#USA #New York #Olo #Third-Party Delivery #Linked Eats

Linked Eats Partners with Olo for Enhanced Restaurant Profitability

In a significant move for the restaurant industry, Linked Eats has been named a strategic partner by Olo, a leading technology platform designed for restaurants. This partnership aims to enhance profitability across third-party delivery services, addressing a growing concern for many in the sector.

The Growing Demand for Third-Party Delivery

As customer preferences shift increasingly towards food delivery, third-party delivery services have seen explosive growth—accounting for nearly 50% of total sales for numerous restaurant brands. However, this growth comes with challenges; high commission fees and fragmented reporting systems have complicated profitability management, leaving many restaurateurs scrambling for effective solutions.

Linked Eats, with its specialized SaaS platform tailored for restaurant profitability, is stepping up to the plate. By integrating their advanced system with Olo’s platform, they aim to streamline operations and assist restaurateurs in maximizing their profit margins.

Innovative Features of the Partnership

The combination of Olo’s robust restaurant technology and Linked Eats’ powerful AI-driven platform will provide users with the ability to reclaim lost revenue and optimize their delivery operations significantly. Among the features offered are:

1. Revenue Recapture: Linked Eats empowers restaurants to recover lost funds and provides comprehensive dashboard visibility, tracking disputes from error to payout.
2. Account Reconciliation: Their solution ensures precise accounting and gap analysis between various delivery platforms and Olo, simplifying a previously arduous process.
3. Marketing AI: The platform enables intelligent campaign analysis and efficient execution across third-party delivery service providers (DSPs).
4. Smart Pricing: AI tools for pricing optimization ensure that delivery menus are competitive and profitable.
5. Automated Uptime Monitoring: Continuous checks help prevent loss of sales due to downtime issues.

By managing over 40,000 storefronts, Linked Eats is positioned to provide real-time insights to financial and marketing teams. This capability allows restaurants to make informed decisions and continuously refine their delivery strategies.

Statements from Company Leaders

Robbie Earl, Co-Founder of Linked Eats, expressed enthusiasm about the partnership: “We are experts in third-party delivery and are committed to providing restaurants with the knowledge and tools needed to manage profitability in this crucial area. Working alongside Olo, we are set to redefine what operational efficiency looks like for restaurants.”

On the other side, Nolan DeCoster, SVP of Partnerships and Business Development at Olo, commented on the potential impact this partnership could bring: “By leveraging Linked Eats’ capabilities, restaurant brands can gain visibility and control over their third-party delivery profits, helping them retain a larger share of their earnings.”

About Olo and Linked Eats

Olo is a pioneer in restaurant technology, providing brands with solutions to increase orders and enhance guest experiences through seamless ordering and payment processes. Trusted by over 800 restaurant brands and equipped with a vast network of integration partners, Olo seeks to innovate continuously for the restaurant community.

On the other hand, Linked Eats has established itself as the leading SaaS platform focused on enhancing restaurant profitability on third-party delivery channels. With tools designed for revenue recovery and operational efficiency, Linked Eats is trusted by major brands and assists restaurants in transforming delivery into a scalable growth avenue.

Conclusion

This partnership between Linked Eats and Olo heralds a new era of efficiency in third-party delivery methods, providing vital support to restaurant operators. As the landscape of dining continues to evolve, maximizing profitability in delivery channels will be essential for success in the industry. Thus, this collaboration not only represents an innovative solution but also the future of restaurant profitability management.