The Pros and Cons Of A Cloud-Based POS System
Published: 31st Jul 17
Categories: Customer Service, Money, Success
The Pros and Cons Of A Cloud-Based POS System
For many retail businesses, their point of sale (POS) system represents the heart of their business’s front line.
It is the technology they need to count on daily, so naturally usability and reliability are two huge factors. While the cloud offers some compelling benefits, it still has many shop owners to win over in terms of taking a leap of faith to a new POS system.
So, for those who may be considering making the switch, here are the pros and cons of cloud-based POS:
The Pros
Made for mobile
Cloud-based POS systems in the modern day mean access to sales reporting in real time, wherever you have an internet connection – it’s all possible through a smartphone or tablet. That’s why a cloud-based system might suit business owners who can’t always be on-site.
Reasonable pricing
It is possible to use POS systems on the cloud for rates which won’t break the bank, and monthly fees available under the £40 mark mean that they are no longer the preserve of large chains.
Cut additional costs
If you are currently paying overheads for maintenance, upgrades or software licensing attached to your traditional POS system, you might be seduced by the opportunity to negate these costs which a cloud-based system offers.
The Cons
Cancellation fees
Timing might be the determining factor in your decision over a POS system. If your traditional system will incur a fee for mid-contract cancellation, it could make sense to hold on until you switch.
Counting on your connection
If your business’s internet connection has a history of being shaky, you may want to review your internet service provider before switching your POS system to the cloud. Remember, you will be relying on a stable connection for the entire time you are operational.
Less chance to customise
Typically, purchasing a traditional software-based POS system gives you more opportunities to customise a solution based around your specific needs. The prescribed nature of a web-based service might not suit your business, depending on your requirements.
These are just three pros and cons of a cloud-based POS system. Remember, never rush into a decision, and seek out reviews from customers of any cloud-based systems.
What our clients say...
Very fast response times, flexible, easy to work with. They helped us sort out our financial management and take it forward to the level we need as we grow.
Phillip Oppenheim, Managing Director at Cubana Bar & Restaurants
The team is friendly, dynamic, efficient and works with you for the benefit of your business and a fraction of the cost of having full time in house finance staff.
Jamie Robb, Managing Director at Marlborough Tiles Ltd
I am highly satisfied with the professionalism and expertise demonstrated by VIRGATE. Their streamlined systems and proactive communication ensure efficient and accurate financial management. The team’s dedication to client-centricity is commendable, providing personalized attention and valuable insights. I confidently recommend their services to anyone seeking reliable accounting solutions.
Olivier Mention, Finance Operation Support Manager
Barworks is a London focused bar group with 18 sites. We decided to out-source our accounts function in order to reduce our central costs, improve the efficiency of our management accounts process.
Scott Chillery, Barworks FD
Now more than ever we must rely on a financial partner that we can both trust in and who will ultimately save us money with Sarah and her team exceeding all expectations.
Adam Taylor, Founder, The Feathered Nest Country Inn
They have gone above and beyond, using the latest technology to combine various elements of the business, and providing expert advice on our finances.
Moe Hashimi, Managing Director at 42 Acres Ltd
As a business that has previously received quite basic bookkeeping and accountancy services, Virgate are in a different league. It’s a ‘proper’ bookkeeping and accounts service aligned to my needs.
Louise Palmer-Masterton, Founder at Stem + Glory
Their communication is excellent, and this is really important to us. They’re always there if we need them. They’re happy to explain things to us with patience and clarity.
Sidonie Warren, Founder at Papersmiths
In just a short time we have already seen a 10% increase in our gross profit. As well as other efficiencies such switching to National more cost effective suppliers.
Angelee Sidar, Founder at Soul Deli
Working with Virgate has been an exceptional experience. Their professionalism and personalised approach to our financial needs have truly streamlined our accounting processes, making day-to-day operations much smoother. What stands out is their dedication to client service—Virgate ensures that we always feel supported, even through complex financial scenarios. Their ability to tailor their services to the unique needs of our property has made a significant difference in how we manage and plan our finances. Virgate’s proactive and hands-on approach has allowed us to navigate challenges more efficiently, making them an invaluable partner. I would highly recommend Virgate for any organisation seeking reliable, client-focused financial management solutions.
Saira CIELOSZYK, General Manager Ibis & Adagio London Sutton Point
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