Compared to a traditional POS system, a cloud-based system has various benefits, including cost savings, scalability, and data security. The following examines the main distinctions between cloud-based and conventional point-of-sale systems: Because there is no need to buy or maintain hardware, cloud POS systems are usually less expensive than traditional POS systems. As your company expands, you can easily add users and locations with cloud POS systems since they are more scalable than traditional POS systems. While traditional POS systems store data locally on premises, increasing the risk of data breaches, cloud POS systems include data security safeguards to safeguard your information. You can track sales, customers, and more with the help of reporting and analytics functions offered by cloud POS systems. Most traditional point-of-sale systems lack these functions. In order to help you accept payments and get paid more quickly, cloud POS systems come with integrated, user friendly payment processing. Payment processing may be slowed down by traditional point-of-sale systems since they usually rely on a third party processor. All things considered, a cloud POS system is an excellent option for companies of all sizes because it has several benefits over a traditional POS system. However, if a company needs an offline POS system or wishes to store its data on site, it may decide to go with a traditional POS system rather than a cloud-based one.