Lineup Adds New Machine Learning Capabilities to PAR Technology’s Brink POS® Ecosystem
December 09 2020 - 7:30AM
Business Wire
ParTech, Inc. (“ParTech”), a
leading global provider of point of sale (POS) software and
integrated technical solutions to the restaurant and retail
industries, has added Lineup, a
sales and labor forecasting solution powered by artificial
intelligence, to its Brink POS integration ecosystem.
Lineup puts the power of artificial intelligence into restaurant
operators’ hands, allowing them to make more consistent and
profit-focused decisions about labor and food. With best-in-class
prediction capability and easy-to-use features, Lineup gives
restaurant operators timely, actionable, and accurate insights
using continuously improving prediction algorithms.
“Quality insights are critical for restaurants in today’s
fast-changing world, and Lineup’s ability to use machine learning
to drive quicker, more informed decisions, make it a wonderful fit
for our Brink POS integration ecosystem,” said Stephen Lee,
Director of Strategic Partnerships at ParTech.
Through the power of machine learning, every restaurant on the
Lineup platform receives its own custom predictive sales model that
is updated daily, driving continuous accuracy improvement, and the
ability to rapidly evolve as external factors change.
Lineup’s features have never been more important than they are
now, given the uncertainty surrounding COVID-19 and the likely
continued impact it will have on restaurants in the future. In
fact, Lineup’s predictive capabilities have already returned to
pre-COVID-19 accuracy levels and will continue to automatically
evolve over time.
On approximately 33% of all days, restaurant sales are 20% above
or below the 4-week rolling average, a commonly used algorithm for
forecasting sales. It’s on these days that restaurants often find
themselves over or under-staffed. By leveraging more advanced
algorithms, external weather and local event data, Lineup’s
predictions are up to 60% more accurate on those days.
Features
- Hourly, daily and weekly sales and labor predictions that feed
directly into simple, clean labor scheduling features.
- Daily and weekly tracking dashboards that compare hourly
predictions to actuals in real-time, enabling proactive labor and
food decisions through each day.
- Notifications that inform users if predictions change from when
schedules are created
- Daily reflection that gives managers a platform to communicate
why they believe actual sales differ from what Lineup predicted.
These insights are used both to improve Lineup’s models, and to
give restaurant leadership unprecedented visibility into the daily
operations across all locations.
About Lineup
Lineup is a sales and labor forecasting solution fueled by
historical sales data, hyper-local weather data and millions of
local events. Lineup's advanced machine learning models accurately
predict future sales and labor needs. When paired with our clean,
simple scheduling features, and real-time progress dashboard, these
predictions enable operators to make consistent, profitable
decisions across all locations. To learn more, visit
https://www.lineup.ai/.
About PAR Technology Corporation
PAR Technology Corporation through its wholly owned subsidiary
ParTech, Inc., is a customer success-driven, global restaurant and
retail technology company with over 100,000 restaurants in more
than 110 countries using its point of sale hardware and software.
ParTech’s Brink POS integration ecosystem enables quick service,
fast casual, table service, and cloud restaurants to improve their
operational efficiency by combining its cloud-based POS software
with the world’s leading restaurant technology platforms. PAR
Technology Corporation’s stock is traded on the New York Stock
Exchange under the symbol PAR. For more information,
visit www.partech.com or connect with PAR on Facebook or
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20201209005074/en/
Christopher R. Byrnes 315-743-8376 chris_byrnes@partech.com,
www.partech.com
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