Choosing the right Point of Sale (POS) system is a pivotal decision for any retail business. The ideal system should streamline operations, enhance customer experience, and support business growth. Before making an investment, consider these seven essential questions to ensure you select a POS system that aligns with your business needs.
1. Is the POS System Cloud-Based or On-Premise?
Cloud-based POS systems offer flexibility, real-time data access, and often lower upfront costs compared to traditional on-premise systems.
- Over 60% of retailers have transitioned to cloud-based POS platforms.
- 78% of small-to-medium retailers prefer cloud-based systems for scalability and functionality.
We know how important it is to be able to manage your store from anywhere. That’s why Syncrostore can be used on almost any device with a web browser.
2. What Are the Total Costs Involved?
Understanding the full cost of a POS system—including hardware, software, installation, and ongoing fees—is crucial for budgeting.
- POS software ranges from $50 to $200/month, with hardware costing $300 to $1,200.
- Installation fees can reach up to $1,000 depending on system and support level.
Syncrostore Pricing can be found here. Hardware is priced separately through your chosen payment provider. There is even a free hardware option for those that qualify. There is no other POS system on the market that offers more bang for the buck.
3. Does It Support Mobile and Contactless Payments?
With the rise of mobile wallets and contactless payments, it’s essential that your POS system accommodates these payment methods.
- 82% of U.S. consumers use digital wallets like Apple Pay and Google Pay.
- 75% of retailers now support mobile payments to meet demand.
Syncrostore’s Hardware Kit comes standard with a an 8-inch multi-functional tablet with an embedded payment module, serving as a mobile POS and customer-facing display.
4. How Does It Handle Inventory Management?
Efficient inventory management is vital for reducing costs and meeting customer demand.
- Retailers using POS data for inventory see 30% higher revenue growth.
- Cloud POS enables real-time tracking to prevent stockouts and overstocks.
Syncrostore makes inventory management simple by letting you add, edit, and organize your entire product catalog from anywhere. With real-time syncing and built-in barcode tools, you’ll always know what’s in stock—across every location.
5. Is the System Scalable and Customizable?
As your business grows, your POS system should adapt to new locations, products, and customer needs.
- The POS market is projected to grow to $110.22 billion by 2032.
- Cloud POS systems improve transaction speed and accuracy by 30%.
Syncrostore doesn’t limit the amount of items, vendors, transactions, or other important functions of your POS system. We’ll grow with you!
6. What Kind of Support and Training Is Available?
Reliable customer support and comprehensive training resources are essential for smooth operations and quick issue resolution.
- Only 19% of businesses use POS systems less than two years old.
- Over 50% of POS systems in use are more than five years old, lacking modern support features.
Syncrostore is an American-based company with an American sales and support team. Once you sign up with Syncrostore, your account isn’t passed off to some call center.
7. Does It Offer Robust Reporting and Analytics?
Access to detailed reports and analytics helps in making informed business decisions.
- Using POS analytics leads to 30% higher revenue growth on average.
- Advanced POS tools provide sales trend insights and help optimize operations.
Selecting the right POS system is a significant investment that can greatly influence your business’s efficiency and profitability. By asking these critical questions and considering the associated statistics, you can make an informed decision that supports your business goals.
