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How Restaurant Operators Can Harness the Power of POS Data Analytics

Modern Restaurant Management

By investing in a data-driven POS platform, restaurant operators can address labor challenges, fine-tune their stock management, design promotions based on current trends, reduce human error and more. This shift underscores the evolution of POS systems from mere transactional tools to comprehensive data hubs.

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Top Restaurant POS Features To Look For In 2023

The Restaurant Times

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. POS solutions are essential for enhancing convenience for dine-in and online customers and delivering a customer-centric experience as the restaurant industry continues to grow. Read along!

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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Five Ways to Enhance and Improve the Takeout and Delivery Customer Experience

Modern Restaurant Management

Enhance Your Digital Presence Grubhub projects 40 percent of restaurant orders in 2023 will take place online. You also want to integrate your marketing and loyalty platform with your restaurant POS system. So, if you’ve skimped on your digital presence, the time to change is now.

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Quick Facts About the Restaurant Revitalization Fund (RRF) Process

Modern Restaurant Management

Eligible establishments have until March 11, 2023, to use the funds on qualified expenses. Check with your POS system vendor or merchant processor, go directly to the SBA website, or call the SBA. For some business types, at least 33 percent of 2019 gross receipts must have comprised on-site sales to the public. IRS Form 4506-T.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

On a similar note, when searching for a modern cloud-based POS system to keep track of your sales, look for one that can be integrated into other restaurant software. Some of the best POS systems you can try include Toast, TouchBistro, and Square. What can 7shifts do for you?

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

Labor : From a labor standpoint, 2023 was a relatively good year for operators. While profit margins were down in 2023, there were lots of signs that the industry is heading in the right direction. I think our report reveals that 2023 was a year characterized by a lot of regrouping and reorienting of business priorities.