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Every business in the hospitality industry needs to plan its beverage inventory well, monitor it, and replenish it as needed. Bottles must be counted regularly and customer behaviors and sales trends must be kept in mind when curating offers. All of these tasks can be made easier when using the right beverage inventory management software.
If you are searching for a beverage inventory system that will help you streamline the operations of your bar or restaurant business, you have landed on the right page. In this blog post, we will break down the features of the Bevager and BinWise platforms. We will compare the different functionalities and how you can use the software.
Both platforms have the same purpose but they have their advantages and disadvantages. When you are choosing the right type of software for your specific business, it’s important to know all the details before you start making monthly payments. Actually, the setup process and the way you pay for the platform can be a factor when deciding which one to choose!
Bevager vs. BinWise: Do We Need to Compare?
Yes, we do. If you want to choose a platform that will ease the operations of your business, you need to compare. Through the comparison, you are going to see how the Bevager beverage management app can be used, as well as the BinWise software. You will learn about their pros and cons and will identify which one will meet your needs better.
Bevager Functionality and Features
Bevager is a bar inventory and purchasing management platform. It’s designed to help businesses lower their pour cost, save time when taking inventory, and help monitor the total cost of the business’ beverage program.
The Bevager inventory platform combines inventory, invoicing, and ordering with analytics. This gives the customer greater control over their bar program. The platform has various features to make this possible and we have broken them down in the following paragraphs.
1. Digital Ordering with Bevager
Bevager makes it possible to order from your existing inventory. You can set alerts for low inventory and build automated orders. It’s possible to place new orders to all your vendors in a single cart, too.
2. POS and Accounting Platforms Integration
Being able to integrate the inventory management system with POS systems will make things much easier. You will be able to track your sales revenue and run a perpetual inventory. If you choose to use Bevager, you will be able to integrate their platform with over 60 point-of-sale systems and accounting platforms.
3. Digital Invoicing with Bevager
Bevager helps digitize your invoices, add new items to the inventory, and send the GL coded bill directly to the accounting software you are using. Once an invoice is received, the platform will automatically match it to accounting GL codes and managers will be able to set approval flows.
The restaurant manager can simply scan or take a picture of an invoice and Bevager will do the data entry process.
4. Purchase History with Bevager
If you are running a larger bar, restaurant, or even a hotel, you are probably interested to know how many invoices you can store. When using Bevager, you will have unlimited invoice storage. You can view all your invoices at any time and on any device.
5. Product History
If you want to see product history and information, you can do that with Bevager. You can also check purchase price changes and the average purchase price. It’s a helpful function when you want to monitor costs and possibly cut some unnecessary spending.
6. Reports on Category Levels
With Bevager, you will receive reports on your inventory once the audit is complete. You can monitor the purchasing analytics over time or in real time, which can help you improve your menu and business.
What to Expect from BinWise
Now that we have looked into Bevager and what they bring to the table, it’s time to talk about BinWise. The latter is also a beverage inventory management platform that can help business owners streamline operations, optimize inventory and costs, and increase their profit. Using such a platform is a must in this modern day and age when everything is moving so fast and it’s quite easy to fall behind the competition.
BinWise can save up to 85% of your time that would otherwise be spent doing manual inventory. Counting errors will be eliminated once you start using reliable inventory software. It’s much easier to run a profitable beverage program when you have a powerful tool to help you simplify and streamline processes.
1. Digital Ordering with BinWise
BinWise allows you to order online the items needed for your beverage inventory. This feature helps to simplify and automate the ordering process, ensuring accuracy, efficiency, and better inventory management.
2. Digital Invoicing
Another great functionality that you can use when you sign up with BinWise is digital invoicing. You can drastically reduce the paperwork because the platform will keep a record of all your purchases and export them to your accounting system.
3. Product and Purchase History
When using BinWise, you will have access to all previous archived scans of purchases. The user can access the information of who sent them and when. BinWise keeps track of all your purchases and sales and you can see everything by time, week, and month.
4. Integration with POS Systems
BinWise can be integrated with over 50 different POS systems. This allows importing data into the platform for more in-depth reporting and analysis. The information from the POS system can help make important business decisions for the further development of your bar or restaurant.
5. Reports and Analytics within BinWise
With BinWise, you get detailed reports that will allow you to make important decisions and increase the profit of your business. You get a Variance report that ensures you are accounting for all that you sell, break, or deplete from your beverage inventory. The SmartView report will let you know what you have sold and for how much.
Last Dat Sales report will help you stay on top of your final bottle count and inventory value when each period ends. Last but not least, with BinWise you will get an Inventory report where you will see how long items have been sitting in your storage and allow you to run promotions to rid of dead stock. As a result, you will be able to replace the deadstock with high-margin and fast-moving items that will help increase profit.
6. Managing Storage Areas
With BinWise, you can manage separate counts of larger locations within a multiple storage area and generate individual reporting. You can scan multiple inventory locations and send via Wi-Fi to BinWise for processing and reconciliation.
7. Item Level Reporting
When using BinWise, you can spot-check your perpetual inventory by reviewing the Daily Sales Requisition report that details the previous sales. You can also get daily, weekly, and monthly theoretical cost percentages for wine (both bottle and by-the-glass wine), liquor, and beer. It’s possible to optimize your item costs with a robust Recipe function for your wine flights, signature drinks, and classic cocktails.
Frequently Asked Questions about Bevager vs. BinWise
There is plenty to know about both platforms and lots of consider when it comes to finding the perfect fit for your business. However, there are a few questions that many people surely ask and we want to give you the answer. Here’s what else you need to know!
Where Are Bevager and BinWise Available for Download?
BinWIse is free to download at the AppStore and can be used on all iOS devices. Bevager can be downloaded from Google Play and the AppStore and can be used on both iOS and Android.
How Do Bevager and Binwise Compare in Terms of Features?
Both Bevager and BinWise offer a range of similar features tailored to beverage management. These include inventory tracking, digital ordering, sales analytics, and reporting. However, BinWise is often noted for its extensive integration capabilities with other software systems and its robust reporting tools. Bevager is appreciated for its user-friendly interface and ease of use, making it accessible for businesses of all sizes.
Which Platform Is More Cost-Effective?
The cost-effectiveness of Bevager versus BinWise depends on the specific needs and size of your business. Bevager tends to be more affordable for smaller businesses or those just starting with beverage management software. BinWise, while potentially more expensive, offers more advanced features and integrations that can provide greater value for larger or more complex operations.