Nextbite launched True Revenue, its restaurant solution that enables restaurants to easily reconcile and consolidate complex delivery service provider (DSPs) transactions. The Nextbite True Revenue solution integrates with the DoorDash Reporting API, announced today, providing restaurants with powerful reporting and in-depth analytics to optimize their menu and grow their business.
The Nextbite True Revenue solution collects all of a restaurant’s delivery service transactions (such as orders, rebates, and cancellations), reports from multiple DSPs into a standardized format, and then reconciles them together, producing a unified overview financial statement. It provides a streamlined tool for post-sales reporting and accounting from all online delivery service providers (DSPs). Created to work as a standalone product or with Nextbite’s Ordermark online ordering/delivery management platform, the True Revenue solution addresses a significant resource drain for restaurants currently forced to process each DSP separately post sales.
“We’re excited to launch our financial reporting solution that helps restaurants see an accurate and unified overview of their business,” says Paul Allen, co-president of Nextbite. “With True Revenue, restaurants now have full visibility into their off-premises business, and it eliminates the possibility of manual error, delivering a high degree of accuracy for grouping and reconciling large volumes of DSP transactions.”