Automation allows restaurant managers to set customizable rules to streamline tip payments, payroll and compliance.
IRVINE, California, February 29, 2024 /PRNewswire/ — Restaurant365, the leading end-to-end restaurant business management platform, today announced the release of its tip automation tool, empowering restaurant managers to simplify this complicated but necessary task while empowering them to refocus on the most important strategic initiatives. .
Tips contribute billions of dollars to the U.S. economy annually and make up the majority of income for millions of Americans, according to the American Business Association. Precise management of the distribution and calculation of tips is essential for the day-to-day operations and long-term success of the restaurant.
“As with many other restaurant management functions, we’ve long seen managers spend too much time working with disjointed sets of generic tools and spreadsheets that prevent them from doing their best work,” he said. Mark Calvillo, Senior Vice President of Product at Restaurant365. “With Restaurant365 Tip Automation, restaurant businesses of all sizes can create automated, integrated workflows that simplify manual work so managers can focus on what matters most—their guests and teams—with confidence that tips are properly managed and accounted for.”
Removing manual chaos
Previously, restaurants used non-standard processes to manage how they calculated and distributed tips, requiring multiple individuals to do manual calculations, opening the door to errors and inconsistencies. Restaurant365 Tip Automation bridges the gap between POS punches and payroll systems, eliminating the need for cumbersome data entry and auditing while automating record keeping. Users can create as many rules as needed to accurately manage tip shares and pools, eliminating the need for manual work and any doubt that tips are being distributed according to company policies.
“Restaurant365 Tip Automation sets me back four to five hours a week,” he said Chad Arnoldan Oklahoma-based Summer Moon Coffee franchisee and early adopter of the tool. “Now it’s easy for me to empower and teach someone how to use advice automation versus a spreadsheet, and from an employee standpoint, it’s regulated; they know the software is driving the process, so it builds trust.”
By moving the entire tipping workflow into an automated system, restaurant managers and employees gain greater visibility into the entire process. Employees can view their tips within the Restaurant365 mobile app, including total tips earned for each pay period, broken down by shift totals, giving employees financial visibility to better manage their money and expenses.
About Restaurant365®
Restaurant365 is a leading all-in-one accounting, inventory, scheduling, payroll and HR solution in the cloud, developed specifically for restaurants. R365 restaurant business management software simplifies day-to-day management for operators, allowing them to control food costs and optimize operations. Integrations and open APIs allow Restaurant365 to connect with other systems, including POS providers, suppliers and banks. The result is accurate, timely reporting that provides a clear and complete view of their business. Restaurant365 is based in Irvine, California with an office in Austin, Texas. The company is backed by Bessemer Venture Partners, ICONIQ, KKR, L Catterton and Serent Capital. Additional information is available at restaurant365.com.
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SOURCE Restaurant365
