Point of sale

How Switching to Mobile POS Can Dramatically Increase Your Revenue

Diksha Adhikari
August 30, 2024
1 mins

Table of Content

Traditional point-of-sale (POS) systems have long been used to improve customer retention and safeguard customer data. Still, they may not be the best option when it comes to flexibility. On top of that, what if the upfront cost of POS hardware seems daunting for your budget?

This is where mobile POS systems come into play. They are designed to operate seamlessly on tablets or smartphones. With these systems, you get the best of both worlds—strong POS software with lower initial expenses. In this blog, you'll learn what makes mobile POS a better option than traditional POS for your restaurant.

What is a mobile POS system?

A Mobile POS for restaurants is a portable point of sale on a smartphone or tablet that allows your customers to manage their transactions right from their device. This system transforms a traditional register setup into a sleek, cloud-based operation. All it requires is a device and an internet connection to function.

By 2028, in the Mobile POS Payments market, the number of users is expected to amount to 2.01bn-that's huge!

Here are some key features of a mobile restaurant POS system:

  • Integrated financial and accounting software: It merges your sales and payment data with your accounting records to streamline financial management. 
  • Cross-platform functionality: It adapts smoothly whether you're using a tablet or a desktop. You can manage your operations on any hardware you prefer.
  • Inventory solutions: Inventory solutions keep track of your stock in real-time, so you're always in the know about what's available and what's running low.
  • Portability: Offers the flexibility to conduct transactions anywhere in your restaurant, from the front door to the back kitchen.
  • Advanced reporting: These tools offer a window into your business's performance with detailed insights.

Compared to traditional POS systems that are often bulky and tied to one spot, mobile POS systems bring unmatched flexibility to the table. You can carry the entire sales system along with your device, no matter where you go. 

Research by Starfleet Research for The Smart Decision Guide to Restaurant Management and POS Systems shows that after upgrading to advanced POS systems, 84% of full-service and 72% of quick service and fast casual restaurants saw a significant boost in their revenue.

Common Pain Points Without a POS System

Working without a POS system can be a headache. It can hinder your restaurant's ability to provide excellent service to your customers. Here are some of the common issues restaurants face when they don't use a POS:

  1. Inefficient Order Management

Operating without a POS system can make managing orders feel easy. Misunderstandings between your waitstaff and kitchen can become more common, which may raise the chances of mistakes and delays in meals. 

Say a server doesn't quite get a diner's special dietary request or forgets to write it down—and, you're serving a meal that wasn't expected. This misstep can disappoint your customer and tarnish their dining experience. Having a reliable POS system helps keep everyone on the same page.

  1. Errors in Billing and Payments

Handling bills manually can often lead to errors that are not just frustrating but also potentially expensive. When totals, taxes, and split bills are calculated without automated help, there's a higher chance of mistakes. If a server accidentally charges a customer for the wrong table or gets the maths wrong on the total bill. 

These mix-ups can cause disputes and may even harm your restaurant's reputation if they happen often. Using automated software helps minimize these errors and makes sure that every transaction is accurate.

  1. Inventory Mismanagement

Managing inventory is no easy task, especially without the help of a POS system. You never know when you might run out of essential ingredients when you need them the most. And nothing disappoints your customers more than hearing their favourite dish is not available. 

This could lead to missed sales opportunities and leave your guests less than thrilled. When you have a system tracking your inventory in real-time, it becomes easy to stay prepared beforehand.

  1. Poor Customer Service

When these problems—like long waits, order mix-ups, and billing mistakes—pile up, they drag down the customer experience. And as a restaurant owner, you must know the stakes of leaving your customers unhappy. 

A minor bad review, either online or offline, can turn potential customers away before they even step through your door. When you have a POS handling these operations, it becomes easier for you to provide better service to your customers.

Benefits of Using a Mobile POS System

There are several compelling POS system benefits that can transform your operations and enhance customer satisfaction. Here's how:

  1. Streamlined Operations and Faster Service

Mobile point-of-sale systems bring a new level of efficiency to serving guests, particularly during the hustle and bustle of peak hours. Their portability allows staff to take orders and process payments right at the table, cutting out those time-consuming walks to a stationary terminal. This streamlined process speeds up service and helps manage guest flow more smoothly. 

  1. Accurate Billing and Reduced Errors

Getting the bill right is key to keeping your customers' trust. Mobile POS for restaurant systems helps reduce human errors by automating how bills are created and calculated. This means every order is recorded accurately, and the math is always right, decreasing the likelihood of billing mistakes. 

When it comes to things like dividing the bill among guests or adding discounts, the mobile POS system manages it smoothly. 

  1. Real-time Inventory Tracking

A significant advantage of mobile POS systems is their ability to manage and track inventory in real-time. As orders are placed, the system automatically updates inventory levels. It alerts you when supplies are low and even automates reordering for essential items. 

This real-time data prevents the situation of having to inform guests that their desired menu item is unavailable after they've ordered it. It keeps your menu offerings and stock maintained.

  1. Enhanced Customer Experience

Servers have instant access to menu details, ingredient lists, and availability, which means they can answer guest queries without delay or having to check with the kitchen. 

Moreover, their ability to provide personalized recommendations and accommodate special requests, like dietary restrictions, can make the dining experience more personal and satisfying.

How to Increase Revenue with POS

You now know why mobile POS systems deserve a place in your restaurant, but how does it add to your revenue stream? Let's find out:

  1. Faster Table Turnover and Reduced Wait Times

With mobile POS systems, there's no need for your staff to go back and forth to stationary terminals. Both the orders and payments are taken care of at the table. This way, your customers get speedy service without having to wait long.

