Impact of our Analytics on Restaurants : Analytics Solutions.
Restaurant business has always been a guessing game based on experience and intuition. With this perception, Restaurant owners design their food menu with an expectation that their customers would enjoy it. But in today’s world guessing game won’t help a business survive. With increased competition, new Restaurants, and rising costs, a Restaurant owner cannot afford to be guessing anymore.
To manage and run a Restaurant business a lot of different aspects are to be considered such as sales, various expenses, recipes, meal preparations, inventory, staff, customer interactions, customer feedback and many more. With the help of technology all this can be answered. There are several technology platforms which enable the restaurant owner to address these issues.
Data Entry for accounting is a manual process and moreover the accounting is done for the purposes of Government Regulations. Often due to complexity the restaurant owners are not able to understand and taken data driven decisions.
We have seen many of our restaurant partners face various issues.
In India, restaurants tie-up with food aggregators like Swiggy, Zomato, Uber eats and many more. Restaurant receive orders from different food aggregators on daily basis. Further, with the advent of rising Fintech, every restaurant offers multiple payment options like Card, cash, wallets, UPI payments, etc. Keeping a record of all different modes of sales, payments, aggregators sales, discounts offered and inventory is a difficult task for restaurant owners.
There are various expenses which a Restaurant must deal with like food cost, labour cost, rent and many more which are small tickets but large volume. Keeping a track of a particular expense and its impact on overall profit is a challenge.
Book-keeper typically does not have time to provide insights from the given data and let owners take better decisions in terms of menu optimization, pricing, promotions, discount strategy, etc.
Different Food delivery aggregators have different discount rates, Commission percentage, taxes, tax deducted at source etc. Taking a note of these data and reconciling it takes lot of time by the book-keeper. So, we developed a solution to bridge the gap between the book-keeper and restaurant owners.
A well-designed Restaurant Visual dashboard will give restaurant owner a detailed look of their entire business from top to bottom. Rather than going through complicated Profit and Loss account with accounting jargons on a excel sheet or digging through accounting reports to get an overall view of your restaurant, a visual restaurant analytics dashboard can aggregate the data quickly. With the help of a visual dashboard a restaurant owner can get insights about the business in rapid time and can take impactful decisions.
Collection wise Analysis
We have designed a dashboard where one can easily keep access data and keep a track of daily sales which includes orders from various food aggregators and payments. This will help a restaurant to easily keep a track of all the scheduled payments and various modes of payments made to the restaurant.
Product analysis dashboard can give a restaurant owner insight about what is selling and what isn’t selling. With the help of product data analytics, we will be able to see which items are attracting customers to come back again and frequently brought. Analytics will help in exploring potential low selling products. Restaurants undertake menu restructuring on a periodic basis. Our product Analysis dashboard can help in facilitating menu restructuring.
Product Analysis Dashboard
Profit is what keeps restaurant moving, it is important to maintain a balance between sales and expenses to keep a track of profits. So, to help a restaurant owner we have designed a dashboard which will give detailed insights about month on month sales, expenses and profitability of the business.
Profitability Analysis Dash Board
By analyzing the dashboard one can get an idea about performance of business and can take actionable insights to increase profit.
Profitability Analysis Dash Board 2
The faster you can access the information you need, the better you can manage, control and improve your restaurant business. This gives you better control of quality and costs and ensures consistency. There are endless possibilities to the data that we can analyse. Anything you want to analyse can be analysed quickly and effectively. Restaurant analytics helps a business owner to take better decisions. Any restaurant owner still playing the guessing game is likely losing time and money.
Check out more on our Restaurant Analytics Dashboards : Restaurant Sales Analytics