Food and Beverage Tech Review : News

LOUISVILLE, KY: QSR Automations, provider of guest management solutions and kitchen display technology, announces the addition of online reservations and email marketing with the release of DineTime version 3.0. A browser widget has been added to a restaurant's website that allows guests to get reservations online which then syncs the information with the app in real time. DineTime, runs on an iPad, and was developed to improve a restaurant's operating efficiency and boost business' profitability by providing wait list management, 2-way SMS texting, a guest book, and other host of distinct operational analytics.  "Our work for the last 15 years has always been on the forefront of restaurant technology, and this release is no exception," says Lee Leet, QSR Automations President and CEO. "DineTime now streamlines guest management and online reservations in one app. We knew restaurants wanted an alternative to what's out there now--and they want one they can trust." Adding DineTime 3.0 transforms a restaurant's website into another marketing tool to drive traffic into the restaurant. This will also reduces the jamming of phone lines and gives more time for host staff to focus on guests. There is an option in the booking process to  invite friends to join their party , bringing in more business. It also allows restaurant operators to create and send email marketing campaigns to their guests using the contact information saved in the guest book. Currently available for a two month trial, the pricing arrangement for the software is based on the number of wait listed and reservation parties a restaurant receives monthly, with unlimited parties capped at $199 per month. ...Read more

Ormeus Cash has announced a new trustless point-of-sale system (POS) through a partnership with COTI. According to the announcement, this partnership allows merchants to accept cryptocurrency as a form of payment. Ormeus Cash (OMC), an asset-backed virtual currency with a stable transactional price named as Transactional Coin, is a new breed of cryptocurrency . OMC makes Bitcoin appealing, but it doesn’t suffer from the same volatility or protracted transaction times that are making OMC more usable as a store of value, medium of exchange, and unit of account. COTI is the first blockchain protocol optimized for decentralized payments. It is designed for merchants, governments, payment dApps, and stable coin issuers. Some features about ORMEUS CASH •  Proof of Asset Mining with smart contract protocols. •  OMC is backed by the Ormeus Reserve Vault and investment of privately-owned mining operations . •  Ormeus Reserve Vault stabilizes OMC against natural marketplace volatility in the price of its coin ‘basket’. •  It allows wallet to wallet, physical debit card, and virtual mobile wallet to make transactions smooth, contractless, and easy. Officials of the Ormeus said the COTI partnership allows them to use that company’s trustless protocol as part of the POS system. The protocol uses an acyclic graph-based ledger that uses transactions built over a period of time and uses trust-based algorithms. According to the officials, the new Ormeus system eliminates fees and long transaction times and improves customer service. ...Read more

Today, the rapidly increasing number of restaurants, bars, and other service-based businesses rely completely on Point-of-Sale (POS) software to provide their customers with good service while actively encouraging the restaurant owner to obtain powerful insights and analytics in real-time from the cloud. The POS system is heart to the business operations. In this context, POS provides solutions for extremely fast service and table service environments. POS also provides a variety of integrations with leading applications in the industry to deliver its customers the tools they need for their businesses. It is considered as a workhorse where it sees every deal in every store. Recording all sales, interfacing with the supply chain , and reaching payment gates, POS is the focal point of store operations. The installation of a POS can boost restaurant profits in many ways. Restaurateurs need a POS system that can successfully manage their businesses efficiently and effectively. Although inventory management is an extremely important part of running a restaurant, it is also one of the most challenging aspects. Inventory management can take up a huge amount of time and make room for miscalculations. The best choice of POS software takes this burden and tracks inventory and sales. Orders using iPads is the innovation that most diners expect to see in a sit-down restaurant. The best POS systems accurately record complicated meal orders and create a superior dining experience for guests at sit-down restaurants. Modern POS systems keep a history of customer profiles, their purchases, and their spend. This information makes it easy to develop more personalized experience, like recommending a similar dish or wine, to make guests feel like valued VIPs. In turn, they increase the reputation of the restaurant. Retail proprietors work closely and handle many moving parts that can be hard to track. POS solutions efficiently manage all these moving parts. Retail companies have specific requirements and require a particular POS type.  Today, most customers book appointments before visiting a lounge or a beauty spa at their convenience and expect the best-class services. Modern spas and salons use online appointment software that makes easy for their customers to book online appointments all without the receptionist ringing. The POS should make the removal, editing, or adding selections easy. POS fuels businesses to create a trade that can promote durability. In return, the consumer obtains a product or service of such quality that the consumer is inclined to do business repeatedly. POS’ flexibility and usability distinguish a system from its competitors. This compels the businesses to constantly bring in innovations to the hospitality industry, leading to a large number of references and exponential growth. ...Read more