Peiso

🎉 PEISO VENUE SPOTLIGHT 🎉 This week, we're absolutely delighted to welcome Loft Byron Bay into the Peiso family! Nestled just steps away from the iconic Main Beach and perched above the lively Jonson Street and Bay Lane, Loft Byron Bay is a chic Cocktail Bar & Restaurant. It offers a luxurious setting that perfectly captures sun-drenched views and the quintessential Byron Bay vibe. With a focus on local produce, expertly crafted cocktails, a wide selection of beers, and an atmosphere that truly embodies the spirit of Byron Bay, it's the ideal spot to unwind with family and friends. #LoftByronBay #Cocktails #Peiso #ByronBay

🎉 PEISO VENUE SPOTLIGHT 🎉 Welcome to the Peiso family SODA! Soda offers a bustling atmosphere and full-flavoured dishes with modern interpretations of Mediterranean-inspired cuisine. A generous venue with a choice of seating options, take your pick from the lakefront al-fresco area, the Rees Street covered balcony or our main inside restaurant and bar area for you to settle in, watch the sun go down or get carried away into the night. A place where you can come as you are and leave feeling invigorated. The well-appointed wine and cocktail menu fuels the congenial buzz. Not just a place, but a vibe. There is no better place to find joy than at a SODA table. #SODA #RepublicHospitalityGroup #Peiso #NZ

🎉🎉🎉 New Partnership Announcement! 🎉🎉🎉 We’re thrilled to share that Termina has partnered with Peiso, a cutting-edge analytics platform revolutionising hospitality businesses. Peiso provides real-time, detailed performance insights, helping venues track their progress against clear targets and pinpointing what’s needed for success. Together, Termina and Peiso are empowering businesses to cut operational costs while leveraging actionable data to drive growth. We can’t wait to see the incredible work and businesses we’ll collaborate with moving forward!

In recent years hospitality has seen a mass migration of skilled employees away from the hospitality workforce. Not only do we have far fewer experienced staff and managers, new and emerging managers lack the support infrastructure to learn and grow from those around them. This has left a gaping hole the industry struggles to fill. Good staff are now often thrust into management roles, with little safety net, demanding far more from remaining Managers, who pick up the missing pieces. Or those Managers are left to fend for themselves. Peiso solves that problem. By empowering the junior management of today to make better decisions and build the teams of tomorrow, Peiso's analytics and reporting enables even novice managers to make savvy, veteran-level decisions. Peiso is a digital safety net, ensuring junior managers, and managers of all levels, have immediate access to the key information they need to thrive. 

🎉 EXCITING ANNOUNCEMENT 🎉 Peiso is excited to introduce our partnership with Termina. Termina's mission is to reduce transaction costs in the commercial energy market with a smarter procurement and management platform that connects businesses with the best supply options that match demand automatically. Additionally, their platform allows multi-site businesses to manage everything energy on a single platform, as well as offering the ability to track individual equipment's energy consumption and set accurate budgeting to each location. Termina help companies to navigate complex energy products, reduce costs, and unlock value while reducing emissions. #Peiso #Termina #CommercialProperty #ReducePowerCosts

