NEW!SaaS Companies That Got Funded in 2022! Read More

Success Stories

SaaS Platform SupplyNote Acquires Posify Solutions.

1 Mins read

AdCount Technologies Pvt. Ltd which operates SupplyNote, a business-to-business (B2B) software-as-a-service (SaaS) provider has acquired Posify Solutions for an undisclosed sum, the company announced on Tuesday.

The deal will allow SupplyNote to secure all of restaurant-focused Posify’s existing clients and further boost its goal of increasing its client base fourfold over the next fiscal year, according to a statement.

SupplyNote offers integration with most POS (point-of-sale) platforms to obtain sales data for inventory automation. With the acquisition of Posify solutions, SupplyNote acquires Posify’s intellectual property as well as the team, the statement noted.

Founded in 2019 by Kushang who serves as chief executive officer, Abhishek Verma, Nitin Prakash, and Harshit Mittal, SupplyNote has a strong presence in the Delhi-NCR region with clients like Burgrill, Slay Coffee, Bakingo, Vadilal, Natural’s, Biryani By Kilo, ZFW Hospitality, Nazeer’s Foods, Burgerama, Theos, Wat-a-burger and Blue Tokai, among others. It has onboarded 2,750 clients in the fiscal year 2021-22 and aims to onboard an additional 7,000 clients in the fiscal year 2022-23.

“The food & beverage industry has to endure huge losses due to inventory mismanagement since most outlets still use pen and paper to track and manage their inventory. There is no digital record of consumption, which leads to human errors. SupplyNote as a solution can help businesses cut down their cost of operations while helping them increase their profit margins by reducing losses caused due to mismanagement,” said Kushang, co-founder and CEO, SupplyNote.

The company claims to assist its clients in increasing the bottom profit margin by 70% by reducing costs and expenditures in the restaurant and hotel supply chain. It saves approximately 4% of net revenue from pilferage and theft, up to 6% by preventing unnecessary costs through better utilization, approximately 8% by reducing overpriced purchases, and about 2-3% on human resources.

Currently, SupplyNote is present in 83 cities across India, with plans to expand and provide services to its clients in 50 new cities.

23 posts

About author
Skilled in Business Planning, Operations Management, Recruiting, Human Resource Development, and Human Resources. Strong business development professional with a Master of Business Administration - MBA focused in Human Resources Management/Personnel Administration.
Articles
Related posts
Success Stories

Innoviti welcomes Mr. Krishna Kumar Sinha as Senior VP - GENIE - Retail

1 Mins read
BENGALURU, India — Innoviti Payment Solutions Pvt. Ltd is delighted to announce the appointment of Mr. Krishna Kumar Sinha joined as Senior…
Success Stories

Sameer Sharma-led uEngage becomes the first tech platform from the Chandigarh Punjab region to join ONDC

2 Mins read
CHANDIGARH, India — SAAS Technology Platform for Local Businesses ‘uEngage’ becomes the first tech Company from the northern region of Punjab and…
Success Stories

D2C footwear brand Neeman’s conversion rates jumped by 30% post GoKwik partnership.

3 Mins read
Leading D2C sustainable footwear brand Neeman has witnessed a 30% jump in its prepaid conversion rates in just a few months of…
  1. SaaSDekho is India's leading media organization.

[mc4wp_form id="17"]

Sync with a focus on SaaS Products, Service Firms and Entrepreneurs - the change makers.

Leave a Reply

Your email address will not be published. Required fields are marked *