How can a POS system increase your margins?

A POS system should do more than take orders and payments. It should pay for itself through efficiency and increased profitability for your restaurant. The answer to how you increase your margins is simple – mobile solutions that speed up service and cut down on running back and forth in the restaurant.
It should also integrate easily with a table booking system, a staff management system and an analytics tool. Thanks to these integrations, you can keep track of guest data, staff schedules and sales figures in real time.

The restaurant industry is hard to predict – but with data you can build better forecasts. You can see that a certain week last year had high bookings and high sales, and prepare better this year. You can even combine booking data with actual sales to optimise your menu and staffing.
With an analytics tool you get instant access to the most relevant figures – such as real-time sales, best-selling items and even weather data that can be linked to your sales. As a restaurant owner you have a lot going on at once, but with the right data it becomes easier to spot patterns, understand what works and make the right decisions.

Read more about Caspeco’s analytics system and the table booking and staff management systems that integrate seamlessly with Caspeco POS.

It’s simple! Start by thinking about how you can make the best use of Caspeco’s mobile devices. With a 2-in-1 terminal for ordering and payment, staff can take orders and handle payments right at the table instead of walking back and forth to the main till. It’s not only faster – it also creates a better experience for guests, since the head waiter or serving staff can stay out on the floor and talk to them.
Have you ever found that there are suddenly more guests in the restaurant or bar than you expected? With a 2-in-1 terminal you can start taking orders and payments anywhere on the premises. Opening a pop-up bar or event bar is another way to speed up operations where your guests are – whether the event bar is for short-term or long-term use. If you plan to run it for just a few months, a handheld 2-in-1 is perfect. It can be rented, which makes it ideal for pop-ups such as a coffee bar. By event bar, we mean a new point of sale set up for a specific target group within your business, e.g. a champagne bar.

Read more about Caspeco’s mobile POS, a solution for ordering and payment in one device, 2-in-1 – what we call a till in your hand.

Of course, you can move the mobile POS around. You can set up points of sale whenever and wherever you like, avoiding unnecessary trips back and forth to the till. A tablet has all the features of a traditional restaurant till, but in a portable format.

Read more about Caspeco, our mobile POS.

Mobile devices that handle both ordering and payment make it easy for staff to send orders straight to the kitchen without walking back and forth to the till. On the handheld device, staff can also add notes that the chefs can see and that are integrated into the POS system. Orders are sent directly to the right printer or to digital kitchen displays. This keeps everything organised and prevents orders from getting lost.

A good POS system can help your restaurant become more profitable. It’s not just about taking payments – it’s about running your business smarter.

• Flexible points of sale – with a mobile POS you can create points of sale anywhere in the restaurant and take payment where your guests are.
• Upselling at the table – the head waiter or serving staff can stay out on the floor and serve guests continuously.
• Real-time insights – choose a system that integrates with table booking, analytics and loyalty programmes so you can track best-selling dishes and peak periods.
• Use the whole system – don’t be afraid to make use of everything the POS system has to offer. There is often more to gain than you think.

Don’t be afraid to use everything your POS system has to offer!

Want to know more about Caspeco POS? Caspeco Analytics is perfect for following up on sales targets, sales per hour and day, weather data and your best- and worst-selling products. We’d be happy to show you how you can work more efficiently – there is often more to gain than you think.

Make sure you choose a POS system that integrates with an analytics system. That gives you access to sales figures, costs and customer purchasing behaviour. The dashboards are user-friendly, easy to understand and customisable. They help you see which dishes sell best and which deliver the highest margin – so you can adjust your menu and maximise profitability.
Integrating with an analytics tool gives you a broader perspective on your restaurant. The tool gathers data from all the systems you use – table booking, staff, sales and inventory – and gives you deeper analysis of average spend per guest, best-selling dishes and margins. You can compare against budget and previous periods, and build dashboards with the KPIs that matter most to your business.

An efficient POS system makes service faster and gives your team more time to focus on the guest experience, whatever type of restaurant you run. Better service leads to higher customer satisfaction, which in turn leads to more orders and bigger tips. With handheld POS devices for ordering and payment in one, staff can stay out on the floor and focus on taking orders and making guests feel welcome.

Fixed tip percentages are said to improve customer satisfaction because payment becomes simpler and clearer. Choose a POS provider that lets you decide how tips are displayed. On a handheld payment terminal, you can choose how different tipping options are presented: fixed tip percentages, total amount or tip amount. We offer many different fixed tipping options – the most common are 5%, 10% and 15%, but it’s up to you. Letting guests choose between fixed tip percentages has been shown to increase tips, as people often tip more when fixed percentages are offered.

A POS provider that understands how you save time and money is essential. They can help you increase your profit margin by automating the ordering and payment flow. A POS system can increase your restaurant’s profitability through integration with external systems such as table booking, QR ordering, staff management, accounting, inventory and analytics. That gives you a complete overview of your restaurant.

With all the information gathered in one place, you get better financial control and it becomes easier to develop your business.

An integration with a loyalty system helps you communicate with your customers. You can send campaigns, targeted emails and text messages. With a loyalty system, you know exactly what your customers want and what makes them come back. Retaining existing customers is the most profitable strategy of all.

Please read more about which POS system is best for restaurants.