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August 04, 2015 8:27 PM ET

Software

Company Overview of HotSchedules, Inc.

Company Overview

HotSchedules, Inc. provides mobile and cloud-based tools for restaurant, retail, and hospitality industries. It offers a labor management solution with reporting and forecasting capabilities that help restaurants schedule the right people at the right time and reduce labor costs; hiring, training, and back office solutions; digital and print task management solutions; Count, a mobile application for smartphones, tablets, and browsers that allows restaurants to count their on-hand inventory and queue orders for products that are below ideal quantities; and Bodhi, a platform as a service solution that allows clients to integrate data, as well as third party data. The company also provides solu...

6504 Bridge Point Parkway

Suite 425

Austin, TX 78730

United States

Founded in 1999

Phone:

512-219-1492

Fax:

512-382-8938

Key Executives for HotSchedules, Inc.

Chief Executive Officer, President and Director
Age: 49
Executive Chairman and Partner
Age: 53
Chief Financial Officer
Chief Operating Officer and Director
Senior Vice President and General Counsel
Age: 49
Compensation as of Fiscal Year 2015.

HotSchedules, Inc. Key Developments

HotSchedules Launches Count, a Mobile Inventory App for Small Restaurants

HotSchedules launched Count, a mobile application for smartphones, tablets and browsers that allows restaurants to efficiently count their on-hand inventory and queue orders for products that are below ideal quantities. Designed for independent and small regional restaurants, HotSchedules Count helps restaurants improve inventory accuracy, control foods costs, streamline ordering, and eliminate the use of complex spreadsheets and paper-based processes. Food costs often have the impact on restaurant margins, accounting for between 25% and 38% of total operating cost, according to Steven Buckley of Demand Media. However, small restaurants had poor options for managing inventory. Existing solutions were time consuming and costly to implement, overly complex, and incompatible with mobile devices, meaning users had to write down inventory on paper and then enter the values on a desktop computer. HotSchedules Count aims to address this gap in the market and save small restaurants from the time drain and inaccuracies of manual inventory management. Available on iOS and Android devices, HotSchedules Count allows restaurants to manage food and beverage inventory from a smartphone or tablet. Setup takes just minutes, versus weeks or months with other solutions, thanks in large part to Count's easy-to-use, drag-and-drop interface and its ability to import items from spreadsheets. Users can organize items by location and sub-location (e.g. freezer, dry storage, etc.), identify high cost or high loss items that needed to be counted more frequently, and set par levels for each product. Count can also be customized to each individual restaurant and can import catalogs from vendors to ensure that all items and prices are accurate. The Count interface supports multiple time frames (spot, daily, weekly and monthly), all common units of measurement, counting by location, and the ability to count offline and sync the data later. In addition, users can review totals by category and location, compare on-hand inventory versus par, and queue up a purchase order by simply completing the count. The application can also export inventory lists or purchase orders to a spreadsheet and then email them to the user.

Hotschedules Introduces Reveal, the Most Comprehensive Mobile App for Restaurant Analytics

HotSchedules® launched HotSchedules Reveal, the most comprehensive mobile app for restaurant analytics. Combining data from a myriad of sources, including POS systems, HotSchedules and any other in-store, above-store and near-store sources, Reveal makes KPI's on sales, transactions, inventory, labor, social media, weather and more all available natively on a smartphone, tablet or browser. Reveal will help restaurant managers understand their performance in real-time and take action when it matters most. HotSchedules Reveal was designed to remove these blind spots so that restaurants can increase sales, reduce operational costs and seize opportunities. Reveal delivers a restaurant's key performance indicators (KPIs) all in one mobile app so that managers, owners and franchise operators can make data-driven decisions on-the-fly, across all their stores. HotSchedules Reveal delivers unique KPIs spanning all areas of restaurant operations. Users can look at current and historical performance data on a daily, weekly or monthly scale, and even drop down to 15-minute intervals for play-by-play detail. HotSchedules Reveal supports multiple languages and currencies, and the app is fully extensible, meaning users can add custom KPIs or data sources to the application without needing to wait for product updates or changes. HotSchedules Reveal currently supports data from Aloha and Compris POS systems and will expand to a broad range of POS vendors.

HotSchedules Inc. Completes a $20 Million Financing

HotSchedules Inc. has completed a $20 million financing that includes a credit facility. The company completed the deal one month after dropping its original name, Red Book Connect Inc., and adopting the name of its restaurant scheduling application product. HotSchedules closed on the financing with Bridge Capital Holdings.

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