PAR Data Central®’s Post

Want to create labor budgets for each restaurant? This metric is key. Empower your managers with financial data on their fingertips. Book a free consultation to know how Workpulse can help you automate financial data and save hours. #QSRmetrics #laborefficiency #QSR #QSROperations #QSRCashManagement #QSRDailySales #Dunkin

TLDR: we’re trying to banish the ‘shadow Excel’ at Tenzo - Restaurant PerformanceOps You may be wondering what a Shadow Excel is exactly. I was chatting to one of our customers explaining why we believe having one platform as a reporting source of truth that can then be personalised for the end user is so important. ‘You mean you can get rid of shadow excels?’ I had never heard it put that way but it made sense. We know that Excel reports are often: 1️⃣ Prepared by one team who don’t view data in the same way as those receiving them (finance and ops for example) 2️⃣ Out of date before they even arrive 3️⃣ Are too general actually to help any individual decision-making And what happens then? ‘Shadow Excels’ start cropping up. Teams will do their own analysis to help with their decision-making. We love this kind of initiative, but there are issues with this approach: 🤷♀️ Different teams will report differently so results will vary from one spreadsheet to another 💔 There’s no unity across the business as to what goals are being worked toward; one team may be focusing on ATV while another is focusing on labour costs  ❓ No one is checking that the data these shadow excels are being fed is the right data; sales data may include VAT or labour data excludes salaried employees eg ‘Shadow Excels’ create this Frankenstein-like approach to reporting, which means no one is aligned. We want to banish them. Get everyone to sing from the same hymn sheet, but personalised to the final user, so they only see the data that’s important to them and their daily decisions. So we’re all working toward a shared goal. And improving restaurant performance every week, every day, every hour.

Exciting news for #hospitality professionals! Say goodbye to manual efforts on Excel with Bartrack's automatic bar variance report generation. 🙌 No more late nights spent inputting data and analyzing numbers. With Bartrack, you can streamline your reporting process and spend more time on what really matters - delivering exceptional customer experiences. Not only does Bartrack eliminate the headache of manual data entry, but it also provides valuable insights to help you make informed business decisions. Whether you're managing a restaurant, bar, or hotel, Bartrack's intuitive platform does the heavy lifting for you, so you can focus on driving profitability and growth. Join the countless other industry professionals who have already made the switch to Bartrack and revolutionized their operational efficiency. Trust me, your finance and operations teams will thank you. Let's embrace the future of bar management and simplify our reporting processes. #Bartrack #BarManagement #HospitalityTech #AutomatedReporting #DataAnalytics #BusinessEfficiency #HospitalityIndustry #CustomerExperience #industryinsights

📊 Ready to take your financial reporting to the next level? Advanced tracking can help you break down costs, improve efficiency, and boost profitability! Whether you’re in the trades, own a restaurant, or manage multiple properties, it’s time to make smarter business decisions. Learn more in our upcoming blog post. Coming this Friday! #SmallBusiness #FinancialManagement #AdvancedTracking #BizTips

If you relate to any of the challenges highlighted in this blog let’s have a 30 minute conversation about your business. How could process, data visibility and analysis help you spin those plates and gain control of your business.

We've been examining the hidden costs of relying on spreadsheets for day-to-day operations and financial insights in the hospitality industry. From extensive data entry to the serious impact of human error, these limitations can stifle growth and profitability. So, we've shared some actionable strategies to mitigate risks, enhance financial visibility, and boost efficiency across multiple sites.     If you're still navigating your finances and operations with spreadsheets (you’re not alone!), this one's for you: #HospitalityIndustry #HospitalityOperations #FoodAndBeverage #Spreadsheets #BusinessCosts #FoodTech https://lnkd.in/e8ZsEz4y

