Heartland Payment Systems (NYSE: HPY), one of the nation's largest payments processors, is partnering with Restaurant Magic Software ― the creators of Data Central ― a leading back-office intelligence and management system for restaurants.
Together, Restaurant Magic and Heartland will provide regional and national chains with a variety of operational and financial management tools - including inventory management, food-cost analysis, budget planning, menu engineering, workforce management and enterprise reporting - that can be customized to their exact requirements. Independent operators will benefit from similar packaged offerings specifically designed for their needs. In addition, Restaurant Magic's enterprise-class technology will be fully integrated into Heartland's state-of-the-art payroll processing platform.
According to Sanford Brown, chief sales officer at Heartland, the resultant comprehensive back-office management system will help deliver quantifiable improvements - such as lower costs, streamlined operations, reduced labor expenses and positive bottom lines - to restaurant owners.
"We recognize the tremendous value of Restaurant Magic's solution and the essential business intelligence it provides busy restaurateurs - enabling them to spend more time focusing on their core businesses - their food and their guests," said Brown. "We are excited about this partnership which expands our previous offerings and brings added value to owners who are looking for streamlined ways to more effectively manage their finances and operations."
Drew Peloubet, chairman of Restaurant Magic, noted, "Restaurant Magic's mission is to deliver the best software and service to the hospitality industry, providing the right information to the right hands at the right time to help business owners prosper. Heartland's dominance in this marketplace - complemented by its sales and servicing force of 1,700 - enables us to help more institutions across the country."