Fountainhead Pub, Vancouver, B.C.
Cost management
See practically every aspect of your restaurant’s costs and get profitability insights, all from the same platform.
OVERVIEW
Get a snapshot of your financial health
With margins so tight, every penny counts. Daily reporting—fueled by real-time sales and invoice data—means you have what you need to make the right decisions for your restaurant right now, not at the end of the period.
DAILY PRIME COSTS
Get your final P&L in days, not weeks
When daily sales from your POS are combined with the expense data from invoice processing, you and your accounting team get a daily profit and loss statement updated in real time.
- None of the manual data entry, all of the powerful financial insights
- Prime Costs are at your fingertips and auto-calculated for each of your locations
- Customize expense categories the way you need it or use default categories based on best practices
BUDGET TRACKING
Stay out of the red to keep making that green
Within 24-48 hours of receiving invoices, both operators and accounting teams get an up-to-date visualization of where the budget is in real-time.
- Easily see your spend so you know whether you’re under budget or overspending
- Set custom financial categories or just focus on watching the basics like COGS, labor, supplies and operating expenses
- Keep everyone accountable and seeing the same numbers with an easily viewed, cloud-based dashboard
PRICE MOVERS & ALERTS
Price monitoring without manual effort
Product prices fluctuate like there’s no tomorrow, so with MarginEdge’s Price Movers and Alerts, you can easily catch misbehaving prices before they hit your menu.
- Track how much prices are increasing (compared to your past invoices) at the product level before it catches up to your P&L
- Quickly spot biggest price movers and their total impact based on how much you’ve purchased
- Set custom alerts anytime a vendor item comes in above or below a set price
SALES PERFORMANCE
Faster data and fewer mistakes
MarginEdge pulls your sales every night—eliminating manual data entry, reducing errors, and providing you powerful reporting.
- Daily email highlighting yesterday's sales performance compared to last year's and regional benchmarks
- Daily sales entries (DSRs) are automatically sent to accounting using your G/L format
- Sales data powers PMIX reporting that calculates your theoretical product usage by comparing products sold vs. actual amounts used
THEORETICAL REPORTS
Theoretical vs. actual usage reporting
Track waste and identify trends without manual calculations. These reports help you purchase better, train better and save better.
- Understand your usage so you know which food and beverage items need to be managed more closely
- Reduce waste and increase profits
- Track variance for all quantities of the same product, regardless of the vendor you purchased them from
See what restaurants are saying
Don’t just take our word for it. Our marketing department will say anything to make us look good.
Having to hold our vendors accountable for price increases throughout the month can be difficult. With MarginEdge we are able to set price alerts on high-cost items so that when they're any price changes, it will alert us immediately once the invoice has been entered
Chris Arreola
Owner of On Swann and Oak, and Ola Restaurant; Tampa, FL
Even with reliable vendors, locked-in prices, and a consistent menu, we use price alerts to show us human error – whether something’s entered incorrectly or we have the wrong pack size or something
Amanda Quintal
COO Pomegranate Hospitality
Adding labor analytics has further bolstered the impact that MarginEdge has on our operations. Our management teams now utilize the automated, real-time Controllable P&L tool to control the Big Three: Sales, Food and Labor.
Dan Tufts
Buffalo Wing Factory
