FoodRazor Blog

Exploring F&B industry and operational efficiencies

These days, smart is the new sexy. Making use of technology is not only a smart way to manage your restaurant, but it also gives you an edge over your competitors.

Businesses have started moving away from the conventional cash registers and card machines of the past, moving instead to computers and POS machines.

Every business needs to invest in appropriate technology to compete in today’s market.

Why Invest?

Investing in the right technology, such as a restaurant management system, is proven to help businesses operate efficiently and scale faster.

Here are three operational areas you can start considering:

Online orders

Online ordersImage from McDonald’s

Online ordering has transformed the restaurant dining experience. On an online website or an app that lets customers add food to their cart, there is a high chance that the app will create more profit. For example, online ordering apps prompt the customer to add a drink to the order once they’re about to check out. By capitalizing on online potential, restaurants have more power to up-sell their items, compared to the conventional dine-in experience.

44% of Singaporeans have visited restaurant delivery websites or meal-kit-delivery services online, compared to the global average of 33%.

With the demand for online ordering increasing, restaurants who have invested in a POS system, integrated with these online portals, surely have the edge over the others.

Online Payments

Online PaymentsImage from DBS

Shortening the time diners take to pay for their meals makes the dining experience more enjoyable, and increases the likelihood that they will return. By scanning just a QR code, payments are done in a jiffy and there are no hassles with the balance change.

Streamline Operations

Wouldn’t it be great if you didn’t have to take up the tedious task of typing invoice data onto spreadsheets, but the work still got done? Technology is the answer.

Cutting edge restaurant software— with features like Inventory Management, Invoice Management, Supplier Management etc.— saves so much effort and time in managing such processes. With tools like this, the chances of errors are very minimal as compared to manual entries.

Your orders and invoices can be tracked without much deviation, and missing paper invoices is no longer a problem, as all the data are collected in one central system.

FoodRazor takes care of your invoices so you can take control of your spending. Simply snap a photo of your invoice and we’ll digitize, organize, track and analyze it. It’s purposefully designed to save you time— just so you can focus on what you do best.

With customer trends and preferences going digital, restaurants in this market have to invest in technology to survive. The capacity for a restaurant to adapt to these technologies will continue to define what it takes for ventures to stand out and succeed among competitors— it will prove to be the differentiator between “businesses” and “successful businesses.”