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April 21, 2015 2:44 AM ET

Internet Software and Services

Company Overview of Avero, LLC

Company Overview

Avero, LLC provides cloud-level business intelligence and performance management solutions for the hospitality industry. It offers Slingshot, a business intelligence platform with service optimization, food cost reduction, labor cost identification, sales optimization, and theft prevention benefits; Single Server Mentoring, a performance management solution that is designed to help front-line operators drive same store sales by improving the productivity of underperforming servers; and Avero Loss Prevention, a solution designed to detect and thwart abnormal transaction behavior, fraud, and theft. The company also provides implementation, product support, online training, technical support, a...

235 Park Avenue South

7th Floor

New York, NY 10003

United States

Founded in 1999





Key Executives for Avero, LLC

Founder and Chief Executive Officer
President and Chief Financial Officer
Age: 43
Chief Operating Officer
Age: 66
Director of Product Development
Director of National Sales
Compensation as of Fiscal Year 2014.

Avero, LLC Key Developments

Avero Announces the Launch of Avero Loss Prevention

Avero announced the launch of Avero Loss Prevention, an innovative solution designed to detect and thwart abnormal transaction behavior, fraud, and theft in restaurants. Based on over 14 years of industry experience, Avero Loss Prevention is built on the intelligent analytics engine and combines innovative multi-level analysis with seven patent-pending fraud watches that alert restaurateurs of abnormal and fraudulent activity daily. Current products on the market focus on check-level detail to provide fraud analysis. Avero Loss Prevention monitors checks but also analyzes employee patterns, peer comparisons, and historic trends to highlight and rank order employees with the most alerts. Managers can quickly understand where to prioritize their time on investigation. Plus, the solution has comprehensive communication tools built right in to ensure proper accountability and documentation of cases that are created. To date, over 20 restaurants, hotels, and casinos across the country are already using Avero Loss Prevention. Beta customers have reported achieving ROI positive results within the first four months of using the product and have changed policies, procedures, and controls because of it. Read more about Avero Loss Prevention and ways to combat restaurant fraud.

Wolfgang Puck Worldwide Partners with Avero to Access Powerful Restaurant Finance and Operator Solutions

Avero announced a partnership with Wolfgang Puck Worldwide to roll out Avero Slingshot and Avero Flash solutions across all of the company's 30 restaurants worldwide. Wolfgang Puck Worldwide, renowned for innovative cuisine and refined service, plans to utilize Avero Slingshot's full suite of solutions to drive restaurant profits and save time for their managers, chefs and finance teams.

Avero Partners with BinWise to Automate Beverage Inventory Management

Avero announced an innovative partnership with BinWise that makes managing beverage inventory and accessing beverage performance insights simpler and more accurate than ever before. Historically, restaurateurs were forced to manage beverage inventory and update wine and beverage lists manually. The solution provided by Avero and BinWise now automates that process, ensuring the most up-to-date beverage inventory every day and providing restaurant managers with invaluable insights on wine, liquor, beer and sake sales and performance. This process saves restaurateurs significant time and gives them peace of mind about accuracy in their inventory levels and sales information. Avero Slingshot is the insights platform for renowned hospitality establishments including Four Seasons Hotels and Resorts, Union Square Hospitality Group, Michael Mina Group, and Caesars' Entertainment. The platform has proved invaluable for over 4,000 locations worldwide. BinWise provides wine management solutions to the restaurant groups like the Union Square Hospitality Group, Michael Mina Group and the Alta Marea Group with a user base that includes over 200 of the Wine Directors and Sommeliers in the country.

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