They can immediately pay their bills after dinner without waiting for a server to return with their credit card. As a result, your staff gets to entertain more customers, especially during peak hours.

  1. Upselling and Cross-selling Opportunities

Having a smart software, servers get timely reminders to suggest extras that complement a customer's order. For instance, while ordering a burger, the mobile POS for restaurants might nudge the server to recommend a craft beer that pairs well with it. It will keep your customers happy while boosting the average sale per customer.

  1. Loyalty Programs and Personalized Promotions

Mobile POS systems can be easily integrated with your loyalty programs. This integration makes it easy for new members to sign up and apply rewards to their payments. Not only this, personalized promotions not only make each guest feel special but also boost the chances they'll come back and spend more each time they visit. 

  1. Better Data Analytics and Informed Decision-Making

Mobile point of sale keeps track of your analytics and makes it easy for you to stay responsive to these insights. It analyzes data on popular menu items and busy periods, which can help you fine-tune your menu to better meet customer tastes and schedule your staff more efficiently to handle the rush. It also provides insights on managing your inventory more precisely so that no or lesser wastes are there. 

Choosing the Right Mobile POS System - Key features to look for

Wondering what to look for in a Mobile POS system so that you can make the most out of your investment? Here's a comprehensive guide on key features to look for, along with some tips for smooth implementation:

Key Features and Questions to Consider

  1. Comprehensive Functionality Beyond Payments

Ensure the mPOS handles more than just transactions. Its key functionalities should include inventory management, loyalty programs, and customer relationship management (CRM). 

Ask the provider whether the system supports both iOS and Android. Can it cater to specific needs like menu management and loyalty programs?

  1. Compatibility and Integration 

The system should work seamlessly with other restaurant setups and integrate well with the third-party software you currently or plan to use. Confirm about the third-party integrations available. Is the mPOS capable of handling different operational setups like retail and dining?

  1. User Accessibility and Support

Look for systems that offer a self-service portal, extensive support, and training resources. Before you choose, check what kind of customer support is provided. Are there training materials and onboarding processes to help staff adapt to the new system?

  1. Compliance and Payment Security

EMV compliance and the ability to accept NFC payments like Apple Pay or Google Wallet are essential for securing customer transactions. Ask the provider if the system is EMV compliant. Can it process NFC payments?

  1. Scalability and Flexibility

The system should support multiple devices and scale up with your business. It should handle everything from a single register to various outlets. Consider whether the system can grow with your business. Does it support multiple registers and locations?

  1. Analytics and Reporting

Advanced analytics and reporting capabilities to track sales, customer interactions, and inventory. Check what kind of analytics and reporting the system offers. Can it provide real-time data insights?

  1. Cost Efficiency

Prioritize affordable hardware costs and flexible software licensing. Enquire about the initial and ongoing costs and if there are any hidden fees.

Tips for a Smooth Implementation

To make sure the implementation process of your Mobile point of sale is as smooth as your operations, keep these tips in mind:

  • Provide staff training: Make sure to conduct thorough training for your staff so that they know what they're dealing with. The faster they adapt, the smoother your transition will be.
  • Do pilot testing: Before going fully live, run a pilot test in a controlled environment. This will help you identify any issues or areas for improvement.
  • Data backup: Ensure that all your existing data is backed up before integration. This protects your business against data loss during the transition.
  • Customer communication: Inform your customers about the benefits of the new system and the POS system. This can enhance their experience and manage expectations during the switch.

Conclusion

Adapting to the latest technology is essential for success, and for restaurants, staying updated means integrating tools like mobile POS systems. These systems bring unparalleled ease to your operations and help to increase efficiency and boost revenue. 

Ready to see the difference a mobile POS can make in your restaurant? Check out OneHub's mobile POS system and watch your revenue grow. Schedule a demo today and see how easy it is to enhance your restaurant's performance.

FAQs

How can a Mobile POS system improve customer service?

A mobile POS system enhances customer service by speeding up transactions, reducing wait times, and allowing staff to focus more on customer interaction.

Are Mobile POS systems secure?

Yes, mobile POS systems are secure. They utilize advanced encryption and secure payment technologies like EMV and NFC to protect transaction data so that both customer and business data remain safe from unauthorized access.

Can we use existing Android hardware devices? And what is the cost of new hardware?

Many mobile POS systems are compatible with existing Android devices, which can help reduce costs. New hardware, if needed, typically ranges from affordable tablets to more specialized POS hardware, depending on business requirements.

Does the MPOS require totally new software?

No, many mPOS systems can integrate with your existing software. However, compatibility varies, so it's crucial to check with the mPOS provider about integration capabilities with your current setup.

How much does a Mobile POS system typically cost?

The cost of a mobile POS system varies widely based on features and scale, ranging from free basic versions to premium packages that might cost hundreds per month. Setup and hardware costs can also apply.

Can we use the 52ViKING MPOS if our existing POS software is not from Fiftytwo?

Yes, the 52ViKING MPOS is designed to be compatible with various POS software systems, not just those from Fiftytwo. However, ensure to verify specific compatibility details with Fiftytwo to avoid any integration issues.

AUTHOR
Diksha Adhikari
Content Marketer - OneHubPOS

Diksha, a seasoned content marketer, brings hands-on experience in website management, social media marketing, and branding. Her expertise drives efffective and results-driven digital strategies.

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