5 Reports to Boost Your Smart Restaurant Business

Running a restaurant or any business for that matter is a strenuous task. There are so many small-to-large chores involved that it becomes both physically and mentally draining to manage them all together. Then you’ve got the burden of creating all sorts of reports to evaluate your existing business performance and accordingly take measures for improvement. Well, you can appoint a manager, but that cannot suffice the exponential need. Hence, it becomes important to have a centralized automated system that can perform all these tasks on its own. Read on to know how an automated system can help your turn your traditional food joint into a smart restaurant.

You may have started taking online orders using a third-party food delivery app, but will that alone deal with all your day-to-day challenges of running a restaurant?

Certainly not.

Instead, you need powerful instinctive Point-of-Sale (POS) software to automate and manage your day-to-day operations. A smart POS software is able to generate 5 types of restaurants to help you take care of both your front-end and back-end operations seamlessly.

Let’s know what these reports are.

Billing Reports

It is important to take care of what’s coming in and keep a track of the invoices generated by your restaurant. Billing helps keep a close check to maintain a healthy cash flow. A smart POS is powerful enough to give you the details about all the delivery and takeaway orders in real-time. Also, you can access these reports on your smartphones even when you are on the go. Plus, it also offers you details about any discount on each bill to track if the staff has provided any unnecessary deals to the customers.

Sales Report

These reports help you know the current status of the sales along with measuring your potential achievements in the future. Sales reports are vital for your restaurant as well as overall business success.

A POS software can generate a detailed report on your daily sales in real-time and help you analyze customer trends. Even when you are not physically present in the restaurant, your cloud-based POS can offer real-time reports on your smartphones. Doesn’t that make you a smart restaurant owner?

Inventory Reports

Managing the inventory or stock is one of the biggest challenges restaurants face. To minimize waste and internal theft, managing inventory levels becomes important. An ideal POS software can enable you with a unique inventory reporting feature. You can also know about the current status of your stock, forecast about the future, etc. It can also calculate the difference between what’s available and what’s needed to prevent overstocking and understocking.

Staff Attendance Report

Your staff is an integral part of your restaurant and hence it needs attention too. However, managing your staff attendance on the basis of those paper-based spreadsheets hanging on the dashboard has always been difficult for restaurant owners. This seems to be an unreliable method of staff management.

A POS system allows you to manage your employee attendance while helping you analyze their performance on an individual level.

Customer Relationship Management (CRM) Reports

No doubt, having a smart and robust CRM set-up is a dire need in any restaurant. As such, your cloud-based POS software must be integrated with CRM to collect your customer data. It should collect details about the Customer’s name, contact number, email, order history, and reports to assess the trends. Such reports help restaurants analyze their customers’ behavior, which can be used to improve the restaurant experience for them.