About Vend and online cloud accounting systems
There?s a real growth ? a boom even ? in online point of sale systems and accounting systems so you?ve got the likes of Xero, Vend, Unleashed, and there?s others. These online applications ? Cloud software ? replace things like MYOB, QuickBooks, and the retail manager program that comes with MYOB, and those legacy sort of applications.
That shift from the old applications to the new ones is dramatic and it?s good to see actually. It always discourages me when I find we get a client who has lost all their point of sale information, or the company that they?re with wants to charge them $4,000 to change computers and install the software again, or get a new version.
The idea that you can write some boutique piece of software that only works on the offline machine, costs thousands of dollars, and you can extort business owners for it, those days are pretty much in the distance.
There?s probably a few industries where you still can escape it, but for your average sort of retailer, or small business, or service business, screw those guys. Do it with Xero or Vend or one of the other systems. Get your own CRM online. Do your online banking and payments. Take payments with credit cards on your iPhone. These are kind of things that are really changing the efficiencies and revolutionizing small businesses.
We had a client just recently, he?s got a fairly niche retail store. He?s going okay online, he?s got people visiting in his store, and he?s stuck on MYOB RetailManager. It?s costing him a fortune because his customers have to wait while he does the invoices then he?s got to send his file off to the book-keeper and oh, the hassle. I mean, if he?s got Xero on Vend, he can do everything on his mobile phone. He can sit on his iPad and do invoices.
He doesn?t have to wait for the accountant to send back the file. He can just get started and, any time he likes, he can be using his point of sale system while the accountant?s logged in. It just amazes me that people are still stuck using old legacy software like MYOB and QuickBooks.
There?s a steamroller going through those programs and it?s online systems so if you haven?t changed yet to Cloud-based solution for point of sale, definitely, it?s going to happen soon and it?s going to save you a stack of time so yes, definitely I would recommend checking out, if you?re a retailer, Vend. If you are more like you need stock-control type things then Unleashed tends to be the preference. If you just need invoicing and accounting MYOB-style then Xero is definitely the way to do.
There are others but I don?t have any experience with them but I?m sure they do the job as well. Just my thoughts on the online point of sales and one other thing, this is one of those things that?s going to really change the efficiency of retailers. I mean, imagine if your book-keeping costs are cut down by $100 a week? What does that do for the retailer? Makes them more efficient.
Imagine if, instead of using an old point of sales machines, they can just use an iPad, sit in cafes where their entire point of sale is an iPad. From an efficiency point of view, that?s just awesome.
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00:01 - Real growth in online "point of sale" systems 00:39 - Dramatic shift from old to new applications 01:33 - Do it yourself online with new applications 01:51 - Don't get stuck using old "point of sale" systems 02:47 - There is a Cloud-based "point of sale" solution for every need 03:33 - Positively changing the efficiency of retailers
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