Insights Archives

Buyers Edge Platform Acquires Parsly, Expanding Their Technology Offerings for European Restaurants

Buyers Edge Platform is proud to announce its latest European acquisition—Parsly, a Swedish company that offers AI-driven procurement solutions for restaurants. This marks our fifth acquisition in Europe this year, further strengthening our technology portfolio and expanding our presence across the continent. Parsly’s cutting-edge AI technology automates procurement processes for restaurant operators, helping them save time and optimize profitability. Parsly has seen impressive growth, with over 500 restaurants using their platform, which has analyzed more than 1.3 billion SEK in purchases. By joining the Buyers Edge Platform family, Parsly will gain the resources to accelerate innovation and continue to deliver unparalleled value to restaurants across Europe. CLICK HERE TO READ THE FULL PRESS RELEASE and learn more about how this acquisition enhances our mission to revolutionize procurement in the foodservice industry through technology and partnerships.

Buyers Edge Platform Has Made a Strategic Investment in Netherlands-Based Company HosCat, Enabling Access into the Dutch and Belgium Markets

We’re excited to announce that Buyers Edge Platform has made a strategic investment in HosCat, a Netherlands-based company, marking its entry into the Dutch and Belgium markets. This investment is part of our continued expansion in Europe, following several acquisitions across the continent, including in the UK, Germany, and Sweden. HosCat’s expertise in hospitality and back-office solutions will combine with Buyers Edge Platform cutting-edge technology and procurement power, creating a valuable partnership that will offer significant savings and efficiency improvements for foodservice businesses in the region. This move aligns with the broader Buyers Edge Platform strategy of building the largest Digital Procurement Network in Europe, providing unparalleled value and support for foodservice operators across multiple countries. With shared values focused on customer success, both Buyers Edge Platform and HosCat are set to transform the procurement landscape in the Dutch and Belgium markets. Read the full press release here!

Save Big on Non-Food Supplies with Beyond Broadline Programs

Are hidden costs in your non-food supplies quietly draining your profits? From uniforms to utilities, these overlooked expenses can quickly snowball, eating away at your hard-earned revenue. In an industry where margins are already razor-thin, managing every dollar matters. With food costs soaring by over 20%, it’s not just your ingredients that are affecting your bottom line. Non-food expenses—like cleaning supplies, energy bills, equipment, and more—play a critical role in your overall cost structure. As a foodservice operator, you’re constantly seeking ways to save, and focusing solely on food costs isn’t enough. To truly maximize profitability, you need a strategy that reduces costs across every aspect of your operation. Why Non-Food Supplies Matter More Than You Think To truly gain control of your costs, it’s essential to look beyond the kitchen. Non-food expenses—things like equipment, uniforms, cleaning supplies, and utilities—are often the silent culprits behind shrinking profit margins. These costs

Highlights from the 2024 Buyers Edge Platform Summit

Each year, the Buyers Edge Platform Summit unites industry leaders including operators, suppliers, and key foodservice stakeholders. This multi-day event is more than just a gathering—it’s an immersive experience designed for meaningful connections, collaborative discussions, and an in-depth exploration of the latest Buyers Edge Platform innovations. With a spotlight on cutting-edge solutions and industry advancements, the summit serves as a vital forum for exchanging insights, tackling current challenges, and unveiling transformative strategies. Here’s a look at the standout moments that made this year’s summit truly exceptional. Recognizing Excellence: Honoring Our Award Winners We had an absolute blast at the Summit this year, especially when it came time to give out awards to our amazing partners and clients! It was fantastic to celebrate and thank them for their incredible efforts and innovative approaches that truly set them apart. From embracing new technologies to maximizing the value of our platform, these outstanding

Buyers Edge Platform Expands European Footprint with Acquisition of German Foodservice Leader S&F-Gruppe

Buyers Edge Platform is excited to announce its latest strategic acquisition—S&F-Gruppe, a leading foodservice group in Germany. This acquisition marks a significant milestone in our rapid expansion across Europe, following previous acquisitions in the UK and Sweden. With S&F-Gruppe now part of the Buyers Edge Platform family, we are poised to revolutionize procurement practices in Germany, the largest market in Europe. This move aligns with our broader strategy to create the largest Digital Procurement Network in Europe, offering unparalleled value and innovation to foodservice businesses across the continent. Our commitment to transforming procurement through cutting-edge technology and strategic partnerships is stronger than ever. CLICK HERE TO READ THE FULL PRESS RELEASE and learn more about this exciting development and how it aligns with our broader strategy!

