Why let the restaurant lag when every other business is evolving into the digital world? Digitizing restaurant management is merely an implementation of POS Software at your restaurant. The new entrepreneurs in the industry might not know the benefits of a restaurant POS system. So, let’s talk all the necessary information about a restaurant POS software and how it provides help in business growth
What is a Restaurant POS Software?
A restaurant POS software is a point of sale system that automates the processes of order taking and transactions that happen at a restaurant. It also helps you to manage your restaurant’s stock and inventory in a much efficient way.
Classical POS Systems
Unlike modern POS systems, a classical point of sale was merely a restaurant billing software that performs these two operations on manual commands i.e. accept orders and generate their receipts. They were created for on-premises use – no centralization, no automation.
Modern Cloud-Based POS Software
Well, the advent of cloud technology has evolved POS systems to become a complete restaurant management solution. These software solutions are armed with Stock & Inventory Management, Reports & Analytics, Customer Relationship Management, and many more amazing features. However, a complete software solution for restaurant POS reduces manual effort and simplifies processes.
● Smarter Solutions with Third-Party Integrations
The smarter POS solutions allow smooth integrations with various third-party applications such as E-wallets, Online Order Placing, Table Reservations, etc. This feature makes the restaurant POS machine a 360 solution for restaurant management.
● Offline Support
The ultimate cloud-based restaurant POS software never misses any updates in the database. However, it works both online and offline. This means if your internet connection gets lost somehow, the POS ensures that your restaurant operations never stop. Then the information is updated on the centralized cloud as soon as it gets reconnected via the internet.
5 Benefits You Get from A Restaurant POS Software
Let’s look at the following 5 benefits that you achieve by installing POS software for your restaurant.
1. Eases Your Billing Operations
One of the critical operations in any restaurant is billing. There are several factors, such as menu availability, order processing, final transaction; are involved in the entire billing cycle. So the efficient handling of these factors can simplify billing operations. Let’s discuss these factors below.
- Menu Availability
Serving the menu manually on each table and then taking orders from every table is a time taking hassle. That’s why you need some complete automation all from menu availability through order processing to the final transaction.
- Order Processing
So a restaurant POS system allows both the customers and the servers to view the entire menu on their smartphones or tablets. Through which the customers can place orders in a few taps and staff can process the incoming orders displayed on their screens. This feature will result in the reduction of the manual labor involved.
However, a smart restaurant POS machine is able to see orders from all the delivery channels that are pushed into the cloud.
Apart from cash payments, customers can pay their bills online with integrated e-wallets. Their payments are received on the restaurant’s end digitally; making the transactions quicker, safer, and simpler.
2. Manages Your Stock & Inventory Efficiently
One of the biggest reasons for restaurant failures is not keeping a keen eye on stock and inventory. Inefficiently managed stock and inventory may lead to either over-ordering or under-ordering.
Therefore, a restaurant POS saves you from such aforementioned disasters by enabling you to control stock and inventory efficiently.
● How does this work?
Well, there is a wide list of POS systems available on the internet. And not every system allows third-party integrations. Whereas, many software solutions, like SMACC, have integrated many additional features.
Therefore, such smart POS software also has an integrated Inventory Management System. This integration makes them act as all-in-one solutions.
- Notification alerts
So, you receive timely alerts on your POS software whenever a stock item touches its reorder point. This feature helps you ensure that your kitchen never runs of necessary stock. So, it saves you from stockout crises.
It also helps you from overstocking complaints by managing the following factors electronically:
- The recipes of the meals.
- The stock needed for each recipe.
- The required quantity of each stock item for every recipe.
- The capital needed for purchasing the stock.
- A central kitchen for managing the multiple outlets.
Therefore, the ultimate POS gives you detailed descriptions of the amount of actual stock consumed and required.
3. Real-Time Reports & Analytics
Imagine you have to visit your restaurant outlets physically to analyze the sales and reports. And on top of that, your outlets are located far away from one another. Does it sound like a terrifying hassle? Yes, right!
To save you from this, your restaurant POS system will provide an amazing feature of analyzing real-time reports. No matter where you are, are which device you are using, you just need an internet connection to check the reports. With real-time reports, you will always be well aware of your restaurant operations.
Moreover, you can generate clear insights into global sales reports or from every outlet individually. Besides that, you can customize the reports view such as graphs, charts, lists, etc. to compare them.
4. Manages Multiple Outlets
Which business does not wish to grow and expand? No one, right? Every business, either small or large, dreams for expansion. You must be aiming to do so, right? So to achieve this, you have to install a restaurant POS system that supports your business to grow.
But the point is, how does the best restaurant POS software actually support the business growth? To understand this concept, let’s read first that what stops the business growth. So, the following factors are responsible for the business halt.
- Manual accounts management
- No sales tracking
- Poor stock management
- No access to sales history
- The inability of fetching analytical reports
- Manual sales tracking of all the outlets
Now, let’s read how the right POS system prevents the above problems that conclude the business growth ultimately.
- The efficient POS system manages the sales digitally and records them automatically from all the sales channels. So, you will receive detailed reports of all the sales from every outlet.
- Similarly, you can check the revenue generated from each outlet individually.
- With a centralized kitchen, you can easily manage the stock across all the outlets.
- When every sale is recorded, you can compare sales reports in terms of revenue. Also, you can compare your outlets regarding sales.
Once you know that you have complete access to every little insight of your business, you can manage your restaurant easily. As the majority of the tasks are automated, you will find restaurant management way simpler. Now you can focus on establishing another outlet. Or, you can generate higher revenue with the existing outlets without facing mismanagement across them.
Thus, you can make smarter decisions for business expansion with simplified outlets management.
5. Secures Restaurant from Internal Thefts
Internal thefts have always been a popular complaint among restaurants. How do the thefts occur? They occur when you have to be dependent on your staff for generating bills and reports.
Therefore, to prevent internal thefts, your restaurant POS will be providing you real-time reports without having to involve any person. Thus, removing the dependency on other persons means you can restrict their access to any section you want.
With real-time reports, you can analyze if any misappropriation is stretching behind you in your restaurant.
Thus, once you are all armed with the innovative and modern POS software for your restaurant, you will surely win the race in the food industry!