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ease
features
design
support

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Description

Keeping a close eye on your Cost of Sales percentage is crucial for the success of any restaurant, as it enables you to take actionable steps to enhance operations and, in turn, boost profitability. Whether you're running a fast food outlet, a fine dining establishment, a catering service, or an institutional foodservice, grasping the interrelation of the three food cost principles is vital for determining the fate of your business. Shrinkage, which can be bluntly described as theft, poses a significant threat to profitability. This shrinkage reflects the gap between the ideal or theoretical food cost and the actual cost incurred in practice, with discrepancies typically ranging from 2% to 15%. Such variances translate into lost profits that can account for a substantial share of sales, often distinguishing between a thriving food service operation and one that faces closure. Every food service entity inevitably experiences some level of shrinkage, making it imperative to identify and mitigate its sources effectively. By addressing these issues, you can significantly enhance your operational efficiency and safeguard your bottom line.

Description

WiseFins, a web-based app that runs on the cloud, is designed to help food industry professionals effectively manage their expenses related to food or beverages. It offers real-time data analysis and provides real-time data analysis. This tool helps to avoid costly errors and promotes long-term savings. WiseFins empowers F&B chefs and kitchen managers to make informed decisions about operational performance by collecting real-time data. This valuable insight helps them understand how operational aspects affect their overall financial performance and optimize their bottom line.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

€90 per month
Free Trial No 
Free Version No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Ideal Software

Country

South Africa

Website

idealsoftware.co.za/ideal-stock-control/

Vendor Details

Company Name

WiseFins

Founded

2020

Country

France

Website

wisefins.com

Product Features

Food Service Management

Costing No 
For Cafeterias No 
For Healthcare Facilities No 
Free / Reduced Meals No 
Inventory Management No 
Menu Planning No 
Nutritional Analysis No 
Online Payments / Funding No 
Point of Sale (POS) No 
Purchasing Yes 
Recipe Management Yes 
Schools No 
Tray Tracking No 

Product Features

Food Service Management

Costing Yes 
For Cafeterias Yes 
For Healthcare Facilities No 
Free / Reduced Meals No 
Inventory Management No 
Menu Planning Yes 
Nutritional Analysis No 
Online Payments / Funding No 
Point of Sale (POS) No 
Purchasing No 
Recipe Management Yes 
Schools No 
Tray Tracking No 

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