As a restaurant owner or operator, you should always be looking for ways to save time and money. If your plans for the future of your business include growing and adding locations, being able to scale efficiently and profitably is key. Growing restaurants report that automation allows just that. By automating repetitive and time-consuming tasks that by themselves are not adding value to your customers, you allow more time to focus on other aspects of your business to further improve your bottom line.
We’re in agreement that automation is a must, but where should you invest in automation? This depends on where you are in your business life-cycle, so ask yourself:
Do you have a cloud-based point-of-sale (POS) system?
If the answer is ‘no,’ it’s time to step into the 21st century. By having a cloud-based POS system, it can easily be integrated and connected with other cloud-based softwares.
Does your POS system speak with your financial management tools?
When your point-of-sale system “speaks” and is integrated with your financial management tools, sales data can be easily transferred and reported. For example, Restaurant365 aggregates all labor data from your POS for you, so you can export or send it directly to your payroll processor.
Are you able to integrate your food and beverage vendors into your reporting and financial tools?
You can maintain an updated financial budget for each individual restaurant by having the ability to integrate vendor invoices into your financial budget. Restaurant365 can easily budget for multiple locations at a time, automatically pulling data from food and recipe costs, inventory and more.
What manual processes are you currently using to “move your data”?
By having an all-in-one restaurant accounting software, all of your data can be recorded in one place. Restaurant365’s dashboards allow you to aggregate data like your general ledger, accounts payable/receivable, bank reconciliations, budgets, forecasts and more.
How do you get data out to your team?
Siloed data often makes distributing data impossible because the data is living in multiple places and is often under the control of one department, isolated from the rest of the organization. Automation should (and can) bring all of your data into one place for easy access, distribution and review.
What is your growth plan?
When thinking about your growth plan and your goals, determine if your current systems have the horse-power to get you there. If your growth plan is aggressive, you should find a software that allows you to run 30 restaurants using the same amount of time and resources it takes to run one restaurant.
Automation should not be a self-serving goal. In other words, if your inventory system can “automatically” alert the manager when the weather changes, does it matter if they can’t make any actionable decisions with that information? The end goal of automation is to make your and your team’s lives easier by eliminating repetitive and time-consuming tasks that may take you away from your customers.
Speaking of repetitive tasks, you can eliminate a ton of manual data entry by making sure as many of your systems as possible are integrated, which can save time, mistakes and headaches. Restaurant365’s all-in-one reporting system integrates everything from inventory, labor tracking, vendor invoices and more, rolling everything into one, easy-to-use, cloud-based platform.