Event Definitions

Event Definitions are event templates that you can assign and schedule. For example, you can configure a New Year Eve celebration event that offers food and drink at a discounted price. You can then assign the event to one or more locations in the organization, and schedule dates and times that the location implements the event.

You can configure the following types of events:

• Open/Close Location Events: Identifies the amount of revenue a location incurs based on the opening or closing of another location. For example, an organization consisting of quick service restaurants has three locations in a busy metropolitan area. If they open a new location in the same area, you can use this event type to forecast the revenue impact on the three existing locations.

• Promotional Events: Identifies the impact of an event intended to bring business, such as coupons, discounts, and happy hours. For example, if an organization that opened a new location offers a coupon that gives a guest 1 free cup of coffee, you can forecast the impact of the coupon on revenue.

• Other Events: Identifies the impact of events, such as sporting events or holidays, that can affect the type of sales a location might incur and require different methods of accounting for labor hours. For example, you can forecast labor for Christmas Eve, which can consist of a busy early dinner and an early drop off.