Laundromat Metrics That Matter with Nick D'Ascensao & Oleg Stepanov

Data is a hot topic in all businesses today - how to get it, how to use it and how to protect it. Nick D'Ascensao and Oleg Stepanov of LaundroWorks join us in this episode of The Laundromat Millionaire Show to dive deep into this topic. Learn how to improve your business analysis by focusing on the metrics that matter most and how the software can help you monitor it.Referenced Links: Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com Alliance Laundry Systems: https://go.huebsch.com/innovatorsLaundroworks & Cents: Our Guests links: https://laundroworks.com/ & https://www.trycents.com/Our website: https://www.laundromatmillionaire.comThe Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Episode with Steve Marcionetti: https://youtu.be/FnN1X8ApSkEEpisode with Branden Unnerstall & O’Hara brothers: https://youtu.be/rOdBYCLKPBwEpisode with Alex Jakowsky: https://youtu.be/euIPLlOuzQYTimestamps 00:00:00 Episode 119 Intro – Nick D’Ascensao & Oleg Stepanov of LaundroWorks 00:01:08 Spotlight: Laumdromat Millionaire Insurance Program00:02:05 Welcoming Guests00:03:24 LaundroWorks - the payment solution evolution00:08:51 Why Cents Merged with LaundroWorks00:14:09 Only a Loyalty Card System??00:21:45 Data Integration00:24:44 Reasons to Modernize Your Payment System00:26:28 Expected Float00:30:34 Card Replacement Strategies00:33:50 Access to and Best Use of the Data It Provides00:36:09 Data Ownership & Safety00:37:36 Key Data Points to Monitor00:43:42 Best Loyalty Card Promotions00:48:11 Using Cards for Restrictions and Access00:57:46 The $140 Million New Investment01:02:35 How to Demo Cents & LaundroWorks Today