How Technology is Changing Cash-Flow Management for Restaurants

Cash-flow management is an ongoing issue for the restaurant and hospitality industries. In fact, it is often one of the biggest barriers to success. Technology is helping entrepreneurs get immediate access to working capita. In this Q&A, Kabbage’s Head of Customer Experience and Success Aditya Narula explains the importance of cash-flow management and the meaning of "let the bakers bake." 

How big of an issue is cash flow for restaurants?Cash flow for restaurants can be quite volatile and uncertain. Margins are particularly thin due to food and employee costs, which typically consume more than half of all goods sold. Compound that with a highly seasonal business reliant on tourism, holidays and weather, as well as ever-changing taste preferences, competition, shifting customer expectations, rising property costs and more—it requires diligence to maintain a healthy cash position to build and maintain a successful restaurant.

What should restaurant owners know about what it takes…