Calling all restaurant owners! 🌟 Here are 5 reasons why Waiters Digest is a game-changer for your establishment: 1️⃣ Enhanced Financial Compliance: Stay on top of tip reporting requirements effortlessly, ensuring compliance with IRS regulations. 2️⃣ Streamlined Training: Empower your staff with structured training on tip treatment, courtesy of Waiters Digest, promoting professionalism and financial responsibility. 3️⃣ Boosted Morale: Show your team you care about their financial well-being with a valuable tool that supports their financial goals. 4️⃣ Efficient Operations: Enhance organizational efficiency with Waiters Digest, contributing to smoother day-to-day operations. 5️⃣ Customizable and Bulk Orders: Tailor Waiters Digest to your establishment's needs with customizable options and the convenience of bulk orders. Elevate your establishment with Waiters Digest – where financial empowerment meets operational excellence! 🍽️ Learn more here 👉🏼 ADD LINK #RestaurantManagement #HospitalityIndustry #RestaurantIndustry #ServiceIndustry

He approached me with a confident smile... ...and said, "Let me show you how we're taking your restaurant to new heights with data." Now, let's rewind a bit. As a restaurant owner, I was busy managing operations and ensuring everything ran smoothly when our tech-savvy manager introduced me to an exciting feature of our Living Menu admin panel. Innovative. Forward-thinking. He explained how our comprehensive sales reporting feature provides insights into daily sales, weekly summaries, and monthly trends right at our fingertips. I was intrigued. He demonstrated how easy it is to navigate through the panel, accessing detailed reports with just a few clicks. I was impressed. He emphasized how this data-driven approach helps make informed decisions, spot trends, and drive success effortlessly. I was excited. But here's the kicker... Later, as I was reviewing the reports, I realized the power of having such valuable insights at my disposal. I could easily identify peak hours, popular menu items, and sales trends to optimize our operations and maximize profitability. And that got me thinking... This wasn't just about fancy features. It was about empowering restaurant owners like me to thrive in a competitive industry. Now, let's talk about something exciting we're doing in the restaurant world. Our Living Menu admin panel's comprehensive sales reporting feature is revolutionizing how restaurant owners leverage data for success! 📊💼 Say hello to daily snapshots, weekly summaries, and monthly insights. 📊💼 Make informed decisions and spot trends effortlessly. 📊💼 Get ready to take your restaurant to the next level with data-driven success! Hope this resonates with you! 😊 #SalesReports #DataDriven #RestaurantSuccess 📈✨

Imagine the chaos of managing a restaurant without the crucial insights provided by comprehensive reporting!! Without it, managers are left drowning in a sea of raw data from disparate sources, struggling to make sense of it all. Every decision becomes a shot in the dark.  Every strategy becomes a gamble. Think about the stress and frustration of manually sifting through endless spreadsheets, trying to extract meaningful information amidst the chaos. Missed opportunities.  Wasted resources. No restaurant can afford that. Without the guidance of insightful reporting, restaurants are left vulnerable to operational inefficiencies, customer dissatisfaction, and ultimately, financial instability. And there is a solution to this daunting challenge...  Robust restaurant reporting tools. By consolidating information from various sources into user-friendly dashboards and reports, they empower restaurant professionals to make informed decisions confidently. We have written an insightful blog about essential restaurant reports. Give it a read here: https://lnkd.in/gpmYQiuM #restaurant #restaurantmanagement #hospitality #restaurantindustry

How can you harness data to skyrocket your restaurant's productivity? Jim Taylor, CEO of Benchmark Sixty, brings you the essentials of navigating the restaurant industry with precision.  Focus on these four core data points: customer count, employee hours, wages, and spending.  Each provides critical insights that influence your strategic decisions, ensuring every operation leverages its maximum potential without unnecessary costs. Tap into the power of data-driven strategies with insights from an industry leader. Visit https://www.wisk.ai/demo to learn more about how our tools can elevate your business. #WiskingItAll #JimTaylor #BenchmarkSixty #RestaurantManagement #IndustryBeginnings #CareerGrowth #EmployeeRetention #RestaurantKPIs #TeamEffort #BrandStory #LaborCostManagement #TableProductivity #BoostProductivity #ComparativeData #CostManagement #StaffTurnover #PreventBurnout #CareerInHospitality #RestaurantData #HospitalityData