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Lavu vs Toast POS
May 29, 2023 | Author: Sandeep Sharma
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Lavu’s iPad POS software contains business specific features that go far beyond what is expected from a standard restaurant point of sale system. A comprehensive routing and delivery system, pizza building module, bluetooth scale integration, remote accesible reports, and extensive customer managment are only a few examples of how Lavu can help you succeed. Lavu is not just for restaurants, we help a variety of businesses:
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One Platform to Power Your Restaurant Operations. Simplify your operations by combining POS, front of house, back of house, and guest-facing technology on a single platform.
Lavu and Toast POS are both popular point-of-sale (POS) systems designed for the restaurant industry, but they have notable differences. Lavu is a versatile cloud-based POS solution that offers features such as tableside ordering, menu customization, inventory management, and reporting. It provides flexibility for restaurants of various sizes and types, including quick-service, full-service, and bars. Lavu also offers integration with third-party apps and payment processors. On the other hand, Toast POS is a comprehensive platform that not only includes POS functionality but also offers features like online ordering, kitchen display systems, CRM, and loyalty programs. Toast POS is known for its user-friendly interface, robust hardware, and dedicated customer support. It is particularly popular among quick-service and fast-casual restaurants.
See also: Top 10 Restaurant software
See also: Top 10 Restaurant software
Lavu vs Toast POS in our news:
2019. Restaurant management platform Toast raised $250M
Toast, a leading restaurant management platform, has secured $250 million in funding, valuing the company at $2.7 billion. The funds raised will be used to develop innovative technology solutions that support restaurants in areas such as marketing, recruitment, and operational efficiency. Additionally, Toast aims to expand its presence beyond the United States into new territories. Toast's comprehensive product suite includes point of sale services, reporting and analytics tools, kitchen display systems, online ordering and delivery interfaces, and loyalty programs. The company also manufactures its own hardware, including handheld order pads, payment and ordering terminals, self-service kiosks, and guest displays. To further enhance its offerings, Toast collaborates with a network of approximately 100 partners, such as Grubhub, to seamlessly integrate additional services into its platform when restaurants require them.
2015. iPad POS software Lavu raised $15M
Lavu, a provider of iPad-centric point of sale systems, has successfully raised $15 million in new funding, with Aldrich Capital Partners leading the investment. Lavu offers a modern and tailored solution specifically designed for the unique requirements of restaurants, bars, nightclubs, quick-serve establishments, and other businesses in the hospitality industry. Notably, Lavu achieved profitability just two months after its inception. The company operates on a revenue model that includes a licensing fee, averaging around $1,000 per point of sale (POS) terminal, along with a recurring monthly fee based on the restaurant's size. Presently, Lavu is being utilized by over 4,000 restaurants across 86 countries, with regions like Australia, Thailand, and Singapore demonstrating particularly high adoption rates. Unlike Square, another popular POS option for restaurant owners, Lavu does not impose service provider transaction fees. This distinction is crucial, as a 2 percent transaction fee, on average, can quickly accumulate for businesses processing substantial monthly transaction volumes in the tens of thousands.
