INSUBCONTINENT EXCLUSIVE:
While massive restaurant chains might have resources to build out their own management systems or integrate with larger point-of-sale
else.Now Toast is a business valued at $1.4 billion, thanks to a fresh infusion of $115 million in its latest round of funding
Now the goal is to be not just a point of sale, but offer a whole system to help restaurants operate efficiently
both the front and back house of the restaurant
can start helping those restaurants figure out how to improve their businesses further
That might be modifying menus slightly based on what people are enjoying, or pointing them in the right direction as to when to make slight
Toast helps restaurants boot up an online ordering part of their business quickly, in addition to offering tools to help streamline that
A restaurant might deal with a flood of orders or throttle them if necessary
better for the in-person experience as well.The next focus for Toast, Barash said, is figuring out the labor side of the equation
That comes down to helping restaurants not only find new employees, but also figure out how to retain them in an industry with a significant
Attacking the hiring part of the problem is one approach, though there are other approaches like Pared, which looks to turn the labor market
for restaurants into an on-demand one
partners or us building some things ourselves
If you go to any restaurant in Boston, and look at all the help wanted signs, you can see the barrier to being successful is a lot of times
more on the employee side than on the guest side
restaurants, are pretty widely adopted and can also try to own that whole restaurant management stack, from clocking in and out to getting
