The iPad POS System: A Modern Solution for Small Businesses

July 5, 2016 | Comment

If you want your business transactions to go smoothly, you will have to make use of various technologies, among them an efficient point-of-sale (POS) system. Even if you only plan to operate a small business and have no plans of going large-scale, you can still benefit from a reliable POS system. It will make transactions more convenient for you, your staff, and your customers.

Traditional POS Systems

With traditional POS systems, which a majority of businesses are still using today, you will most likely need the assistance of professionals at the outset, particularly in training your staff in the use of the system. You should also seek guidance in creating and managing a backup for your files. The good news is, once you and your staff have mastered the use of your chosen POS system, business processes will be sure to go smoothly and a lot more quickly.

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Perhaps the biggest problem with traditional POS systems is that they come with considerable cost. This is because traditional POS systems require a lot of hardware and comprehensive training (as pointed out above, it’s not very easy to master). This means smaller businesses with limited capital may have a hard time getting one installed. It is also for this reason that many startup businesses wait until they’re already earning stable revenue before setting up a POS system.

The good news is that technology is never stagnant, and recent advancements have introduced an option that is a lot less expensive and a lot more efficient than traditional systems. Finally, startup and small retail businesses can take advantage of a modern POS system without breaking the bank.

The Growing Popularity of the iPad POS System

Yes, you read that heading right. The iPad has gone beyond being a mobile entertainment device that people use to listen to music, watch videos, play games, read online content, and manage their social media accounts. It has now become an important tool in the retail industry, with some people calling it the cash register’s Version 3.0.

Do you still remember the first cash registers? Yes, they were those bulky pieces of equipment that made that now-famous “ka-ching” sound. There are still businesses that use these cash registers today, although their number is dwindling. A majority of businesses are now using Version 2.0 of this equipment, the one that is quieter and typically operated on a flat-screen computer. But just recently, a few entrepreneurs have chosen to switch to POS systems powered by an iPad.

Advantages of the iPad POS

Perhaps the biggest advantage of the iPad, when it is used as a cash register or POS machine, is its portability. This provides you with great flexibility, both in serving customers and in managing your business. For example, your customers can order from practically anywhere, as long as they have your retail software downloaded on their iPad; they can even secure payment on the iPad using a debit or credit card. On the other end of the transaction, you can receive orders and get the items delivered within minutes, making the entire transaction convenient for both you and your customers.

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And when it’s that time of month when you need to generate financial reports, you won’t have to spend long hours at your place of business; an iPad POS system allows you to automatically generate reports within minutes. Even inventory management is made easier with this sophisticated POS system; alerts are sent to you whenever certain items need to be reordered. This gives you an assurance that you’ll never run out of popular products, or ingredients, in case you run a restaurant.

Another huge advantage of the iPad POS, which all business owners will be sure to appreciate, lies in the fact that the software needed for the system is considerably less expensive than that of traditional POS systems. Furthermore, this new POS system does not require a lot of hardware, and the intuitive visual interface of the iPad makes it very easy for anyone to master, which does away with lengthy (and costly) staff training. Considering the wide range of features and considerably lower cost, the iPad POS is clearly a lot more cost-effective than traditional systems.

At present, most establishments taking advantage of the new POS system belong to the food and hospitality business. Technology analysts and marketing experts, however, predict that within the next three to five years, more businesses will be convinced that the iPad POS is the future of the retail industry and make the switch. This isn’t to say that traditional POS systems will soon become obsolete (they’ll probably never completely disappear), just that you can expect to see more of the iPad POS across industries in the coming years. If you’re running a small business and you can’t afford to set up a traditional POS system, this new option could be the perfect solution.