Square Teams Up With Sysco

<p>Square has announced a new partnership with Sysco&comma; a leading global foodservice distributor&comma; along with a number of new features to help food and beverage sellers run their businesses with ease&period;<&sol;p>&NewLine;<p>For more than a decade&comma; Square has delivered innovative products to help food and beverage operators streamline operations and grow their businesses&period; Now&comma; in partnership with Sysco&comma; Square aims to bring the company’s powerful&comma; intuitive technology solutions to more restaurants worldwide&period;<&sol;p>&NewLine;<p>Sysco&comma; a trusted leader in foodservice&comma; supports and enhances their customers’ success with a range of services&comma; including top-tier technology recommendations through their <a href&equals;"https&colon;&sol;&sol;www&period;solutions&period;sysco&period;com&sol;">Sysco Restaurant Solutions<&sol;a> program&period; Now&comma; as a Restaurant Solutions partner&comma; Square’s technology suite will be promoted&comma; co-marketed&comma; and sold to Sysco’s customers&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Sysco is committed to helping our customers succeed through innovative solutions and technology&comma;” said Neil Russell&comma; Chief Administrative Officer at Sysco&period; &OpenCurlyDoubleQuote;Square’s technology is comprehensive and easy-to-use for operators and workers alike&comma; and we know that their solutions can help food and beverage businesses work smarter&comma; operate more efficiently&comma; and find new avenues of growth&period;”<&sol;p>&NewLine;<p><strong>Square brings new and highly requested features to food and beverage businesses to save time&comma; improve cash flow<&sol;strong><&sol;p>&NewLine;<p>Beyond the strategic partnership with Sysco&comma; Square also announced new features to help restaurants run their businesses easily and efficiently&period; These features are currently rolling out to sellers&comma; with full availability in early 2025&period;<&sol;p>&NewLine;<ul>&NewLine;<li>Restaurants and bars can now preauthorize <strong>Bar Tabs<&sol;strong> for customers paying with credit card or digital wallet&comma; improving the guest experience by speeding up ordering and simplifying checkout while also providing businesses with a secure payments experience&period; This feature is especially critical for bars and breweries&comma; allowing these sellers to streamline service and start tabs without holding onto guests’ cards&comma; all while protecting their bottomline&period;<&sol;li>&NewLine;<li>With <strong>Instant Payouts<&sol;strong>&Hat;&comma; restaurants using Square Checking can receive funds for orders made through third-party delivery platforms instantly and without additional fees&comma; giving sellers immediate access to their earned revenue&period; Cash flow is a major pain point for restaurants&comma; particularly as margins get tighter&comma; and with third-party delivery platforms continuing to grow in popularity&comma; the delay in time-to-money for the orders they fulfill – up to 11 days in some cases – can be extremely challenging&period; Instant Payouts addresses this challenge for sellers&comma; helping them worry less about their liquidity and giving them the means to more quickly restock inventory&comma; pay their teams&comma; and get orders out the door&period; Instant Payouts is currently available to Square for Restaurants Plus and Premium sellers that have integrated DoorDash or Uber Eats into Square&comma; with more third-party providers coming in 2025&period;<&sol;li>&NewLine;<li>Sellers can now set up <strong>House Accounts<&sol;strong> for regulars or large institutional clients they know and trust&comma; invoicing them monthly&comma; quarterly&comma; or whenever’s good for the business and customer&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&OpenCurlyDoubleQuote;Holding onto people’s credit cards at the bar – and having 20-30 people per night forget to close out their tabs – can be a nightmare&comma; so we were eager to work with Square on testing Bar Tabs for our brewery locations&comma;” said Eric Lurwick&comma; General Manager at <a href&equals;"https&colon;&sol;&sol;www&period;ciscobrewers&period;com&sol;">Cisco Brewers<&sol;a> on Nantucket&period; &OpenCurlyDoubleQuote;We collaborated closely with the Square team on providing feedback to help fine-tune the product&comma; and using Bar Tabs has made the lives of Cisco employees and customers a lot better&period;”<&sol;p>&NewLine;