Business Intelligence
The ideal tool for a complete overview of your business
Business Intelligence by Labware is a valuable control, analysis and management tool for restaurant managers to help them make the right decisions, make intelligent forecasts and keep the restaurant at its most competitive.
The BI collects the sales data from the Basiq and Magiq checkouts and combines business analytics, data display, tools and infrastructure, in addition to best practice, thus allowing the best decisions to be taken based on the data. Having a comprehensive overview of your organisation’s data allows you to eliminate inefficiency and implement the necessary corrections to cope with market and supply changes.
Constantly monitor restaurant sales results
Compare them between different periods
Perform multi-dimensional analyses by combining different variables and metrics
Promptly identify the causes of misalignment and critical situations and identity which corrective actions to take
REPORTS
You can customise your reports based on your specific needs:
- By increasing or decreasing the level of detail
- By choosing which data to display, how to sort and group them
- By setting filters
- By choosing the display method
The data are always accessible from any device. You can compare the figures of two or more reports over specific time intervals, export the statistics to a PDF file and print them later.
MENU ENGINEERING
A really valuable tool, which is included in the BI service, is Menu Engineering. Menu analysis and management for identifying the ideal combination for your restaurant: we show you which dishes are most popular with your customers and which ones maximise profit.
With a good engineering service on your menu, you can:
- measure a series of parameters for each dish such as food cost, the number of dishes sold and the profit margin (only if you have installed the 4Stock service)
- classify the menu dishes based on profitability and popularity by entering them in a specific matrix (Stars, Puzzles, Plowhorses and Dogs)
- monitor the trend of preferences over time
- identify any weak points in the menu
- fine-tune more suitable pricing policies
BI 24 and BI 48
The entry level version of Labware’s BI is included in the purchase of the BASIQ system which allows the customer to access reports with a maximum 15-day history.
This version of BI is an excellent tool for assessing the effective value of the service and getting to know your way around the reports and data available.
Labware provides customers with two different licenses, BI 24 and BI 48, to manage and view the sales data with a history of over two weeks. The two licenses differ only in the amount of time that the data are available, i.e. 24 months with BI 24 and 48 months with the purchase of BI 48.