Even with the highest quality cuisine and most talented chefs, a restaurant can suffer greatly as a result of poor budgeting and financial mismanagement. Fobesoft was created as a user-friendly SaaS software platform for computer and mobile devices that is designed to help manage a restaurant’s P&L statement in real time, while also providing instant actionable feedback to enable management to take corrective action.
Currently, most independent restaurants don’t receive profit
and loss numbers until mid-month or later (if at all), which can create
challenges for accurate budgeting and financial forecasting. No simple,
user-friendly software platform currently exists to provide a transparent
overview of a restaurant’s daily expenses compared to anticipated budgets.
Fobesoft includes a detailed budget model that allows owners
to establish financial goals for the next five years. The software will show a real time Daily
Sales Report (DSR) that analyzes daily sales and expense data, allowing
managers and owners to make any necessary adjustments in a much shorter time
frame rather than waiting for the end of a month, quarter, or year. This will
allow restaurant operators and managers to streamline business operations and
improve profitability. In addition, the
software has the capability to “roll up” data from multiple locations in order
to get a higher level view of multi-unit operating performance.
The Company’s founders have extensive experience in the
restaurant industry, having opened and operated a number of successful
restaurant operations. In addition, the
team has extensive experience in software and IT development having worked in
this field for a number of larger multi-national corporations. This unique combination of software
development and industry experience uniquely positions the team to deliver an
extremely useful, user-friendly tool that has already been extremely
well-received by initial test users.
Software Development CompleteAugust, 2015