When the term "cloud technology" gets tossed out, many people think of sending documents or files digitally and accessing them from anywhere. While that is the basics of the system, it has evolved and can now become the backbone of nearly any business critical solution. For an example. just look at the retail industry. One of the hottest current trends in the use of the cloud when it comes to the point of sale system.

A recent article from small business blog Street Fight examined the different ways that a cloud-based POS system can help companies improve their operations. The piece features interviews with several major players in the payment industry to get their take.

"The biggest seller is that there's no back office server to maintain, which significantly decreases cost, lifts the IT burden off the store and allows for real-time reporting that is accessible from any 'smart' device," Lisa Falzone, an executive at Revel Systems, said. "The latter part — accessibility of data from anywhere — really frees these business owners and is changing the way they conduct business."

Those interviewed also touched on several other features that can be major selling points for merchants considering taking the leap into cloud POS systems. These include:

  • Data security
  • Automation features
  • Easy-of-use/training
  • Service provider support/upgrades

Implementing a cloud-based POS system can seem like a daunting task, especially if your business is not tech savvy. However, with the help of a payment solution provider, any merchant can move into the new age of the cash register.