Orders.co Empowers Restaurants to Simplify Dispute Resolution and Recover Revenue with AI-Powered Chargeback Assistant

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This cutting-edge, AI-powered tool empowers restaurant owners to effortlessly manage chargeback disputes and reclaim lost revenue, with minimal time and effort.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, April 9, 2024
Information
Tags: 
Software, Restaurant, Bar, Professional Services, Online Retail, Data Management, Payments, Apps, Applications, Technology, Small Business, Delivery Services, Food, Beverage, Artificial Intelligence, Retail, CRM, Chargeback, POS, SMB, AI
Geotags: 
UNITED STATES, NORTH AMERICA, CALIFORNIA
Organisation: 
ORDERS.CO
Summary
Key Points: 
  • This cutting-edge, AI-powered tool empowers restaurant owners to effortlessly manage chargeback disputes and reclaim lost revenue, with minimal time and effort.
  • These customer disputes can severely impact profitability, costing restaurants thousands of dollars annually in revenue loss and labor costs.
  • In February 2024, the Chargeback Assistant recovered an average of $400 for SMB restaurants and $1,500 for enterprise restaurants.
  • For more information about Orders.co and its Chargeback Dispute Management feature, please visit the Dispute Management page at www.orders.co .


Orders.co, the leading all-in-one order management platform for restaurants, today unveiled its latest innovation, the AI Chargeback Assistant. This cutting-edge, AI-powered tool empowers restaurant owners to effortlessly manage chargeback disputes and reclaim lost revenue, with minimal time and effort.

In today's digital landscape, where third-party delivery apps play a pivotal role in connecting restaurants with consumers, chargebacks have emerged as a significant challenge. These customer disputes can severely impact profitability, costing restaurants thousands of dollars annually in revenue loss and labor costs. Losses are compounded for enterprise restaurant operators managing multiple stores or franchise locations.

Data from the Orders.co platform has revealed that over 70% of restaurants do not dispute chargebacks from third-party applications. The process is complex and tedious, and many restaurants have difficulty locating and properly disputing charges. What’s more, less than 20% of chargebacks that are disputed are ultimately refunded.

“Before engaging the Chargeback Assistant, we had a hard time staying on top of chargebacks – the process is so complex, it’s nearly impossible to handle every dispute manually,” said Marianna Manoukian, owner of multiple It’s Boba Time franchise locations. “Orders.co has taken the hassle off our hands, helping us maintain margin on these orders and reclaim hundreds of dollars every month.”

The AI Chargeback Assistant simplifies the dispute process by consolidating chargebacks into a single view, allowing restaurant owners to review and manage them seamlessly. Restaurants can also outsource the dispute management process to Orders.co as part of its end-to-end order management services.

With a remarkable 90% success rate, the feature has proven highly effective. In February 2024, the Chargeback Assistant recovered an average of $400 for SMB restaurants and $1,500 for enterprise restaurants. The tool also provides significant time savings, freeing restaurant operators from navigating the time-consuming dispute process and reducing resolution timelines to within 7 days.

"Our goal at Orders.co is to empower restaurant operators with tools that drive profitability and efficiency," says Arsen Stepanyan, chief executive officer of Orders.co. “Chargebacks are especially detrimental to operators with multiple locations or franchises – these restaurants are leaving a lot of money on the table, and with the Chargeback Assistant, we’re empowering owners to take back their profits.”

Integrated within Orders.co's end-to-end CRM system, the Chargeback Assistant consolidates third-party delivery orders and chargebacks, offering a seamless experience for restaurant owners. This feature is included within the Orders.co platform and is also available as a standalone service.

For more information about Orders.co and its Chargeback Dispute Management feature, please visit the Dispute Management page at www.orders.co.

About Orders.co:

Orders.co is an all-in-one order management platform for independent restaurants, growing chains, and multi-location digital brand operators.

The company’s innovative technology consolidates all delivery apps and order sources in a single, centralized dashboard. Its AI-powered platform provides the tools needed to streamline operations, enhance the customer experience, and scale a restaurant’s digital business.

With a breadth of third-party apps and integrations from POS to delivery, Orders.co enables restaurant operators to manage their end-to-end online ordering presence from a single device.

Since its founding in 2020, Orders.co has empowered thousands of restaurants to expand their reach and scale their online growth.

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