Do you believe that a modern POS system will not add anything to your already successful business? Well let me ask you this: As a restaurant owner or manager, have you ever found yourself wondering where all the money has gone? Have you been in a situation where the numbers were not adding up? Have you had days when incoming orders were significantly slower than other days? Have you ever wondered why your customers were not finding convenience? And the list goes on…
Well-established and successful restaurant owners believe that their traditional way of doing business is the most convenient and a modern POS would not be of any benefit. We have put down a list of reasons why a cloud POS system will exceed your expectations and become a major player in your even more successful business.
1. Handling Inventory and Loss Prevention
A modern POS system is essential in tracking all the inventory from the time they are purchased to the time the meals are served. Restaurant owners and managers have to keep track of all their inventories because every missing dollar can be costly. Therefore, a modern POS is crucial in keeping the different elements of inventory management on the right track and in safe hands in order to reduce any unwanted costs.
2. Managing All Accounting Entries
Accounting activities are part of every business’s heart, and require extra attention and care. Accounting entries can be tricky and doing it the old-fashioned way is not enjoyable--I would rather be cleaning dishes instead. I can assure you that very few people find delight in crunching numbers and analyzing data for days on end. Why bother doing it yourself, when an automated software, can manage all these numbers with no issues…
3. Keeping Up With Trends
On a handful of days, many restaurateurs find themselves lacking customers and orders; it could be a rainy day in Florida or a snowy one in North Carolina. Wondering why I have become your weather channel person? Well I am trying to prove a point here. With sudden or unexpected changes in customer activities or lack thereof, you are required to adapt and come up with enticing promotions to attract customers, even on bad weather days. A cloud POS system allows you to add or eliminate any specials in-the-moment.
4. Allowing Online Reservations and Ordering.
In today’s day and age, an impressive number of people use the internet to book their future restaurant visit or to place their orders. As a restaurateurs, you have to keep up with these advancements and offer customers a variety of ways to reach you. With a modern POS system, your restaurant would be expanding onto its existing customer base and opening up to new ones.
5. Protecting Customer Data
Would you be comfortable hearing about a breach that has compromised your customers' data? I am positive the answer is a simple “no”. A traditional POS stores all the data in a physical server, which increases the risk of unwanted access. Whereas a modern quality POS system stores all the encrypted information on the cloud making it unreadable if it were to be breached.
6. Promoting Marketing Campaigns
A common practice adopted by restaurants and other retailers is personal marketing, through emails and other forms of contact. A cloud POS system safely keeps customer information (email, phone number, loyalty ID etc.), which can be used to reach out to customers and personalize the marketing efforts. As a result, existing restaurant-goers become more loyal and frequent visitors. While it is more difficult to attract new customers, personalized marketing campaigns maximize on the existing customer base and will eventually facilitate this process and generate positive and desired results.
The traditional way of doing things could be highly successful, but with changing behaviors and trends, restaurateurs have to start adjusting their actions to keep up with the quickly advancing environment. A quality modern POS facilitates the process of running a restaurant by modernizing many of the traditional tasks of restaurant management.
About the Author: Stephanie Gabriel
Stephanie Gabriel is a Marketing Intern at Ordyx POS and a soon-to-be graduate of Florida Atlantic University. She enjoys creating new content and learning about the different marketing and business strategies.
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