Sponsored by Loomis.
Managing cash in a quick-service restaurant is a challenge, not only in store, but also on a corporate level. Even when brands use smart safes to get cash handling under control, without the ability to manage data reported by the safes or to reconcile accounts in real time, restaurants lose productivity on cash operations. Additionally, for large chains and franchisees, keeping each store aligned with corporate offices—and vice versa—becomes even more difficult.
Yet one new industry tool is transforming the cash management landscape, helping restaurants streamline reporting and closing gaps between cash on hand and digital information: Loomis PlatformSync. Though the cash management company already provides robust reporting tools through its Loomis Direct portal, which provides near real-time insights into a store’s cash situation through its SafePoint smart safe technology, PlatformSync is a new system that helps restaurants complete the cash-data ecosystem.
[float_image image=”https://www.qsrmagazine.com/wp-content/uploads/2019/10/image003.jpg” width=”60″ link=”” caption=”” alt=”Loomis PlatformSync” align=”left” /]
“PlatformSync collects information from SafePoint safes as our restaurant customers drop money inside,” says Hassan Mirza, vice president of software engineering at Loomis. “The system then sends that information to web service customers set up so that restaurant leaders have access to that information immediately.”
This means both store-level managers and corporate offices no longer have to wait to get insights into a store’s cash levels. Not only can this can help accounting teams quickly reconcile reports and save time on the corporate level, but it also has implications for store-level operations, too.
“When we first started with PlatformSync, it operated exactly as described with more real-time cash reporting,” says Moises Gonzalez, vice president of SafePoint at Loomis. “But what we’ve learned is that the data gathered can do far more than that—it actually gives operators the ability to evaluate business behaviors at each site.”
For example, Gonzalez says PlatformSync can give restaurants information about who is using safes at what time and how they are using them. This information can help brands understand which stores—or even employees—are following company best practices for secure cash handling and which aren’t, meaning they have better tools to improve security and efficiency.
Based on those findings, Loomis’ team also helps restaurants optimize cash practices, such as finding ways to minimize cash exposure or optimizing cash pickup schedules. Additionally, Loomis is able to align PlatformSync with POS systems and customize the solution to each brand so restaurant leaders can ensure peak performance in the back-of-house and on an organizational level. This, Mizra says, helps restaurants remove the complexity of integrating two different pieces of equipment.
“We hope our customers, new and existing, understand this solution will give them full control and maximize operational efficiency for data that already exists in the system without Loomis having to house that information,” Gonzalez says. “It’s their data and we believe we have provided a very simplistic, efficient solution that will help our customers accomplish exactly what they need in the back office.”
To learn more about how PlatformSync can help your restaurant, visit the Loomis website.
By Peggy Carouthers
