Reeco

Purchase, Receive, Digital Recipes, Manage Inventory, Accounts Payable—all in one single platform! Yes, it's that simple.

Reeco is transforming the way hotels purchase, receive, audit (inventory), and pay. With Reeco, your hotel will be able to order from all its suppliers in one store, receive digitally in less than 30 seconds, finally get an accurate inventory audit based on real-time prices, and easily pay its vendors.

01/20/2025

WHO'S IN?

01/15/2025

We’re thrilled to announce that we’ve closed a $15M Series A round, bringing our total funding to $25M! 🎉

This funding positions us to not just grow Reeco but to transform the hospitality industry.

Behind every successful hotel is a well-oiled operation—one that depends on efficient systems to keep things running smoothly.

But for too long, the procure-to-pay process in the hospitality industry has been stuck in the past, bogged down by outdated tools like pen and paper, endless manual work, and siloed workflows.

We’re on a mission to simplify procure-to-pay for every hospitality provider.

Our AI-driven platform makes purchasing and receiving, inventory audits, recipe management, and accounts payable seamless—what used to demand hours now takes minutes.

We’re just getting started, and we can’t wait to show you what’s next.

A huge thank you to our investors Aleph, Net Capital Ventures, and Joule Ventures —thank you for believing in our vision!

We’re also tremendously grateful to our customers and suppliers for trusting us with their business.

Learn more about how Reeco is modernizing and simplifying hospitality ops at www.reeco.io/.

05/21/2024

S1E2 | Hospitality for Hospitality - Crafting Experiences: From One-Time Visit to Lifetime Guest!

Hospitality for Hospitality Podcast: Bringing the back of the house to the front!

Episode Description

In this episode, Omri Shalev, our host and co-founder & CTO of Reeco, tackles a critical challenge in the hospitality industry: how to ensure guests return time and time again. Joining Omri is Andrew Swerdloff, co-founder of Stay Open Hotels, who shares his expertise on creating meaningful guest experiences that drive loyalty.

Andrew, with a rich background in finance, private equity, and real estate, including projects like the Waldorf Astoria in Beverly Hills and a 401-key Hyatt near Los Angeles airport, discusses the innovative concept behind Stay Open Hotels. These high-end pod hotels focus on community and connection, transforming underutilized spaces into vibrant environments where guests form lasting memories and relationships.

Together, Omri and Andrew explore why it's challenging to make guests return, the role of unique and memorable experiences, and practical ways to foster a sense of community in various types of properties. They also delve into the importance of innovation in hospitality and how to implement new initiatives without compromising on quality or profitability.

Whether you're a hotel operator, tech vendor, or hospitality enthusiast, this episode offers valuable insights into enhancing guest loyalty through creative and thoughtful hospitality practices.

Timestamps

- 00:00 Introduction to retaining guests in hospitality

- 00:19 Importance of meaningful stays

- 00:37 Andrew Swerdloff’s background and expertise

- 02:13 Concept behind Stay Open Hotels

- 02:35 Why it’s difficult to get guests to return

- 07:30 Generational differences in travel preferences

- 09:38 Building community in hotels

- 12:24 Practical examples of fostering community

- 17:27 Local involvement and experiential offerings

- 25:14 Revenue implications of experiential offerings

- 31:07 Risk management and liability considerations

- 33:17 Summary and final tips for hoteliers

- 37:08 Andrew’s upcoming retreat center in Santa Fe

Follow us on LinkedIn:

https://www.linkedin.com/showcase/hospitality-for-hospitality/

You can listen to our podcast on Spotify:

https://open.spotify.com/episode/2qTsZRF5403cG5m3DZFnjV?si=xi4qrphURS6vOfb9SstUEw

Watch on YouTube:

https://youtu.be/0AuyPGDYIPM

Don't forget to like, subscribe, and click the bell icon for more episodes on transforming hospitality through technology!

05/01/2024

We are happy to announce our new podcast Hospitality for Hospitality

What is it all about?

The hospitality industry is truly one-of-a-kind, offering a second home to employees and guests, mixing various cultures and languages into one melting pot.

The "Hospitality for Hospitality" podcast aims to bring the back of the house to the front by discussing the industry's most pressing challenges.

Each episode will tackle a specific challenge, and with the assistance of experts, we'll bring the hospitality community solutions from real-life examples.

About our host Omri Shalev:

"Unlike most hoteliers who have spent many years in hotels and other hospitality businesses, I come from a completely different background. At 15, I lived in Mexico City, where I was first introduced to engineering. Since then, I've been passionate about solving problems through software."

After moving between several startups and large companies like Samsung and Microsoft, I decided it was time to create something of my own.
Together with my hotelier partner and good friend Henrik Shimony, we co-founded Reeco, a software that helps hospitality businesses integrate AI into their back-of-house operations, helping in purchasing, receiving, recipe management, inventory, and payments to their vendors using the best technology out there.

Thanks to Reeco, I discovered the wonderful world of hospitality, its amazing people, and the endless opportunities to improve internal processes. The "Hospitality for Hospitality" podcast was inspired by the startup world, where there's a strong sense of giving back to other entrepreneurs in the community.

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Subscribe on YouTube for more:
https://lnkd.in/dwNsYWu4

Follow me on Spotify for more:
https://lnkd.in/dxATDGu8

01/18/2024

Can a 3-minute video save your hotel up to 19% off of every order you place for supplies? You bet!

Don't believe us? Watch and find out: https://buff.ly/3BD1TLq

01/11/2024

Pen and paper are great– for taking notes and doodling, but for receiving thousands of dollars worth of hotel supplies? Not so much...

Reeco's tablet lets you receive products with a click, and you never pay for what hasn't arrived. Ready to learn more?

https://buff.ly/3Xj28Fk

01/05/2024

Tired of never knowing how much your hotel is spending money on supplies until months later? Get real-time spend data, budget, and pricing alerts, and finally see your hotel's full purchasing picture.

Learn more here: https://buff.ly/3NkH90m

12/20/2023

Hospitality professionals, are you aware of the hidden costs of manual receiving? Read on to learn about the potential drawbacks of this process and how it can negatively impact your bottom line and what you can do about it. Article here: https://buff.ly/3Ntqx6F

12/15/2023

Need another reason to love Reeco? How about 7?
We're sharing the top way Reeco improves the efficiency of all hotels. Curious about how much Reeco can save your hotel? Learn more here: https://buff.ly/43R9Uc8

11/30/2023

The back office deserves a little love.

The front of the house has tons of tools and technology to keep everything organized and on track. But for most hotels, the back office uses pen and paper and Excel to handle their purchasing needs. Isn't it time the back office caught up?

Reeco can help. Learn more here: https://buff.ly/3qZ6dCz

11/28/2023

Supply chain issues are real and have had far-reaching consequences.

Before using Reeco, most of our customers felt the pain of missing items acutely- in fact, most of them reported that on any given supply order, 20% of their items simply didn't arrive. And, according to an Hotel & Lodging Association survey, with rising inflation, hotels reported a 79% cost increase on day-to-day cleaning and housekeeping supplies, a 77% increase for linens and other soft goods, and a 77% increase in food and beverage supplies. That's a real blow to your bottom line.

Luckily, Reeco lets you choose your suppliers based on price and availability, so you can say bye-bye to those pesky supply chain problems and hello to operational efficiency. Want to learn more? Click here: https://buff.ly/3CQrAZe

Address

25 SW 9th Street
Miami, FL
33130

Website

https://www.reeco.com/

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