MarginEdge | November 17, 2021
Leading restaurant management platform, MarginEdge, announced 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.
"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."
-Bo Davis, MarginEdge CEO and Co-Founder.
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,"
-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.
MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. Based in Fairfax, VA and founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high impact product that resonates across the hospitality industry. For more information visit www.marginedge.com.
Bolt | December 28, 2020
Checkout platform Bolt has shut a financing round with $75 million, covering a year where it handled $1 billion in exchanges, as per a report by Venture Beat.
Bolt additionally observed a ten times increment in the size of its customer organization, alongside 250,000 added customers to its organization every month. The round observed the organization's valuation hit over $215 million. The round was driven by General Atlantic and WestCap, and existing financial specialists Activant Capital and Tribe Capital likewise partook.
Bolt was established in 2014 in San Francisco and chips away at instruments to smooth out web exchanges. While it at first centered around cash in online checkouts, the organization has stretched out to chip away at checkout and extortion recognition, incorporating with organizations like Shopify, Magento, BigCommerce, WooCommerce and Salesforce Commerce Cloud, as per the report.
Bolt manages extortion decrease through recognizing mouse pointer areas, composing rate and precision, reordering conduct, and other information encompassing browsing, cart and checkout. Clients hailed as being perhaps noxious can likewise offer and demonstrate that they aren't, the report says.
In light of a preprocessing technique allowing components to stack in under a second, Bolt can accomplish proficiency, the report says. Clients don't need to enter a billing address and the portable experience is no-scroll and over the overlay, with a post-checkout enrollment model allowing clients to stand by until after checkout to pursue an account.
There has been a surge in eCommerce this year because of the pandemic, at the expense of in-person shopping as people tried to stay clear of the coronavirus. Data from the IBM U.S. Retail Index showed that this accelerated the digital shift by five years, with eCommerce transactions for grocery orders alone hitting $5.9 billion, the report says.
Axe Payments | September 16, 2021
Axe Payments has executed an exclusive partnership with the Alaska Hospitality Retailers to provide payment processing solutions to AHR Members. Axe Payments Zero Processing Fees + Complimentary POS Program offers AHR members a comprehensive state-of-the-art Point of Sale (POS) solution with integrated payment processing and direct third-party ordering capabilities (such as Uber Eats, Grubhub, Door Dash). This value-add membership benefit is being offered completely free of charge to AHR members, meaning no start-up or monthly costs and zero credit card processing fees. Implementation, equipment, training and maintenance is all included and additional benefits include next day funding, robust reporting and 24/7 support (including Anchorage-based technicians).
“The AHR learned about Axe Payments from one of our own members, who thought Axe Payments cash discount program could benefit other members. The AHR is proud to partner with Axe Payments to deliver this offer to our members," said Silvia Villamides, Executive Director AHR.
"We are so excited about our win-win-win partnership with the AHR. For AHR members it means thousands to tens of thousands of dollars in savings per month, every month, plus a brand new POS system built for a post pandemic world. For AHR, it means continuing to provide new and exciting membership perks as well as additional support for their very important community initiatives, including their Meals Food Program. For Axe Payments, it means expanding our reach and delivering on our mission to help merchants thrive by eliminating the high costs of processing credit card transactions," said Sam Avello, President of Axe Payments.
About Alaska Hospitality Retailers
The Alaska Hospitality Retailers represents Alaska’s largest private sector of employers within the hospitality, tourism, and food service industries. The AHR represents a unified strong and powerful voice advocating on behalf of the AHR membership at the local, state, and federal levels. For more information, visit https://alaskahospitalityretailers.com/.
About Axe Payments
Axe Payments is a recognized leader in the payment processing industry. Nearly 20,000 businesses nationwide look to Axe Payments to help facilitate merchant processing strategies that save money without causing business disruption. Axe Payments Zero Processing Fees Program ensures merchants receive 100% of their purchase price, regardless of payment type, by automatically adding a 3.99% convenience fee to any customer transaction being paid by credit card. 100% of the purchase price is transferred into the merchant’s business account generally next business day, effectively ensuring payment equality, regardless of payment type.