Avero Partners with BinWise to Automate Beverage Inventory Management

NEW YORK, Aug. 21, 2013 /PRNewswire/ -- Avero, the leader in providing better insights faster to hospitality professionals, today announced an innovative partnership with BinWise, the leading cloud-based software for restaurant beverage programs, that makes managing beverage inventory and accessing beverage performance insights simpler and more accurate than ever before.

Historically, restaurateurs were forced to manage beverage inventory and update wine and beverage lists manually. The solution provided by Avero and BinWise now automates that process, ensuring the most up-to-date beverage inventory every day and providing restaurant managers with invaluable insights on wine, liquor, beer and sake sales and performance. This process saves restaurateurs significant time and gives them peace of mind about accuracy in their inventory levels and sales information.

"I started Avero because I am passionate about hospitality and saw the incredible need for better restaurant software to streamline operations in the industry," says Damian Mogavero, CEO and founder of Avero. "Our partnership with BinWise solves the critical need for up-to-date, accurate inventory data and saves a tremendous amount of time too," says Mogavero, who is also an avid wine connoisseur and has achieved a Level 3 Award in Wines and Spirits from the Wine & Spirit Education Trust.

"This partnership will make our products work even better for our customers and create more opportunities for both companies," says BinWise President and CEO, Doug Hickey. Through the partnership, BinWise plans to enroll all its new customers onto the Avero Slingshot® platform to enable seamless inventory management. 

More than 50 customers are already using the integrated solution. Thomas Pastuszak, Wine Director at The NoMad Hotel, is an early adopter. "Having such comprehensive tools like Avero and BinWise work so well together has allowed me to save a tremendous amount of time, improve sales analysis and control costs while managing a list of almost 1,000 wines," says Pastuszak.

Avero Slingshot is the leading insights platform for renowned hospitality establishments including Four Seasons Hotels and Resorts, Union Square Hospitality Group, Michael Mina Group, and Caesars' Entertainment. The platform has proved invaluable for over 4,000 locations worldwide. BinWise provides wine management solutions to the top restaurant groups like the Union Square Hospitality Group, Michael Mina Group and the Alta Marea Group with a user base that includes over 200 of the top Wine Directors and Sommeliers in the country.  

"We have worked with both BinWise and Avero for many years and their solutions have had a positive impact on our operations," says Paula Kaduce, CFO at Michael Mina Group. "Their partnership will make working with both solutions better."

About Avero, LLC
Avero is the leading provider of cloud-based insights and solutions to the hospitality industry having seamless integration with more than 40 of the largest POS systems worldwide. The company processes more than $15 billion in annual Food & Beverage transactions and has over 20,000 users in 42 countries, including many of the most renowned restaurants, casinos, and hotels in the world. Headquartered in New York City, with offices in Dallas, Las Vegas and Singapore, the company is led by former hospitality professionals, including CFOs, chefs, owners, managers, sommeliers, analysts, and operators.

About BinWise, Inc.
BinWise is the only way to smoothly run a successful beverage program in a single application.  The company's first product, RealWineLists, was created by wine professionals for wine professionals. The cloud-based software links purchasing, barcode inventory management, point of sales and real-time wine lists, available on pdf, html or iPad, on one platform. BinWise provides transparency to restaurant beverage management and is being used by restaurants, hotels, corner bistros. Restaurant groups currently using RealWineLists are the Union Square Hospitality Group, Mozza Group, Alta Marea Group, Rosewood Hotels, CorkBuzz and A16. Clients use BinWise to manage wine, beer, spirits, cocktails, non-alcoholic beverages, cigars, food and glassware. BinWise was funded in March 2012 by ACP, a private equity firm based in New York and is based out of the SOMA neighborhood of San Francisco.

Contact Avero:
Ally Welsh
646-421-6224
[email protected]

Contact BinWise:
Andy Salentine
415-215-2273
[email protected]

SOURCE BinWise; Avero