Restaurant365

APRIL 16, 2021

Not only can it save you serious money, according to Hospitality Technology, 70% of consumers prefer to order directly from a restaurant. In-house online ordering systems capture customer data for your customer relationship management system (CRM). Orders pop up on your POS, and any team member can fire it straight to the kitchen.

Online Ordering 78

Online Ordering Blog Ordering Front of House 78

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. On top of that, outdated or complicated technology can frustrate staff and invite errors when people are in a rush.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Online Ordering 148

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

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BOH POS Influencer Point of Sale 368

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

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2020 Cash Management Point of Sale 2021 151

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

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2021 Cash Management Management Management 136

Clover - Restaurants

MARCH 8, 2024

Assess your profitability and cash flow. Are there workflows you can automate, such as inventory management , within your restaurant point-of-sale system ? Another helpful tool for scalability is restaurant technology. How does technology affect restaurants? Restaurant technology can help you achieve this.

Loyalty Program 52

Loyalty Program Small Business Point of Sale POS 52

Izettle

FEBRUARY 25, 2021

Terms like EPOS or POS can be intimidating if you’re not familiar with them. But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. Are you still using a cash till? Are you still using a cash till? What is an EPOS and how is it different from a POS? Affordable.

Cash Management 52

Cash Management Point of Sale POS Customer Service 52

Izettle

FEBRUARY 25, 2021

Terms like EPOS or POS can be intimidating if you’re not familiar with them. But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. Are you still using a cash till? Are you still using a cash till? What is an EPOS and how is it different from a POS? Affordable.

Cash Management 52

Cash Management Point of Sale POS Mobile Ordering 52

Focus POS

SEPTEMBER 17, 2020

Here’s how you can cash in on this trend: State Regulations Vary. Is your software set up to manage pickup and delivery for alcohol sales? Online ordering can easily be integrated with the rest of your restaurant technology so that orders can be sent directly to the POS as soon as they are placed. ID Scanning.

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License Restaurant Law Online Ordering Uniforms 162

Focus POS

JUNE 27, 2019

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. Technology can help, but knowing how to get the most out of it is also important. Beyond establishing these standards you need the tools to deliver them, which is where POS technology comes in. Set quality standards.

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Management Management Franchise Franchising 121

Focus POS

AUGUST 26, 2020

It’s more crucial now than ever to manage pour costs effectively. . Make sure your POS tracks your inventory in real time, so that you can stay informed of discrepancies within your inventory counts. . You’ll need to change some of your processes and implement some new policies and technology. Take I nventory W eekly .

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Management Management Bar Inventory 128

Restaurant365

FEBRUARY 8, 2022

In this two-part blog post series, you’ll learn the importance of forecasting in restaurants and how to accurately implement restaurant demand forecasting. It provides your managers with the data they need to help run the business. It also helps prevent overstaffing to prevent cash flow bleeding. Conclusion.

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2022 Cash Management Point of Sale Inventory 78

Focus POS

MAY 28, 2020

In order to operate effectively and profitably , you need to have these technologies in place: . Delivery management: Many customers are opting for delivery over curbside pickup and drive-thru. Mis -managed delivery functions can turn into a huge cost center. Pull POS data from the past few weeks only.

Online Ordering 129

Online Ordering Inventory Cash Management Download 129

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Among the technology offered today is restaurant management software. . Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

Focus POS

JUNE 17, 2019

What is restaurant point of sale (POS) software? It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. What is a POS? POS stands for point of sale. Restaurants normally utilize a POS framework to finish a business exchange. Restaurants normally utilize a POS framework to finish a business exchange.

Kitchen Safety 78

Kitchen Safety Social Media Point of Sale Front of House 78

Restaurant365

FEBRUARY 6, 2020

Step 1: Record Sales Through Your POS Daily. Your sales data can be used to help you automate parts of your inventory management system , updating inventory counts as food and drink items are sold. Most modern Point of Sale (POS) systems can now automate tracking daily sales and provide you with a daily sales report.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

Restaurant365

APRIL 23, 2020

Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis. Managing your balance sheet. Assets also include cash on hand. Cash flow statement. Liabilities.

Cash Management 78

Cash Management Management Management Point of Sale 78

Rocket Fuel

JANUARY 26, 2024

In this guide, we’ll cover everything from understanding delivery losses to manual recovery methods and the benefits of leveraging technology for automated recovery. If your accounting team fails to reconcile POS data with DSP data, you could be inaccurately reporting sales, and therefore overpaying on taxes and royalties.

