Retailers are regularly on the lookout for ways to improve the customer experience and cut costs—if there’s a way to do both at the same time, that’s even better. One emerging trend in this area involves utilizing mobile technology to help expedite certain transactions. Tech companies, restaurant chains, clothing stores, and more businesses have implemented cloud-based point-of-sale (POS) systems in an effort to reduce long lines and other potentially problematic retail behaviors.
What Is a Cloud-based POS System?
Traditionally, when you go to the grocery store, the final step in your customer service journey includes the interaction you have with a checker tending a stationary till at the front of the store. The number of checkers and cash registers is limited by the resources available. As a result, customers might have to wait in long lines to make their purchases. If this sounds like a familiar scene, you’re not alone.
What is less familiar (but currently growing in popularity) is the mobile POS system, which manages transactions and other customer-related actions exclusively online. As a result, the transaction is accessed remotely using a mobile technology device like a smartphone, tablet, or iPad.
Is a Cloud-based POS System Safe?
Customers not accustomed to making purchases online might find the mobile POS a little intimidating, especially if they’re fearful of online corruption or attacks. For customers who are comfortable with making online purchases, the process is only slightly different from buying goods at popular online retailers like Amazon or eBay.
For customers, cloud-based POS systems are just as secure as traditional transaction methods. Security features include encryptions and fire walls to protect incoming and outgoing personal data.
From a retailer’s perspective, the shift to a mobile POS system actually mitigates some risk of fraudulent activity. In the future, credit card companies are expected to make good on all purchases (even fraudulent purchases) so long as the vendor has upgraded to a mobile system.
A Better Customer Experience
One of the greatest advantages of using a mobile POS is that customers can make purchases from anywhere in the store. Moreover, with sales associates standing by, customers can get answers and assistance for a broader range of needs, including inventory, warranty specifics, price checks, and more.
By making this information mobile, retailers stand to save money on overhead while simultaneously making more money on the sales floor. Imagine how much potential business is lost because a customer doesn’t want to wait in line to ask an inventory question. By offering a mobile solution, associates can deliver expedited service to customers that would otherwise never make it to checkout. Meanwhile, giving sales associates more flexibility on the floor will make them more productive and likely reduce the number of required sales associates.
It’s not a matter of if retailers will decide to make the switch to mobile POS; it’s really a matter of when. Several retailers have already made the transition and are offering customers a wide range of transaction options like mobile receipts and quicker checkout times. As the technology develops further, this trend will become as prolific as retail stores themselves, ultimately changing the way we do business on a daily basis.