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Questions to Ask Before Investing in a POS

Introduction and Summary 

POS (Point Of Sale) systems can process payments, track key customer insights, and make your life a whole lot easier. But, not all POS systems are created equally. And, despite what certain companies may tell you, they tend to be pretty expensive. In light of that, it’s crucial to ask the right questions before investing in a POS for your restaurant or small business.               

In this article, we’ll run down the most important questions to ask when purchasing a POS:

  • What Is a Point of Sale System?
  • Questions to Ask Before Investing in POS
  • How Do I Choose The Best POS System?
  • What Is Slice Register?

What Is a Point of Sale System?

POS stands for “point of sale,” so payment processing is its basic function. But, they can do a whole lot more these days. In fact, the best POS systems allow for mobile access — hence the name mPOS (Mobile Point Of Sale).      

  • POS (Point Of Sale) terminals used to be completely stationary. They were designed mostly for taking credit card payments and cash. Over time, they evolved to include tools for CRM (Customer Relationship Management), bookkeeping, and other administrative tasks.     
  • But, just as desktop computers were replaced by laptops, POS systems were leapfrogged by mPOS systems. An mPOS system performs the tasks of a standard terminal with the flexibility to work from anywhere. Touchscreen tablets, iPads, smartphones, and other wireless devices can be used to run your business at home or on the road.         

Questions to Ask Before Investing in a POS

The first thing to remember is that every POS system will sound perfect at first glance. Be that as it may, you don’t want to rush your decision. It’s analogous to buying a car. Every dealer will tell you that they have the best one, but it might not be the right fit for you. And, surprisingly, some POS systems can actually cost more than your car.

To put it another way, you don’t want to get stuck with a lemon. Being that it’s a big investment, you’ll want to ask these key questions:    

Is This The Right POS For Your Business?

Back to the car analogy for a moment. If you need a minivan that is both safe and reliable, you probably won’t spring for an IMAX-type sound system or diamond-studded rims. By the same token, your small business doesn’t need the same bells and whistles as Bloomingdale’s.   

Besides, retail stores operate differently than restaurants. After a retail store makes a sale, the transaction is considered closed. It’s a different story at a pizzeria, because customers will often add toppings and make modifications after the initial order. So, if you own a restaurant, you need to make sure your POS is equipped to handle everything from apps to dessert. 

How Much Will My POS System Cost?

This might be the most important question to ask before investing in a POS system. It’s essential to read the fine print. Most POS systems are affordable at the beginning, but they can hammer you with absurdly high fees and charges over time. On the flipside, some companies will charge you an arm and a leg just to install your point of sale system. Know exactly how much your POS will cost from start to finish, otherwise you could wind up with years of headaches.    

Is This System Totally Mobile?

Long lines make customers head for the exits. But, with an mPOS, you can pop out your iPad and take orders from customers before they run out of patience. Plus, a mobile POS system can improve your service across the board. For example, restaurants prefer mPOS over regular POS because they can bring it directly to tables and ensure order accuracy. 

So, will your POS system work from home or wherever you are? It’s a point that’s often overlooked, so be sure to ask for a completely mobile POS. Not only are they more convenient; they’ll also drive more sales for your business.     

Will This POS Support Growth and Expansion?

Let’s say your small business has just one location here in 2021. However, you could open up more stores in the next few years. Under those circumstances, you’ll need a POS system that can handle your needs as they evolve. Otherwise, you may have to buy entirely new software in a couple of years.    

Does This Software Track Customer Ordering Habits?

The best POS systems will give you actionable insights to improve your business. A restaurant owner needs to know which dishes are popular versus items that aren’t worth selling. Furthermore, the right POS system will make customer engagement a whole lot easier. Want to give a discount to a first-time customer? Your POS system can highlight those fresh faces so that you can treat them with a quick tap. 

Is This POS also Investing in My Business?

While it’s true that you’re a client of the company, your POS should also be investing in your success. Larger software companies only care about their bottom line. As has been noted by many small businesses, they usually see shops as fungible. Can’t make ends meet with your POS? They’ll move on to the next owner. Instead, choose a POS that’s a true first-party partner.    

Investing in a POS? See If Slice Register Is Right For You.

Slice Register is the first POS system made specifically for the pizzeria industry. It’s small-business friendly with pricing to match. And, it’s made to make your day-to-day operations easier than ever.

Consider investing in Slice Register if you want to:

Work From Anywhere

Slice Register is fully mobile, because it includes your very own portable iPad.

Cut Down On Costs 

Your pizzeria doesn’t need ten employees sitting around on a slow night. Fortunately, Slice Register does most of the grunt work. From the front of the house to the back of the house, this POS system could be your employee of the year.

Improve Your Business

Say goodbye to botched orders and technical glitches. This POS was made to be as reliable as its owners. Plus, Slice Register empowers you with the key insights you need to make your pizzeria better than ever. Now, you can add new specials, adjust your prices, and promote your most popular dishes in an instant. 

Receive Daily Payouts

Slice Register comes with Slice Payments, the only payout platform with daily direct deposits for pizzeria owners. 

Work Smarter, Not Harder

As can be seen above, it’s important to ask the right questions before investing in a POS. Is Slice Register the right point of sale for your pizzeria? Learn more and find out. 

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