Whether you have decided to open a restaurant or you already run one, getting a restaurant point of sales system is extremely important. The most basic function of a restaurant point of sales (POS) system is to accept credit and debit card payments. But modern POS systems can do so much more. They can keep track of inventory, text and email receipts, give you data analysis on sales and customer orders, create invoices, and even help manage employee shifts and responsibilities. Restaurant POS systems are the most important piece of technology that restaurant owners can use to manage their business. Keeping that in mind, here are a few things to consider when looking for the POS system that is right for you.
What Must A Good Point of Sales System Have?
It is imperative for any business to have a point of sales system that is EMV compliant. EMV stands for Europay, Mastercard, and Visa, and mainly refers to the chips found on many credit and debit cards. Any business that is not EMV compliant can be held liable for counterfeit fraud that occurs when customers use chipped cards. Thankfully, almost any modern POS system is EMV compliant. If the one you’re looking at is not, you want to find a much better one. If your POS system doesn’t handle EMV chips, contact your bank. They may replace your system with EMV chip readers for a low cost.
Near Field Communication Support
Near Field Communication (NFC) support is going to be very important in the coming years. NFC refers to contactless payments through mobile wallets like Google Wallet and Apple Pay. Most good POS systems incorporate this feature.
There’s no point in getting a super fancy restaurant POS system if it overwhelms your budget. Thankfully, most quality POS systems only cost about $69 per month, and some companies even offer one-time payments of $40-$50 for basic chip readers. Find the POS system that works within your budget.
24/7 Customer Support
Like any piece of technology, the POS system can be prone to bugs and other mishaps. You don’t want to be left without a working card reader in the middle of a busy service. Make sure that you buy a POS system from a company that offers customer support to address any problems that may occur.
Fits the Needs of Your Business
While you can certainly get by with just a simple EMV card reader, there are a lot of great additional benefits of having a good POS system. Make sure that the POS you choose includes the additions and functions that specifically fit your business. If you own a restaurant, your POS system should include the following features.
Features of Restaurant Point of Sales System
Many POS systems can help you manage your inventory. They can help you keep track of what is being used during service and how much inventory you have at the end of the night. You can also keep track of inventory in real time. If you have a lot of ingredients, it might be a good idea to consider getting a POS system that can manage inventories.
You need to be able to easily manage your products, and a POS system is a great way to do this. A POS system should allow you to easily add, remove, and include product variations based on color, size, etc. You also should be able to easily input stock and tax information to make managing your products easier.
Table mapping is a great tool for those with busy services and a large venue. Table mapping allows hosts to keep track of tables that are in use, and make it quick and easy to find available tables for guests.
Sales data is very important in redesigning your menu and making pricing considerations. Many POS systems can track which dishes are being sold and make it easy to see the strengths and weaknesses in your menu.
POS systems can make it easy to market your business online. You can manage your social media pages, look at reviews of your business, and even send out press releases from your POS system. You can also incorporate things like loyalty rewards programs to help boost your sales through your POS system.
POS systems can help you manage your employees and their responsibilities. You can choose not to allow certain employees to access certain functions (like giving refunds) and can schedule shifts all in one place. Your POS system can even help you manage employee salaries and tips.
As a restaurant owner, it can be difficult to remain on site at all times, and there are some cases where you may need to access your POS system on the go. Having remote access to inventory, shifts, and sales data is very important.
Your POS system will be the heart of your business’ operations. That makes it incredibly important to choose a system that helps you reach your goals and run operations smoothly. There are a lot of options for restaurant POS systems out there, but the key is finding the right one for you and your business. While additional features may cost extra, they can really help you manage your inventory, product variations, and employees. It is absolutely worth it to spend the extra money for these purposes. For a list of the 20 best POS systems for restaurants, go here. We hope this article gives you an idea of what to look for and what to avoid when looking for your POS system, and that you find the right one for your restaurant.