Human capital management firm Netchex and restaurant business management technology provider Delaget are teaming up to promote data integration for the restaurant sector, with a focus on payroll.
In a press release on Monday (March 25), the firms said their integration means restaurant owners and managers will be able to access higher-level analytics about their businesses and workforce. Netchex and Delaget are introducing a new solution that combines data from the point of sale (POS) and other systems. That information streams into Delaget's solution to clean and normalize data, which is then fed into the Netchex human capital management platform, Delaget's analytics tool and other third-party solutions.
Delaget's data management technology will enable restaurant professionals to gain deeper analytics of the data stored within Netchex's tool, including payroll, time tracking, tax and employee activity.
"Many of the best restaurant software companies already have integrations with Delaget, but we heard from our customers that they wanted more options when it comes to payroll and employee management," said Delaget CEO Jason Tober in a statement. "As a market leader, Netchex was an obvious choice.
"Customers using our combined solutions can confidently manage their employees throughout their lifecycle and better leverage their data for smarter decision-making at all levels of their organization," he added.
In 2017, Netchex struck another partnership with Cardplatforms in a deal that sees the payroll and corporate prepaid card solutions provider managing Netchex's payroll card program.
In their announcement, Netchex and Delaget pointed to the competitive nature of hiring and retaining talent as a key motivator of their partnership. In the broader market of ResTech (restaurant technology), key focuses for FinTechs include human capital management, scheduling, payroll and time tracking, while the rise of on-demand food delivery has introduced changes in restaurant hiring tactics to retain a greater volume of delivery workers.