Upserve Buys Inventory Management Platform

Restaurant management platform Upserve has acquired inventory management platform SimpleOrder. 

SimpleOrder is being renamed to Upserve Inventory. Fully integrated into Upserve's complete restaurant management platform, Upserve Inventory gives restaurant owners control over back-of-house operations with real-time food costing, automated inventory management and one-click purchasing.

Wasted Food = Lost Profit
Food cost is one of the largest expenses for restaurants, accounting for 28-35% of gross sales, but determining the cost of food and how to reduce it is usually manual, time-consuming and error-prone. In a busy restaurant environment, it's also easy to lose track of what was bought, how much and from which vendor. The process is stressful and overwhelming, but most importantly, wasted food translates into lost profits. 

Brian Reeder, co-founder of Vessel Kitchen in Park City, Utah, has experienced this first-hand, but as an Upserve Inventory (previously SimpleOrder) customer, he has solved for this. "We know our costs of sales in real-time for each recipe," Reeder said. "The data and insights, combined with easy access to our suppliers, allows us to make smarter decisions for our business. I also love that I can see if a supplier has changed prices and that is essential to our success." 

The solution provides full visibility into inventory and purchasing trends. In addition, restaurants using Breadcrumb POS by Upserve gain a more holistic view into the profitability of their menu, allowing them to adjust each dish based on sales and recipe costs.

SimpleOrder will continue to operate outside the United States as SimpleOrder by Upserve. SimpleOrder, which operates in over 25 countries, was founded in 2012 and has been backed by Ibex Investors and Cyrus Capital Partners.