MarginEdge's automated invoice processing allows restaurants to submit invoices through various methods, including scanning and uploading. The system codes invoices within 48 hours, updates product prices, and integrates with accounting systems, reducing administrative tasks and providing accurate food cost insights.
Vendor
MarginEdge
Company Website
Automated invoice processing
You take a picture. We take care of the rest.
OVERVIEW
No one gets into the restaurant business for the paperwork.
Never enter and code invoice data again. Let [me] help you reclaim your time so you can spend it doing more of what you love.
SUBMISSION
Many ways to send, one place to look
Turn your invoices into information you can use this week — not after the period ends.
- Five ways to send - scan, upload, email, snap a photo with your smartphone, or order through EDI
- Digital copies are shared and stored so you can kiss paper storage and bookkeeper pickups goodbye
- Automatically send your invoice line-item data to your accounting system
CODING
86 time spent on admin tasks
We automatically update product prices as new invoices come in minimizing mistakes, saving your team hours of work and giving you accurate insight into your food costs.
- Invoices are coded in under 48 hours so you have up-to-date and accurate food costs
- Nuances (and hand-written scribbles) are all digitally captured thanks to a powerful combo of tech and actual humans with actual restaurant experience
- Our experts automatically connect your vendor items to products so you don’t have to make any changes to your recipes or inventory sheets if you choose to order from a new vendor
APPROVAL
Approve invoices in your sleep
Set up a review process to control approval of your restaurant's invoice uploads before they’re sent to your accounting system.
- Set approvals rules for product categories and vendors
- See all expenses on one screen, in one place
- Or skip this process completely and set expenses to automatically sync with accounting
REPORTING
Know what was spent in real time
Having one up-to-date home for your data means your operations and accounting teams see the same numbers at the same time, so they can work together on strategy and growth.
- Real-time financial reporting for real-time decision-making
- More accurate & complete numbers when your team sends us all the invoices for digitizing and coding as they come in
- Single source of truth for restaurants and restaurant accountants