MarginEdge
MarginEdge
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MarginEdge User Reviews and Product Details
Product Information
MarginEdge is a restaurant inventory management software solution designed to automate back-office operations and provide real-time insights into food and labor costs.
By integrating with over 50 POS systems and accounting systems, MarginEdge simplifies the process of managing daily operations for restaurants. It has automated invoice processing, allowing users to submit invoices through various methods including photos via an app, email files, or EDI integrations. MarginEdge automatically processes the invoices within 24-48 hours.
Key features include bill pay, category budgets, daily controllable P&L reports, food usage reports, labor summaries, menu analysis, order management, price alerts, recipe costing, sales reporting, and more.
These features are designed to help restaurants manage their inventory, analyze food usage, streamline order management, and automate bill payments.
MarginEdge Pricing
Plans Available
Monthly
$330/monthÂ
No setup fee
Annual
$300/month
No setup fee
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MarginEdge Features
Customer Support
MarginEdge Reviews
MarginEdge FAQs
What is MarginEdge?
MarginEdge is a restaurant inventory management software designed by and for restaurant people, aiming to simplify back-office operations.
It connects with over 50 POS systems, supports major accounting systems, and automates invoice processing.
The platform streamlines activities like inventory management, bill paying, and supplier ordering, which help to reduce time spent on tedious processes​.
How does MarginEdge integrate with my current systems?
MarginEdge integrates in three steps:
- Connect your current POS system.
- Linking your accounting system.
- Start sending your invoices to MarginEdge through various methods such as photos, email files, or EDI integrations.
Once these three steps are completed, the platform takes over to provide bill paying, daily controllable P&L reports, food usage reports, inventory management, and more.
What features does MarginEdge offer?
MarginEdge has a wide range of features designed to make restaurant management more efficient.Â
These include automated invoice processing, POS and accounting system integrations, inventory platform, order management, bill paying, price alerts, and a recipe viewer. It also includes reports for analysis like daily controllable P&L, recipe costing, price history, theoretical vs. actual usage, menu analysis, sales reporting, and labor summaries
Does MarginEdge have any hidden fees or surprise costs?
No, MarginEdge offers all-in-one, all-inclusive pricing with no hidden or surprise fees.
There’s no subscription tier. All features are included for all customers.
The subscription covers unlimited invoices processed and bills paid.
Is there a contract or cancellation fees with MarginEdge?
MarginEdge does not require contracts and has no cancellation fees.
They offer a monthly billing option as well as an annual billing option.
Customers can cancel the annual subscription at any time for a pro-rated refund.
Can MarginEdge integrate with Toast POS?
Yes, MarginEdge integrates with Toast, among over 50 other POS systems.
However, Toast users may incur a pass-through API fee from Toast. This fee is for maintaining the integration and ensuring efficient performance reporting​​.
How does MarginEdge handle invoice processing?
MarginEdge offers an automated invoice processing system that allows users to submit invoices in various formats, including photos via their app, emailed files, platform uploads, or EDI integrations.
The system captures all line item data within 24-48 hours, even if the invoices are handwritten or have notes.
This feature saves time by eliminating manual data entry and ensuring direct connectivity with a restaurant’s current accounting systems.
Can MarginEdge assist with inventory management?
Yes, MarginEdge provides an inventory platform designed to streamline the inventory process.
The software keeps inventory prices up to date, automatically adds new items to count sheets, and allows for centralized control over product naming and count-by units. This system is intended to reduce the time and effort spent on inventory management while providing insights on food usage by comparing purchases, sales, and on-hand counts.
What support and training does MarginEdge offer?
MarginEdge has unlimited email support from a dedicated team and offers 1:1 onboarding training for its customers as part of its subscription.
What kind of reports does MarginEdge provide to improve business insights?
MarginEdge provides reports that enhance business insights for restaurants.
These reports cover various aspects of restaurant management, including:
- Daily controllable Profit & Loss reporting to closely monitor sales and costs.
- Recipe costing to track the profitability of menu items.
- Price history to observe changes in vendor pricing.
- Theoretical versus actual usage reports for identifying discrepancies in inventory.
- Comprehensive menu analysis to optimize menu profitability.
- Sales reporting for a clear view of performance.
- Labor summaries to manage staffing efficiently.
These reports are designed to give restaurant owners and managers the tools they need to make informed decisions that improve their bottom line​.
Does MarginEdge have a mobile app?
Yes, MarginEdge has a mobile app that’s available for iOS and Android devices.
The app can be used to take pictures of invoices to get them processed into the system within 24-48 hours.
Integrations
- All vendors
- Point-of-sale
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