SpotOn unveils AI-Powered profit assist to aid restaurant P&L analysis amid industry pressures

GLOBAL – SpotOn, a leading software and payment technology provider, has introduced SpotOn Profit Assist, an innovative AI-powered tool designed specifically to help restaurant operators automate and optimize their profit and loss (P&L) analysis.

This launch arrives at a critical juncture for the foodservice industry, as inflation and shifts in consumer spending are placing unprecedented pressure on restaurants, especially independents, who are increasingly expected to do more with fewer resources.

What sets SpotOn Profit Assist apart is its deep understanding of the unique operational and financial challenges faced by restaurants.

Unlike generic accounting solutions, Profit Assist is purpose-built for hospitality, offering features and insights tailored to the fast-paced, margin-sensitive world of foodservice.

The tool seamlessly integrates with widely used accounting platforms such as QuickBooks Online, Xero, and Restaurant 365, ensuring that operators can leverage their existing financial data without disruption.

At its core, SpotOn Profit Assist harnesses advanced artificial intelligence to automate the traditionally labor-intensive process of P&L analysis.

The tool continuously ingests and reconciles data from sales, inventory, labor, and expenses, providing operators with real-time visibility into their financial health.

Its intuitive dashboard highlights key performance indicators, uncovers hidden trends, and proactively flags anomalies or cost overruns, empowering restaurateurs to make informed decisions faster than ever before.

One of the standout features is the tool’s ability to deliver actionable recommendations, not just raw numbers.

For example, Profit Assist can identify opportunities to optimize menu pricing, adjust staffing levels, or renegotiate supplier contracts, insights that can translate directly into improved profitability.

The AI engine learns from each restaurant’s unique operating patterns, refining its suggestions over time to deliver increasingly precise and relevant guidance.

SpotOn’s launch of Profit Assist is particularly timely given the current economic climate. With food costs rising and consumer discretionary spending under pressure, independent operators are seeking every possible advantage to maintain healthy margins and sustain growth.

By automating complex financial analysis and surfacing opportunities for improvement, Profit Assist aims to level the playing field, giving smaller restaurants access to sophisticated tools that were once the domain of large chains with dedicated finance teams.

In a market crowded with generic business software, SpotOn Profit Assist distinguishes itself by being purpose-built for restaurants, combining seamless integration, AI-driven insights, and a user-friendly experience.

As the industry continues to evolve, tools like Profit Assist will be essential for operators determined not just to survive, but to thrive.

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.