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In an effort to help its members, and others in the foodservice industry, better understand the complex elements of implementing a point-of-sale system, the National Restaurant Association has released the "8 Essential Elements of POS System Ownership" tool kit.
The package includes information on how to effectively and economically make POS system acquisition decisions, whether purchased or leased. The solutions introduced by the NRA can help a restaurateur identify the components, costs, vendors and hidden fees associated with the most expensive technology purchase they'll make.
"Point-of-sale systems are one of the most critical tools for restaurant owners, and a fast, secure and reliable system is crucial for a restaurant to conduct business," said David Gilbert, the NRA's chief operating officer. "But POS systems are extremely complex and can include costly solutions for payment processing and complex vendor contracts and fee structures that adversely affect a restaurant's bottom line."
Gilbert adds that, because of this complexity, the NRA saw a need to educate industry members with the hopes of avoiding costly mistakes. The kit is part of the NRA's "8 Essential Elements" series.
"It offers must-have information all restaurateurs need to know to avoid POS pitfalls and hidden fees often wrapped into POS contracts," Gilbert said. "POS technology is a required tool for today's restaurant operator, but the technology must be acquired carefully to protect and increase restaurant profitability."
The NRA's "8 Essential Elements of POS System Ownership" and "POS Tool Kit" package is free and includes:
The "8 Essential Elements" series is available for download online.
Additionally, in conjunction with its "8 Essential Elements" release, the NRA announced that it is endorsing Retail Solutions Providers Association (RSPA) Certified POS System providers who endorse the "8 Essential Elements." The POS System providers can be found by visiting RSPA's website to check for certifications and references.