MarginEdge announced that SpotOn had selected it as a restaurant inventory management partner. This partnership demonstrates SpotOn's commitment to democratizing technology for restaurants of all sizes, bringing them closer to becoming a fully integrated "one-stop-shop" for restaurant technology while expanding MarginEdge's integration capabilities with a leading provider of Point-of-Sale systems.
SpotOn has been delivering software and payments solutions to small, medium, and large enterprises since 2017, focusing on restaurants and their integrated POS systems. With their comprehensive offering, restaurants can manage their companies from top to bottom, from payments to staff scheduling.
SpotOn just launched 'Points of Profit' to illustrate how flexible; integrated technology can help restaurants defend their profit margins from inflation and break out of the 5–7% profit margin plateau. In addition, with MarginEdge as a partner in inventory management, SpotOn clients receive even more information about making sound business decisions that benefit their bottom line. This connection provides an entirely consolidated view when combined, aggregating both front-of-house and back-of-house data in a single location.
This seamless integration will provide users with tools to manage daily controllable profit and loss statements and sales data, as well as seamless accounting integration via the automatic flow of data from invoices, credits, and payments, and robust performance reporting, which will include theoretical food usage and menu analysis to assist in identifying profit leaks and rising food costs.
"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."
Ben Pryor, Director of Innovation at SpotOn