How an All in One POS Can Save Money for your Small Business

Choosing the right point of sale system is a daunting task for any small business, especially when it is necessary to choose and configure separate components. As Point of Sale News pointed out, an all-in-one POS is a complete system that is tailored to the needs of a particular business and already includes all the necessary components, including cash drawer, bar code scanner, keyboard, label printer, pole display and magnetic stripe reader (1). An all-in-one POS takes the guesswork out of configuring the system, and can also save small businesses money.

Here are four reasons why:

1. Mitigate EMV concerns

As of October 2015, businesses can be held liable for certain types of fraud if they do not have the technology to accept EMV chip-enabled credit and debit cards. According to a report by Hospitality Technology, 47 percent of business owners cited preparation for EMV as a driver in their decision to upgrade their POS systems and software (2). Many POS companies have already launched all-in-one POS systems that are EMV-enabled. By investing in this technology, small businesses can usually avoid the high costs associated with fraud liability.

2. Less expensive maintenance

Working with separate vendors to customize your POS system can be costly, especially when the system requires maintenance. For example, if you are having difficulty with your card reader, there is the likelihood the vendor could blame the issues on a different component of the POS. As a result, small businesses can spend excess time and money solving a simple technical problem, which costs them sales and customers. With an all-in-one POS, one company is typically responsible for maintaining your technology, and technical issues are easier to address since everything is integrated.

3. Longevity

Even though all-in-one POS systems tend to have higher upfront costs, they save businesses money in the long term. The life expectancy of all-on-one POS systems often exceeds that of other systems because each component is equally durable. Today, POS companies know businesses need rugged technology that can handle high-volume situations in both retail shops and restaurants.

4. Ease of use

All-in-one POS systems are also much easier to use, since each component is part of the same technology and software is better integrated. This means employees will spend less time with the machine, which equates to fewer and more efficient business hours. The ease of use of all-in-one POS systems also translates to shorter wait times for customers, which could drive increased sales. Finally, since every component is integrated, employers find they are able to train staff on the technology much more quickly.