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MarginEdge

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MarginEdge- Features, Pricing & Deals

MarginEdge provides a sophisticated restaurant management software system designed to optimize back-office operations, giving restaurant operators real-time financial insights and automating numerous administrative tasks. This enables restaurant owners to focus more on their core business operations. MarginEdge is known for its ability to streamline processes through features like real-time financial reporting, automated invoice processing, and comprehensive inventory management.

Key features of MarginEdge include daily profit and loss (P&L) statements for timely financial decision-making, detailed food costs control, and automated invoice processing that utilizes machine learning to eliminate the need for manual data entry. The platform also offers flexible invoice upload options, automated inventory tracking, and real-time inventory updates, providing valuable data to enhance operational efficiency.

Additionally, MarginEdge supports menu analysis and engineering, calculating theoretical costs and allowing for menu item comparison within categories. Other benefits include automated bill payments, ordering processes, and integration with more than 60 POS and major accounting systems. Performance tracking, live budgeting, and cost tracking tools further enable operators to make impactful business decisions in real-time.

Designed by former restaurant operators, MarginEdge is intuitive and user-friendly, equipped to meet the unique needs of the hospitality industry. It emphasizes a culture rooted in service and offers robust customer support. The software starts at a price of $300 per month, with no free trial or free version available.

Recognized as one of the best places to work by Glassdoor, Inc., and The Washington Post, MarginEdge has earned accolades for its company culture and industry impact. By leveraging MarginEdge’s advanced features, restaurant operators can reduce administrative burdens and dedicate more effort to enhancing their culinary offerings and guest experiences.

Features

  • Real-Time Financial Insights: MarginEdge offers daily profit and loss statements and detailed insights into food costs, including updates on price changes and analysis of food usage and waste.
  • Automated Invoice Processing: Eliminates manual data entry by automatically coding line item details from invoices using AI, and offers flexible upload options via app, email, or EDI integrations.
  • Inventory Management: Provides automated inventory tracking and real-time updates by comparing purchased items with sold items and on-hand counts, minimizing the need for manual spreadsheets.
  • Menu Analysis and Engineering: Calculates theoretical costs based on real-time ingredient prices and PMIX data, and allows comparison of menu items within specific categories to determine profitability.
  • Back Office Efficiencies: Automates bill payments and ordering processes, syncs with accounting and POS systems, and manages product costs including orders from commissary kitchens and internal transfers for multi-unit locations.
  • Integration Capabilities: Supports integration with over 60 POS systems and major accounting systems for seamless data flow and synchronization.
  • Performance Tracking and Budgeting: Offers tools for live budgeting and cost tracking, enabling operators to make impactful decisions in real-time.
  • User-Friendly Interface: Designed by former restaurant operators, making it intuitive and specifically tailored to the hospitality industry.
  • Customer Support: Emphasizes a culture rooted in service, reflecting its origins in the hospitality sector, with strong customer support.
  • Affordable Pricing: Starting at $300 per month, with no free trial or free version available. Customized pricing details may be available upon contacting MarginEdge.
  • Awards and Recognition: Named #7 on Glassdoor's Best Places to Work 2024 list for small and medium businesses, as well as receiving accolades such as Inc. Best Workplaces and The Washington Post Top Workplace.
  • Company Culture: Deeply rooted in hospitality, reflecting the backgrounds of its founders and team members who have extensive experience in the restaurant industry.

Pricing

  • The software starts at $300 per month.
  • There is no free trial available.
  • There is no free version available.
Last Updated
August 30, 2024 11:02

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