Bindo, a cloud-based business management solution for brick-and-mortar merchants, has unveiled a beta version of its new iPad point-of-sale (POS) system 'Bindo POS' for Restaurant. The company also announced that it secured $2 million in funding from strategic investors eager to see the POS solution expand into new verticals.
Bindo will use the investment to launch the new POS system globally, enabling restaurant owners to have one complete and holistic business solution that can integrate telephone orders, online ordering, table management, reservations and ingredient-level tracking all in one platform. Bindo POS for Restaurant is now available in beta at a few select restaurants and will become publicly available in mid-September, the company said in a release.
Bindo POS for Restaurant provides a simple way for restaurants to easily manage their inventory and sales from a centralized back-office dashboard, whilst also allowing them to accept and schedule reservations from a centralized cloud-based platform. Restaurants are given the tools to better forecast inventory and supply needs by accurately recording the ingredients that go into each dish. Bindo POS for Restaurant can also maximize seating capacity and table turnover by enabling the front of house to seamlessly schedule bookings through an integrated customer relationship management (CRM) and floor planning system.
"We wanted a mobile and elegant POS solution to complement our modern restaurant theme and came across Bindo," said Ivan Yeh, owner of Shoku Bar and Restaurant, and first-time user of Bindo POS for Restaurant. "Since deployment, Bindo helped us cut down on excess inventory and vastly improved the way we run our operations. Best of all, Bindo's integrated mobile credit card processing allows our servers to take orders and payments at the table, making way for that wow factor and allowing for a better dining experience for our customers," he said.
"We met with so many restaurateurs who were fed up with the choice of POS systems available (both iPad and traditional POS). The iPad POS systems in the market were not sophisticated or robust enough for their needs, and the traditional systems were expensive, inflexible and difficult to use," said Brad Lauster, co-founder of Bindo, adding, "Bindo POS for Restaurant fills that gap in the market with a solution that's powerful, customizable and a pleasure to use."
The investors that led the new funding round have decades of operational expertise in the food and beverage industry, and played a pivotal role in fine-tuning the customizations needed for the many restaurant types supported by Bindo's solution.