Leading restaurant management platform MarginEdge announced that it has been selected by prominent restaurant software and payments provider, SpotOn, as a restaurant inventory management partner. This partnership furthers SpotOn’s commitment to democratizing technology for restaurants of all sizes, taking them one step closer to becoming the fully integrated “one-stop shop” for restaurant technology, while broadening MarginEdge’s integration capabilities with a top provider in the Point-of-Sale system space.
Since its inception in 2017, SpotOn has focused on providing software and payments technology to small, mid-size, and enterprise-sized businesses with an emphasis on restaurants through their integrated POS systems. Their full offering aims to give restaurants the ability to run their businesses 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 an inventory management partner, SpotOn clients gain even better insight for making smart decisions to improve their bottom line. Together, this integration offers a truly centralized view, combining both front-of-house and back-of-house data in one place.
MarginEdge CEO, Bo Davis says, “Forward-thinking POS providers understand now 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 an ever-evolving economic climate impacted by the pandemic and inflation, restaurants face the herculean task of serving their customers without compromising on profitability or guest experience. A task that is impossible without having true visibility into prime costs.” He continued, “We are proud to be integrating with a leader in the POS field and excited for the value we can bring to our mutual clients.”
This seamless integration will equip users with tools to manage daily controllable P&Ls and sales data, seamless accounting integration with the automatic flow of data from invoices, credits, and payments, and robust performance reporting including theoretical food usage and menu analysis to help identify profit leaks and rising food costs.
“Our restaurant clients continue to face pandemic effects on their business including staffing shortages, supply chain issues and rising costs of operations,” says Ben Pryor, Director of Innovation at SpotOn. “We’re excited to bring our restaurant clients a truly holistic, full suite of tools to better manage their back of house operations, tackling rising costs, and gaining crucial time back thanks to MarginEdge’s data reporting and automation.”