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Top 10 Restaurant management and POS software
July 02, 2023 | Editor: Sandeep Sharma
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Restaurant management software is designed specifically to help users manage their food service establishment. Some platforms have functionality related to customer interactions, such as that found in a point of sale (POS) system, but more often restaurant management software focuses on behind-the-scenes processes such as restaurant employee scheduling, inventory management and accounting.
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Accept credit cards on your iPhone, Android or iPad. Send invoices free with Square Invoices. Signing up for Square is fast and free, and there are no commitments or long-term contracts like with alternative services.
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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.
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The world's first integrated mobile POS with EMV, NFC, and on-screen PIN entry. All Clover products are purpose-built for POS and feature sleek designs with brushed aluminum and white glass accents.
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iPad POS solution that helps restaurateurs make more money, deliver a great customer experience, and take the guess work out of making business decisions. TouchBistro was designed to make managing your business easier, so you can focus on why you opened your restaurant in the first place.
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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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Upserve provides a complete suite of Restaurant Management Software solutions for restaurant owners and managers who don’t want to spend their day digging through spreadsheets. Full-service restaurant POS – Breadcrumb by Upserve is easy to implement, easy for staff, with helpful reporting.
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The first wired ethernet connectivity for iPad POS systems. Manage multiple devices universally from any remote location. Save time with reports that explain your business progress and projection to you. Keep business up and running during an Internet slow-down or power outage
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NCR / Aloha, the best in class Point of Sale provider and market share leader, has the right Point of Sale hardware and software applications to meet the needs of national chain restaurants to single unit independent restaurants. NCR / Aloha POS systems are specifically designed for restaurants to improve operational efficiency, manage costs more effectively, and build sales consistently to give each NCR / Aloha POS user maximum profitability.
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Restaurant Software to Power Your Passion, Profit, and Growth. Trusted by more than 40,000 restaurants, Restaurant365's back-office software brings together your accounting, store operations, and workforce to create incredible moments that drive profit and growth.
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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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LS Retail is a world-leading developer and provider of all-in-one business management software solutions. Our high-quality, cost-effective and highly configurable software solutions help retailers, hospitality and forecourt businesses worldwide to optimize their business practices, increase revenue and satisfy old and new customers – easier, simpler and faster.
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Manage your restaurant chains and franchises from a single place. Intelligent inventory and stock management. Elevate your customer’s dining experience with eZee’s tablet menu. Third-party software and hardware integrations. Mobile App for Reports
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Point of Sale and Inventory Management for cafes, restaurants, and stores. All-in-one cloud POS system software that combines solutions for front-office, inventory, finances, analytics, CRM. Set up in 15 minutes.
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Restaurant software that perfectly fit the needs of both casual and fine-dining establishments worldwide. From a standalone POS system to an all-in-one business management system, our solutions enable restaurateurs to offer rapid, flexible and high-quality service, making table and guest management easy and pain-free and helping you build your numbers of satisfied, loyal customers.
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A complete Restaurant Management System to simplify order management, eliminate waste and jump-start profitability. Cloud-based restaurant inventory management and purchasing app focused on streamlining procurement, delivery, and restaurant accounting. Start Tracking your food cost, examine your entire purchasing history and stay on top of your inventory. Manage your catalog in the cloud. Push pricing updates, new products, and stock edits to your customers in real time.
Latest news about Restaurant management and POS software
2023. Restaurant365 gobbles up $135M to supersize its software for the food service industry
Restaurant365, a company specializing in comprehensive restaurant management software, recently secured $135 million in fresh funding. The funding will support the further development and expansion of their software, which encompasses accounting, analytics, staff and inventory management. Notably, the software does not include point of sale solutions. Currently, Restaurant365's software is employed across approximately 40,000 locations, catering to a diverse customer base that includes small businesses, franchises, chains, and accounting firms serving the restaurant industry. Unlike many other businesses serving the restaurant industry, such as Toast, Lightspeed, and Square, which faced significant challenges during the pandemic shutdown, Restaurant365 emerged as a technology company offering valuable tools to assist its customers in navigating the crisis.
