Cloud POS System or Cash Register. Which Should Your F&B Business Get?

Years ago, cash registers were the only option of accepting and processing payments and tracking of daily sales. Today, cash registers in most F&B businesses like restaurants, quick service food kiosks and coffee shop stalls have been replaced by more sophisticated, modern cloud POS systems. 

What is a cash register?

Cash registers are traditional payment processing units on a countertop. Its main purpose is to record sales and store cash. At the end of the day’s operations, a daily sales report can be printed out for F&B managers to tally payment collected and for record-keeping purposes.

Who are cash registers suitable for?

Cash registers are for F&B business owners whose priority is getting a payment processing system that is cheap, able to hold cash and record daily transactions but are willing to make do without F&B business management capabilities of a modern cloud POS system.

Reasons to not use a cash register

Apart from keeping cash, recording transactions and simple daily sales reporting, there is not much else that a cash register can do to boost the productivity of your F&B business.

There is a limit to the number of hotkeys that menu items can be assigned to for quick order entry without having to enter individual menu items when billing. This makes bill processing slower.

What is a Restaurant Cloud POS System?

A restaurant cloud POS system is one that is designed with essential restaurant-specific functions in mind, with cloud connectivity. Functions may vary from POS vendor to vendor, but a good restaurant cloud POS system like MEGAPOS has essential features like these:

• Integration to contactless ordering systems (QR ordering, online food ordering & self-ordering kiosks)
• Integration to food delivery platforms i.e. GrabFood
• Able to handle modifiers and remarks, and assign specific remarks and modifiers to specific menu items
• Able to create set meals
• Table management feature
• Run automated preset promotions
• Able to link up kitchen printers and kitchen stick label printers
• Itemizes orders and sends them to specific kitchen sections
• Able to integrate with back of house solutions i.e., kitchen display solution, CRM solutions, accounting software.
• Cloud connectivity to allow you to manage your F&B business remotely and gather insightful information through comprehensive reports and dashboards of various aspects of your business.
• Integrated with contactless payment terminals
• Tight security control features to safeguard your revenue

Why get a cloud POS system for your F&B business?

Cloud POS systems have more functions and are more integratable to modern digital solutions to boost your business management productivity.

Essentially, a cloud POS system will function as the central hub which seamlessly integrates your front of house operations with your back of house operations.

On top of that, you are able to manage your POS system’s settings, analyze reports and dashboards that cover almost every aspect of your F&B business through a cloud-based online backend.

By adopting a cloud POS system for your F&B business, you open the gateway to adopt digital tools that raise the productivity of business management and the efficiency of your front of house operations. Thus, allowing you to save cost and increase profitability.

Getting a cloud POS system for your business

The MEGAPOS team has had 17 years of experience in the POS system industry. Click here to speak with our solution consultant today to understand more about cloud POS systems for your F&B business.