Product: Compeat Advantage
Compeat Inc., a provider of restaurant software and integrated business management solutions, added Compeat Pay to Compeat Advantage, its restaurant accounting platform. Designed to help restaurant owners and managers reduce costs and improve efficiencies, the automated bill payments solution replaces manual bill systems with a range of automated bill payments options, including check, automated clearing house (ACH) and virtual credit cards, company representatives stated.
"We could not be more thrilled about finding a way to solve one of the restaurant industry's biggest pain points," said Jeff Stone, CEO at Compeat. "It has also changed the way that we pay vendors within our own company."
"Compeat Advantage now has integrated bill payments," added Clint Blaylock, vice president of payments at Compeat. "We've taken stuffing envelopes, buying stamps and other inconveniences of manual bill payment systems off of the restaurant owner's plate."
Blaylock additionally noted that Compeat Pay has no setup, implementation or recurring monthly fees for qualified Compeat Advantage customers. The Compeat Pay solution is fully integrated with customer banks to facilitate secure, accurate and fully automated bill payment processing. He noted the service provides the following features and benefits:
"We build the Positive Pay file for our customers and make it easy for them," Blaylock said. "When our customers realized that we would automate Positive Pay for them, they initiated the process with their banks."
Blaylock noted that Compeat Pay enhances a client's current payment flow while leaving existing systems intact. Compeat Advantage, specifically built for restaurants, gives customers control of their operations and bottom line. The solution helps restaurateurs manage every detail of their business, he stated. By integrating inventory, labor, scheduling and bill payments into one single-access platform, Compeat Advantage is a central hub designed to simplify restaurant management.
Additional benefits include comprehensive audit trails, enhanced security, paperless option with full scanning capability, consolidated reporting options using inter-company capabilities, and convertible purchase order and invoice imports designed to reduce data entry.
"Compeat currently works with an array of leading restaurant industry specialists, including ISOs, ISVs, VARs and third-party service providers," Blaylock said. "We also offer vendor management solutions to help our sales channel and distribution partners efficiently manage customer-to-vendor communications.
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