What Is White Label POS and How Can It Benefit Your Business?
Point-of-sale (POS) systems have become indispensable tools for managing key operations in modern businesses. It provides integrated solutions for tracking and facilitating transactions, from inventory and order management to payment processing and customer analytics.
The global POS software market has expanded rapidly in recent years, valued at $9.3 billion in 2020 and forecasted to reach $18.1 billion by 2027.
For many businesses, leveraging a customisable white label POS system is emerging as an ideal choice over developing proprietary solutions from scratch or opting for off-the-shelf products.
But what exactly does “white label” mean in the context of POS systems, and why is it beneficial? This article will cover the key specifics.
What is White Label POS?
White labelling refers to technology solutions that are core products produced by one company and then rebranded or customised by partner businesses to meet their niche requirements.
With a white label POS system, the software product is fully functional but configured with a client’s branding, logo, colour schemes, terminology, customised features, workflows, and more to match their objectives.
For POS systems specifically, effective white labelling requires strong backend hardware infrastructure capable of supporting configurable software customisation at scale. This is where the PLI 2.0 IT Hardware Scheme comes into the picture.
What is the PLI2.0 IT Hardware Scheme?
Introduced under India’s Production Linked Incentive (PLI) initiative, the PLI 2.0 IT Hardware Scheme aims to strengthen Singapore’s domestic manufacturing capabilities for key hardware components supporting white label POS system implementation.
Can this scheme help manufacture White Label POS systems
With PLI 2.0 IT Hardware Scheme incentives lowering infrastructure costs, solution providers can offer fully white label POS software with flexible customisation capabilities at reduced expense.
The savings get passed on to clients through more budget-friendly setup pricing and responsive post-launch support.
Leveraging white label POS solutions supported under PLI 2.0 IT Hardware Scheme offers multiple advantages across industry verticals:
- Cost savings from optimised hardware infrastructure
- Faster rollout timelines
- Responsive support and long-term vendor partnerships
- Scalability as business needs change
- Localised manufacturing and supply chain stability
What are the Benefits of White Label POS for Businesses?
Transitioning to a customised white label POS system offers a multitude of practical benefits for streamlining business operations:
1. Flexibility and Customisation to Align Workflows
The innate flexibility of white label POS software allows retailers to mould solutions around existing ways of working rather than adapting practices around rigid off-the-shelf systems. Terminologies can be configured to match internal lexicons for seamless user adoption. Branding and UI elements blend into current aesthetics for frictionless customer experiences across touchpoints.
Most importantly, core transactional workflows from inventory control to order processing to payment integration can be modelled around legacy processes through API connectivity.
Additional analytics, marketing tools and staff management modules can also be incorporated as business needs evolve. This agility allows retailers to consolidate previously disjointed systems under a unified platform, enhancing organisation-wide visibility.
2. Cost-effectiveness and Quick Go-to-market Ability
Procuring white label software substantially reduces the expenses and lead time associated with engineering fully bespoke POS solutions from the ground up. By customising proven and security-audited software already developed, retailers reach positive ROI rapidly without disruptive integration hassles.
New feature rollouts or fixes occur faster through the centralised vendor partnership instead of relying on disjointed in-house resources.
3. Consistent Branding Leading to Premium Customer Experiences
With white label POS powering the core transaction engine, retailers can embed branding seamlessly across offline and online commerce channels. Customers engage with a steady aesthetic when moving from web to mobile to brick-and-mortar stores, driving up perceived brand equity.
Staff also project expertise during support conversations when interacting with intuitively branded systems.
4. Scalability to Accommodate Business Growth
Well-executed white-label solutions offer extensive scalability as transaction volumes expand across physical and digital storefronts. Quick access to source code enables incorporating custom modules for new revenue initiatives.
Retailers optimise operations expenditure by consolidating processes under a single stack instead of multiple inflexible systems as turnover increases. Staff onboarding and compliance management become easier with unified access controls and auditing capabilities.
5. Seamless Integration with Existing Business Software
Advanced white-label POS platforms allow extensive API-based integration with auxiliary systems like inventory management databases, accounting suites, CRM tools, reporting engines and e-commerce storefronts.
Real-time data exchange eliminates reliance on brittle manual syncing across disconnected software, causing data lags or corruption.
What are the Best Practices for Implementing White Label POS?
Follow these best practices when rolling out white label POS solutions:
1. Understanding business requirements before implementation
Conduct in-depth analysis of workflows, software ecosystems, branding needs and functionality priorities ahead of time. This allows solution providers to configure aligned systems.
2. Choosing the right White Label POS provider
Select experienced vendors capable of offering robust customisation and post-implementation support. Check capability credentials and client testimonials.
3. Customisation and branding strategies for optimal impact
Strike an effective balance between technology customisation and emphasis on core branding elements like visual identity and terminology. Go beyond skin-deep changes to align deeper workflows.
4. Training and onboarding for seamless adoption
User education and testing during pre-launch paves the way for long-term user adoption across operations touched by POS software.
5. Security considerations and compliance measures
Implement appropriate protocols like role-based access, audit controls and data encryption aligned to regulatory standards like PCI DSS for protecting sensitive information.
6. Regular updates and support for maintenance
Consistent version updates and attentive vendor support ensure sustained optimal performance as usage scales.
Oakter: Your White Label POS Solution Provider!
Backed by the Pli2.0 IT Hardware Scheme, White Label POS systems epitomise the future of customisable, scalable, and adaptable business solutions. Embracing these systems empowers businesses to thrive in competitive markets.
You can consider Oakter for White Label manufacturing for POS systems and embrace the future today. Contact us for unparalleled solutions tailored to your business needs!