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Lightspeed vs Toast POS
June 26, 2023 | Author: Sandeep Sharma
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Lightspeed is the leading provider of cloud-based POS software. Our customers typically see a 20% growth in sales after their first year. Now is the time to join the growing list of independent businesses that choose Lightspeed POS to handle their everyday needs. Lightspeed Restaurant allows you to create your menu in seconds, update your floor plan directly in the system, impress customers with photos of items and allow your staff to focus on creating a unique restaurant experience.
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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.
Lightspeed and Toast POS are two popular point-of-sale (POS) systems with distinct features. Lightspeed is known for its robust retail management system, offering comprehensive inventory management, sales analytics, customer relationship management, and e-commerce capabilities. It caters to businesses in the retail and hospitality industries, providing an all-in-one solution to streamline operations. On the other hand, Toast POS is specifically designed for the restaurant industry, offering features like menu management, tableside ordering, kitchen display systems, and online ordering. It focuses on enhancing the efficiency of restaurant operations and providing a seamless dining experience. While both platforms offer POS functionality, Lightspeed has a broader scope and caters to various industries, while Toast POS specializes in the unique needs of the restaurant industry.
See also: Top 10 Retail software
See also: Top 10 Retail software
Lightspeed vs Toast POS in our news:
2021. Lightspeed buys Ecwid for $500M
Lightspeed is continuing its acquisition streak by adding two more companies to its portfolio. The Canadian point-of-sale software provider has acquired the e-commerce platform Ecwid for $500 million and NuOrder, a B2B ordering platform catering to wholesalers, brands, and retailers, for $425 million. Ecwid has established itself over the years as a prominent partner of Facebook, assisting small businesses in creating commerce experiences on the social media platform. It has expanded its services to support merchants using platforms such as Square, Wix, Instagram, and Google, sometimes in competition with, but also potentially integrating with, other e-commerce backends like Shopify.
2020. Lightspeed acquires restaurant software company Upserve for $430M
Lightspeed has recently made an announcement regarding its acquisition of Upserve, a move that expands Lightspeed's footprint in the restaurant industry. With its existing cloud-based point-of-sale software catering to various businesses, this acquisition further strengthens Lightspeed's position in the market. Upserve, founded in 2009, initially focused on encouraging users to share their purchase information with friends as part of a group of startups. Over time, it transitioned its offerings towards providing business tools encompassing payments, marketing, and loyalty, eventually rebranding as Upserve to emphasize its dedication to serving the restaurant market. The integration of Upserve aligns with Lightspeed's strategic vision of delivering an advanced commerce platform to high-performing businesses worldwide.
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.
