BevSpot Expands Product with Key Features to Enhance F&B Solutions

Boston, MA, Feb. 28, 2019 (GLOBE NEWSWIRE) -- BevSpot, a leading software company in the global food and beverage industry, announced today the launch of its new automated invoice management, advanced recipe building, and batching features.

The new features expand BevSpot’s offering by giving restaurant operators greater control of their end-to-end operational processes and fill key gaps between their currently established systems—specifically their Point of Sale (POS), and Accounting systems. In addition, the features are universally applicable to every F&B operation in the world and will simplify the user experience for all current and future customers.

BevSpot is an all-in-one food and beverage management software company that provides a simple but powerful solution for managing day-to-day operations including inventory, ordering and invoicing, recipe costing, and sales and loss tracking on any internet connected device anywhere in the world.

“Our mission is to empower the global food and beverage industry with beautiful, easy to use mobile technology,” said Rory Crawford, BevSpot's Co-Founder and CEO. “These new features provide restaurants with a simple but powerful solution for managing day-to-day operations including inventory, ordering and invoicing, recipe costing, and sales and loss tracking on any internet connected device anywhere in the world.”

Chidubem Ezeaka, BevSpot’s Co-Founder and Chief Product Engineer said “We knew it was critical for our customers to have the ability to seamlessly process invoices in order to maintain up-to-date inventory usage and ingredient pricing. This new invoice management feature accomplishes this by enabling a user to simply snap a photo or upload a file of invoices for automated processing. This invoicing feature in conjunction with existing inventory, recipe, and sales tracking features provides users with a comprehensive solution to manage their entire operation.”

“At BevSpot we listen very closely to our customers and dig deep to understand their challenges,” said Nichole Mace, VP of Product. “An acute pain point we identified especially for our food customers is the need to track items that go into prepared and batched recipes. Working collaboratively with our customers we developed a solution that allows our customers to create, track and report on prepared ingredients and recipes. Further, we added functionality to break down a single item into many items as part of this solution. This provides users complete control of recipe creation and plate costing, all delivered via a beautiful and intuitive user interface.”

The food and beverage industry still rely heavily on spreadsheets and clipboards. BevSpot helps industry professionals easily transition from these spreadsheets and clipboards to cloud-based software. By digitizing their inventory, invoice, recipe, and sales data, BevSpot helps users gain valuable insights to improve their bottom line.

According to Crawford, in an industry where the average restaurant runs on 6% profit margins and 59% of restaurants fail in their first three years, BevSpot customers are 10x less likely to fail and 30% go on to open up new locations each year. It’s a staggering metric that highlights both the value of data in running a successful restaurant as well as the success of operators that recognize the opportunity to adopt cloud-based solutions to improve existing operations. 

To learn more about BevSpot, see here.

About BevSpot

BevSpot builds easy-to-use online technology solutions for the global food and beverage industry. Through BevSpot’s food and beverage management software, customers can take control of their entire operation—from the bar to kitchen—on any device, all saved to the cloud. Today, BevSpot has empowered thousands of users worldwide to make data-driven decisions and grow their business.