What To Know About Compeat Restaurant Management Software

What Is Compeat?

Over 20 years of experience in the restaurant industry, Compeat offers a suite of solutions designed to maximize profitability and control prime cost for restaurants, wineries and cafes of all sizes. From accounting, managing inventory, creating workforce efficiencies, and onboarding new employeesCompeat helps one run a more organized, productive, and successful restaurant.

It is well-known for contributing to the creation of feature-rich restaurant back office, workforce and business intelligence software. Restaurant management platform Restaurant365 acquired Compeat last year. The combined business is now led by Restaurant365 CEO, Tony Smith and serves over 28,000 restaurants. Compeat's all-encompassing accounting, inventory, scheduling, payroll and HR solution simplifies day-to-day management for restaurant operators by enabling them to control food costs and optimize labor costs.

Restaurant365's integrations and open APIs enable it to connect with other systems including Point of Sale (POS) providers, vendors and banks. The result is accurate, timely reporting that provides a clear and complete view of one's businesses.

Both companies provide similar solutions aimed at simplifying day-to-day operations. Customers often see a 2-5% reduction in food and labor costs by administering their accounting, payroll, operations and purchasing in one unified platform. Equally important, the time savings allows restaurant operators to focus on providing their guests an exceptional dining experience. Services are offered on a monthly subscription basis that includes support via phone and email.

What is restaurant management software?

Since the food and beverage industry is constantly evolving, practices that were acceptable a few years ago are phasing out in favor of faster and more efficient methods of operation. One area that has seen the maximum evolution is restaurant management software.

Best Restaurant management software helps restaurant owners and managers run a restaurant end to end. These tools are used by restaurant employees to keep track of inventory, payroll, orders, and analytics. Managers and owners can use these tools to compare business practices at multiple locations, ease the onboarding process for new employees, and track employee effectiveness. These tools provide a wide range of features for either niche restaurant types or restaurants as a whole.

There is crossover between restaurant management software and point of sale (POS) systems. However, while restaurant management tools include POS features, they also include a variety of other features to help run a restaurant.

To qualify for inclusion in the Restaurant Management category, a product must-

• Provide at least four of the following features- inventory management, Restaurant Pos, employee management, accounting, order management, reservations, or payroll.
  
  
• Help run both the front and back of house while providing back-office support.
  
• Be designed specifically for restaurants or the foodservice industry.
  

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How Does Compeat Restaurant Management Software Work?

Compeat has hassle-free features. This is how the software works-

1. POS features
The POS features of Compeat Restaurant Management software are enviable-

• It automatically calculates and generates bills.
  
• It automatically calculates taxes in the bill.
  
• A customer can split a bill when needed.
  
• The system accepts different payment methods.
  

• Your waiters can accept orders using any device like a smartphone or tablet.
  
• As soon as the waiter confirms the order placed at the table, it immediately appears on the kitchen's display. It also gets automatically printed if you want.
  
• The order also appears on the device at your cash register. You can print out the bill.
  
• You can mark food orders according to their status; cooking', ready', served', or paid'.
  

• You can make a map of your table layout in your software.
  
• You can highlight a table (eg. in yellow color) when it is waiting for food.
  
• Your waiter can take the order directly by clicking on the table number on the software.
  

• Get daily, weekly, and monthly sales reports.
  
• Get detailed information about the date, payment method, etc.
  
• Figure out which menu items are best-selling.
  

• The system automatically assigns a waiter to a table when taking the order.
  
• You can assign different roles for your staff members in the software. The staff members will have limited access to software depending on the role.
  
• Find out how much revenue each waiter has generated for your restaurant.
  

What Is Beneficial About Compeat Restaurant Management Software?

Compeat POS software offers an answer that assists restaurants in handling their accounting and inventory needs. Through this, the food business's financial records are kept up-to-date, and therefore the inventory well-stocked.

Furthermore, Compeat also provides standalone applications to cater to specific needs. If a restaurant only requires the addition of a workforce management tool, they can acquire that and integrate it with their existing Compeat system.

There are countless benefits to using Compeat. It is excellent for large operations with high volume sales.
Pros-

1. Makes recipe costs easy to analyze and track
2. Efficient menu engineering.
3. Purchasing and purchase order creation.
4. The entire system is very user-friendly.
5. Its product portfolio also include-

• Accounting
  
• Inventory
  
• Recipes
  
• Prep and Ordering
  
• Data Analytics
  
• Labor Management
  
• Compliance
  
• Schedule,
  
• Logbook
  
• Manager
  
• Employee Mobile Apps
  
• Third-party integrations including over 85 Point of Sale partners.
  

Any Flaws With Compeat Restaurant Management Software?

Compeat Restaurant Management Software is a comprehensive solution for managing the business of your restaurant. The trickiest, as per reviews, is to set it up initially with all the other regular software products already running in a system. It is, however, considered an easy restaurant software to work with and manage.

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Main Things To Know About Compeat Restaurant Management Software

Compeat Restaurant Management offers a single sign-on solution that integrates Compeat's accounting, inventory, logbook, labor, and scheduling solutions into one easy-to-use system. One of Compeat's most popular features is its ability to integrate seamlessly with technology provided by third-party service providers, such as mobile and cloud applications. Moreover, Toast Pos has also partnered with Compeat in order to give restaurateurs powerful business insights and help make their restaurants run smoother.


The key features are-

• Streamlined Finances- Through Compeat Accounting, restaurants are often sure their finances remain within the black.
  

• Complete Inventory- Inventory keeping has never been easier with Compete. This function is integrated with Accounting, thus restaurants can effortlessly reconcile their orders with their bookkeeping.
  

• Labor, Payroll, and Workforce Organization- Compeat's labor tool gathers all employee data in one accessible interface in order that auditors, managers, and owners can pull them up with no difficulty.
  

• Simplified Talent Management- Restaurants can cast their net wider when trying to find great potential employees with Compeat Hire.
  

• Intelligent Dashboard- All the knowledge needed or wanted in one place, anytime and anywhere. Compeat Intelligence is a customizable dashboard that displays overviews of different aspects of the restaurant's operation.
  

Conclusion

Compeat, a restaurant management software that was acquired by Restaurant365 in 2021, is all about driving results. With efficient programming, Compeat consistently cut food and labor costs by an average of 5% after being implemented in a system. Compeat Restaurant Management Software provides one vendor, one contact, for a full suite of restaurant management software.

Compeat's in-house solutions are within reach when a restaurant feels the necessity to feature them in their system. In addition, they do not need to run separatelyrather, they're all accessible and can run from one user-friendly interface.

More than regularizing daily activities, Compeat takes one deep-dive into customer insights and guides through decision-making. The restaurant management software provides increased control and visibility over all domains. One can get all the information in real-time. Compeat Restaurant Management Software also has an excellent restaurant POS software that has drastically improved the time spent behind billing and other formalities. Overall, it's a one-in-all solution that is ideal for managing restaurants.

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