2022. Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain
Suplyd, a procurement platform designed for hotels, restaurants, and catering (HoReCa) businesses in Egypt, has successfully raised $1.6 million in pre-seed funding. Suplyd's innovative B2B platform revolutionizes supply chain operations in the food service industry by facilitating digital order procurement, payment, and fulfillment processes. With Suplyd, restaurants gain access to a wide range of products on-demand, eliminating the time-consuming task of sourcing goods offline. The platform not only saves businesses valuable man-hours but also ensures competitive pricing for the acquired goods, optimizing cost efficiency within the industry.
2022. MarginEdge lands $45M to give restaurants real-time spend data
The restaurant management software market is poised to reach a staggering $14.7 billion by 2030, fueling the development of innovative solutions that aim to support the growth of restaurants. Several startups have emerged in this space, backed by significant venture capital investments. Notable players include OneOrder, TouchBistro, PreciTaste, ConverseNow, Fudo, Owner.com, and even Chipotle, which is allocating its own funds towards new restaurant technologies. Joining the ranks is MarginEdge, a leading restaurant management and bill payment platform that recently secured $45 million in Series C funding. MarginEdge offers a comprehensive suite of services, including invoice processing, inventory management, recipe analysis, budgeting, performance tracking, and supplier bill payment capabilities. With a growing customer base of 4,000 establishments and processing a remarkable 80,000 invoices per week, MarginEdge continues to revolutionize the way restaurants streamline their operations and optimize financial processes.
2022. OneOrder raises $3M to automate restaurant supply chains
Egypt's leading supply chain solutions provider for restaurants, OneOrder, has successfully raised $3 million in seed funding. OneOrder offers an innovative online platform that enables restaurants to streamline their food supply ordering process. By addressing the challenges posed by fragmented supply chains, such as fluctuating prices, waste, quality issues, and storage costs, OneOrder revolutionizes the way restaurants manage their procurement. With OneOrder's platform, restaurants can consolidate their suppliers and order precisely what they need for efficient next-day delivery, eliminating the need for excessive warehousing. This approach not only reduces wastage but also enhances operational efficiency, allowing restaurants to benefit from OneOrder's economies of scale and ultimately save money. OneOrder is empowering restaurants in Egypt to optimize their supply chains and improve their overall business performance.
2022. TouchBistro bakes CAD$150M into restaurant management tech recipe
TouchBistro, a restaurant management platform built for iPads, has recently secured CAD$150 million in funding. TouchBistro offers a comprehensive suite of tools that seamlessly integrate marketing and customer relationship management functionalities. With over 64,000 deployed terminals, TouchBistro enables automated online ordering, efficient menu and delivery management, contactless payments, as well as marketing and customer engagement capabilities. In 2020, the company acquired TableUp, a strategic move that laid the groundwork for its guest engagement, loyalty, and marketing tools. During a period when in-person dining was limited, TouchBistro provided its customers with complimentary online ordering services to support their operations.
2022. SaaS platform klikit saves restaurant kitchens from ‘tablet hell’
The availability of numerous delivery services offers customers a wide range of options, but it creates chaos for busy restaurants that must handle orders from multiple apps and channels. In order to manage this challenge, many kitchens find themselves juggling multiple devices, each dedicated to a specific app. However, Klikit aims to rescue Southeast Asian food businesses from the overwhelming situation known as "tablet hell" by consolidating order information from all apps into a single platform. This Singapore-based startup has recently emerged from stealth mode after securing $2 million in pre-seed funding.
