Haddock provides restaurant management software focused on improving profitability through centralized control of operations. The platform offers dynamic cost tracking via automated invoice digitization and real-time margin analysis for menu pricing. It also features AI agents to manage daily administrative tasks, allowing staff to focus on customer service.
Funding
$1.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
JVZFounders
Product
Problem
Restaurants often struggle with fluctuating ingredient costs, manual invoice processing, and difficulty in maintaining consistent profit margins due to a lack of real-time cost visibility. Tracking inventory and updating menu pricing in response to supplier price changes can be time-consuming and prone to errors.
Solution
Haddock is a restaurant management platform that digitizes invoices and delivery notes using AI, providing real-time data on ingredient costs and automating menu pricing adjustments. By simply uploading a photo of an invoice or delivery note, the platform extracts key information, displays it on a dashboard, and uses it to notify users of price variations. Haddock creates dynamic bills of materials that are automatically updated with the latest purchase prices, enabling restaurants to identify discrepancies between invoices and delivery notes and maintain control over their margins. The platform also integrates with point-of-sale (POS) systems to provide a comprehensive view of business performance.
Target Audience
Haddock is designed for restaurant owners, managers, and chefs who need better control over ingredient costs, inventory, and menu pricing to improve profitability.
Features
- Automated invoice and delivery note digitization via photo upload and AI-powered data extraction
- Real-time notifications of ingredient price increases to facilitate negotiation or menu adjustments
- Dynamic bill of materials that automatically update with the latest purchase prices
- Integration with POS systems for a 360-degree view of sales and margin data
- Inventory management tools for tracking stock levels and avoiding unnecessary purchases
- Customizable dashboard for visualizing key cost metrics and performance indicators
- Automated calculation of ideal menu item sale prices based on ingredient costs