🎉 PEISO VENUE SPOTLIGHT 🎉 This week we are thrilled to be welcoming DarkLab - In The Hanging Gardens, another amazing, iconic venue joining our Peiso family. DarkLab is part of the world-famous "Museum of Old and New Art (MONA) Group, founded in 2016 by David Walsh, one of Australia's greatest Entrepreneurs, with Creative Director Leigh Carmichael. In addition to producing the Dark Mofo festival each year, which includes the legendary winter swim in the Derwent, they work with a range of collaborators on cultural and commercial developments in Australia and internationally and operate a number of venues in the Hobart CBD. Encompassing some of the city’s finest venues, In The Hanging Garden blooms with life, day and night. Connected via a network of intimate and vibrant laneways in the centre of Hobart’s CBD, In The Hanging Garden includes some of the city’s finest music venues, as well as an extensive beer garden with satellite kitchens and bars. A place to hang out and enjoy the view and get your fix of seasonal Tassie food, wine and beer in lush surroundings. Enjoy sun-kissed live music sessions with acoustic sounds and soulful singer-songwriters, and a fresh summer cocktail menu available every day from their garden bars. Get ready to groove to electrifying DJ sets in The Cathedral, an impressive 18-meter-tall structure. Dive into Hobart's rich history at the Odeon, an iconic theatre built in 1916 that remains a dynamic hub for live music. Meanwhile, the Altar Bar offers a multi-level retreat where you can enjoy affordable drinks and catch regular performances from both local and touring artists. Hidden amongst all this you will also find Music Without Frontiers, a record store brimming with rarities and treasures. This is simply a Must See experience, in a State of wonderous adventures and culinary experiences. Darklab is an exemplar of the cutting-edge, industry leading venues that continue to flock to Peiso, and a terrific way to kick-off 2025 with. #DarkLab #InTheHangingGarden #Peiso #Hobart

Peiso is a revolutionary analytics platform that empowers venues unlike ever before. Traditional analytics and management practices offer a retrospective view, providing insights only after events have transpired. Peiso, however, provides real-time, granular views of venue performance, contrasting it against clearly defined targets. Based on end-of-week targets, Peiso outlines what needs to be achieved for the business to thrive. 

Number 1. Did you know that Cost of Goods Sold (COGs) is one of the most misunderstood metrics in hospitality? Few metrics require context more than COGs, the cost of the ingredients of a menu item. As an industry, we measure them weekly and create a "set and forget" KPI for our kitchens and bars. However, we often overlook that COGs are merely the average of your ingredient costs and treating it as a stand-alone target is not ideal. Let's dive into why this is a terrible idea. COGs will vary with every service, not just every day or week. Menu items do not have a consistent margin across a menu, so whichever item is popular in a service will dramatically change the result. For example, many proteins, like red meat, struggle to have low COGs due to their price cap, often ranging between 40% and 45%. An evening with a run on steak could seem to ruin a restaurant's profit, right? Not exactly. Though the percentage of COGs is high, the actual profit made from each dish is high as well (as a dollar amount). Importantly, labor cost declines (as a percentage of revenue) due to the higher Spend per Head (SPH). This adds the demand of understanding labor performance into the context of a daily result. If you do not see a reduced labor percentage as COGs climb, productivity has declined. What is more important is your venues control processes; including wastage, portioning, theft, and errors. These must be accounted for every day. At Peiso, we recommend viewing COGs as part of a triad of key information, along with Labor and Spend per Head, and as a number, not a percentage alone. This approach will help you achieve sustained success and better manage your costs. By understanding COGs in context, you can significantly improve your restaurant's profitability. Take control of your profitability with Peiso to learn more about how you can optimize your restaurant's profitability. #restaurantprofitability #resultsnotillusions peiso.com.au

Here's why your hospitality venue needs Peiso in 2025: Real-Time Performance Tracking ·      Constant feedback on revenue, labour, and profitability targets ·      Empower staff to identify and address issues quickly Automated Forecasting and Rostering ·      Forecast revenue and automatically cost out staff schedules ·      Ensure labour budgets are aligned with expected sales Intelligent Decision Support ·      Analyse data and provide recommendations to improve profitability ·      Help less experienced managers make more informed decisions Comprehensive Reporting ·      Automate end-of-day reporting on sales, labour, inventory, and more ·      Provide detailed insights to track performance against targets Seamless Integrations ·      Connect directly with POS, scheduling, and accounting systems ·      Ensure Peiso has a complete, accurate picture of your business

We are excited to announce an expanding partnership in to inventory management software with Supy. Supporting our partnership with Zeus Street Greek expanding upon our analytical insights - to include COGs & purchasing data.