Cloud computing has effected sweeping changes in people's life - the way they live and work. It has also transformed business houses and industries of all sizes and shapes. Though relatively new for India, retailers and non-retailing entities are grabbing the opportunity to be in line with the development in an effort to become competitive with their technologically agile peers.
First let's understand certain basics about Cloud POS solutions. Cloud computing is a system which is nothing but you store all your critical data in a remote third-party server (Virtual Private Servers) where you can buy a space dedicatedly for your usage by paying a nominal maintenance fee. These servers are highly safe and secure with multiple backups providing data protection from unscrupulous hacker attacks and natural calamities.
In the case of cloud-based POS system, it helps retail/convenience store or fast food restaurant in many ways. From billing, inventory and wastage management, price-fixing to promotional offers, accounting and multi-store operations, the cloud-based system can do all and even more compared to in-store POS system.
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