2022. Nigerian restaurant management platform Orda gets $1.1M
Nigeria's Orda, previously known as StarKitchens, has recently secured a pre-seed funding round of $1.1 million. Orda focuses on serving a specific segment of Africa's restaurant industry. By offering a cloud-based software solution, Orda aims to eliminate the reliance on manual management methods for these businesses. Moreover, restaurants utilizing this management platform gain access to a comprehensive dashboard, enabling them to efficiently process and accept orders from various food delivery services such as Jumia Food, Glovo, Bolt Food, as well as in-store, website, and social media channels like WhatsApp.
2022. Parrot, a tool for digitizing Mexico’s restaurants, takes in $9.5M
Parrot, a company that operates ParrotConnect, its restaurant point-of-sale software, which enables restaurants to embrace the home delivery boom and accelerate growth, has secured $9.5M in funding. The company has collaborated with over 60 partners on the product and currently serves more than 500 restaurants in Monterrey, Mexico City, and the Riviera Maya through ParrotConnect. Parrot is among the latest companies to raise capital in support of the restaurant industry's adaptation to the digital era. Other players in this space include Zak, a point-of-sale technology provider, Sunday, a payment system, and MarginEdge, a restaurant management software company.
2021. MarginEdge, a restaurant management software company, raises $18M
Restaurant management app MarginEdge has secured $18 million in Series B funding to provide restaurant operators with a live overview of their costs. MarginEdge's solution integrates with a business's point of sale system to simplify inventory management, cost tracking, ordering, and recipe management, thereby eliminating the need for paperwork. Additionally, it efficiently converts invoices, receipts, and bills into itemized details within 24 hours. The app is specifically tailored for independent restaurant owners who operate fewer than 50 units.
2021. Slice raises $40M to power ordering and marketing for independent pizzerias
Slice, a startup dedicated to assisting independent pizzerias in establishing an online presence, has secured an additional $40 million in Series D funding. Slice offers a mobile app and website that enable customers to conveniently order from local pizzerias. Furthermore, the company provides a range of tools to help these establishments develop their own websites, execute marketing campaigns, enhance search engine optimization, and more. Notably, Slice employs a fixed fee model, charging pizzerias a flat rate of $2.25 per order. In a customer-friendly move, the platform eliminated the fee for orders under $10 last autumn.
2021. Sunday raises $24M to build a fast restaurant checkout flow
Sunday, a promising startup founded by the creators of the renowned Italian restaurant chain Big Mamma, has successfully raised $24 million in seed funding. Sunday offers a seamless integration with cash register systems, supporting a wide range of providers such as Oracle Micros, Brinks, Tiller, Zelty, Revo, and CashPad. Through Sunday's innovative solution, customers have the convenience of scanning a QR code, accessing their bill, and making direct payments from their mobile phones. With Sunday, customers can independently settle their payments, allowing them to simply stand up and leave after their meal. Following the implementation of Sunday in Big Mamma restaurants, the company observed encouraging results. An impressive 80% of customers opted to pay using the QR code, leading to an average time savings of 15 minutes per transaction and significantly improving table turnover rates. This key aspect highlights Sunday's value proposition—offering a new payment system that not only enhances the dining experience but also increases revenue. Restaurants, particularly popular establishments constantly seeking available tables, stand to benefit greatly from adopting Sunday's innovative solution.
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.
2020. Lunchbox raises $20M to help restaurants build their own ordering experience
Lunchbox, the innovative startup empowering restaurants to develop customized ordering experiences on their own websites and applications, has secured $20 million in Series A funding. By utilizing Lunchbox, restaurants can embrace new business models, such as delivery via cloud kitchens. The company has also ventured into autonomous delivery trials through collaborations with Sodexo and Kiwibot. Notably, Lunchbox has recently joined forces with sbe to establish a "virtual food hall" concept, enabling diners to conveniently combine food orders from various restaurants into a single transaction. With the pandemic heavily impacting the restaurant industry and prompting a reliance on delivery and takeout services, there has been significant discourse surrounding the feasibility of sustaining businesses while burdened with substantial fees imposed by delivery platforms like Uber Eats and Grubhub. This is where Lunchbox can offer valuable assistance.
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.
