SpotOn announced the launch of SpotOn Profit Assist, the first AI-powered tool built specifically to help restaurant operators automate profit and loss (P&L) analysis and take greater control of rising costs. With inflation persisting and consumer spending under pressure, independent restaurant operators are being asked to do more with less. SpotOn Profit Assist arrives at a critical moment for restaurants, offering clear, actionable recommendations for operators and accountants to reduce expenses and protect margin — without requiring hours of manual spreadsheet analysis.
Purpose-built for restaurants, Profit Assist connects with popular accounting platforms like QuickBooks Online, Xero and Restaurant 365 to automatically analyze a restaurant’s P&L, identify spending anomalies, and surface tailored cost-saving opportunities. For multi-unit operators, the tool will benchmark performance across locations. For independents, it will compare financials against similar restaurants, making sure no one’s flying blind.
SpotOn Profit Assist is already saving restaurants an average of 4.3% in total costs — a meaningful lift for operators balancing high food prices, unpredictable labor, and fluctuating demand. With economic uncertainty likely to linger, the ability to make smarter, faster financial decisions can be the difference between staying afloat and thriving.
“It’s like having a financial advisor built into my POS,” said Khara Mangiduyos of Kalei’s Kitchenette. “I don’t have to wait until the end of the month—I get real-time insights that help me make smarter decisions every single day.”
As part of SpotOn’s commitment to bringing AI across its product ecosystem, Profit Assist helps restaurants:
- Access a full, AI-analyzed P&L by integrating with their accounting software
- Uncover hidden cost-saving opportunities by looking at anomalies month over month and providing clear, specific recommendations
- Take greater control of margins and make confident, data-driven decisions
- Forecast labor and revenue more accurately with predictive insights
“Restaurants are and always have been a tight margin business, so understanding and actively managing costs is an industry wide need,” said Bryan Solar, Chief Product Officer at SpotOn. “Finding the free time to analyze each cost in a mountain of data is a real challenge. Profit Assist pulls together the numbers that matter — not just the dollars coming in, but the dollars going out — and turns them into clear, actionable insights so they can make smarter decisions with confidence.”
Profit Assist follows SpotOn Marketing Assist that creates and sends personalized campaigns based on real-time guest data. With Marketing Assist and Profit Assist, SpotOn is helping restaurants take control of what they can, so they can focus on what matters: serving great food, delivering great hospitality, and building resilient businesses.
Operators can learn more and join the Profit Assist waitlist at spoton.com/profit-assist-waitlist.
