A POS System for Bar and Restaurant Functionality Can Save You Money and More

A bar and restaurant business can sink under the losses from a thousand little leaks. The waste, spillage, and spoilage that can go undetected in a traditional management system can add up, dangerously skewing projections and covering up inefficiencies.

The casual ambiance of a business that depends on the customer experience of a good night out doesn’t always lend itself to overanxious accounting, but there are simple ways to tighten up your financials without ruining the atmosphere. One of the best ways to save through a smoother management system is to upgrade to a POS system for bar and restaurant businesses that can track every portion, improve floor-to-kitchen communication, and provide practical insights into the source of profit.

What a Modern POS Looks Like

A modern point of sale system not only can save you money, it can also reduce the clutter and complication of your front-of-house. It starts by converting traditional cash registers and hand-written ordering systems to discrete mobile technology, like iPads. Staff can take orders, split bills, and make quick table management decisions from a single compact source that simultaneously connects with the bar, kitchen, and reception to make sure everyone is on the same page. The system also makes it easier to take payments right at the table.

The other half of a modern POS system for bar and restaurant managers is stored in the cloud. From a single online hub, a manager can make purchase orders, check stock levels, monitor live sales information, and update staff rosters and timesheets.

The hardware/software combination gives managers access to three advantages that improve service performance and the bottom line:

Digital inventoryImproved communicationSales analysis

Those three factors upgrade a bar and restaurant to modern standards of digital efficiency, but the biggest impact on the bottom line comes from the on-demand nature of POS products.

Save Money with a POS System for Bars and Restaurants   

Like many of the business advances of the 2020s, the leading POS solutions now arrive via the cloud. Cloud computing allows small-to-medium businesses to access the best software and tools without having to supply the storage space, maintenance, or ongoing IT commitment to keep them working. Instead, an expert provider handles all the heavy lifting and the bar or restaurant manager is then able to use the dynamic accounting, inventory, invoicing, and data analysis software from any internet-connected device and at any time.

The cost savings come from the subscription nature of the POS product. Instead of having to put together a sizable financial commitment, the best POS solutions now operate as leave-anytime, on-demand agreements no more complicated than Netflix.

Product offerings are scalable to grow alongside a successful business, and accompanying hardware is agnostic to financial institutions, leaving managers free to find the most affordable partners for their transactional and accounting needs.

The rest of the bottom-line benefits of a modern POS system are delivered through those three primary management features.

1. Digital Inventory

A digital inventory is the best defense against those thousands of little leaks a bar and restaurant business can incur. The idea is that every item and ingredient brought into the business can be broken down into individual units that can be more reliably tracked from arrival to departure as waste, spoilage, or sale.

The system provides an accurate stock count that can be called upon quickly and can integrate the purchases and uses of different teams, so the wine used in the kitchen doesn’t have to be included with that used at the bar. Going digital makes manageable the process of tracking an entire business’s worth of raw ingredients, cases of wine, and a bottomless supply of napkins and cutlery.

Without a digital inventory feature in your PSO arsenal, you’re just guessing.

2. Improved Communication

Some of the waste and loss that a restaurant struggles with is caused by simple miscommunication. The traditional process of relaying orders through written checks on the kitchen pass or duplicating dockets to the bar is inefficient and can get completely out of hand during peak service.

A modern POS system for bar and restaurant teams uses touch-screen simple iPad ordering to simultaneously send requests to every station that needs to know. So, the bar, grill, dessert, and reception terminals all light up with the same easy-to-read instructions and can coordinate their response. You can even send messages in different languages.

Going digital also comes in handy when you’re trying to expand revenue streams by introducing takeaway, delivery, and online orders, as it can provide a single source of information.  

3. Sales Analysis

Perhaps the biggest break from inefficient tradition that a modern POS solution can bring is the introduction of data, customer, and sales analysis. Once the exclusive reserve of major companies, data analysis is now available to all through the rise of digital POS. The units of stock, integrated orders, and central accounting software all combine to give owners and managers at-a-glance knowledge of how a business is making money.

You can reveal the top-selling menu and bar items over any period of time, assess the performance of individual staff members, and accurately measure the impact of marketing projects, just to name a few of the potential uses.

These insights can inform decisions and stimulate practical responses to changing conditions quickly enough to capitalize on opportunity or ward off potential waste.

Data analysis tracks the flow of money around a restaurant business from the spend to the profit and can be used to detect those little leaks that can add up to major losses.

A POS System for Bar and Restaurant Improves Business

Modern POS systems save you money by reducing mistakes, improving communication, and providing a running analysis of how your restaurant or bar turns its spend into profit.

By finding the right subscription offerin,g you can plug the leaks in your business and start improving your bottom line. A talech POS solution provides you with the flexible, state-of-the-art mobile options you need to reduce waste, improve communication, and increase profits at your restaurant or bar. Our systems are fully customizable so you can improve the way you work without discarding what you know customers want. Reach out to us today to sign up for a demo and to learn more about how talech can be your valued POS partner.