SK: You recently found out how many restaurants are actively seeking an mPOS system for their business. What did you uncover?
“Our recent study found that 72% of single-location restaurant owners are looking to adopt a mobile POS for running their business. These systems offer multiple benefits over cumbersome, traditional restaurant POS solutions. Chiefly, these mPOS systems are much simpler to implement than a traditional, bulky system.”
Why do you think that number is so high?
“To answer, and get a full picture on that, it’s helped for us to look at the many conversations that we have with restaurant owners every day; we found that 63% of them flat out don’t currently have a POS system in place. Instead, they are relying on manual/paper and pen methods, and some kind of Quickbooks or Excel spreadsheet software. Running a restaurant only with this system (or lack thereof) is often inaccurate and will undoubtedly be a time-consuming process. At the same time, many older legacy POS systems that most restaurant operators are familiar with, are costly to maintain and update, and many times can simply be ineffective. So, given that 72% stat I mentioned, it seems like a majority of restaurants are realizing the inefficiencies with both manual methods and with older systems, and are turning to other possibilities, like mPOS, as an alternative.”