Unlock Efficiency and Growth with Buyers Edge Platform Foodservice Technology

The foodservice industry thrives on efficiency, and Buyers Edge Platform Foodservice Technology is designed to help you achieve it, but navigating the landscape can feel like a maze. Data silos, manual processes, and fragmented systems slow you down and hinder valuable insights. The lack of unified data makes it impossible to see the big picture and make informed decisions With so many solutions available, exploring the foodservice technology landscape can be overwhelming. At Buyers Edge Platform, we understand the critical need for unified spend management software and back-office tools. We offer a powerhouse trio of technology solutions designed to streamline your operations and empower informed decision-making: ArrowStream InsideTrack Back Office Each brand tackles a distinct aspect of your operational needs, but together they form a comprehensive system to unlock efficiency and propel growth across your entire foodservice business. Let’s explore the specific benefits each brand brings to

Buyers Edge Platform Solutions to Control Tail-End Spend

While rising food costs grab headlines, don’t overlook the hidden profit drain of tail-end spend in your foodservice business. Have you ever wondered about the silent money drainers lurking in the corners of your operation? Those seemingly inconsequential expenses that, when left unchecked, stealthily nibble away at profit margins. What if we told you that these seemingly trivial expenditures, often dismissed as ‘tail-end spending,’ could hold the key to substantial savings and operational efficiency? Tail end spend can account for up to 20% of a company’s annual expenses, which explains why it’s becoming a major problem. And with three out of four procurement leaders considering tail-end spending a priority inside their business, the urgency to address this issue has never been more apparent. In this blog, we’ll look into the intricacies of tail-end spending, explore its impact on businesses, and unveil strategies to effectively tackle it head-on, ensuring a

Buyers Edge Platform Completes a $1.1 Billion Recapitalization to Accelerate the Next Phase of Growth

Successfully Closes Oversubscribed $560M Term Loan B and $130M Revolving Credit Facility Waltham, MA – May 16, 2024 – Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced it has completed a $1.1B recapitalization to support its continued growth through the successful closing of a $560M Term Loan B maturing in 2031 and a $130M revolving credit facility maturing in 2031 (“new credit facilities”). The new credit facilities build on the Company’s $425M preferred equity investment secured from a consortium led by General Atlantic Credit’s Atlantic Park Fund, alongside funds managed by Blackstone Tactical Opportunities and investment funds managed by Morgan Stanley Tactical Value, announced in April 2024. Buyers Edge’s Term Loan B transaction represented the tightest pricing for any debut deal by technology companies since November 2021 and financing was well oversubscribed due to strong demand. The proceeds from the Term

PROMPT LIKE A PRO: How ChatGPT Can Boost Restaurant Leaders’ Productivity

With the rise of Generative AI, like ChatGPT, restaurant leaders have a powerful tool at their disposal to revolutionize their operations and boost productivity like never before. Understanding ChatGPT Unlike traditional search engines such as Google, ChatGPT offers a more conversational approach to obtaining information and assistance. With its natural language processing capabilities, ChatGPT can understand and respond to full sentences, making it feel like you’re having a conversation with a knowledgeable assistant rather than conducting a search query. Crafting the perfect prompt is key to unlocking ChatGPT’s full potential. By providing context, specifying tasks, and refining prompts, restaurant leaders can harness the power of ChatGPT to streamline their workflows and accomplish tasks more efficiently. How ChatGPT Helps Restaurants Let’s explore how ChatGPT can boost productivity and drive innovation in restaurants. Imagine you are a Chief Operating Officer for an international fried chicken franchise. With the demands of overseeing operations

Buyers Edge Platform Solutions for Foodservice Excellence in 2024

The recent 2024 State of the Restaurant Industry report by the National Restaurant Association paints a vivid picture of the challenges faced by foodservice operators today. However, there is hope on the horizon. As forward-thinkers, Buyers Edge Platform understands the pulse of the industry and recognizes the need for innovative solutions to address these challenges head-on. Let’s explore the benefits of leveraging the power of Buyers Edge Platform, which combines our Digital Procurement Network, Fresh Solutions, Supply Chain Management, and SaaS Solutions. With the foodservice industry projected to reach $1 trillion in sales in 2024, staying ahead in the competitive landscape is crucial. Our Digital Procurement Network streamlines the procurement process, providing operators with a centralized platform to source quality supplies and ingredients at competitive prices. By optimizing purchasing efficiency, operators can enhance their profit margins and focus on delivering exceptional culinary experiences to their customers. The projected growth

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