4 Reasons That Make Micros Restaurant POS Software The Best

companies December 30, 2022

Siddharth Rai

Writer

Micros Restaurant POS Software The Good

Micros, formerly known as Oracle Micros Symphony POS System, is a legacy POS system being used for decades developed by multinational technology corporation Oracle hospitality.

Established originally in the 1970s, Micros POS was a high-tech alternative to the cash register used in the restaurant industry. Micros POS consisted of point of sale hardware used on-premise in the restaurant. A trained technician was required to load POS software into the POS hardware.

However, Micros POS legacy setup has upgraded itself with time and changing requirements of the restaurant industry. Ever since Oracle hospitality took over the Micros POS, the point of sale system has been upgraded with cloud-based
capabilities. The users can now have access to the POS data remotely on their mobile app.

Four Great Reasons About Micros Restaurant POS Software

Point of sale or POS is the point in your restaurant business model where a sales transaction is completed. A point of sale system in a restaurant comprises POS hardware and point of sale software. There are many considerations when you search and select a restaurant POS software.

The first consideration is cloud-based or on-premise POS software, POS hardware requirement like cash drawer, card reader, etc. is another essential consideration. A card reader is required to accept credit card payments and online transfers, payment processor works for chargeback protection.

Micros restaurant POS software offers one point of sale solution for your service restaurant. Micros POS offers an integral mobile and cloud-based solution for business intelligence. From inventory management, online ordering, sales and customer records, and allowing to accept payments from credit cards, debit cards, and even PayPal, Micros POS offers all solutions at one dashboard for your business. Its easy user interface allows anyone to manage the whole operations of your service restaurant at the point sale system.

There are major benefits of using Micros POS software-
- A hybrid system whose data can be accessed through a cloud-based app
- Runs on Windows OS makes it easy to use software
- Offers third party payment processing options like credit card
- Software fees and hardware costs are major drawbacks
- Best for multiple location restaurant brands

Choosing the right POS system can be a challenge.

It’s crucial that you choose the right POS software for your restaurant.

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Micros Restaurant POS Software is an integrated mobile and web-based solution for small businesses. It offers to manage inventory, orders, sales, and customer records from one dashboard. The cost for a compliant Micros POS system depends on the features required by the buyer, but the basic pricing of Simphony POS is listed online.

There are 3 versions of the software available-

- Micros Simphony Essential- It is the Micros' entry-level plan priced at $55. It is best suited for small businesses in the hospitality sector that want a reliable POS system. Its app accepts online ordering, manages menus, pricing, and promotions like loyalty programs, and enhances the guest experience.

- Micros Simphony Plus- Prices at $75, Micros Simphony plus plan offers to manage multi-location and franchise operations with advanced analytics and marketing features.

- Micros Simphony Single Tenant- Single-tenant plan is quoted on-demand for businesses that run their own technology and connect to Micros POS.

Customizable

Micros SimphonyPOS system is customizable to match your restaurant's bars and kitchen displays for a better guest experience. Simphony also supports multiple languages and accepts payments in different currencies from different options including credit cards.

So, if your restaurant chain is global, Simphony offers a complete solution for you irrespective of the barriers like language and working conditions. The application offers Oracle Micros POS terminal for menu management, employee scheduling, self-service kiosk, kitchen display, loyalty programs, etc. The Micros POS system also generates customized reports for a better customer experience.

Different payment options

Oracle hospitality offers Payment Cloud Service which is a cloud-based end-to-end payment solution for restaurants bars. It accepts payments from customers from credit cards, debit cards, contactless payments, and even PayPal. Oracle Payment Cloud Service puts all your transactions, payment data, and other costs in a single analytics dashboard.

It allows front office managers and back office teams to be aligned with the business progress and profit earned. There are no hidden fees for transactions which helps the food beverage industry to grow.

Finding the best restaurant POS software is more challenging than it should be.

There are so many POS systems out there, and it’s hard to know which one is the best for your business.

Download your free playbook

Robust reporting

Micros SimphonyPOS System generates customized reports you need to run a successful business. Micros point of sale system offers customized reports on sale system, labor management, labor costs, table service, inventory management, display system to name a few.

Micros Simphony POS System also generates KPI reports on third party integrations for specific informations. Its pre-built software generates audit reports to keep track of sales and taxes, accounts and finance management. With cloud based reporting, you can access all these reports remotely and use them to fuel growth of your organization.

It also provides insights into stock levels, operations progress or employee activity from the point of sale system. Simphony point of sale software generates customer data and business data in real time for multiple locations. It keeps you stay informed in the otherwise much busy hospitality sector.
Micros Simphony POS System offers robust reporting features for the overall benefit of your food beverage business.

Bottom line

The point of sale or POS system can be considered as central point of your retail business. It is that point where necessary components of your business like sales, inventory management, payment processing and customer management merges. Point of sale systems not only act as the payment processing system but they are essential means to achieve your business goals.

From inventory management, online ordering, sales and customer records, and allowing to accept payments from credit card, debit card, POS functions as driver of growth for your organization. Apart from making your daily operations easier and faster, POS system stores customer data, helps in inventory management and generates detailed business reports. Oracle Micros point sale system offers a one-stop solution for all your business needs required for a successful restaurant.

Finding the best restaurant POS software is more challenging than it should be.

There are so many POS systems out there, and it’s hard to know which one is the best for your business.

Download now!

Frequently Asked Questions

How much does a MICROS POS cost?

When you have a business that operates on a cash basis, keeping track of transactions and accounting for sales can be a challenge. That's why many merchants are turning to the Electronic Point-of-Sale system, also known as Electronic Money Institution Cash register. This system is more convenient and accurate than the old-fashioned cash register, and there are a lot of benefits to investing in a MICROS POS system. The good news is that a MICROS POS system is not as expensive as some merchants may think. In this article, we'll take a look at the average cost of investing in a MICROS POS system, along with some of the pros and cons of choosing this system over a regular cash register.

How do you program a MICROS POS system?

Micro-Point of Sale systems are everywhere. From coffee shops to car dealerships, merchants are turning to these mobile terminals to increase sales and customer engagement. Here's everything you need to know about programming a mobile point-of-sale system.

What is MICROS in F&B service?

MICROS is a standard used in the food and beverage industry to track inventory and monitor inventory levels. It is an acronym for the Merchant Category Code and is used by merchants to track their inventory and monitor stock levels. There are more than 100 different merchant categories, which are assigned a code. Examples of merchant categories include grocery stores, hardware stores, pharmacies, and restaurants. F&B service providers are also required to maintain inventory records and track stock levels. The necessary information is listed in the service provider's menu price, which is called the base menu price or the menu cost. The base price is the cost of ingredients and other direct costs. The cost of labor and overhead is added to the base price. The base price plus the cost of ancillary costs is called the final menu price. In order to track inventory and monitor stock levels, a merchant code is assigned to each item. The code is called the merchant category code (MICROS). The code consists of a three-digit number and a letter. These numbers are referred to as a merchant code prefix and a check digit.