Technology is revolutionizing the hospitality industry, offering innovative solutions to increase efficiency, reduce costs, and stay ahead of the competition. According to a recent report from Faster Capital, utilizing new technologies is crucial for restaurants to adapt to changing environments and maintain a competitive edge.
One of the tech solutions making waves in the industry is Clover, a cloud-based point of sale (POS) system. Clover allows restaurants to accept payments in multiple forms, track purchases, manage online orders, and analyze trends and business drivers with reporting capabilities.
Another popular solution is Tock, a reservation platform used by more than 23,000 companies worldwide. Tock helps restaurants drive revenue and keep their seats filled with customizable table management tools. It caters not only to restaurants but also to hotels, resorts, breweries, and distilleries.
Revel, a cloud-based POS system, is another game-changer in the industry. With approximately 20,000 businesses around the world utilizing Revel, it offers customizable options and an open API to expand reach, drive profits, and fulfill customer needs.
AI-powered software vendor selection tool Olive is also transforming the industry. Olive allows stakeholders to collaborate on a streamlined software selection process, helping restaurants find the tech solutions that best fit their needs. The tailored solutions offered by Olive have resulted in an average of 60% cost savings on solution evaluations.
Using these innovative technologies not only benefits customers but also owners and operators. According to a report from restaurant consulting firm Aaron Allen & Associates, technology can streamline operations, improve customer experiences, and ultimately boost profitability for restaurants.