PAR Technology partners with AI company to improve inventory management

PAR Technology has partnered with NomadGo to add artificial-intelligence solutions to its Data Central restaurant product. The new technology will reduce the amount of time it takes to do inventory and improve accuracy. (Photo credit: PAR Technology Facebook page)

NEW HARTFORD, N.Y. — PAR Technology (NYSE: PAR) has forged a new partnership with NomadGo, a spatial artificial intelligence (AI) solutions provider, to integrate the company’s AI technology into PAR’s Data Central product. The integration pairs AI technology into Data Central to provide an automated solution for inventory management, which is then instantly synched with […]

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NEW HARTFORD, N.Y. — PAR Technology (NYSE: PAR) has forged a new partnership with NomadGo, a spatial artificial intelligence (AI) solutions provider, to integrate the company’s AI technology into PAR’s Data Central product. The integration pairs AI technology into Data Central to provide an automated solution for inventory management, which is then instantly synched with the back-office system to give operators real-time information about stock levels, New Hartford–based PAR Technology announced. A simple scan with a smartphone or tablet gives inventory information with fewer errors and a significant savings in manpower hours. “Accurate and timely inventory data is a game-changer for restaurant operators,” Oliver Ostertag, PAR general manager of operator cloud, said in a statement. “By integrating with NomadGo, PAR Data Central isn’t just the first to bring this solution to market; we’re delivering the most advanced, efficient inventory management available. Our customers get the real-time insights they need to cut waste, maximize profits, and streamline operations like never before.” Staff can scan inventory across multiple locations and the AI technology handles the rest, providing near-instant counts with 99 percent accuracy. Kirkland, Washington–based NomadGo combines computer vision, three-dimensional spatial intelligence, and augmented reality to provide real-time inventory visibility. Amirian Management Company, a franchisee of a major national chain, plans to be the first to deploy the solution. “Using NomadGo is going to make our manager’s job easier by giving them a tool to count inventory much faster and more accurately,” Amirian CIO Russell Jones said. “This will allow them to focus on the important operations of the restaurant to impact food cost and customer experience.” PAR provides food-service software and hardware solutions including point-of-sale, digital ordering, loyalty, back-office management, and payments. In addition to its New Hartford HQ, the company’s offices include locations in Toronto, Ontario; San Diego, California, and Austin, Texas.
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