New integration helps hospitality businesses connect
point-of-sale transactions and financials to drive operational
efficiency, improve business visibility, and enhance the guest
experience
NEW
YORK, March 28, 2024 /PRNewswire/ --
SuiteConnect -- To help restaurants and hospitality
businesses increase productivity and make more informed decisions,
Oracle NetSuite today announced a new NetSuite Connector for Oracle
MICROS Simphony. The integration provides tailored functionality
for the restaurant and hospitality industry that will help
customers reduce costs, centralize data, and increase
efficiency.
The NetSuite Connector for MICROS Simphony enables customers to
connect Oracle's industry-leading restaurant point-of-sale (POS)
solution with NetSuite's integrated cloud business suite. The
integration enables a daily import of core financial and inventory
data from Simphony into NetSuite, helping customers to consolidate
financial reporting, streamline cash reconciliation, and eliminate
the time spent on manual data integrations.
"Restaurant and hospitality businesses need to be agile, but
disconnected systems can make it difficult to understand
performance and customer demands," said Evan Goldberg, founder and executive vice
president, Oracle NetSuite. "NetSuite Connector for MICROS Simphony
helps create a single source of truth with visibility into how
sales are driving financial performance. By combining the power of
Oracle and NetSuite, we are committed to helping our customers take
advantage of end-to-end solutions to support growth."
NetSuite Connector for MICROS Simphony helps customers by
connecting POS and finance data to:
- Enhance financial reporting: Close the books faster and
improve financial visibility by simplifying the management of
multi-concept or multi-location restaurants. With NetSuite
Connector for MICROS Simphony, each restaurant location can send
separate data to NetSuite, with tender data segmented by tender
name and carry over amounts included.
- Streamline data reconciliation: Reduce time spent on
manual data transfer and reconciliation with automatic updates from
Simphony to NetSuite. With NetSuite Connector for MICROS Simphony,
data imports are segmented by dayparts and include detailed
transactional data such as totals, items sold, service charges, and
discounts.
- Improve inventory management: Eliminate manual data
entry and reduce errors by automating the data flow between POS and
inventory systems. With NetSuite Connector for MICROS Simphony,
businesses can accurately track what items have been sold and make
more informed decisions about inventory management and demand
planning.
"Restaurant and hospitality businesses are in a state of
constant reinvention, and their technology stack should be making
their lives easier, not harder," said Simon
de Montfort Walker, senior vice president and general
manager, Oracle Food and Beverage. "With NetSuite Connector for
MICROS Simphony, our customers now have an integrated system that
is tailored to their industry, removing the need for third-party
platforms or expensive customizations. By seamlessly connecting
financial and sales data, businesses can now access performance
information to help them make faster, more informed decisions and
better serve their guests."
Availability:
The NetSuite Connector for MICROS
Simphony will be available in North
America in 2024.
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped organizations
grow, scale, and adapt to change. NetSuite provides an integrated
system that includes financials / Enterprise Resource Planning
(ERP), inventory management, HR, professional services automation
and omnichannel commerce, used by more than 37,000 customers in 219
countries and dependent territories.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of
Oracle Corporation. NetSuite was the first cloud
company—ushering in the new era of cloud
computing.
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SOURCE Oracle NetSuite