Delivery 52

Delivery Back of House Customer Service Technology 52

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. Integrating inventory management with accounting facilitates better inventory control. When you think of your restaurant finances, you don’t always equate it with inventory management. What is restaurant inventory management?

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Inventory Management Management Cash Management 78

Restaurant365

JULY 29, 2021

Ultimately, managing your vendor relationships is an area of risk management. Understanding all the details you can about your current cash, loan, and grant status are essential as you look to make large-scale financing decisions. Support technology investment to improve operational efficiencies. Ensure access to capital.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Bingage

OCTOBER 5, 2019

If all things and planning goes right, opening and managing a restaurant can be very fruitful, Here I am sharing a complete guide on how to make a new restaurant successful. Promotion of a new restaurant is one of the important tasks of the restaurant manager. Productive use of CRM and POS system. Strategical planning.

Loyalty Program 74

Loyalty Program Social Media Cash Management Seminar 74

Rocket Fuel

MARCH 2, 2022

On the other hand, savvy restaurant operators have learned that technology integration and point solutions can be their best business partners. In most restaurants, a few key team members typically handle accounts payable management, and there are several processes involved, including: Receiving supplier invoices. Keep reading! .

Cash Management 98

Cash Management Operations Consumer Goods Inventory 98

Restaurant365

FEBRUARY 19, 2020

Whether these accounting professionals do financial consultations, manage payroll, or help you create advanced business projections, they should have a familiarity with the special operational challenges restaurants face. For every new technological task, there are dozens of new software systems built as a solution.

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Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

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Operations Management Management Inventory 78

Restaurant365

JULY 29, 2020

Since restaurant technology has improved the accessibility of actionable performance data , there’s never been a better time for you to make use of restaurant reporting tools to understand what your recovery may look like moving forward. cash, credit card, contactless). Forecasting by revenue center.

Cash Management 88

Cash Management Online Ordering Inventory Seasonal Menu 88

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering 208

Online Ordering Back of House Customer Service Small Business 208

Restaurant365

JULY 29, 2020

Since restaurant technology has improved the accessibility of actionable performance data , there’s never been a better time for you to make use of restaurant reporting tools to understand what your recovery may look like moving forward. cash, credit card, contactless). Forecasting by revenue center.

Cash Management 78

Cash Management Online Ordering Inventory Seasonal Menu 78

Restaurant365

DECEMBER 20, 2021

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. For instance, reviewing your CoGS report daily allows managers to adjust purchasing and usage on a more frequent basis. Conclusion.

Operations 78

Operations Leadership Point of Sale Cash Management 78

The Restaurant Times

DECEMBER 30, 2021

But not to worry, as this blog post will make things easier for you by providing step-by-step guidance to open a functional food business in the UK. A well-thought-out plan takes cognisance of various future aspects of your business, such as capital outlay, expected cash flow, payback period, etc. Invest In Technology.

Food 52

Food License Cash Management Consumer Goods 52

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Restaurant365

JUNE 17, 2020

This would require aggregating sales data from your POS on an hourly basis, or even better, every 15 minutes. Known as intraday polling, this technology enables restaurant managers to make hourly Labor decisions based on the amount of current sales each day to reach optimal labor performance.

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Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Xtra Chef

AUGUST 12, 2020

Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging. Managing restaurant food costs doesn’t have to be complicated. Manage Restaurant Inventory with an Iron Fist. The good news?

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Food Inventory Waste Food Order 120

Hot Schedules

APRIL 20, 2019

In addition to the wasted resources and food miles, you’re basically throwing cash into the trash. The right solution should fully integrate your POS with your inventory management system. Again, technology can help here. Better Manage Your Inventory. Managing your inventory is really the heart of the matter.

Waste 60

Waste White Paper Cash Management Inventory 60

Bingage

OCTOBER 5, 2019

If all things and planning goes right, opening and managing a restaurant can be very fruitful, Here I am sharing a complete guide on how to make a new restaurant successful. Promotion of a new restaurant is one of the important tasks of the restaurant manager. Productive use of CRM and POS system. Strategical planning.

Loyalty Program 40

Loyalty Program Social Media Cash Management Seminar 40

Modern Restaurant Management

APRIL 2, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. TransAct® Technologies Incorporated is offering its BOHA!™ restaurant employees financially impacted by the coronavirus crisis.

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Healthcare Employee Relations Online Ordering Customer Service 179