One of the benefits of technological innovation is that in stores and restaurants, a point-of-sale system often performs other functions. From workforce management to ordering and timekeeping, many different services can be integrated into a single, unified system. Moreover, many companies have expanded to multiple locations, so consistent platforms across those outlets is a priority. 

While this has streamlined digital transactions across multiple channels of a business model, it presents potential hurdles to upgrading old card reading devices. As the October EMV migration deadline nears, studies have shown that many businesses will take their time to get compatible with the new chip-and-pin system. The bigger and more complex an enterprise and the more heavily dependent it is on multifunctional payment and management interfaces, the more crucial it is to consider all the options. 

"Many companies have computer systems that do more than handle payments — they also manage inventory and customer and vendor information," writes Joyce Rosenberg of the Associated Press. "Businesses like restaurants and those with multiple locations are likely to have the most complex systems and the highest expenses."

Point-of-sale technology is a major investment that influences your enterprise's operations and revenue stream. As such, it's important to gain the proper insight and knowledge to make decisions that impact the entire business. Ahead of the EMV deadline, misinformation and media hype could pressure those executives to make hasty decisions that aren't in the best interest of their long-term operating goals. That's why it's critical to work with experts to determine which solutions are most cost-effective and useful.  

At Vantage, we have experience helping decision makers choose and implement the best systems to meet their current and future needs. Contact us today to learn more about our services and to schedule a consultation.