Before implementing any kind of POS solution, it is pivotal to define why you need a Point of Sale development, what problems it should resolve in order to choose the needed type of POS.
POS software ensures secure transactions and provides financial management in order to adjust the sales strategy and perspectively grow the revenue of the company.
Read More: E2open Named A Leader In The 2021 Nucleus Control Tower Value Matrix For Seventh Consecutive Year
Basically, there are four different types of POS solutions:
- Traditional or on-site
- Cloud-based
- Mobile
- Self-service
Currently, cloud-based POS systems are in high demand including mobile mode (mPOS) within the system. If traditional POS apps collect and save data on the local server, cloud-based POS stores data in the cloud server with remote access to it from different devices and locations.
The variety of market-available POS systems is really vast offering different features and pricing plans. However, there are also numerous problems that off-the-shelf POS solutions cause like: unavailability of mobile mode and offline solutions not depending on the internet;
the absence of PCI compliance that ensures secure transactions and protects the credit card information of customers; lack of technical support for your vendor to fix the system errors ASAP; inaccurate report generation eliminates the capacity to track your sales data correctly and make the amendments in the current strategy.
Read More: SalesTechStar Interview With Mary Pat Donnellon, Chief Revenue Officer At CallRail
Besides, ready-made POS systems are not free and require monthly or annual payments for usage. The pricing plan depends on the range of functions you need for your business – the more you require, the more you need to pay. Initially, the sum can seem to be affordable but the functionality is likely to be limited and not enough to scale with your company, so this would be a waste of money.
Custom POS development requires an investment of money, time, and resources. It is not a one-day process as only the specifications collection can take several months to ensure that the team builds a solution that will resolve all your business issues and correspond to your and your customers’ expectations. GBKSOFT software development company that specializes in custom POS development dedicates a bunch of time to defining the main goals and tasks to the future solution to make it highly functional and operating for their clients’ businesses.
All in all, custom POS development aims to meet your individual demands. If you don’t know what these demands are, then your future software development partner will help to figure them out.