PAR Technology Corp. - PAR STOCK NEWS

PAR Technology Corporation (NYSE:PAR) will report its fourth quarter financial results on March 15, 2021, at 4:00 p.m. ET. The report will be followed by an investor presentation and conference call at 4:30 p.m. ET featuring CEO Savneet Singh, CFO Bryan Menar, and VP Christopher Byrnes. Investors can participate by calling 844-419-5412 or online via the company's investor page. An archived version of the call will be available after 7:30 p.m. on March 15 for one week. PAR Technology serves over 100,000 restaurants globally with its POS solutions.

ParTech, Inc. (PAR) partners with Lunchbox to enhance its Brink POS platform with innovative digital ordering solutions aimed at restaurants. This collaboration enables direct guest engagement through personalized apps, marketing tools, and kiosks, streamlining online orders while retaining customer relationships. Restaurants using Lunchbox's services have reported sales growth of up to 30%, benefiting from reduced reliance on third-party apps. Lunchbox, launched in 2019, has quickly gained traction in the industry, appealing to high-profile restaurants and enhancing PAR's technology ecosystem.

ParTech, Inc. (PAR) has launched Datable Lab, a new Learning Management System (LMS) integrated with its DATA CENTRAL® training platform for restaurant operators. This cloud-based system serves over 5,000 restaurant locations with tools for inventory, labor, and management analytics. The LMS aims to streamline employee training by providing tailored courses, enhancing user understanding and critical thinking. Completing the training offers certification in DATA CENTRAL. General Manager Erynn Kirshner highlights the system's potential to expedite onboarding and improve employee education.

ParTech (PAR), a global provider of POS software, has integrated with i3 International, a provider of AI video solutions, enhancing its Brink POS® ecosystem. This collaboration allows restaurants to utilize video data alongside POS transaction details, improving operational efficiency, reducing wait times, and increasing sales. i3's technology addresses challenges faced by Quick Service Restaurants (QSR) with high turnover rates and safety concerns, particularly highlighted by the pandemic's impact on service speed.

ParTech, Inc. has integrated DAVO Sales Tax® into its Brink POS® platform, streamlining sales tax management for restaurant operators. This service automatically calculates, sets aside, and remits sales tax, alleviating the burden on operators. Over the past two years, DAVO has enabled automatic filing of more than $120 million in sales tax. Peter Murray, DAVO's CEO, highlighted PAR's strong reputation in the restaurant sector as a reason for this partnership. This collaboration aims to enhance operational efficiency, allowing restaurant owners to focus more on business growth rather than tax-related paperwork.

ParTech, Inc. (PAR), a leader in POS software solutions, has partnered with Dash Now, a contactless payment provider. This integration aims to help restaurants enhance customer experience through curbside pickup and contactless transactions, amidst growing demand for non-contact services. Dash Now's technology reportedly boosts to-go sales by 13% and increases server tips by 30%. This collaboration supports restaurants in navigating challenges during the pandemic, improving operational efficiency while minimizing labor costs.

ParTech has integrated Craftable into its Brink POS ecosystem, enhancing operational efficiency for restaurant operators. With Craftable's tools, users gain real-time insights into inventory, sales, and costs, resulting in reduced food costs by 2-3%, pour costs by 3-5%, and labor costs by 50%. This partnership aims to support the restaurant industry during challenging times, offering comprehensive management solutions for both single and multi-unit locations.

ParTech has integrated XPR into its Brink POS ecosystem, enhancing self-service ordering solutions for restaurants. XPR’s technology has shown to increase average order sizes by 23% and order values by 18% in recent studies. This partnership will allow customers to utilize contactless ordering and self-service kiosks, streamlining operations and reducing labor costs. The collaboration aims to provide innovative solutions tailored to improve operational efficiency and customer experience in the hospitality industry.

PAR Technology Corporation (NYSE: PAR) has officially launched the PAR Helix™, a new point of sale terminal aimed at enhancing restaurant operations. This terminal features a 13.3” monitor, 8GB RAM, an Intel Celeron processor, and a 128GB SSD. The removable compute module allows for easy maintenance and upgrades, minimizing downtime. It also includes a double-hinge system for adjustable height, improving usability. Available for purchase starting January 20, 2021, the Helix aims to streamline restaurant workflows while maintaining a high guest experience.