Lightspeed launches latest version of Lightspeed Restaurant for hospitality entrepreneurs in the Netherlands

The updated version bundles more functionality, efficiency and speed into one bundled checkout and payment platform

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), today launched the latest version of Lightspeed Restaurant, its flagship product for the hospitality sector. Lightspeed is the integrated POS and payment platform for ambitious entrepreneurs who want to grow, offer extraordinary experiences and set the tone in their industry.

"Lightspeed's mission is to provide hospitality entrepreneurs with tools that give them real-time visibility into their performance," said Liam Crooks, Lightspeed's Managing Director in Europe. "With the launch of the latest version of Lightspeed Restaurant, we are helping Dutch hospitality businesses reinvent their workflow in the kitchen, on the shop floor and behind the scenes. Not only by working more efficiently, but also by generating additional revenue and improving the guest experience."

Digital tools as weapon against inflation and labour shortages

A recent and independent survey conducted by Lightspeed among Dutch consumers shows that restaurants have started to pay better attention to portion sizes in times of inflation and price increases. 44% says they have no problem with restaurants reducing their portion sizes or increasing their menu prices if it makes them financially secure. 

In addition, 61 per cent of Dutch consumers also believe that QR codes are a good solution for hospitality entrepreneurs to protect themselves from rising prices. Digital tools such as QR codes and menu engineering offer a solution for hospitality businesses struggling with staff shortages or suffering from rising commodity prices. They respectively ease the workload of serving staff and give more insight into the performance of dishes on a menu. The updated version of Lightspeed Restaurant provides hospitality entrepreneurs with such tools and more to better cope with current and future challenges in the hospitality sector.

Faster, more intuitive and efficient 

Jason Li, COO of Dadawan, the popular casual dining concept with locations in Arnhem, Eindhoven, Maastricht, Tilburg and Kerkrade, sums up Lightspeed in one word: "Efficiency."

"A POS system should quietly do its job in the background. If you don't actually know it's there, then you have the very best system. Both for our staff and from the back office perspective, Lightspeed is very straightforward. It is intuitive, has a pleasant user interface and is easy to work with. If you're in a growth phase, it's also easy to start up a new site: using a backup of an existing site as a template, you're launched in half an afternoon."

In addition to more speed, intuition and efficiency, the latest version of Lightspeed Restaurant numerous innovative functionalities:

• Game changer for the service staff - Thanks to its intuitive and user-friendly interface, Lightspeed Restaurant is a game changer for keeping shifts running smoothly in busy catering establishments. With a customisable floor plan, serving staff always have a clear view of the number of occupied tables, pending orders and special requests from guests. 
• More insight and real-time data for management - Thanks to crystal-clear reports, operators will not only gain more insight into the performance of their staff and menu, but also into guests' purchase history and consumption patterns. Based on order and payment data, occupancy rates and table rotations from each location, they will be able to make better predictions and match requirements to reality in the best possible way.
• Integrated payments and faster day end - Thanks to Lightspeed Payments, Lightspeed's integrated payment solution, payments are automatically synchronised between cash register and payment terminal. Staff no longer have to enter amounts manually, reducing the error rate and speeding up the checkout process. Management can see in no time at the end of the day or shift what has been paid, by what means and by whom.  
• Better control of costs and increased profit margins - With advanced menu engineering tools and Lightspeed's Magic Menu Quadrant, hospitality entrepreneurs get a crystal-clear picture of order frequency and profit margin per dish, so they can reduce costs and increase profit margins.
• Better and automated stock management - With Lightspeed Restaurant's Inventory hospitality operators can automate their stock management. With every order, the required ingredients or products are automatically deducted from stock. Automatic notifications at minimum quantities prevent stock shortages. 
• More ordering flexibility with Order Anywhere: Order Anywhere is Lightspeed Restaurant's fully integrated online ordering and payment platform, allowing guests to order and pay on the spot via QR codes or online for takeaway or delivery contactless. This gives entrepreneurs access to new sources of revenue, while reducing the workload of serving staff. 
• More stability with a powerful offline mode - Lightspeed Restaurant is a fully cloud-based platform that runs on any iOS device. With its powerful offline mode, the system always remains operational, even when the internet connection fails. Data stored in offline mode is automatically synchronised when the internet connection is restored.

Lightspeed's extensive network of integration partners and enhanced API allows hospitality entrepreneurs to customise their platform with numerous applications for reservations, staff scheduling, loyalty programmes, accounting, hotel PMS, inventory management and much more.

More information on Lightspeed Restaurant's new features is on our website find.