Real-Time Restaurant Data
Know Your F&B Data.
Restaurant Analytics Software
To succeed in the F&B business, you must master your numbers at all times. Real-time data is essential. With Polaris ERP's restaurant analytics software, raw data is converted into impactful performance dashboards featuring detailed graphs and charts on food costs, revenue, inventory, purchasing, HR, and more. This enables you to monitor growth, detect inconsistencies, and make informed decisions at every step.
Instant Insights at a Glance
Get Real-Time Analytics
on Your F&B Business
Polaris ERP provides quick snapshots of your most important data within the Revenue Insights Hub. Here, you can check at a glance: branch sales performances, sales distribution by meal type or by distribution type, as well as the top selling menu items, and the lowest selling ones too.
Branch Performance Analytics
Compare Branches’ Performances & Learn What’s Working
Sales, expenses, top performing employees, top delivery aggregators, or inventory levels and purchase data are automatically reflected in the Polaris ERP dashboard.
This gives you the opportunity to compare all these data across multiple branches, see the top performing branches, and learn how you can improve performances across the least performing ones, or boost your overall revenue with results-driven actions.
Operational Insights Hub
Maximize Profitability with Strategic Data Use
Here is where you can look into multiple real-time reports that tell you how your business is performing. The Menu Performance Insights Hub drills down into each menu item’s financial returns or their popularity.
You can select the period and the branch for which you want to check this data, and the system will tell you:
- The quantity sold in the requested time frame
- The revenue each item recorded
- The cost of goods sold (COGS) against the profit margin
- The popularity and profitability of each item
Recipe Management
Recipe Information for Real-Time Food Cost Calculations
Polaris ERP consolidates menu item recipes by detailing all the ingredients required for each dish, along with their necessary quantities and costs as recorded in the latest purchase statement.
This immediate visualization highlights which ingredients are costly, enabling you to identify areas for potential adjustments. This overview also shows the wastage, both in quantity, and in costs for your business.
Waste Management
Know Your Wastage, Reduce It, Save Money
Collecting data from across inventory and food preparation, Polaris ERP gives you data about how much food is being wasted, either in inventory (based on expiration date), or in preparing dishes.
It also gives you recommendations on what you need to do to prevent the waste, and save the corresponding money value.
Inventory Management
Manage Your Inventory Master Your Costs
Inventory insights provide real-time visibility into ingredient consumption and restocking needs, aligning with the restaurant's usage patterns. They not only predict when to restock but also alert you when items need to be used to minimize waste. This proactive approach enhances operational efficiency and helps save costs.
Purchase Management
Get Data-Driven Purchasing Negotiation Power
With Polaris ERP’s real-time insights, you can take control of your purchasing strategy like never before. Equipped with accurate data on the cost of goods sold, you can negotiate confidently with suppliers. This proactive approach helps you reduce costs and boost your profit margins significantly.
Restaurant Analytics Software FAQ
Polaris ERP’s restaurant analytics software delivers real-time insights from all interconnected systems within the ERP. Specifically designed for the F&B industry, Polaris ERP integrates sales, accounting, inventory, purchasing, suppliers, HR, and marketing. Its analytical software collects data from these various systems. Because all components communicate within this ERP ecosystem, the data is not limited to individual departments but is generated in relation to one another. For example, inventory reports incorporate data from sales and recipe management to show available stocks and identify what needs replenishing, ensuring smooth operations.
Absolutely. Polaris ERP’s restaurant analytics software wit real-time insights is very easy and intuitive to use. It allows you to select any timeframe from the time your business has been connected with Polaris ERP, either by dates, weeks, months, or custom periods.
You can analyze reports from a single branch, or compare branches, in case you have multiple branches for your F&B business. This will allow you to understand your top performing branches, but also your top sellers, most popular products, or customer preferences across multiple branches, in different time periods.
Polaris ERP’s real-time insights can significantly boost revenue by gathering data from all connected systems, including sales, accounting, inventory, purchasing, and HR. This comprehensive data reveals insights such as your top-performing and most popular menu items, as well as the best days and times for sales. It can also highlight your top-performing employees, helping you further motivate upselling through rewards and recognition.
With these insights, the software offers customized recommendations to enhance your sales strategies. For instance, it can suggest marketing activities to promote specific dishes, maximize profitability during certain periods of time, or encourage upselling of underperforming menu items through your staff engagement. Additionally, it helps identify opportunities to reduce the cost of goods sold by negotiating better terms with suppliers. Overall, this data-driven approach allows you to make informed decisions that directly contribute to increasing your restaurant’s revenue.
Polaris ERP’s restaurant analytics software comes equipped with varied reports that by default can help you better understand your business, and make decisions based on accurate data, to grow your business, or boost profitability and revenue.
However, if there are specific reports that you require, the system is customizable, and we can work together to provide you with the insights that you need, anytime you need it.
Seconds.
Many of our current clients switched to Polaris ERP for this exact reason. Before using our system, they spent days generating reports from various disconnected software. Creating sales reports, financial reports, and handling inventory and HR was mostly a manual process.
With Polaris ERP, everything is connected. You simply select the company, branch, and time period you want to analyze, then hit send. You’ll generate reports in a fraction of the time it took to read this!
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