By Food and Beverages | Tuesday, January 15, 2019
Technology has transformed several sectors today including the retail industry. Even a startup retail company needs a strategy that involves the use of technologies like AI or IoT. The advancements of technology have boosted competition among retail companies. In order to survive in the competitive technological world, businesses have to adapt to the current trends including POS connectivity.
Omnivore Technologies offers a cloud-based platform that helps the restaurant brands to promote a digitized way using POS to the guests visiting a particular restaurant. Omnivore Technologies offers the POS systems to the restaurant visitors in order to quickly and conveniently make payments. Along with POS systems, the company also offers end-to-end solutions to improve the digital experience, online ordering, pay at the table option, and third-party delivery using digital menu. The enlisted solutions help restaurant POS to leverage data and improve operational efficiency and future agility. Omnivore Technologies is the single connection to POS solution starting from order to payment. The company’s API enhances digital restaurant apps through POS connection to gain access toward POS market easily.
Recently, an announcement was made by Omnivore Technologies about the company raising funds amounting to $10 million in Series A after investments from companies like Coca-Cola, Performance Food Group (PFG) and Jeff Vinik. PFG remains as one of the highest contributors during investments and helps the company to involve in the customer base. Performance Food Group distributes around 150,000 food products to variant customers at diverse locations including schools and offices. The funds by these top contributors help to accelerate the growth of Omnivore Technologies’ products. As a result, it minimizes conflicts between other restaurant brands, third-party technology, and POS companies.
Mike Wior, Omnivore Technologies’ CEO, says, "We clearly understand that the growth in the restaurant and hospitality industry is pinned to consumer and staff expectations of technology and how they use it, very similar to what happened with the travel, lodging, and retail industries.” The menu management system of Omnivore Technologies benefits the restaurant operators. In order to manage dozens of the digital menu, the number of clients visiting the technology providers too will increase.