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Nearly half of Canadian small businesses are using old technology to process sales

Canadian small businesses are taking on modern, tablet-based point-of-sale (POS) solutions in remarkably low numbers, according to research study commissioned by Moneris Solutions Company (” Moneris”), Canada’s leading debt and also debit card processor. Study exposed that less than one percent of small businesses are utilizing a sophisticated, tablet-based POS remedy to procedure sales, while 42 percent are staying with the basics of a typical sales register. In retail atmospheres where smart phones, flexibility as well as self-serve modern technologies are forming the client experience, the cash register, with its minimal functionality, will struggle to keep its effectiveness with time.

Services using standard sales register go to a better threat of experiencing inefficiencies such as longer checkout times, even more intricate audit procedures and greater prices of input mistake. Modern, iPad POS solutions integrate payments with specialized applications to offer businesses an extra complete view of their operations. These completely automated, cloud-based services supply thorough reporting and also data analysis, and allow businesses to identify sales possibilities as well as make smarter, a lot more enlightened company choices.

” Point-of-sale technology has undergone large change over the last few years to incorporate payments with the many various other facets of running a company,” claimed Jeff Guthrie, Principal Sales Police officer, Moneris. “iPad-based services permit you to get insight right into locations such as stock monitoring, staff efficiency and customer history, which could aid companies save time and also determine even more chances for development. Merchants as well as restaurants choosing to use the old style of register are missing out on a significant opportunity to enhance their procedures.”

A 2016 research study predicts that mobile phone and tablet-based POS terminals will certainly deal with 20 per cent of all retail transaction worth by 2021, up from four per cent in 2016.1 The study forecasts that using mPOS systems will certainly account for more than 1 in 3 POS terminals by the end of the exact same year.

Added research revealed the following information regarding Canadian small businesses when inquired about brand-new technologies and also their present POS system:

Cost is a barrier: Price is a regarded obstacle for small businesses thinking about adopting new modern technologies, with 68 percent of respondents citing price as the primary worry when considering the purchase of a brand-new modern technology;
Reluctant to transform: 57 percent of local business reported an unwillingness to change their present POS technology, responding that there is “nothing” that would certainly make them take into consideration changing or updating their POS;
Alleviate of use is top of mind: Of the attributes that affected small companies’ current selection of POS system, 18 per cent of participants said they were looking for ease-of-use, complied with by supply management at 12 percent;
Not all POS expands with business: Of the small companies who lately switched their POS system, 16 percent did so due to the fact that they outgrew their POS software application, and also 12 per cent reported that their previous POS did not have the ideal features; as well as,
Help is commonly valued: Local business worth having a third party aid with getting their POS innovation working, with 46 per cent of respondents saying they choose having another person install and also set-up their POS option.
iPad-based POS options are an affordable option to acquiring computer-based POS systems and also software, which can run services anywhere in between $10,000 to $15,000. Businesses can get a conventional iPad POS service for as reduced as one-fifth of the cost of a computer-based POS system.

To learn more on iPad POS solutions, check out moneris.com/iPadPOS or call 1-844-380-4723 to speak to a Moneris agent.

Concerning Moneris
As one of Canada’s biggest providers of payment handling options, Moneris Solutions Firm (” Moneris”) offers credit history, debit, wireless and also on-line settlement services for vendors in virtually every sector segment and also refines more than 3 billion transactions, every year. Moneris provides electronic commitment as well as stored-value present card programs. With more than 350,000 merchant areas, Moneris gives the hardware, software and also systems should boost organisation efficiency as well as take care of payments