Restaurant finances just got easier.
As restaurant owners and operators, we know that time is money, and operating a Small Business has never been harder. Although it may feel like technology passes over small business owners, artificial intelligence (AI) is emerging as a powerful tool that's capable of helping operators get time back in their day while saving money. From catching billing errors, finding new vendors, to filling out tedious legal and tax paperwork, restaurants can streamline operations and make decisions that increase profitability. Here are some easy ways to use tools like Palm to save money on recurring costs, and get rid of paper processes.
AI assistants like Palm can identify increases in expenses that you may not catch. Combing through every expense to understand to catch irregularities and errors to help you save money. Palm will proactively alert you you when an expense has increased by more than 10%, saving $1000s of dollars a year and giving you the feeling of safety that someone has your back. Simply connect your Bank Account with Palm to start analyzing your expenses, patterns and trends so you can stay on top of your expenses.
Busy seasons like the holidays mean restaurant owners are spending less time double-checking bills so expenses tend to increase when no one is watching.
There are so many tools we as restaurant operators use in our every day. From payroll to reservations to accounting and point-of-sale, the list goes on and on. It can be easy to "set it and forget" when adding new technology subscriptions, often forgetting to cancel previous subscriptions. Tools like Palm are the perfect answer to canceling those subscriptions to make sure you aren't paying for things you don't need.
Matt of Max's Eatery says "Palm helped us identify that we were paying for a Payroll system we thought we had cancelled. This helped us save more than $3,000.00 in one year a lone"
Ever forget to make that rent payment? Or those upcoming taxes? AI is perfect to capture those patterns in your spending to make sure you are never late again. Palm will alert you with key upcoming dates to make sure you aren't late again!
Ever spend hours finding that Lease during renewal? How about your license for annual renewal? Restaurants are inundated with paper copies of everything and prone to adding it to the pile usually attached to the walk-in cooler for scanning in the future. AI tools like Palm help you store and access all of your important documents in one place. Simply take a picture, email or text to Palm and then ask Palm to text it back when you need it. Palm will scan, store it, and make it easy to share.
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