Make sure your hardware is up-to-date
When choosing a POS system for your restaurant, it’s important to consider your needs and budget. These seven cheatsheets will help you make the right decision for your business.