This is less costly than being listed on a delivery marketplace because commission fees for restaurants are less per order. Olo’s technology has since adapted to meet the demands of today’s convenience-seeking consumer. Glass’ mobile ordering technology pre-dates the iPhone as early technology made text messaging orders between consumers and restaurants possible. We’ve gained access to valuable insights like GLV, which enable us to not only customize the dining experience but also to tailor our culinary innovation and growth to the preferences and desires of our guests. Grow digital orders with confidence, knowing your payment solution can keep up. Built to scale with your brand, Olo Pay offers support for high-volume transactions and flexible payment schedules.
Protect your business from fraud
To get started investing, check out our quick-start guide to investing in stocks. Olo currently works with 400 brands across 64,000 restaurant locations, playing an integral part of a chain’s digital ordering channels. Clients include Wingstop, Applebee’s, Chili’s, Denny’s, Five Guys Burgers & Fries, Jamba, Noodles & Company, Shake Shack, Sweetgreen, Red Robin, Dairy Queen, and Cracker Barrel. Olo solved several pain points, including multiple third-party tablets and order management issues, while also streamlining operations, allowing us to own our guest relationships, and helping us become a bigger food destination.
With in-store and digital transactions aggregated in the Olo Dashboard, you can spend less time hopping between processors to issue refunds and void transactions, and more time focusing on your guests. Its Ordering module provides chains a white label direct-to-consumer ordering channel. So when a customer orders pickup from Wingstop’s app or website, Olo is powering that what investors are watching after spike in treasury yields service. But unlike other recent splashy IPOs like DoorDash, digital ordering platform Olo is flying under the radar.
What Investors Need to Know About Olo
It has streamlined online ordering, enabled us to make menu change, and made it much easier for employees to manage orders. Control your menu, item availability, pricing, and store hours from a single dashboard with brand- and location-level settings. Encourage guests to order more, and more frequently, with upsells, featured items, and LTOs. Keep operations running smoothly by tracking online orders from anywhere in your restaurant—back-of-house with Dashboard or front-of-house with Expo. Monitor performance, process refunds, check order statuses, and more. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center.
Use automated surveys to collect first-party data, intercept and engage with negative feedback to prevent churn, and encourage happy guests to share their experiences on review sites to boost your online visibility. Discover how to maximize your restaurant revenue across channels, unlock actionable guest data, and grow your business with this comprehensive direct ordering ebook. Wingstop, whose key food ordering and delivery providers are DoorDash and Olo, posted more than $1 billion in digital sales in 2020, a company record. The company’s strategy is to work with large, well-capitalized national chains – the “fastest-growing restaurant brands in the industry,” according to Olo’s S-1 filing. Meet the expectations of today’s digital-first guests by offering seamless checkout, digital wallet support, and industry-high authorization rates. Dispatch enables restaurants to accommodate delivery orders through their own website or app.
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Learn how a fully-integrated, restaurant-centric payment platform can help you drive sales, improve operations, reduce fraud, and simplify day-to-day payment processes. Discover why traditional restaurant brands and virtual concepts rely on our powerful ordering platform to maximize profitability, streamline operations, and meet guests where they are. Investors outside the restaurant industry might not know much about Olo, but rest assured they will learn a lot by the end of Olo’s IPO day. The leading online ordering and delivery solution for top restaurant chains like Wingstop makes its stock market launch today. Let us share how our end-to-end, modular platform can help your restaurant increase orders, streamline operations, and improve the guest experience. Contact us today to find out why hundreds of America’s most-loved brands use Olo to increase orders, streamline operations, and improve the guest experience.
Grow orders with simplified payments
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… As of December 31, 2019, 44% of Olo’s customers used all three of its modules. New York-based Olo, short for “online ordering,” was founded by Noah Glass in 2005, about one year after Grubhub was founded and several years before DoorDash and Postmates were household names. The company plans to raise $450 million by offering 18 million shares at $25 a share under the NYSE ticker “Olo.” That’s up from a previous range of $16 to $18 a share set earlier this month. Drive sales, do more with less, and make every guest feel like a regular with Olo.
