Key considerations when extending your Oracle POS with Xstore Mobile POS
In today’s mobile-centric world, the retail industry has shifted its focus toward Mobile Point-of-Sale (MPOS) systems to enhance customer service and foster business growth. In some retail establishments, the conventional fixed POS has given way to mobile POS solutions – handheld and tablet devices, allowing sales associates and businesses to liberate themselves from fixed locations. The transition from traditional POS to mobile POS is a strategic response to meet the evolving needs and preferences of modern consumers. In this article, we will explore the crucial factors that form the foundation of a successful process for adopting MPOS solutions.
Current MPOS Landscape
The impetus for embracing the mobile revolution transcends consumer demand with other significant factors at play. The rapid surge in mobile users, as forecasted by Statista and Global News Wire, underscores the profound shift. Presently, VITAG and Captera report that over 80% of global retailers leverage MPOS solutions, and Global News Wire predicts that more than 50% of retailers prioritize MPOS adoption, highlighting its escalating importance.
Moreover, MPOS is recognized for enhancing the customer experience, with 87% of retailers acknowledging its positive impact, as noted by Vitag. According to NewStore, 60% customers favor mobile shopping apps. The use of MPOS systems is expected to double in North America from 2020 to 2025. Significantly retailers risk losing 28% of shoppers if they do not have contactless payment options. Global Market Insights also projects significant growth for MPOS.
Mobile devices, which are increasingly replacing computers or laptops not just in retail but also in sectors such as hospitality and healthcare, are further advancing this trend.
Key Reasons for Adopting MPOS
Now, let’s delve into some of the reasons behind retailers embracing MPOS solutions:
Critical Factors in Choosing an Optimal MPOS
In order to remain competitive, it is crucial for retailers to adopt MPOS solutions. Choosing the best MPOS solution can be challenging due to the diverse options available, each offering different features. The decision ultimately rests with the retailer and depends on their business requirements. While evaluating any MPOS solution business and IT must consider the following factors:
Oracle Retail’s Xstore MPOS
There are several good MPOS solutions in the market. One of the industry-leading technologies is Oracle Retail‘s Xstore Mobile. Retailers considering Oracle Xstore along with Xstore Mobile can experience significant benefits. Xstore Mobile is essentially Xstore on mobile devices, functioning similarly to the desktop version. Notably, the latest versions, Xstore 22 and 23 maintain consistent looks and functionality across various devices, including new desktops, handhelds, tablets, and thin clients. This evolution of Oracle Xstore indicates a gradual shift towards a mobile-centric world, where graphics, user interface, and touch screens offer a uniform experience. The mobile-centric approach ensures that almost all features are supported on mobile devices, making it a top-notch choice in the industry. For additional information on Xstore Mobile, including details on its architecture, benefits, challenges, etc, please consult the MPOS whitepaper.
Recommended by LinkedIn
Xstore Mobile Payment and Reporting Capabilities
We have observed that MPOS is primarily favored for its streamlined payment options on mobile devices, facilitating convenient transactions and optimizing space efficiency. Given that the primary motivations for embracing MPOS are often linked to payment-related benefits, let’s delve into the capabilities of Oracle Xstore Mobile concerning payments, reporting, and enhancing the overall customer experience:
Xstore Mobile excels in payments with features like direct communication with payment terminals, and versatile payment compatibility. In essence, the comprehensive approach of Xstore Mobile contributes to streamlined operations and an enhanced customer experience.
Key Technical Considerations for MPOS Implementation
Embarking on the adoption of an MPOS solution entails a careful examination of various factors that significantly influence the success of its implementation. These key considerations are essential for both the initial setup of the MPOS solution and ongoing maintenance. They serve as a guide in understanding the fundamental requirements and considerations, as well as provide insights into the technologies that work in tandem with the MPOS system. Gaining familiarity and comprehension of the following technologies or conditions is essential:
Conclusion
Adopting MPOS solutions is essential for retailers aiming to thrive in today’s mobile-centric retail environment. MPOS Solutions, like Xstore Mobile provides a uniform experience across various devices. It streamlines POS operations with complete desktop register capability. Its scalability, seamless hardware integration, and customization options make it a flexible choice. The application supports offline mode and temporary store setups, ensuring uninterrupted transactions and enabling a smooth transition between devices for a mobile-only store experience. This article outlines the essential factors, key considerations, and motivations underlying the adoption of MPOS solutions. It aims to equip retailers with the knowledge needed to make informed decisions for the successful implementation of Xstore Mobile in their businesses.
Written By - Kumar Sharma
This blog first appeared on www.skillnetinc.com
References