As people become vaccinated and restrictions are eased, consumers are eager to return to dining out. While the restrictions of the past year may be lifting, the pressures on operators, franchisees and brands are not. Food and labor costs are rising. Supply chain shortages restrict opportunity. Health and safety protocols add costs and traffic patterns are shifting. All these factors weigh heavily on operators, and they are in constant fluctuation from day to day and from unit to unit.
Enter our latest solution: metiRi, a SaaS solution that aggregates and analyzes unit level financials across a system, however large, disparate or geographically scattered the locations may be. Currently, metiRi collects, aggregates and analyzes financial data for more than 30,000 units in 35 countries, 15 languages and 27 currencies.
Why does unit-level data matter?
By collecting, aggregating and standardizing unit-level financials from almost any source, metiRi provides a quick, apples-to-apples comparison. Users can drill down into the store level benchmarking feature, compare their stores to other stores within the system and easily identify current profitability challenges at the unit level, while also identifying common issues within the group. These challenges can now be identified early on because the data is standardized and up-to-date, allowing users to address them individually or strategically in time.
Imagine being able to assess opportunity costs across the P&L for each location and compare easily to company-wide averages with just a few clicks. Then imagine utilizing metiRi’s expert insights to make short- and long-term plans for overcoming a profitability challenge. It’s all available through the system – and it is what is needed now during these rapidly fluctuating conditions.
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