Expand your reach with direct and marketplace delivery via our integrated network covering 99.9% of the U.S. Increase direct sales with our secure, fast, and reliable ordering platform, built to integrate with your systems and meet guests where they are. On average, brands see a 190% increase in same-store sales year over year. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
In DoorDash’s first earnings call on Thursday, the leading third-party delivery operator posted a net loss of $312 trading strategies and systems million in the fourth quarter of 2020, compared to a loss of $134 million in the same period last year. Olo’s platform processes an average of about 1.8 million orders a day. The speed to market and the true partnership that we’ve fostered over this short time have made Carl’s Jr. and Hardee’s digitally relevant. As we look toward the future and define our roadmap, we can count on Olo.
- Guests feel well taken care of, like they’re in a full-service restaurant, leave higher tips, and return more often.
- Let us share how our end-to-end, modular platform can help your restaurant increase orders, streamline operations, and improve the guest experience.
- Online credit card fraud was by and large the biggest pain point we had that we didn’t have an answer to.
Unlike third-party delivery providers, Olo’s prime mission is to drive digital orders through a restaurant’s own branded channels. Olo projects its “addressable market opportunity is $7 billion” as the pandemic fueled the acceleration of new kinds of contactless digital ordering for both dine-in and takeout customers, the company stated in its IPO paperwork. Over time, our partnership has helped to increase our top-line sales, maximize profitability, establish and maintain direct consumer relationships, and collect, protect, and leverage our valuable consumer data. We knew that we needed a restaurant-specific platform to process digital payments and combat fraud. Olo Pay is fully integrated with our tech stack, easy to set up, and we finally have a strong relationship with our payment provider. Learn why (and how) leading brands are focusing on building a restaurant tech stack that digitizes every transaction, captures more data, and grows guest lifetime value.
Online credit card fraud was by and large the biggest pain point we had that we didn’t have an answer to. With Olo Pay, we no longer have to manage our fraud prevention in-house. Manage and reconcile all payments—card-present and card-not-present—in one place. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Olo’s platform marries restaurants with a vast and complex vendor market. In totality, Olo’s platform integrates with 1 ltc to usd exchange rate calculator more than 100 restaurant technology solutions such as POS systems, delivery aggregators, payment processors, and loyalty programs. Think of Olo as having the universal key that unlocks dozens of doors, or tech solutions, used by restaurants. With integrations to over 400 technology partners, our customers can build digital experiences with the largest and most flexible restaurant commerce ecosystem on the market. Ultimately, we want every guest to feel like a regular with every single restaurant interaction, no matter the size or the complexity of the restaurant brand.
Thoughtfully greet and serve dine-in and takeout guests with our all-in-one waitlist, reservation, order, and table management tool. For every 100 parties seated, Host users save 30 minutes of manual work on average. Guests feel well taken care of, like they’re in a full-service restaurant, leave higher tips, and return more often. Olo has helped us tremendously by serving as a centralized hub for all of our digital ordering platforms. This central ordering allows our team to see trends at a systemwide level while simplifying the lift for our operators. Enable guests to scan a QR code to access your menu, place an order, and pay for a meal, all from their own mobile device.
As a leading open SaaS platform with professional services, we enable over 700 brands to jointly reach 85 million connected guests across approximately 80,000 locations, processing more than two million orders per day on average. Scale and protect your digital business with our comprehensive payment platform, proven to drive sales, reduce fraud, and simplify payment processes. Offer Borderless checkout, mobile wallets, and card-on-file support for added convenience. Olo Pay works on your behalf to drive direct digital sales, prevent fraud, and streamline day-to-day payment processes. Our goal all along has been to improve the guest experience and grow market share with online ordering. Enable direct delivery at scale with all the right controls to streamline operations and enhance the guest experience.