Simplifying inventory, purchasing, and insights for food programs
Boston, MA, (GLOBE NEWSWIRE) - BevSpot, one of the leading technology companies in the global food and beverage industry, announced today the launch of its new food program management software. This latest addition to BevSpot's product suite provides bars, restaurants, hotels, and hospitality groups a comprehensive solution to simplify and manage their food program operations.
Unlike other platforms that require in-person setup, BevSpot’s cloud-based software enables users to easily and immediately access day-to-day records and key business health metrics. BevSpot’s all-in-one food and beverage management software provides a simple solution for managing day-to-day operations and increasing visibility, efficiency, and profitability.
“Our mission is to empower the global food and beverage industry with technology. With this new product, we aim to provide businesses of all sizes—from restaurants and bars, to hotels and management groups—a full-service technology option to help them take control of their entire food and beverage operation." said Rory Crawford, CEO and Co-Founder of BevSpot.
According to a study by Cornell University, 26% of hospitality facilities fail in their first year and 59% fail in three years. While failure rates for small, independent operations is higher at 27% in year one, multi-unit operations are not far behind at 24%. To stay open, it’s necessary to focus on minimizing costs, creating unique guest experiences, and understanding trends.
“For many of our clients, their food programs contribute to over 70% of their overall revenue,” said Chidubem Ezeaka, BevSpot’s Co-founder and Chief Product Engineer. “We knew it was vital for them to manage, monitor, and track their food programs, so we made it possible in BevSpot. Whether it’s managing your inventory or understanding your spoilage, we’ve developed a solution that can work for anyone, anywhere in the world, that wants to move their kitchen data online.”
To stay open and profitable, single establishments and multi-location groups must focus on their return on investments. “It’s simply not enough to just break even,” said Ashley Rouse, VP of Sales. “Our customers need to succeed in a competitive market. To do that, they need to know that they’re investing in a software that helps them secure both short-term success and long-term growth.”
In a time where digital technology is the norm, the food and beverage industry still relies heavily on spreadsheets and clipboards. BevSpot helps food and beverage industry professionals easily transition from pen-and-paper to cloud-based software. By digitizing their inventory, purchasing, and sales data, BevSpot helps users gain valuable insights to improve their bottom line.
BevSpot builds easy-to-use online technology solutions for the global food and beverage industry. Through BevSpot’s food and beverage management software, customers can take control of their entire operation—from the bar to kitchen—on any device, all saved to the cloud. Today, BevSpot has empowered thousands of users worldwide to make data-driven decisions and grow their business.
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