PAR Technology’s Punchh® Launches Innovative Subscription Solution for Restaurants and Convenience Stores
01 November 2022 - 12:30PM
Business Wire
Leading loyalty software adds recurring payment
feature to suite of restaurant technology solutions
ParTech, Inc. (PAR), a global restaurant technology company and
builder of unified commerce for enterprise restaurants, announced
today that its industry-leading loyalty software Punchh® is now
offering enterprise restaurants and c-store brands a way to launch
and manage a subscription program.
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In the United States, households maintain an average of 10
subscription services per month, ranging from streaming music to
delivery options. The food and beverage category is one of the
fastest growing sectors increasing 89% year-over-year and totaling
over $105 million dollars annually. With Punchh’s new subscription
offering, restaurant brands of any size can capitalize on the
subscription revolution and maximize customer loyalty, engagement,
and satisfaction. The model’s customizable subscription platform
drives recurring revenues and incentivizes frequency, leading to
lifetime loyalty for a restaurant brand.
In addition, Punchh Subscriptions integrates seamlessly with
mobile apps and online ordering solutions. The new offering
provides unique features, including subscription tracking, renewal
processing, automated renewal marketing messaging, customer
targeting, and custom analytics that track impact and ROI.
With Punchh Subscriptions, restaurant brands can achieve a
variety of results, including:
- Driving Spend by utilizing recurring product offerings
that encourage upsells and incentives to customers who frequent a
location on a more regular basis.
- Increasing Frequency through connections made with
customers at every interaction point by using sequential logic that
makes it easy to customize and deliver unlimited personalized
campaigns.
- Rewarding Loyalty with simple, effective, exclusive
offers that target the most loyal guests and nurture them along
their purchasing cycle.
- Drive Spend through recurring subscriptions that encourage
upsell and incentivize customers to frequent your locations on a
more regular basis.
“We’re very excited to launch Punchh Subscriptions as we
continue to revolutionize loyalty in the restaurant and convenience
store sectors,” said PAR President and CEO, Savneet Singh.
“Restaurant brands that integrate Punchh Subscriptions with their
existing systems can now choose the right model and method to fit
their specific needs. We’re eager to introduce this product to the
marketplace and change how restaurants and convenience stores
approach the customer experience.”
More than 250 global enterprise brands, including Yum! Brands
(NYSE: YUM), Fazoli’s, TGI Friday’s, and Casey’s (NASDAQ: CASY)
rely on Punchh to grow revenue by building customer relationships.
To learn more about the Punchh Loyalty Offers and Engagement
Platform, visit partech.com.
About PAR Technology For more than 40 years, PAR
Technology Corporation’s (NYSE Symbol: PAR) cutting-edge products
and services have helped bold and passionate restaurant brands
build lasting guest relationships. We are the partner enterprise
restaurants rely on when they need to serve amazing moments from
open to close, during the most hectic rush hours, and when the
world forces them to adapt and overcome. More than 100,000
restaurants in more than 110 countries use PAR’s restaurant
point-of-sale, loyalty, payments, digital ordering and back-office
software solutions as well as industry leading hardware and
drive-thru offerings. To learn more, visit partech.com or connect
with us on LinkedIn, Twitter, Facebook, and Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221101005318/en/
Christopher R. Byrnes (315) 743-8376 chris_byrnes@partech.com,
www.partech.com
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