New Relationship Broadens Cost Analysis Benefits to Increase Restaurant Profitability
Leading restaurant management platform, MarginEdge, announced today that it has teamed up with Square to offer an expanded integration, allowing customers to easily pull sales on a daily basis giving a full picture of their daily controllable P&L, budgets, plate costs, and inventory tracking.
The powerful combination of Square and MarginEdge expands capabilities across both platforms allowing restaurant operators nationwide to track real-time prime costs and profitability. With product shortages and supply chain disruptions leading to rising labor and food expenses, this new integration allows restaurateurs to manage costs in a dynamically changing environment.
Bo Davis, MarginEdge CEO and Co-Founder says, “As a restaurant owner myself, I deeply understand the need for fast, actionable data and the inefficiencies created when those insights lag. With so many of our customers using Square as their POS, it absolutely made sense to formalize our partnership to create a seamless experience for our mutual clients. We are thrilled to work with Square’s team as we support restaurant operators across the country.”
A turnkey integration between MarginEdge and Square is key to a faster, more seamless experience and an opportunity for both companies to better serve the restaurant industry. Customers can connect their POS by plugging in their Square credentials and answering a few quick questions through the quick and easy set-up wizard. The integration simplifies the typical, labor-intensive process for connecting POS systems.
“Being able to have our sales pulled directly from Square into MarginEdge has allowed us to seamlessly track our COGS. It has given us valuable information quickly and has removed the paperwork and headaches that we had experienced managing invoices and sales in the past,” commented Amir Mostafavi, founder of South Block Juice Co.
As MarginEdge goes into its sixth year with growth of over 200% annually, new integrations and robust reporting capabilities will be at the forefront of all future partnerships and is clearly shown in their newest partnership with Square.
Currently, MarginEdge is helping over 2,500 independent restaurants in 47 states with a team of over 300 people.
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