PAR Technology’s Punchh Launches Innovative Subscription Solution for Restaurants and Convenience Stores
Leading loyalty software adds recurring payment functionality to suite of restaurant technology solutions
New Hartford, NY (RestaurantNews.com) ParTech, Inc. (PAR)a global restaurant technology company and unified commerce builder for corporate restaurants, today announced that its industry-leading loyalty software punchh® now offers company restaurants and convenience brands a way to launch and manage a subscription program.
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 industries, growing 89% year over year and grossing over $105 million annually. With Punchh’s new subscription offering, restaurant brands of all sizes can capitalize on the subscription revolution and maximize customer loyalty, engagement and satisfaction. The model’s customizable subscription platform drives recurring revenue and incentivizes frequency, leading to lifetime loyalty for a restaurant brand.
Additionally, Punchh Subscriptions seamlessly integrates with mobile apps and online ordering solutions. The new offering offers 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 expenses using recurring product offers that encourage upsells and incentives to customers who frequent a location on a more regular basis.
- Increase in frequency through connections made with customers at every point of interaction using sequential logic that makes it easy to personalize and deliver unlimited personalized campaigns.
- Reward loyalty with simple, effective and exclusive offers that target the most loyal customers and support them throughout their buying cycle.
- Generate spend with recurring subscriptions that encourage upsells and encourage customers to frequent your locations more regularly.
“We are excited to launch Punchh Subscriptions as we continue to revolutionize loyalty in the restaurant and convenience industries,” said PAR President and CEO Savneet Singh. “Restaurant brands that integrate Punchh subscriptions into their existing systems can now choose the right model and method to meet their specific needs. We look forward to bringing this product to market and changing the way restaurants and convenience stores approach customer experience. »
More than 250 global corporate brands, including Yum! Brands (NYSE: YUM), Fazoli’s, TGI Friday’s and Casey’s (NASDAQ: CASY) rely on Punchh to increase revenue by building relationships with their customers. To learn more about Punchh’s loyalty offers and engagement platform, visit partech.com.
About PAR Technology
For more than 40 years, PAR Technology Corporation’s (NYSE ticker: PAR) industry-leading products and services have helped bold, passionate restaurant brands build lasting relationships with their customers. We are the business partners restaurants rely on when they need to serve incredible times from opening to closing, during the most hectic peak hours, and when the world forces them to adapt and overcome. More than 100,000 restaurants in more than 110 countries use PAR’s point-of-sale, loyalty, payment, digital ordering and back-office software solutions, as well as industry-leading hardware and drive-thru offerings. industry. To learn more, visit www.partech.com or join us on LinkedIn, Twitter, Facebookand instagram.
Christopher R. Byrnes