Enhance your hospitality operations with POS integration, franchise management, and customer engagement through NetSuite ERP implementation.
We proudly present our 2023 Alliance Partner Spotlight Award for Hospitality industry. This recognition from NetSuite clearly shows that we are not rooting for ourselves but got a testament from the client itself.
We implemented NetSuite ERP for Leading Hotels of The World and our successful implementation, combined with a strong relationship with our client, helped us win this award from NetSuite.
For restaurants to integrate data sources and run their businesses efficiently, they need a single scalable foundation. Rising labor and food costs, shifting consumer expectations, and supply chain disruptions are driving the need for innovative solutions to remain competitive.
Supply chain disruptions can have a significant ripple effect, leading to delayed inventory, increased costs, and dissatisfied customers. For the restaurant and hospitality sector, where perishable goods and timely service are critical, NetSuite ERP implementation can solve these disruptions and directly impact profitability and customer trust.
Folio3 has extensive experience in working with startups, SMEs, and enterprises to deliver NetSuite implementations, customizations, and integration services, thereby enabling them to scale with ease and not get slowed down by the bottlenecks caused by growth in business.
Keep restaurant inventory in check, minimize waste, and ensure a steady supply of fresh ingredients.
Increase staff productivity and close the books faster with a custom fiscal calendar and multi-location consolidation.
Take control of your vendors and purchasing process to lower the cost of goods sold and have enough products on hand.
With the guest service dashboard, track the guest behavior and resolve guest inquiries to minimize complaints.
Track and manage the lifecycle of fixed assets, including purchasing, depreciation, maintenance, and eventual disposal.
Maintain consistency, ensure royalty payments are accurately tracked, and maintain brand standards across all locations.
The restaurant and hospitality industry frequently confront disruptions in inventory checks, and tracking stock levels that increase food wastage, cost control, customer service, and compliance. Folio3 provides both full NetSuite implementation and integration with inventory management, accounting, or CRM systems to help restaurants, hotels, cafes, vacation rentals, or any hospitality business overcome ongoing and upcoming challenges.
Manage all aspects of accounting, financial reporting, budgeting, tax management, and compliance. NetSuite for Restaurants tracks daily sales, expenses, profit margins, and cash flow. For multi-location restaurants, this module ensures centralized financial oversight across locations. The real-time data helps make decisions on staffing, purchasing, and other operational costs.
With NetSuite ERP for restaurants, manage inventory levels, track stock across multiple locations, and forecast demand for food, beverages, and other supplies. It supports reorder points, lot management, and expiration tracking leading to reduced food waste and spoilage. It also streamlines the supply chain process by automating order replenishment and help save cost.
The NetSuite Fixed Asset Management module helps restaurants and the hospitality industry by tracking assets such as equipment and furniture and automating their depreciation. This module also helps with scheduling maintenance, cost allocation, and lifecycle management by keeping the asset performing at its best and providing timely reasons to replace or upgrade it.
The CRM module supports the restaurant and hospitality industries through its functionality to enhance customer engagement, reservation management, and possible targeted marketing. Also, loyalty programs and guest feedback collection can be managed to advance revenue through data-driven insights.
The labor-intensive businesses need NetSuite solutions for hospitality industry to manage employee information, payroll, benefits, recruitment, training, and performance management. HRM assists in scheduling, payroll management, and staff training tracking. For restaurants, this helps manage shifts, track staff performance, and optimize labor costs.
Automate purchase order creation and vendor payments and monitor performance and negotiating terms of suppliers. ensure a smooth coordination between inventory at central warehouses and multiple locations of hotels and restaurant chains to improve efficiency in food or supply delivery.
If your restaurant and hospitality business needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your restaurant and hospitality business can have a comprehensive, personalized, and industry-specific solution for all its needs and pain points.
We offer post-deployment NetSuite managed services, including module implementations, workflow customizations, and bug fixes. Our specialized team provides personalized NetSuite support for any industry.
NetSuite for Restaurants is a tailored ERP solution designed to optimize operations, manage inventory, and streamline financial processes specifically for the restaurant industry.
NetSuite offers real-time tracking of ingredients and automated reordering to ensure efficient inventory management and reduce waste.
Yes, NetSuite integrates with POS systems to synchronize sales data with inventory and financials, providing a comprehensive view of your operations.
Costs vary based on factors like restaurant size, complexity, and customization needs. For detailed pricing, a discovery call can provide a tailored estimate.
Implementation time typically ranges from a few weeks to several months, depending on the size of your restaurant and the complexity of your requirements.
Yes, NetSuite is designed to manage operations across multiple locations, providing centralized control over inventory, sales, and financials for each site.
