Nory and SumUp Team Up for Comprehensive Financial Insights in Hospitality
Nory, the AI-powered operating system designed for the hospitality sector, formed a partnership with SumUp, a provider of electronic point-of-sale (ePOS) systems offering both hardware and software solutions for processing customer payments.
This collaboration furnishes hospitality enterprises with a unified platform to scrutinise real-time sales and financial data, enabling clients to comprehend their performance across past, current, and future periods through Nory’s AI sales forecasting.
By merging Nory’s analytics with SumUp, users gain access to precise financial metrics, including transaction history, sales data, revenue, budgets, and profit margins, from a single, centralised hub. The system also presents historical, ongoing, and prospective performance insights, empowering clients to leverage demand and sales forecasting, alongside labour modelling and auto-scheduling. This approach minimises the risks of under or overstaffing.
SumUp offers versatility and affordability, with various remote payment solutions like invoices, gift cards, and payment links. Its range of POS system choices delivers diverse features, functionalities, and pricing options. Additionally, SumUp makes available hardware starting at £49 and transaction fees from as low as 0.99%, simplifying the transaction process for all types of hospitality businesses.
The integration of Nory and SumUp systems ensures that hospitality businesses have comprehensive insight into their financial wellbeing at their disposal. This facilitates swift, strategic operational decisions, enhancing efficiency and fostering sustainable growth.
Conor Sheridan, Founder and CEO of Nory said: “We are delighted to be joining forces with SumUp to provide greater visibility across restaurant performance. This collaboration propels Nory into the heart of seamless financial management, providing businesses with an unparalleled platform to harness the power of AI-driven analytics. In a sector where margins can be so tight, being able to use data to accurately predict stock and staffing levels can make a huge difference to hospitality’s bottom line. Our partnership reflects our commitment to revolutionising how hospitality businesses operate, fostering efficiency, and paving the way for sustainable growth in the dynamic landscape of this sector.”