Savneet Singh is the CEO of PAR Technology, a market leader when it comes to restaurant Point-Of-Sale solutions. Known as the one who turned PAR's business around when it went south, he shares about the cloud transition for the restaurant industry, and technological investments that restaurants are taking in the midst of this digital era.
He also elaborates more on how he sees PAR's Software-As-A-Platform strategy panning out in the next few years, and his offense strategy for PAR.
For more information, do visit their website at https://www.partech.com/about-us/investor-relations/
Listen on to find out more!
00:01:23 - History Of PAR & How Savneet Became The CEO
00:04:47 - Savneet’s Entrepreneurial Background & PAR's Advantage
00:08:01 - Future Plans For PAR And Becoming A Leader In The Industry
00:10:46 - PAR’s Software-as-a-Platform Strategy
00:14:45 - Upsides To PAR’s Platform & Why Restaurants Would Adopt Them
00:17:21 - Total Addressable Market For PAR’s Product
00:19:29 - Challenges Of Acquiring Other Businesses in PAR
00:22:01 - Breakdown on Potential Addressable Market and Unit Economics
00:23:33 - PAR’s Plans For Future Acquisitions & More On Their Buy-and-Build Model
00:26:35 - His Take On Compensation Policies For Employees
00:29:53 - Building a Decentralised Management Structure
00:32:03 - Building New Products and Going Offensive
00:33:51 - Value Proposition of PAR Pay
00:36:09 - Expected Adoption Rate of PAR Pay
00:36:38 - Where He Sees PAR 5 Years From Today
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