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
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
