Why Your Restaurant Needs A POS For Unparalleled Growth In 2022
A POS can easily streamline all of your restaurant's operations. In this article, we explore the advantages a POS may offer, the cost you will incur if you purchase one, and the features you must search for before you make a decision.
July 25, 2022
6 min read
If you're looking for a guide to the best restaurant POS software in 2022, you've come to the right place. With so many different POS software options available on the market, it can be difficult to decide which one is right for your business.
But before you start choosing the right one for your business, you must know exactly what a POS can do for your restaurant, how much it will cost, and what features you should look for when buying one. In this blog post, we will discuss all of that and more to make sure that you are armed with all the knowledge you need to decide which POS is right for you.
1. What is a Point of Sale (POS)?
A restaurant POS system is a computerized system that helps restaurants manage their sales, inventory, and operations. The benefits of using a POS system in your business include increased efficiency, lower cancellations, and greater profitability.
A POS in your restaurant helps you:
Get real-time insights into sales and revenue
Track inventory levels and automate reordering
Make smarter decisions based on data analytics
Streamline processes such as billing and ordering
Improve customer service with automatic order acknowledgment
Customize bills and receipts to match your restaurant's branding
Easily manage multiple locations from a single dashboard
2. Benefits of using a POS in your restaurant
A restaurant POS offers a wide range of benefits and features but what do they help you achieve? but broadly, it helps you with five key offerings:
Streamlined operations: POS software can help you streamline your operations by automating various tasks, such as sales and inventory management. This can free up your time so that you can focus on other aspects of your business, such as providing excellent customer service.
Increased efficiency: With a POS software, you can run your business more efficiently by automating tasks and providing detailed reports on your sales, inventory, and operations. This information can be used to make informed decisions about how to improve your business.
Accuracy: POS software can help you increase the accuracy of your sales and inventory records. This is important for businesses that need to maintain strict accounting standards.
Improved customer service: POS software can help you provide better customer service by keeping track of customers' orders and preferences. This information can be used to tailor the dining experience to each individual customer, making them more likely to return to your restaurant in the future.
Profitability: POS software can help you boost your profitability by providing detailed reports on your sales and operations. This information can be used to identify areas where you can cut costs or increase revenue.
3. What features should you look for when choosing POS software for your restaurant?
When choosing POS software for your restaurant, you should look for a system that offers the following features:
Billing and KOT: A POS can help you punch orders into a system and generate an automatic KOT. It will reduce table turnaround time and capture essential customer information.
Inventory management: POS software should be able to track your inventory levels in order to help you avoid stockouts and ensure that you have the right products on hand at all times. Learn 5 free inventory management hacks here.
Detailed Reporting: POS software should generate detailed reports on your sales, inventory, and operations. This information can be used to improve your business.
Menu Management: POS software should allow you to edit, modify, and delete items on your menu at anytime such that the changes reflect in all the food apps your restaurant may be connected with.
Delivery Integrations: POS software should allow you to integrate with delivery services if you wish to outsource food delivery in a way that the delivery status can be managed through your POS screen.
Multi-device Support: POS software should not depend on a POS system. You should be able to access it on your laptop or mobile phone.
Integrated KDS: POS software should directly notify your kitchen display system with order updates and requirements without the need for any manual effort.
All these features are offered by very few POS softwares in the industry and UrbanPiper’s POS Prime is among the best today. Check it out here.
4. How much does a POS cost?
The cost of a POS software depends on the features you need and the size of your business. The ongoing costs of POS software include monthly or annual subscription fees and fees for support and maintenance. The annual cost of POS software can range from about 5,000 to 20,000 INR. These costs can vary depending on the POS system you choose. UrbanPiper’s Prime POS is priced at 10,000 INR. Check it out here.
5. Are there any other considerations you need to take into account when choosing POS software for your restaurant?
Other considerations you need to take into account when choosing POS software for your restaurant include:
Reliability: Your POS will become the central hub of your business. You would want minimum to no bugs or downtime for your POS. Choosing software that has a track record of high uptime will define the success of your restaurant operations.
Future-proof: You do not want an old traditional POS that fails to meet the needs of the online ordering world. In today’s time when most of a restaurant’s sales come in through Swiggy and Zomato, you need a POS that can adapt to the same. Look for a POS built recently with features that accommodate the needs of a modern-day restaurant.
Multi-device support: If your POS limits you to a machine, you will be losing out on a lot. Look for POS softwares that can be used on laptops, tabs, and mobile phones. Multiple users from your restaurant should ideally be able to navigate your POS at the same time.
Ease-of-use: POS software should be easy to use so that you can train your staff quickly and get up and running with the system as soon as possible.
Compatibility: POS software should be compatible with the hardware you already have in place, such as computers, printers, and barcode scanners.
Customer support: POS software should come with excellent customer support in case you have any questions or run into any problems.
All these features are available on Prime POS by UrbanPiper. Check it out here.
A POS software can help your business in many ways, from reducing costs to increasing revenue. If you're thinking about getting a POS software for your business, be sure to consider the features you need and the cost of the system. With a POS software, you can streamline your operations and take your business to the next level. But choosing a system that meets the needs of your restaurant is critical. Modern-day POS systems that enable multi-device operations, ease of use, compatibility, and are reliable would be your best bet at optimising your restaurant’s operations for higher sales, higher margins, and higher growth.