The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
By Johnny Kawa
May 19, 2023
Running a successful restaurant involves more than just serving delicious food. It requires efficient operations, streamlined processes, and the ability to maximize revenue. One essential tool that can significantly impact your restaurant’s revenue is a BIR-accredited Point of Sale (POS) system. In this blog post, we will explore how a BIR-accredited POS can help increase your restaurant revenue. From optimizing table turnover and streamlining order management to implementing effective upselling strategies, a BIR-accredited POS offers numerous benefits that can directly contribute to your restaurant’s financial success.
Efficient Order Management
A BIR-accredited POS system enables your restaurant to streamline the entire order management process. By utilizing a digital system, you can eliminate the need for handwritten orders and reduce the chances of errors. Servers can input orders directly into the POS system, which instantly transmits them to the kitchen, improving communication and reducing waiting times. This efficiency leads to quicker food preparation and ultimately faster table turnover, allowing you to serve more customers and increase revenue.
Real-world example: A popular restaurant in Manila implemented a BIR-accredited POS system, enabling seamless order management. By eliminating manual errors and reducing waiting times, they were able to serve more customers during peak hours, resulting in a 20% increase in daily revenue.
Table Turnover Optimization
Optimizing table turnover is crucial for maximizing revenue in a restaurant. A BIR-accredited POS system provides real-time insights into table occupancy and dining durations, allowing you to identify bottlenecks and make necessary adjustments. With this information, you can efficiently manage reservations, ensure timely seating, and reduce customer wait times. By improving table turnover rates, you can accommodate more diners and increase revenue without compromising the overall dining experience.
Real-world example: A fine dining restaurant in Cebu implemented a BIR-accredited POS system with table occupancy tracking. By closely monitoring table turnover, they identified specific areas where they could reduce waiting times. As a result, they achieved a 15% increase in revenue within the first month of implementation.
Accurate Sales and Inventory Tracking and Reporting
A BIR-accredited POS system provides accurate sales and inventory tracking and reporting capabilities, which are essential for optimizing revenue. With detailed reports on sales performance, you can identify your best selling items, maintain optimum stock levels, determine their profitability, and adjust your menu accordingly. Moreover, the system can generate comprehensive sales reports required by the BIR, ensuring compliance with tax regulations. By having a clear understanding of your sales data, you can make informed decisions about pricing, promotions, and menu offerings, ultimately increasing your restaurant revenue.
Real-world example: A café in Quezon City utilized a BIR-accredited POS system to track their sales and inventory and generate detailed reports. Through the analysis of sales data, they identified the top-selling items, made sure they never ran out of stock, and strategically increased their prices by a small margin, resulting in a 10% boost in revenue.
Effective Upselling Opportunities
A BIR-accredited POS system can help your restaurant capitalize on upselling opportunities. By integrating upselling prompts, menu modifiers, and suggestions into the ordering process, you can encourage customers to add extras or upgrade their orders. The system can automatically recommend complementary items or highlight daily specials, increasing the average check value and driving additional revenue.
Real-world example: A pizza restaurant in Metro Manila implemented a BIR-accredited POS system with built-in upselling prompts and menu modifiers like various additional toppings. By suggesting popular side dishes and offering upgrade options during the ordering process, they saw a significant increase in average order value, resulting in a 25% rise in overall revenue.
Enhanced Customer Experience
A positive dining experience is crucial for customer satisfaction and repeat business. A BIR-accredited POS system can contribute to an enhanced customer experience, leading to increased restaurant revenue. Here’s how:
With a BIR-accredited POS system, you can offer multiple payment options to your customers, including cash, credit cards, and mobile payments. This flexibility enhances convenience and ensures a smooth transaction process, reducing any potential friction that may arise from limited payment options.
Real-world example: A seafood restaurant in Boracay integrated a BIR-accredited POS system that accepted multiple payment options including debit cards, credit cards, GCash, PayMaya, etc.. By offering a seamless payment experience, they noticed an increase in customer satisfaction and a higher likelihood of repeat visits.
Additionally, a POS system can store customer data, such as preferences, allergies, and special requests. This information allows your staff to provide personalized service and cater to individual customer needs. By making customers feel valued and well taken care of, you create a memorable experience that encourages them to return and recommend your restaurant to others.
Real-world example: A family-owned restaurant in Tagaytay utilized a BIR-accredited POS system with customer data storage. By capturing customer preferences, they were able to surprise regular guests with personalized recommendations and create a loyal customer base, resulting in increased revenue through repeat visits and positive word-of-mouth.
Investing in a BIR-accredited POS system for your restaurant is a strategic decision that can significantly impact your revenue. From efficient order management and optimized table turnover to accurate sales and inventory tracking and enhanced customer experiences, a BIR-accredited POS system offers a range of features and benefits that contribute to increased revenue and improved business operations. By streamlining processes, identifying upselling opportunities, and providing personalized service, you can maximize your restaurant’s revenue potential and stay ahead of the competition.
Consider EasyPOS, a BIR-accredited POS system that integrates seamlessly into your restaurant operations. With EasyPOS system in place, you’ll have the tools and insights necessary to drive revenue growth, enhance customer satisfaction, and propel your restaurant to new heights of success. Visit https://human-incubator.com/easy-pos/ and book a demo today!
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
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The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
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Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).