POS System Return on Investment Analysis
Want to increase the profitability of a single restaurant or coordinate the operations of an entire chain? A point-of-sale (POS) application can help you meet your goals, and have a significant positive impact on the success of your business…
To help restaurateurs make wise choices, Maitre'D is offering a ROI Analysis tool to estimate potential returns on such an investment and build a business case to help support your decision to invest in a POS system. With this tool, you’ll be able to see how a POS system can truly impact your bottom-line.
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How to use the ROI Analysis Tool
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Key Benefits of POS
The benefits of a point-of sale (POS) are as simple as eliminating errors between your servers and the kitchen and charging for everything that is served, and knowing that your end-of-day reports are just a few keystrokes away. POS offers this and much more!
The most important result is increasing your business’s bottom line as your customer satisfaction increases. A POS can help you manage and control all aspects of your business.
- Service and Communication – Remote Kitchen and Bar printers provide instantaneous communication. Eliminates mistakes, speeds up service and lets servers spend more time with customers!
- Guest Check Control – Track guest checks to ensure full accountability by servers. Allows for almost all situations – Split checks, discounts, tax exemption, coupons, promotions, tips, etc. Pre-check system ensures you charge for every item served – nothing is made without being posted to a check first.
- Inventory Control – Complete and detailed sales data by item allows you to quickly validate actual stock. Easy to pinpoint areas of waste and/or theft. Daily specials can decrement each time items are sold so servers know when they are no longer available.
- Time and Attendance – Software includes all labor-tracking functions. Results in increased productivity and gives you quick and easy access to all labor-related information.
- Transaction Processing – Electronic draft capture at each station for faster, easier server access. Eliminates the need for separate credit card authorization terminals and minimizes the extra phone lines required to support them. Eliminates manual fund reconciliation because all transactions are tracked separately and are automatically balanced.
- Order Entry – By requesting and prompting for order details automatically, orders are entered correctly with all critical information relayed to the kitchen. Up selling is encouraged. Orders are entered easily by touch screen, alphabetical or PLU (product number). Hand held terminals provide full service tableside, ideal for patios and large bars.
- Back Office Administration – The best POS system will dramatically reduce paperwork and provide easy and immediate access to all information: tax reporting, payroll, inventory control and more. Detailed information is at your fingertips: revenue and menu item sales by server, by shift and by outlet, contest reports and much more.
- Third Party Software – POS data is easily exported/imported into most third party back office software applications, e.g., accounting, payroll, food and beverage, frequent diner, and more.