Online Order Management Firm Nextbite Launches Restaurant Financial Reconciliation Tool

Nextbite has announced a reconciliation tool to help restaurants out with their delivery businesses, with a financial services solution to help out with complex DSP transactions, a company press release said.

The tool will help address the resource drain and potential for errors for restaurants that use multiple systems and providers to source reports.

The Nextbite Reconciliation tool will collect a restaurant’s delivery service transactions, including orders, rebates and cancellations, along with reports from multiple DSPs into a standardized format, and then will reconcile them together for a “unified overview.”

The release notes that restaurants have been having to adapt to a delivery-only model, and Nextbite’s work is intended to help out with scaling and expanding delivery businesses for those restaurants.

The release says Nextbite created the Reconciliation solution as its own business grew in scope.

“The off-premises business is booming, and most restaurant organizations have accounting teams devoted to handling DSP reconciliations manually, which is extremely cumbersome and challenging” said Alex Canter, CEO of Nextbite. “With our new solution, restaurants have full visibility into a restaurant’s 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.”

PYMNTS wrote about another company, Tortoise, which works on providing robotic solutions for last-mile delivery for grocery and general retail, is now working on providing automated mobile shops that can act as “roving vending machines.”

See more: Last-Mile Delivery Firm Tortoise Turns to Mobile Vending Machines

There’s been a rise in self-service adoption in the last few years, with consumers looking for ways to buy that “put them in the driver’s seat.”

Nextbite was one of the food and convenience retail customers signed onto the launch.

According to Dmitry Shevelenko, Tortise had been seeing robots parked at stores and people would “would walk up to them and start talking to the robot and expect to be able to interact with it.” He said the people thought they could buy things from the robot.