5 reasons small retailers are switching to cloud-based POS

The accelerated growth of cloud technology and the changing business & consumer needs in the 2000s resulted in the evolution of POS systems to their current form. Small and medium retailers, in particular, are switching to cloud-based POS systems for its obvious pros over legacy POS systems in terms of cost, flexibility, scalability, and ability to customize.

The scope of cloud-based POS systems is not limited only to the parameters mentioned above. When plugged in with an optimal technological ecosystem, your web POS platform takes on the role of an ERP system for your retail business.

Still not convinced about the utility of web-POS over legacy POS systems?

Let’s get the truth directly from people who would be directly affected – retailers such as yourself. We interviewed about 300 small & medium retail partners and collated their top five reasons for switching to a cloud-based POS below:

1. Spend less for more

Cloud-based POS platforms cost lesser than their legacy counterparts due to lower upfront costs and reduced installation costs. Moreover, storage costs are eliminated in a web-based POS system. Maintenance and product updates are done via cloud which makes it easier to upgrade the system without incurring additional charges. Most POS providers offer monthly/pay-as-you-go/subscription payment plans without the imbroglio of long term contracts. The ease of payment also makes it all the more easier for small & medium retailers to customize the features as required by business (for example adding a new store location) up to a great extent.

Are you using a legacy POS system? Do away with incessant maintenance and upgrade costs by switching to Posible’s cloud-based POS system at just Rs. 1199/month.

2. Think long-term with integrated modules

Web-based POS systems come with a few integrated modules out-of-the-box, like customer relationship management (CRM), loyalty programs, inventory management, etc. It also allows you to integrate with third-party software and modules. These modules and apps help enhance and customize the features of your POS system as per your business needs. For example, the CRM feature allows you to build customer profiles, view purchase history, membership details, etc. This data can be used to design and implement successful loyalty programs.

Posible’s Lifecycle Marketer helps you design and run automated campaigns based on customer spending habits, age, gender, etc. to drive revisit and sales. Get started today.

3. Leverage the power of data anytime, anywhere

Since data is stored in the cloud, you can easily access your store data at any time, from anywhere. The risk of data loss is minimized as well, as data can be easily backed up from the cloud if the system crashes. Data is also protected using robust data security architecture and stringent protocols to reduce the risk of data theft and loss of business or goodwill.

4. Stay on top of your business with intuitive reporting

Do you know who your most profitable customers are? Do you have insights into their buying behavior? Are you able to track employee performance? Cloud-based POS systems come with some neat reporting features that allow you to drill-down into your data and identify trends or problem areas. Standard out-of-the-box reports help you keep a track on important business metrics such as sales per sq. foot, conversion rate, stock turn, GMROI, shrinkage, etc. which will help you improve store performance and weed out operational efficiencies.

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5. Streamline payment processing and reduce checkout time

Since most modern POS systems come with integration capabilities with 3rd party apps and solution providers, you can use it to streamline payment processing and reduce checkout time. For example, web POS systems can integrate with the new payment methods that are being invented and released by the day. This also helps in creating delightful shopping experiences as consumers are readily adopting these payment methods for making purchases.


Get the Most Out of Posible

Learn about our amazing features and how they can help put your business on the front foot.

Every retailer knows that the success of his/her retail store depends solely on the efficiency of the store operations. Technology has come a long way in automating many facets of retail operations which is evident in the plethora of tools and apps available today. It is, however, easy to get side-tracked and lost in this Amazonian forest of solution providers, especially if you are a small retail business. Should you focus on setting up cash operations and inventory solutions for now? Or focus on an ERP solution right from the start? What will be the cost? How do you keep customers happy and ensure repeat purchases? What about GST billing? It is imperative to consider these parameters when you are trying to select the right POS for your business.

To help clear some of the confusion, we have listed six must-have features that makes Posible one of the leading cloud-based ERP solutions.

1. Customer Relationship Management (CRM):

CRM is possibly the most potent weapon in any retailer’s arsenal. It allows you to build customer databases quickly and efficiently and comes with automations that help engage and build lasting relationships with these customers.

With Posible’s cloud-based retail POS, capture new customer details directly at the checkout, with the option to send them an email receipt. Any new information gets automatically updated/appended to customer profiles which also provide information about purchase history, membership details, wallet balance, & account balances. You can also import your existing contacts in CSV and use the Life cycle Marketer feature to run automated campaigns based on spending habits, age, gender, demographic, and special occasions.

2. GST Enabled Billing

Do away with your GST compliance worries with GST-enabled billing. Posible’s easy-to-use GST invoices software comes with quick search capabilities for both products & consumers, ability to customize bills with your logo/website and create custom bill templates. You can also add discounts to the whole checkout basket or specific items in particular. Add sale/line notes directly on the bill to provide special instructions, special discounts, and run targeted offers.

3. Manage multiple shops

With Posible’s POS solutions you can create a unified dashboard to manage numerous outlets. Get integrated updates on various parameters such as inventory, billing, expenses, etc. to formulate data-driven strategies aimed at optimizing operations for your business. Update/change product prices, special offers, and stock levels across all your outlets on a real-time basis.

4. Reports Management

Posible generates all the data that you need to make smart business decisions. Use a wide range of filters and variables to drill down to the bottom of your operations and identify trends or problems areas that need attention. Run spend analyses on your customers to identify top shoppers, spends, and buying habits. Use these insights to devise promotional, and discount offers to increase bottom-line.

Being a cloud-based ERP system, Posible allows you to access your data anytime, anywhere.

5. Employee Performance Tracking

A good ERP software should allow you to track the performance of your human resources. With Posible, you can monitor and manage employee attendance, personal & employment information, and create IDs. It also lets you set billing targets and track performance against these goals. This is quite useful in identifying top performers and laggards. Accordingly, they can be incentivized or trained. Posible also comes with role-specific access management which helps get your entire workforce on board and effectively manage them from one place, without compromising on data sensitivity.

6. Ensures data security and privacy

A robust data security architecture ensures that you never lose your business data because of a hardware malfunction or data theft.

Sign up for a free trial in 3 simple steps to take control of your store operations with Posible’s cloud-based retail ERP now! Click here to get started.