Two companies are combining complementary products for the food service industry.
Buyer’s Edge PlatformA digital procurement platform for the industry, Restaurant Accounting Service Co., Ltd. (RASI) is a provider of accounting, payroll and financial software for the industry, the companies said Thursday. press release.
According to a press release, the acquisition adds RSI’s offerings to the Buyers Edge Platform’s Software as a Service (SaaS) offering, which includes solutions for ordering, accounting, payroll, and food cost management.
“Traditionally, restaurant software was siled to perform only one specific function, so restaurants were not efficiently connected and were left with systems that were not really built with foodservice operations in mind. We have been forced to fragment our tech stack by using it,” said the CEO of Buyer’s Edge Platform. John Davey mentioned in the release. “RASI Software completes a key component of the Buyer’s Edge Back Office that has been in development for many years.”
According to the press release, RSI’s software and Buyer’s Edge platform services will be packaged together, further enhancing the Buyer’s Edge platform’s ability to digitize traditionally manual restaurant operations processes.
With the addition of RASI to its Buyers Edge platform, the company now offers accounts payable (AP), automation, inventory management, recipe costing, accounting and payroll solutions to independent, multi-location, franchise and enterprise restaurant groups. is offered to
RASI’s CEO said: “This will provide his existing RASI clients with end-to-end cutting-edge technology, industry expertise in procurement, financial and operational management tools and services – all of which will enable clients to be proactive in their revenue-generating activities. I am dedicated to helping you focus.” Matt Vanini mentioned in the release. “As a fourth-generation restaurateur, we believe in providing the best value and savings for our customers.”
A PYMNTS study found that restaurant-provided apps and websites have replaced third-party food aggregators that dominated digital ordering and fulfillment. restaurant space.
Only 8% of consumers used aggregators for at least half of their restaurant purchases in September, according to the report.The Digital Divide in Restaurants in 2022: Restaurant Apps and Websites in the Spotlight”
How Consumers Pay Online Using Stored Credentials
While some consumers are turning to storing their payment credentials with merchants for convenience, security concerns keep others hesitant. In “How We Pay Digitally: Stored Credentials Edition,” in collaboration with Amazon Web Services, PYMNTS surveyed her 2,102 US consumers to analyze consumer dilemmas and how merchants overcome holdouts clarified.
