Funding
Funding not disclosed
Founders
Product
Problem
Restaurants face significant challenges in managing raw material costs and operational overhead associated with supplier procurement and payment processing. Inefficient tracking of purchases against sales and manual invoice handling lead to increased costs and administrative burden.
Solution
Abastella provides an automated inventory management platform designed to streamline restaurant procurement and supplier payment workflows. The system facilitates real-time tracking of purchases relative to sales data, enabling precise inventory valuation and price control. By automating the registration of purchases and supplier payments, Abastella aims to reduce raw material costs by an estimated 20-25% and significantly decrease the time spent on administrative tasks. The platform's core functionality includes analyzing theoretical versus actual ingredient costs and identifying cost-saving opportunities through supplier price comparisons.
Target Audience
The primary target audience includes restaurant owners and operators seeking to optimize their inventory management, reduce food costs, and improve operational efficiency.
Features
- Automated purchase registration by parsing invoice data and associating line items with standardized ingredients.
- Real-time tracking of purchases against sales to monitor cost of goods sold (COGS) and identify discrepancies.
- Inventory valuation based on the latest purchase prices, with automated updates.
- Supplier price monitoring to detect variations and identify cost-saving opportunities.
- Automated reconciliation of credit notes against incomplete orders to prevent duplicate payments.
- Cost allocation by operational area (e.g., bar, kitchen, cafeteria).
- Integration capabilities with Point of Sale (POS) systems and electronic invoicing platforms for seamless data flow.
- Mobile application for inventory counts and data entry.