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Fourth Procurement and Inventory vs. Restaurant365

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Fourth Procurement and Inventory

    Score8 out of 10
    N/AFourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A

    Restaurant365

    Score7.4 out of 10
    N/ARestaurant365 in Irvine, California offers what they describe as a complete restaurant management solution; it is back office oriented and so includes accounting and payroll, workforce management, scheduling, food costing and inventory controls, as well as analytics and reporting. Finally, the vendor boasts easy connections with external systems (e.g. POS systems).

    $435

    monthly (billed quarterly) per location

    Pricing
    Fourth Procurement and InventoryRestaurant365
    Editions & Modules
    No answers on this topic
    Essential
    $435
    monthly (billed quarterly) per location
    Professional
    $635
    monthly (billed quarterly) per location
    Custom
    Custom Quote
    Offerings
    Pricing Offerings
    Fourth Procurement and InventoryRestaurant365
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Best Alternatives
    Fourth Procurement and InventoryRestaurant365
    Small Businesses
    No answers on this topic
    HotSchedules
    Score8 out of 10
    Medium-sized Companies
    No answers on this topic
    Jolt
    Score9.7 out of 10
    Enterprises
    No answers on this topic
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Fourth Procurement and InventoryRestaurant365
    Likelihood to Recommend
    7.4
    (4 ratings)
    10.0
    (1 ratings)
    Support Rating
    7.5
    (4 ratings)
    -
    (0 ratings)
    User Testimonials
    Fourth Procurement and InventoryRestaurant365
    Likelihood to Recommend
    HotSchedules and Fourth
    The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
    Incentivized
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    Restaurant365
    I think any business that needs to track its expenses and create a P&L and balance sheet could benefit from this program. Once you get the training on it, it really makes the whole thing a breeze, saves you time, and creates beautiful reports. I don't know any business that wouldn't need it. Maybe if your business is selling one thing, maybe it won't be worth it for you. I think the sales would need to back up the subscription price, so I would weigh that into the equation. But there is nothing R365 doesn't do. It does inventory, it does waste tracking, it gets into the nitty gritty of business.
    Incentivized
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    Pros
    HotSchedules and Fourth
    • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
    • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
    Incentivized
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    Restaurant365
    • Invoice tracking.
    • Expense tracking.
    • Sales tracking.
    • Labor tracking.
    Incentivized
    Read full review
    Cons
    HotSchedules and Fourth
    • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
    • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
    • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
    Incentivized
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    Restaurant365
    • Credit cards and banks don't always connect, so sometimes you have to manually import transactions or reconnect the bank.
    • When classifying transactions, the program can lag at times.
    Incentivized
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    Support Rating
    HotSchedules and Fourth
    Too long to get an answer.
    Incentivized
    Read full review
    Restaurant365
    No answers on this topic
    Alternatives Considered
    HotSchedules and Fourth
    No answers on this topic
    Restaurant365
    The sales integration and labor integration with our POS is really where it is light years better than QB. Quickbooks is good, but R365 is like QB on steroids. The drill down feature is fantastic, which QB doesn't have, and again, the sheer number of reports and customization is an asset. There is so much customization on R365 that I forgot to mention earlier on. And the level of support! You can go to their online support center and get answers so fast! You chat with a live person, not a bot, and they are real people giving you real answers.
    Incentivized
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    Return on Investment
    HotSchedules and Fourth
    • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
    • Integration: GL Integrations have increased the efficiency and quality of data.
    Incentivized
    Read full review
    Restaurant365
    • Accuracy! Accuracy all around.
    • Now we know exactly how much money we are making, rather than a roundabout guess based off a spreadsheet.
    Incentivized
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    ScreenShots

    Fourth Procurement and Inventory Screenshots

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