Industry-leading restaurant technology provider collaborates with key partners to develop unmatched dynamic pricing solutions
ItsaCheckmate, a leading restaurant ordering solutions provider, has strengthened its platform with new AI-guided data-driven pricing solutions in collaboration with JUICER and SAUCE PRICING. These updates expand ItsaCheckmate’s integration marketplace – empowering restaurants to deploy the most effective and profit-driving strategies by optimizing pricing. Informed by data and fueled by machine learning models, these partnerships allow some of the world’s largest restaurant brands to ditch the one-size-fits-all pricing model and embrace the power of data with tools tailored to their unique operational challenges. It’s a win-win: boosting efficiency and maximizing profitability without relying on the dreaded price hike to increase sales.
Dynamic pricing gives restaurants flexibility to adjust menu prices based on multiple factors, including day of the week, traffic, demand, competitor pricing, and more. In addition, this strategy helps adapt to market changes such as item shortages, rising costs, and even weather. Ultimately, dynamic pricing evens out demand variations so restaurants can operate at full capacity more often without an overreliance on discounts and promotions to motivate customers. Unlike surge pricing – which only goes up – dynamic pricing gives restaurants greater control to adjust prices at scale and boost digital sales during slower times with automated, real-time price optimization.
“Dynamic pricing isn’t just about increasing prices,” said ItsaCheckmate CEO Vishal Agarwal. “It’s about flexibility, driving traffic during slower times, and providing competitive pricing anytime. Our partnerships with these innovative companies strengthen our offerings and give our customers more ways to improve efficiency and deliver a better guest experience.”
JUICER offers a complete real-time restaurant revenue management and pricing analytics solution. Its delivery revenue management module seamlessly integrates with ItsaCheckmate, allowing restaurants to completely eliminate the burden of managing prices on delivery channels. Imagine having a system that works in the background, ensuring the ideal price for each item, at each location, on each channel, at any given time.
“Today’s diners are savvy and price-conscious. Value is top of mind in 2024 for both consumers and operators,” said JUICER Founder and CEO Ashwin Kamlani. “We ditch the guesswork by leveraging AI-based data-driven pricing, helping restaurants implement smarter pricing across their entire operation and stay ahead of the curve on delivery platforms.”
SAUCE is the dynamic pricing solution that scales for multi-unit restaurants. With Sauce, brands can leverage customer and conversion data to provide value to guests at more price points, while driving incremental sales across digital channels. Sauce launches on ItsaCheckmate within minutes, allowing your brand to turn online ordering into a profit center while converting more digital orders. Whether it’s the ability to have data-driven rates for lunch vs dinner, weekday vs. weekend, happy hour vs. popular events, or just updating online menus to reflect the latest changes in food costs, Sauce makes it easy to scale custom pricing strategies across all platforms.
“Imagine a world where diners receive a tailored menu and price point on every order, and restaurants watch their growth soar across each channel,” says SAUCE Co-Founder and CEO, Colin Webb. “We are building that future today. Now, in partnership with ItsaCheckmate, we’re helping restaurants ditch the one-size-fits-all menu and switch to dynamic pricing, so they can adopt a truly customer-driven experience that accounts for every type of guest.”
While relatively new to the restaurant industry, airlines, hotels, and third-party delivery providers have harnessed dynamic pricing solutions for years. As with nearly all operation optimization initiatives, data informs the most effective strategies, and no provider offers higher data quality than ItsaCheckmate. The collaborations with JUICER and SAUCE PRICING give restaurants even more ways to maximize efficiency and deliver better customer experiences. For more information, visit ItsaCheckmate.com.
ItsaCheckmate powers scalable first-party ordering, guest engagement solutions, and seamless integrations with leading third-party platforms, helping restaurants truly master omnichannel digital ordering. Its solutions are supported by robust analytics and reporting tools, which enable restaurants to manage and protect their revenue while optimizing operations. ItsaCheckmate also offers a next-generation plug-and-play Marketplace solution, enabling restaurant operators to continually evolve their digital ordering strategies while empowering them to control online orders and menus directly from their POS, ensuring improved customer satisfaction. ItsaCheckmate proudly works with over 23,000 global restaurant locations, integrating with 50+ POS systems and 100+ ordering platforms, including industry leaders like Uber Eats, DoorDash, and Grubhub. For more information, visit ItsaCheckmate.com.
JUICER offers a complete real-time restaurant revenue management and pricing analytics solution. It’s a full-service solution that manages pricing for restaurant chains. It also provides detailed predictive insights into the effects of price changes at a time when restaurants are looking for ways to understand consumer price sensitivity across all channels and price elasticity at a menu item level. For more information, visit www.JUICERpricing.com.
SAUCE PRICING is the dynamic pricing platform for restaurants across digital ordering. Data-driven restaurant brands use Sauce to increase profit margins and online conversion rates, driving incremental revenue for their locations. Sauce combines clever automation, holistic data, and control to allow restaurants to implement and test Smart Pricing strategies that counter rising costs and margin constraints. Hundreds of restaurant brands use Sauce to find the right value menu prices at the right time of day for their customers, automatically and easily. Learn more at www.SaucePricing.com.
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