ARLINGTONGo. , April 12, 2022 /PRNewswire/ — MarginEdge, a leading restaurant management platform, is thrilled to announce that it has been selected by SpotOn, a leading restaurant software and payments provider, as its restaurant management partner. restaurant inventory. This partnership furthers SpotOn’s commitment to democratizing technology for restaurants of all sizes, bringing them one step closer to becoming the fully integrated “one-stop-shop” for restaurant technology, while expanding MarginEdge’s integration capabilities with a leading supplier in the point of sale. system space.
Since its inception in 2017, SpotOn has focused on providing payment software and technology to small, medium and large businesses, with an emphasis on restaurants through their integrated point-of-sale systems. Their comprehensive offering aims to give restaurants the ability to manage their business from top to bottom, from taking payments to optimizing staff schedules, and everything in between.
Recently, SpotOn introduced “Points of Profit” to demonstrate how flexible, integrated technology can help restaurants protect their profit margins from inflation and break out of the 5-7% profit margin plateau. With MarginEdge as their inventory management partner, SpotOn customers get even better insights to make smart decisions to improve their bottom line. Together, this integration provides a truly centralized view, combining both front-of-house and back-of-house data in one place.
MarginEdge CEO, Bo Davis said, “Forward-thinking POS providers now understand more than ever that bringing true value to a restaurant means unlocking their data and offering meaningful insights that help them run their businesses better. In a challenging economic climate, Constantly changing, impacted by the pandemic and inflation, restaurants are faced with the Herculean task of serving their customers without compromising profitability or the customer experience, an impossible task without true cost visibility. “We are proud to be part of a leader in point-of-sale and excited about the value we can bring to our mutual customers.
This seamless integration will provide users with tools to manage daily controllable P&L and sales data, seamless accounting integration with the automatic flow of data from invoices, credits and payments, and robust performance reporting, including theoretical food utilization and menu analysis to help identify profit leakages. and rising food prices.
“Our restaurant customers continue to deal with the effects of the pandemic on their business, including staff shortages, supply chain issues and rising operating costs,” said Ben Prior, Director of Innovation at SpotOn. “We are excited to offer our restaurant customers a full suite of truly holistic tools to better manage their back-office operations, tackle rising costs, and save crucial time with reporting and automation. data from MarginEdge.”
MarginEdge’s mission is to create a world where restaurateurs can focus on the business they love. Using best-in-class technology to eliminate unproductive paperwork and streamline operational data flow, MarginEdge reinvents the back office and empowers restaurants to focus more time on their culinary offerings and guest experiences. Situated at Arlington, Virginia and founded by industry veterans, MarginEdge serves a diverse group of operators ranging from individual units and small chains to large franchise and hospitality groups, delivering a high-impact product that resonates across the hospitality industry. For more information, visit www.marginedge.com.
SpotOn is one of the fastest growing software and payments companies with comprehensive cloud-based technology for small, medium and large businesses in restaurants, retail, sports, education and entertainment. Recognized for rapid innovation and industry-leading customer service, SpotOn offers integrated solutions including marketing and loyalty, website development, e-commerce, reservations and waitlists, mobile orders, digital payments , review management and retail and foodservice outlets (POS). SpotOn has 1,600 employees and offices around the world, including San Francisco, Los Angeles, Chicago, Mexico City, Detroit, Atlanta, denver, and Krakow. For more information, visit www.spoton.com.
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SOURCE Margin Edge