Nectar provides connected pourers and stoppers that utilize ultrasound sensors to track beverage pours in real-time, enabling precise inventory management for bars and restaurants. This technology reduces liquor shrinkage, leading to measurable increases in revenue and profit margins for hospitality businesses.
Funding
Funding not disclosed
Founders
Product
Problem
Bars and restaurants often struggle with inaccurate inventory management due to over-pouring, spillage, and theft, leading to significant revenue loss and reduced profit margins. Traditional manual inventory methods are time-consuming, prone to human error, and lack real-time visibility into liquor consumption.
Solution
Nectar provides a hardware and software solution for real-time beverage inventory management. The system uses connected pourers and stoppers equipped with ultrasound sensors to precisely track the amount of liquid poured from each bottle. This data is transmitted to a cloud-based platform, providing bar owners and managers with accurate, up-to-the-minute insights into pour costs, consumption patterns, and potential shrinkage. By identifying discrepancies and optimizing inventory control, Nectar helps hospitality businesses minimize losses and increase profitability.
Target Audience
Nectar targets bars, restaurants, hotels, and other hospitality businesses that serve alcoholic beverages and need to improve inventory management and reduce liquor shrinkage.
Features
- Connected pourers and stoppers with integrated ultrasound sensors for real-time pour tracking
- SnapTap spacers that integrate seamlessly into existing taps to track pours
- Patented sensor technology that measures and reports pours without altering bartender behavior
- Durable, bartender-tested hardware with metal tops, air-tight seals, and universal fit for various bottle openings
- Cloud-based software dashboard providing insights on total volume, average pour size, and brand/category performance
- Customizable pour alerts for low bottle levels, off-hour pours, and excessive pouring of specific brands
- Precision Audit™ & inventory software to count anything in the bar, save time by skipping Nectar capped products, and track variance over time
- Stockout suggestions, easy vendor management, and price/discount tracking
- Mobile app for inventory management and reporting