How does a chef or hotelier maximize profit when food or hotel amenities form their expertise, not business? Use a hospitality management platform that guides you – step-by-step – through the business planning process. With such a platform, you can easily determine optimum budgeting, staff scheduling, and other important aspects of operating a restaurant or hotel.
How Do You Know the Platforms Work?
Signing up for a hotel or restaurant management software as a service (SaaS) doesn’t have to mean a scary situation. Many platforms offer free demos or trial use periods, so you can test the various features and become comfortable with them.
The top SaaS platforms provide use cases and existing businesses that use their service and attest to how well it works. These companies typically have experienced superb results using the product; hence, the platform uses them as case studies. These case studies usually include a disclaimer that you should not expect the same results because these vary by user.
What Does Hospitality Management SaaS Do?
Hospitality industry SaaS typically includes modules that address each major need of a business, but tailored to the hospitality industry. Here’s a look at what these programs usually cover:
• Operations optimization
• Labor management
• Purchasing
• Sales
• Point-of-sales integration.
Besides guiding you through the process of creating your budget, schedule, purchasing, and purchase orders, these programs help you analyze your business. The top SaaS hospitality programs produce reports, so you can review weekly and monthly expenses and sales. By syncing with your purchasing system and sales, these programs save you time and automatically track needed variables. This type of analysis lets bars and restaurants lower their pour and food costs, typically by up to 5%.
Chefs Running a First-time Business
Many chefs own their own restaurants. They don’t start out with business degrees; they launch their careers with culinary degrees. They may create delectable dishes but lack business acumen, something many episodes of the TV show “Hell’s Kitchen” have shown. Successful chefs like Gordon Ramsay and Bobby Flay reveal in their TV appearances that they had to learn which restaurant and business models work well. Applying this knowledge led Ramsey, a Michelin-star decorated chef, to open burger joints in the U.S.
Not everyone experiences the benefits that Flay did, working for a successful restaurateur who recognized his talent and paid for his culinary schooling. He learned the business from the bottom up, starting as a busboy.
Benefits of Management Platforms for Hospitality
The best of the SaaS platforms help the average person starting a café or eatery to plan and execute without the benefit of a mentor. These programs have you fill in the literal blanks to answer questions that a business manager would.
Because they require a small investment and most offer month-to-month subscription plans, they cost less than hiring a manager. Using such a platform lets a one-person food truck launch its business with success and expand. Make your dream of opening a coffee house or owning a hotel a reality and use a management platform for the hospitality industry to do so effectively.
Also Read: Top 7 Mobile Workforce Management Solutions for 2024
