Outmin

Happy New Year from all of us at Outmin! 🎉 2024 was on 🔥 Here are just a few highlights we’re proud of: 🥂Welcoming 100s of new clients to the #Outmin family and growing our team to keep up 🥂 Attending five trade shows and some fantastic events like Slush and SaaStock. 🥂 Celebrating 3 unforgettable company days with the team – great ideas, great food, and lots of laughs! 🥂 Being named LinkedIns #3 startup in Ireland and getting shortlisted for Deloittes Rising Star Award (still buzzing). 🥂 Partnering with the Restaurants Association of Ireland to release our very first hospitality benchmark report. 🥂 Launching Cash Insights to help businesses take control of their finances – a big milestone for us. And sooo much more, we could be here all day…. Above all, we’re happy to have helped businesses ditch #bookkeeping stress and reclaim their time. Thank you for being part of the journey – we couldn’t have done it without your support! ❤️ Here’s to an even better 2025. Let’s make it one to remember! 🎊 #HappyNewYear #Happy2025 #AIBookkeeping #StartupJourney

🎅 This season, take a page out of Santa’s playbook 👇 Focus on what matters most – family, friends, and festive cheer :) And leave the paperwork to the #automation pros (like us!). From us at Outmin, we wish you a Happy Christmas filled with joy, laughter, and a little extra time to relax. You’ve earned it! ✨ #HappyHolidays #Christmas2024 #Outmin

📢 Big Changes Ahead for Hospitality in the 2024 Autumn Budget The #Budget brings higher #payroll costs, slashed #business rates relief, and #NIC hikes, hitting the #hospitality sector hard. Swipe through to see the key changes and a practical example of how they’ll impact your bottom line. Want the full picture? 👉 Check our latest post: https://hubs.la/Q02_f7c20 #UKBudget2024 #HospitalityBusiness #RestaurantOwners #PubOwners #UKHospitality

We're thrilled to be recognised by Finch Capital as one of #Ireland's #Rising #Stars in #BusinessTech alongside Tines, Kota, HR Duo, and Protex AI! Ireland may be a hidden gem 💎 but big things are coming for #AI #innovation in #Europe — and we're eager to be part of it. #automatedaccounting #aibookkeeping #cantstopwontstop

Most accountants will update your prime costs…eventually. 🤷 But by the time you see them, it’s often too late to act. For #restaurant operators serious about profitability, it’s not enough to look at prime costs monthly or quarterly. Weekly tracking keeps you in tune with the most volatile costs. So, what exactly are prime costs? Simply put, it’s the sum of your food and labour costs – your largest expenses that can either protect or drain your profit margin. When prime costs are in check, you’re set up to grow. 📈 At Outmin, we think this kind of visibility shouldn’t be a luxury – it’s a necessity. That’s why we provide timely updates that go beyond the usual. All the important data you need is right at your fingertips. Check our blog post for the full story: https://hubs.la/Q02-J_w90 #PrimeCosts #FinancialReporting #RestaurantAccounting #AutomatedAccounting

📉 #BusinessRates Relief is Shrinking for UK Hospitality 👉 Starting in April 2025: Relief will drop from 75% to 40%, putting huge pressure on #hospitality businesses. According to Altus Group: 💰 Average restaurant bills: £5,051 → £12,122 💰 Average pub bills: £3,938 → £9,451 Simon Green from Gerald Eve called the move “absolute madness,” warning it could mean closures and job losses for many. While the #UKgovernment promises permanent rate reductions in 2026, small #businesses are left wondering how to survive until then. At Outmin, we’re here to support operators facing these challenges with smarter tools to manage costs and protect margins. 👉 Hear what the hospitality industry really thinks about the Autumn Budget: https://hubs.la/Q02_Nycr0 #Hospitality #BusinessRates #UKBudget #SmallBusinessSupport

Keeping overhead low isn’t about drastic cuts – it’s about smart choices! 🧠 We rounded up six actionable tips that can help you reduce costs without cutting corners. From rethinking your lease to embracing energy-efficient upgrades, every little bit counts in hospitality – and these strategies are designed to help you see real savings. Want to go deeper? Check out the blog for a full breakdown on keeping overhead in check. ➡️ https://hubs.la/Q02-w5g40 #OverheadCosts #RestaurantManagement #SmartSavings #FinancialTips #Accounting

Overhead costs. It’s one of those things that can REALLY sneak up on you if you’re not keeping tabs on it. For #restaurants, staying below 35% of #revenue is the sweet spot – the line between “just covering costs” and actually growing. But the thing is, getting that balance isn’t as simple as cutting #costs left and right… It’s about knowing where your money goes and why it matters. Because, honestly, what’s the point of making more if it just slips right back out the door on overhead? 🤷 A lot of you probably wonder… are we spending too much just to keep the lights on? 💡 Or is there room to reinvest, to try something new, or even just make things a little easier on ourselves? If you’ve ever asked yourself these questions, you’re not alone. Our latest post breaks down what overhead costs are, why they matter, and how to keep them in check. Check it out! 👉 https://hubs.la/Q02-JVtq0 #OverheadCosts #OperationalCosts #FinancialHealth #HospitalityTips #AIBookkeeping

🛑 #Labour #costs are about to get even harder for hospitality businesses in the UK. From April 2025, changes from the UK 2024 Autumn Budget will push #wages up by 6.7%, hike #NICs to 15%, and lower the threshold for contributions. It’s a lot all at once. For small operators, that could mean cutting hours, raising prices, or freezing hiring just to stay afloat. Big players aren’t immune either…they’re trying to figure out how to handle these rising costs without losing their edge. As Kate Nicholls from UKHospitality said, this feels like a “tsunami of employment costs.” And she’s right, it’s a lot to take in. 😥 At Outmin, we want to help lighten the load. From slashing #bookkeeping costs to delivering clear #financial #insights, we’ve got your back. Learn more about how the Autumn Budget is reshaping hospitality here 👇 https://hubs.la/Q02_3SNz0 #Hospitality #AutumnBudget2024 #LabourCosts #UKHospitality #SmallBusinessSupport #BusinessGrowth #HospitalityIndustry

Keeping prime costs on track is at the ❤️ of running a #profitable hospitality business. Surprisingly, most traditional #accountants won’t update you on prime costs often enough, if at all. By the time you’re looking at quarterly #reports, the chance to react and make real changes is long gone. Make no mistake: Prime costs are one of the most revealing metrics in hospitality. They’re directly tied to #profitability. When you’re tracking prime costs regularly, it’s sort of like having a built-in early warning system. It helps you spot issues with expenses before they cut into profits so that you can take action asap. ⏩ Swipe through to see why prime costs matter and how tracking them can keep your business profitable. Catch the full story here! 👉 https://hubs.la/Q02-JS4S0 #PrimeCosts #FinancialReporting #RestaurantAccounting #Hospitality