SEAT Global Magazine - Exclusive Interviews of Global Sport Executive Issue 09 March/April 2018 | Page 58

CASE STUDY: HOW SPECTRUM CONCESSIONS EXCEEDED CUSTOMER EXPECTATIONS » ABOUT SPECTRUM CONCESSIONS For more than twenty-five years, Spectrum has provided the highest level of hospitality and management for leading music festivals, concerts, golf tournaments, and venues across the country. When their cash-only systems were disrupted by credit cards and wristband technology, Spectrum knew their concessions needed a new point of sale solution that not only they could trust, but their clients could trust, as well. » THE CHALLENGE Up until 2013, Spectrum, like many other concessionaires, did not use a point of sale system to run major events for the PGA TOUR and music festivals such as Bonnaroo and Govenors Ball. But as the shift to credit cards and wristbands became the norm, Derek Mills, Chief Financial Officer at Spectrum, and his team knew something had to change. “We felt that we needed to be one of the first to introduce a point of sale system that was fast and easy to use in the outdoor events world,” said Mills. For Spectrum, the window to generate revenue is tight so they needed a point of sale system that could quickly and easily generate sales. In addition, Spectrum no longer saw the benefit of utilizing a terminal that couldn’t be shipped from location to location or had spotty service with no offline mode. And so they began their search for a cloud-based, tablet/ mobile interface system to fit each of their venues’ needs. HIGHLIGHTS CHALLENGE __ • • • • Inability to accept credit cards Long concession lines Lengthy volunteer trainings Spotty connection location SOLUTION __ • Cashless and contactless payment support • iOS familiarity • Cloud-based solution • Auto-offline mode RESULTS __ • Increased revenue and average order size • Improved transaction speeds • Real-time analytics