When adjusting for inflation, this means margins for restaurants are going down.* Lightspeed Advanced Insights enables restaurant owners to make decisions that directly impact their business by understanding top spending customers, waitstaff performance, busiest hours and day of the week and menu items that generate repeat customers. At the same time, food costs are pacing ahead of inflation. Lightspeed sales data from nearly 6,000 US hospitality merchants shows that while inflation rose 8.26% on a year-over-year basis in August, menu prices have only increased 5.56%, on average, over the same period. Every restaurant has different priorities and Lightspeed can program around those priorities, but for us that information is super valuable and it helps us work with servers for them to get higher sales and thus more tips." "Lightspeed Advanced Insights helps us break down how a server is performing in terms of hitting upselling goals," said Jared Downs, Owner and Operator of Freshwater Tavern. "We can quickly look at if they are getting customers to add craft cocktails to 20 percent of meals, for example, or selling a bottle of wine to 5 percent of tables. Customize the questions and checklists to suit your restaurant's unique operations. Logbook: Logbook makes it easy for staff to record comments from the day's shift.Raw data is translated into understandable insights alongside qualitative feedback from servers. Daily Digest: Review daily highlights including logbook, shift notes, pay in and payout.Use data to identify how guests respond to new hours, events, or marketing pushes. Campaigns: Define a time range to dynamically track sales and visits compared to the restaurant's average.Guest Book Lifts Consumer Lifetim e Value: Creating a unique guest profile for everyone who pays with a credit card, Guest Book automatically collects useful data on each guest such as preferred payment methods to determine which devices and flows increase ticket size and cover count.Servers - Get an insightful personalized report card for each server to identify the rockstars, help boost their earnings, and uncover coaching opportunities to confidently make decisions that impact the bottom line.Empowered with the actual data behind restaurant operations, easily make business decisions regarding staffing, locations management, as well as identify which menu items are bringing people back in for more. Sales - Sales analytics make it easy to understand day-to-day operations and compare sales trends over time.Measure the success of a menu change in real-time and make strategic adjustments to offerings with data from menu performance. Magic Menu Quadrant - Break down specific menu items at-a-glance in terms of "One-Hit Wonders", "Greatest Hits", "Underperformers", and "Hidden Gems".Lightspeed Advanced Insights is Comprised of Five Different Modules: Data from every transaction processed is automatically captured, analyzed, then delivered right back to restaurateurs - identifying trends, such as which menu items will turn a guest into a repeat customer or which staff member is performing at top level, that reveal impactful ways for merchants to optimize their business. Powered by Lightspeed Payments, the Lightspeed Advanced Insights add-on eliminates guesswork with instantaneous analysis for actionable insights. The solution has taken a step further in empowering restaurant owners to make confident business decisions using clear and actionable insights from analytics that work seamlessly in the background.Ĩ6% of restaurants surveyed say they’re leveraging POS data for loyalty programs and for upselling/special offers in 2022, according to HT's 2022 POS Software Trends report Lightspeed Restaurant now includes Lightspeed Advanced Insights.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |