Compeat Restaurant Management Systems is a leading provider of restaurant

Transcription

1 Compeat Restaurant Management Systems is a leading provider of restaurant management and accounting systems. Founded in 2000, Compeat has hundreds of customers and thousands of restaurant installations ranging in size from high-volume independent operators to large restaurant chains. One restaurant solution does not typically fit the needs of all restaurant operators. Quick and limited service restaurant operators have different needs than full service operators. Large chains have different requirements than smaller chains or independent operators. Compeat therefore offers two web-enabled restaurant management product suites: Advantage and Enterprise. Software You Can Count On Inventory Time and Attendance Food Cost Analysis Labor Scheduling Cash and Sales Management Accounting and Payroll Forecasting and Projection POS Interface 91% of Compeat customers report significant benefits, including reduced labor requirements, better control, more timely information and much improved insight. info@compeat.com (512)

2 Compeat Advantage provides an end-to-end back office management and accounting solution with add-on options for Mobile, Commissary and Payroll. Advantage provides total control and perfect audit from your restaurant operations through your home office finances. Due to a back office and accounting system that share one common database, all information, from Point of Sale to General Ledger or Vendor Order to Accounts Payable, is always seamlessly integrated. All of your operational and financial information is always available and always in balance. Inventory Control Ordering & Receiving Physical Counts Transfers Extensions Actual Usage Supplier Integration Mobile Device Option Integrated Document Imaging Workforce Time Clock Interface Employee Master File Wage Calculation Overtime & Minor Laws Labor Scheduling Labor Variances Employee & Manager Portal Daily Sales Reports POS Interface Cash Management Revenue Reporting Labor Cost Reporting G/L Integration Sales Journal Detailed Auditing Food Cost Analysis Prep Recipes Menu Recipes Production Menu Item Sales Theoretical Cost Theoretical Usage Variance Reporting Centrally Hosted Microsoft SQL Server Database Web-Enabled Platform Microsoft.NET Accounting Accounts Payable Accounts Receivable General Ledger Detailed Registers Flexible Periods Budgeting/Comparatives Custom Financial Reports excellent Financial Functions Add-on Options Payroll Mobile Commissary Employee onboarding (coming soon) Mature Product. Solid Technology. Proven Experience. Compeat c info@compeat.com (512)

3 Compeat Enterprise is a comprehensive back office and labor management system designed for larger restaurant chains. Powerful configuration tools make Enterprise easy for your restaurant managers to operate while ensuring all of your corporate operational requirements are met. Enterprise includes real-time key performance indicators and alerts that keep your team both in and above the store aware and ready to act on important issues. By combining state-of-theart technology with Internet efficiency, the deployment, system integration and ongoing support of Compeat Enterprise is greatly simplified. Inventory Ordering & Receiving Physical Counts Transfers Extensions Actual Usage Vendor Integration Mobile Device Option Cash & Sales POS Interface Sales Reporting Cost Reporting Cash Reconciliation Shift Reconciliation Custom Operating Reports Sales Journal G/L Integration Food Cost Prep Recipes Production Schedules Menu Recipes Menu Item Sales Waste Tracking Theoretical Cost Theoretical Usage Variance Analysis Guidance Key Performance Monitors Key Performance Alerts Internal Messaging Centrally Hosted Microsoft SQL Server Database Microsoft Silverlight Cross-Browser Web Client Configuration Customizable Menus Automated Workflows Multi-Currency/Lingual Forecasting Forecast Future Business Utilize Preset Algorithms User-Defined Algorithms Actual versus Forecast Utilize Forecasts for: - Prep Planning - Labor Scheduling - Production Ordering Dashboard Configurable Features Customizable Menu Functions Key Performance Indicators KPI Graphic Components Task Management Calendars Captain s Log (Daily Log) Internal Messaging Workforce Time Clock Interface Employee Master File Wage Calculation Overtime & Minor Laws Labor Scheduling Labor Variances Employee & Manager Portal New Product. New Technology. Proven Experience. Compeatc info@compeat.com (512)

4 Who Counts On Compeat c Compeat is a leading provider of Restaurant Management Software. Established in 2000, Compeat has hundreds of customers and thousands of restaurant installations. Compeat customers range from high-volume independent operators to very large restaurant chains and their franchisees. In a recent survey, 90% of Compeat s customers reported reduced costs, decreased labor requirements, and improved operating efficiencies. Here are a few of their experiences, in their own words: We re able to gain control and improve efficiency in how we order, transfer and track our products. Our managers are now also able to directly compare theoretical inventory quantities to actual and identify exactly where variances are occurring. - - Andrew Gross, President & CEO We selected Compeat due to its robust functionality and added control features. With Compeat, we ve been able to achieve great advancements and efficiencies in our restaurant back office management and couldn t be more pleased. - - Ron DiNella, CEO Compeat has become very important in our day-to-day operational tasks. I especially like how all information is in real-time and in one common database so managers are able to see and react to any issues immediately. - - John Watson, IT Director We find the portioning feature advantageous because it gives us the most accurate and upto-date valuation of our most valuable inventory category. Compeat is vital toward positively impacting our bottom line. - - Brad Ritz, Corporate Purchasing Kona Grill recognized an average 1.5% reduction in cost of goods sold per store resulting in an overall gain in profits of $15,833 per store and over $300,000 for the chain! Compeat is now part of our recipe for success! - - Mark Robinow, CEO Thanks to Compeat, we are extremely efficient at running our restaurants at the corporate level, so we re able to do more at a lower cost. We ve enjoyed phenomenal results from the software in terms of reducing food costs, improving reporting, and increasing profits. - - Chris Rodrigue, CEO In a recent survey, Compeat s customers reported an average combined food and beverage cost savings of 5%! Compeatc info@compeat.com (512)

5 from the Compeat Correspondence Desk Compeat.com Why Choose Compeat AUSTIN TX Compeat is growing rapidly. in 2011, Compeat's revenue increased by more than 40% over investment you ve already made, Compeat does not require our customers to utilize our hosting services. Compeat software has been installed in almost 600 new restaurants in the last two years alone. Why are so many restaurant operators choosing Compeat over other restaurant management systems? Integrated Back Office and Accounting Compeat Advantage handles both back office and accounting in one seamlessly integrated solution. All operational and financial information is stored in one common database and is therefore always up-to-date and always in balance. Our customers can drill down from a line item in their Profit & Loss Statement all the way to the transactional detail at the restaurant. Audits are fast and easy and information does not have to be imported from one system to another. More Comprehensive Product Offering Compeat is the only back office restaurant provider with solutions for: 1) Inventory Control 2) Food Cost Analysis 3) Workforce Management 4) Commissary 5) Accounting, and 6) Payroll Our competitors only have pieces and parts of this comprehensive offering, which results in restaurant personnel having to learn to use multiple systems. Purchasing systems from multiple vendors almost always results in higher costs. In addition, system integration is compromised by using multiple systems which results in redundant data entry or less comprehensive reporting. Superior Software Licensing Terms Compeat is unique in our industry because we allow our customers to own their software license. There are two paths to ownership: One Time License up-front purchase or On-Demand License purchase over a period of time Unlike our competitors, Compeat does not require you to pay into perpetuity for our software. Compeat licensing is therefore less expensive and the longer Compeat software is used, the more money is saved. Flexible Hosting Terms Compeat is unique in our industry because we allow you to utilize our software hosting datacenter or to host our software yourself using your own datacenter. Whether your motivation is security, privacy, or simply leveraging an Friendly Contract Most back office software providers require a long term contract (typically three years) that prohibits cancellation or includes stiff cancellation penalties. Compeat, however, allows our customers to cancel their contract at any time with just 30 days advanced notice. The reason we do this is simply because we consistently satisfy our customers. In a recent survey, over 90% of Compeat s customers reported significant benefits such as reduced costs, decreased labor requirements, and improved operating efficiency. Outstanding Customer Satisfaction Compeat customers consistently rave about our products and services. As a result, we have been able to amass a great number of customer testimonials, case studies, and white papers that detail our customer success stories in their own words. Visit Compeat.com to hear what they have to say.

6 Compeat Restaurant Management Systems, a leading provider of restaurant management and accounting software, surveyed their entire customer base to discover where their customers have benefited as a result of implementing Compeat. Nine key areas of possible benefit were identified and customers were asked to rate their experience. Over 90% of the respondents reported significant benefits in multiple areas related to reduction in food and beverage costs, reduction in labor requirements, and gains in operating efficiency. gained in both the restaurants and at the corporate office. With Compeat we have been able to achieve great advancements and efficiencies in our restaurant back office management and we could not be more pleased, said Ron DiNella, Senior Vice President and CFO of Morton s. Reducing Food & Beverage Costs with Compeat The majority (almost 60%) of Compeat s customers reported reduced food and beverage costs. The average reported combined food and beverage cost savings was a whopping 5% (food = 2.68% and beverage = 2.34%). For a restaurant averaging $1 million per year in revenue, this equates to $50,000 annually. We expected to lower our food costs, but didn t know they would go so much lower, or how quickly that would occur. Compeat is the tool that made it possible, said Jeremy DeBlieux, Director of New Business Operations for Acme Oyster House in New Orleans. Kona Grill implemented Compeat in their 19 stores in 2008 and has seen a remarkable improvement in their bottom line. They have recognized an average 1.5% reduction in cost of goods sold per store resulting in an overall gain in profits of $15,833 per store and over $300,000 annually for the chain! Other customers who have greatly reduced their costs are: Crabby Bill s Seafood - 6% in food costs and 2% in beverage costs, Ivar s Seafood - 5% in food costs, New Orleans Hamburger and Seafood Company - 3% reduction in food and beverage costs, and Turner Food and Spirits - 2% in food costs and 3% in beverage costs. Kaizen Management LLC also reported an 8% reduction in food costs and a 7% reduction in beverage costs after implementing Compeat in Blue Shore Grill. Increase Labor Efficiencies with Compeat Labor reductions are not always recognized with a system like Compeat. This is because the added level of control that is made possible by Compeat can result in added work if these control processes were not previously in place. However, over 49% of the respondents reported improved labor efficiencies from Compeat. Over 74% of the respondents saw a decrease in the requirement for spreadsheets, 49% saw reduced company office administration needs, and over 38% reported reduced time requirements for their store managers. Morton s Restaurant Group, Inc. streamlined their inventory management & accounting. Compeat software allowed Morton s to condense their 76 different inventories into one simplified master inventory. The result was Labor efficiencies Southernmost Restaurant Group, owner of four signature restaurants in the Key West area, report that by having an integrated back office and accounting system, they are able to eliminate a huge amount of administrative work and one full time employee. It would take an entire accounting period to close the books prior to Compeat, reported Theresa Rothaus, Director of Operations at Southernmost. Compeat has also resulted in increased job satisfaction as well as an increase in customer satisfaction since the managers now have more time to focus on the front of the house. Taste Bud s Management, owner of ten Zea Restaurants and one Semolina Restaurant, reported significant labor savings. Chris Rodrigue, Taste Bud s CEO states, We run profit after cost of sales and labor 4% to 5% better than Darden, Cheesecake, Brinker and PF Chang s primarily due to Compeat. According to Rodrigue, Compeat has continued

7 (continued) enabled Taste Buds to double in size and only increase their accounting department by one employee as well as eliminate the Unit Controller position in all restaurants. Increased Efficiency in Operations Increased Efficiency as a result of implementing Compeat was the leading area for positive response. An amazing 83.6% of respondents reported better insight into their operations. Over 81% reported increased timeliness of information. Over 76% reported an increase in the availability of key information to all stakeholders and 83% reported better collection and unification of their Point of Sale, Back Office, and Accounting information. The Wedge Corp, owner of 7 Rock Wood Fired Pizza and Spirits, outlined one of their gains in efficiency. Compeat s excellent Financial Functions are a big factor in getting information into our restaurant managers hands in a way that allows timely & intelligent decision making, reported Eric Edenholm, outside Consulting CPA for The Wedge Corporation. Compilation of Compeat Benefits Survey Responses Questions % Agree % Disagree % Neutral Average % Reduced Food Cost % Reduced Beverage Cost % Reduced Admin. Labor Requirement Reduced Manager Office Time Reduced Use of Spreadsheets Better Insight to Operations Increased Timeliness of Information Increased Availability of Information Better Unify POS/BOS/ACCT Info To learn more about Compeat, or to find out if Compeat is a good fit for your organization, please contact a sales representative Technology Blvd. Ste. 930D Austin, Texas (512) info@compeat.com Sunshine Restaurant Corp., operator of 5 Buffalo Wild Wings franchise locations, reported significant gains in efficiency. We were able to gain control and improve efficiency in how we order, transfer, and track our products, says Andrew Gross, President and CEO. Compeat has really helped us tighten our operations and prepare for growth. Conclusion Out of nine identified areas of benefit, Compeat Customers report benefiting in 6.6 of these areas on average. The majority of these customers have also reduced their food/beverage costs, decreased their labor requirements, and increased operational efficiency. It appears that most Compeat customers would agree with Tim McEnery, President & Owner of Cooper s Hawk Winery and Restaurant, I have no doubt that the solution has paid for itself five times over.