The Monthly POP: PAR Operator Pulse
PAR Technology
PAR is a leading global provider of software, systems, and service solutions to the restaurant and retail industries.
PAR Operator Cloud Newsletter May Updates, Insights, and Trends
PAR Operator Cloud Insights
Welcome to PAR Technology’s monthly newsletter “The Monthly POP: PAR Operator Pulse”. In this newsletter, we aim to keep owners and operators in the loop about key industry updates and trends as well as the latest developments at PAR Technology, including updates and improvements that can benefit your operations.
TL;DR
Challenges and Trends: QSR brands have seen a decline in foot traffic; California minimum wage for fast food workers increased this month; Food waste continues to be a major challenge for restaurant brands.
Latest Product Updates: PAR Brink POS 5.0M is here and packed with exciting new features.
In the News: Love’s Travel Stops selects PAR Data Central as their exclusive Enterprise Food Management Solution; Hear from PAR CEO Savneet Singh in the latest Restaurant Owners Uncorked Podcast.
Customer Success: Check out our latest case study to learn how PAR Pay helped MAD Greens improve employee retention rates.
Trends Roundup
Q1 2024 proved to be tough for quick-service restaurant brands. Foot traffic has declined 3.5% in Q1 this year, with sales barely up 0.8%.
*Information from Restaurant Business “Quick-service restaurants had a tough first quarter”
Digital wallets are popular among consumers. New studies show consumers who use digital wallets are inclined to spend 31% more than consumers who do not use them.
*Information from EMARKETER “Consumers spend more with digital wallets”
Restaurants in California are experiencing a surge in minimum wages. Minimum wages went from $16 per hour to $20 per hour for quick-service restaurants in California. Some California restaurants have had to pay even higher average wages just to attract quality employees.
*Information from Nation’s Restaurant News “The Wealthy Franchisee: 3 ways to maximize ROI amid soaring labor costs”
Food waste continues to be a crucial challenge in the restaurant industry. Most restaurants produce between 25,000 to 75,000 pounds of food waste each year. The restaurant industry alone loses roughly $25 billion a year in food waste costs.
*Information from Restaurant Technology News “Despite Advances in Technology Aimed at Restaurant Sustainability, Food Waste Remains a Major Problem”
Support Spotlight: Insights and Tips
Our support team manages over 2500 calls each week
Our team of Field Service Technicians provides rapid and expert support: 92% first-time fix rate
Did you know?
Powering off your devices at night can prevent crucial updates from running. Keep your POS terminals, kitchen controllers, and tablets powered on to ensure key updates are applied!
Hot Off the PAR Press
PAR Data Central X Love’s Travel Stops
We recently announced Love’s Travel Stops selected PAR Data Central as their exclusive Enterprise Food Management Solution. By incorporating PAR Data Central's Food and Inventory Management Solution into their stores and travel stops, Love's aims to optimize food cost tracking, improve reporting efficiency, and centralize operational processes. Read the Press Release Here!
Restaurant Owners Uncorked Featuring Savneet Singh
PAR CEO, Savneet Singh, was recently featured in the latest Restaurant Owners Uncorked podcast. Tune in to hear from Savneet Singh as he discusses his story, the history of PAR, and his vision for the company. Listen to the podcast here!
PAR Product Updates
PAR Brink POS
Brink’s latest product update was packed with exciting new features that:
… and much more!
PAR Data Central
Menu Costing and Analysis allows users to view the real cost and popularity of their menu items by specific dates, order modes, and stores or store groups. This feature makes menu analysis easily available without any heavy lifting. Users can experiment with menu cost and pricing to see a predicted outcome based on existing sales trends. In-depth analysis is now possible and includes customer-selected modifiers to see true item cost, driving decisions to increase profitability and customer satisfaction. See Menu Costing & Analysis in Action!
Partnership Spotlight
5&5 is a food service industry IT & digital managed services company. The company supports brands on Digital Implementations, POS & SaaS Management, Loyalty Management, and Creative Services (UX/UI, Branding). 5&5's mission is to enable food service brands to grow in a digital future by becoming an extension of a brand’s internal teams.
Customer Success Stories and Articles
Case Study: PAR Pay Enables MAD Greens to Improve Retention Rates by 34%
By leveraging the PAR Payment Gateway natively integrated with PAR Brink POS and PAR Punchh, MAD Greens has been able to drive operational efficiencies, create secure and convenient payment experiences for guests, and improve employee retention rates. Download our latest case study and learn how PAR Pay helped MAD Greens empower its employees, improve retention rates, and increase average hourly wages. Download Here!
eBook: Buyers Guide: Top POS Must-Have for Growing Restaurants
With so many POS systems available today, choosing the perfect solution for your growing restaurant operations may feel like a headache, but it does not have to. Download our newest ebook and learn about crucial considerations and key POS features when looking for a new system as well as first-hand success stories from restaurant brands leveraging the ideal POS. Download Here!
Blog: A “Stop Food Waste Day” Special: Curbing Food Waste with PAR Data Central
Did you know the United States restaurant industry alone produces roughly 22 to 33 billion pounds of waste each year? Reducing food waste is crucial for the success of your restaurant, and leveraging back-office solutions can make a significant difference. Check out our latest blog to discover tips and tricks to reducing food waste at your restaurant with PAR Data Central. Read Now!
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