Net Element, Inc. (NETE) Improving Versatility of Legacy Point of Sale Systems through Release of Comprehensive Mobile Restaurant Solution
Net Element is providing over 500,000 restaurants throughout the United States with an innovative opportunity to update the performance of their point-of-sale systems without the need to replace existing restaurant management platforms. The company’s newest product, Restoactive, is an all-in-one mobile application that enables a collection of value-added offerings designed to increase customer satisfaction and improve operational efficiency. For restaurant operators, it’s the ideal tool for adopting modern, value-added technology solutions without the effort and expense required to remove and replace existing point-of-sale systems.
Restoactive is a first-of-its-kind platform created to seamlessly introduce popular features – including an all-in-one digital menu, kiosk and mobile point-of-sale application – into existing restaurant environments. By integrating compatibility with some of the world’s largest and most popular point-of-sale and restaurant management platform brands, Net Element ensured that its newest product is fully compatible with a significant portion of the country’s expansive restaurant industry.
Through the commercialization of Restoactive, Net Element effectively addresses some of the restaurant industry’s most popular technological updates. According to a report by Hospitality Technology, adding mobile point-of-sale capabilities is the number one reason that restaurant operators decide to upgrade their payment systems. However, Restoactive’s benefits go far beyond mobile payments. Net Element’s proprietary platform also promotes increased revenue by improving menu management, which has been shown to increase average order size, and enabling the operation of stand-alone kiosks, which promotes faster table turnover during peak hours.
According to the National Restaurant Association, an overwhelming 79 percent of consumers believe that technology-based ordering and payment options increase convenience, while 70 percent indicate that these systems increase order accuracy and speed. For restaurateurs, this can lead to significant boosts to operational revenue, as 35 percent of consumers say that these technology options sometimes make them choose one restaurant over another.
For Net Element, the launch of Restoactive is just the latest in a long line of moves aimed at facilitating sustainable growth in the future. Moving forward, the company will look to promote adoption of its new product while making headway toward the integration of its latest acquisition, PayOnline, into its domestic offerings. Following the elimination of more than $25 million in debt over the past two years, as well as the addition of $10.5 million of growth capital in May, Net Element is in a formidable position to continue progressing with its strategic goals of business expansion and improved profitability for the foreseeable future.
For more information, visit www.netelement.com
Please read full disclaimers at http://disclaimer.missionir.com
Net Element is providing over 500,000 restaurants throughout the United States with an innovative opportunity to update the performance of their point-of-sale systems without the need to replace existing restaurant management platforms. The company’s newest product, Restoactive, is an all-in-one mobile application that enables a collection of value-added offerings designed to increase customer satisfaction and improve operational efficiency. For restaurant operators, it’s the ideal tool for adopting modern, value-added technology solutions without the effort and expense required to remove and replace existing point-of-sale systems.
Restoactive is a first-of-its-kind platform created to seamlessly introduce popular features – including an all-in-one digital menu, kiosk and mobile point-of-sale application – into existing restaurant environments. By integrating compatibility with some of the world’s largest and most popular point-of-sale and restaurant management platform brands, Net Element ensured that its newest product is fully compatible with a significant portion of the country’s expansive restaurant industry.
Through the commercialization of Restoactive, Net Element effectively addresses some of the restaurant industry’s most popular technological updates. According to a report by Hospitality Technology, adding mobile point-of-sale capabilities is the number one reason that restaurant operators decide to upgrade their payment systems. However, Restoactive’s benefits go far beyond mobile payments. Net Element’s proprietary platform also promotes increased revenue by improving menu management, which has been shown to increase average order size, and enabling the operation of stand-alone kiosks, which promotes faster table turnover during peak hours.
According to the National Restaurant Association, an overwhelming 79 percent of consumers believe that technology-based ordering and payment options increase convenience, while 70 percent indicate that these systems increase order accuracy and speed. For restaurateurs, this can lead to significant boosts to operational revenue, as 35 percent of consumers say that these technology options sometimes make them choose one restaurant over another.
For Net Element, the launch of Restoactive is just the latest in a long line of moves aimed at facilitating sustainable growth in the future. Moving forward, the company will look to promote adoption of its new product while making headway toward the integration of its latest acquisition, PayOnline, into its domestic offerings. Following the elimination of more than $25 million in debt over the past two years, as well as the addition of $10.5 million of growth capital in May, Net Element is in a formidable position to continue progressing with its strategic goals of business expansion and improved profitability for the foreseeable future.
For more information, visit www.netelement.com
Please read full disclaimers at http://disclaimer.missionir.com
