AI Sales Forecasting Tool

What is the use for 5-Out?

5-Out helps restaurant owners maximize profits by predicting the restaurant's future demand and providing real-time insights about labor scheduling and inventory purchasing.

How does 5-Out work?

5-Out utilizes AI and next-gen Machine Learning to analyze the restaurant's internal data (historical sales, reservations, etc.) and external data (weather, traffic, local events, etc.). Based on the analytics, 5-Out can predict future demand with up to 98% accuracy and then offer real-time insights about labor scheduling and inventory purchasing.

Who could benefit most from 5-Out?

Restaurant owners, managers, operators.

What is 5out.io?

5-Out is an AI-driven restaurant forecasting tool designed to elevate restaurant profitability. It swiftly integrates data from various systems, including Point of Sale, labor scheduling, purchasing, inventory, weather, social media, ordering, news, and events, within a mere 5 minutes. Through advanced machine learning and predictive analysis, it generates real-time sales forecasts with up to 21 days' advance notice, empowering businesses to make informed decisions. With its ability to offer recommendations for staffing and purchasing based on predictive insights, along with the provision of lookback reports to track performance and projection accuracy, 5-Out ensures seamless integration and ease of setup without the need for extensive onboarding.

How much does 5out.io cost?

5-Out provides an annual subscription priced at $1780. This AI-driven restaurant forecasting software aims to enhance restaurant profitability by automating intelligent decisions through predictive analysis and real-time recommendations.

What are the benefits of 5out.io?

5-Out presents numerous advantages for restaurant owners and managers:

1. Profit Maximization: By forecasting sales and optimizing labor and purchasing, 5-Out aids in maximizing profitability.

2. Data Integration: It seamlessly integrates data from various systems already in use, including Point of Sale, labor scheduling, inventory, and more.

3. Predictive Intelligence: Leveraging machine learning and AI, it forecasts sales up to 21 days in advance, facilitating better decision-making processes.

4. Real-Time Recommendations: Drawing insights from predictions, 5-Out suggests staffing and purchasing actions to enhance your bottom line.

5. Easy Setup: No onboarding or employee setup is required; it seamlessly integrates with existing tools, ensuring a smooth setup process.

What are the limitations of 5out.io?

While 5-Out boasts cutting-edge technology, it eliminates the need for onboarding or employee setup, ensures seamless integration with existing tools, and requires no replacement of software. However, as with any AI-driven solution, it comes with certain limitations:

1. Data Quality: The efficacy of AI relies heavily on the quality of the data it's trained on. Incomplete, biased, or flawed data can significantly impact the accuracy of predictions.

2. Security Concerns: Integrating external systems may raise concerns regarding security and privacy. It's imperative to prioritize data protection and address potential security risks.

3. Not a Universal Solution: Despite its power, AI isn't a one-size-fits-all solution. Context matters, and human judgment remains indispensable in decision-making processes.

How does 5out.io handle privacy and data security?

5-Out prioritizes data privacy and security through meticulous procedures:

Data Collection:

• Restaurant Data: To operate effectively, 5-Out requires access to fundamental restaurant data including sales, labor, purchasing, and financial details such as point of sale data, labor actuals, labor schedules, COGS purchasing data, inventory, recipes, vendor information, and financial data.
• Personal Information: If personally using the platform or associated with a participating restaurant, personal data like name, email address, and phone number may be provided.
• Automatically Collected Information: When accessing or using the platform, data regarding the visit (user agent, IP address, browser, device information) is collected for monitoring and enhancing performance.

Using Your Information:

• The platform utilizes collected data to forecast sales, create budgets, monitor spending, suggest labor schedules, recommend purchasing behavior, and report overall financial performance.

Disclosing Your Information:

• Individual data is not disclosed to any third party.
• Aggregated data and trends across multiple restaurants may be used for marketing and other purposes while ensuring customer anonymity.

Storing Your Information:

• 5-Out employs industry-standard encryption (AES-256) to safeguard customer data.
• Customer data is segregated within the database for additional security.
• Communication with the web platform is secured using SSL (TLS 1.3) encryption.

Security Monitoring:

• 5-Out continually monitors data protections and promptly notifies customers of potential breaches within a 5-day window.