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MarginEdge Reviews & Product Details - Page 2

MarginEdge Overview

What is MarginEdge?

MarginEdge is a restaurant management software that uses the power of both POS and invoice data to show you your food and labor costs in real-time - enabling you to make impactful decisions in the moment. MarginEdge radically streamlines key activities like invoice entry and approval, inventory, ordering, recipe costing and bill payment, while providing powerful tools to run your BOH like live budget and cost-tracking, recipe analysis and sales reporting. Made for both the operator and their bookkeeper, MarginEdge currently integrates with 50+ POS systems and 15 accounting systems. As a team built by former (and current!) restaurant operators, part of our mission is to bring operators the same energy, attention to detail, and passion that they bring to their guests. Our culture is deeply rooted in service, partially because that’s where so many of our team came from, but also because we believe it is just the right way to run a business. We design our software with profound empathy for the complexity of running a restaurant, and the goal of making the magic just a little easier for operators by taking the complex (read: very annoying) back office tasks off their plate, while empowering them with real-time data. We are die-hard restaurant fans, and do whatever we can to lend a helping hand whenever it’s needed. Our solutions were built for the purpose of making operators’ lives easier, so as we grow, we will continue on that path bringing data and best practices to our clients and industry at large.

MarginEdge Details
Product Website
Languages Supported
English
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Product Description

MarginEdge offers the first restaurant solution to combine paperless invoice processing with POS and accounting integrations - giving you a real-time understanding of food and recipe costs, actual vs. theoretical analysis, and a daily controllable P&L. Take pictures of your invoices and we code 100% of the information into your chart of accounts, including hand written adjustments. Manage food costs, inventory, recipes and all aspects of your AP with unlimited bill pay - all for one flat monthly fee.

How do you position yourself against your competitors?

MarginEdge offers automated invoice processing, unlimited free bill pay, recipe costing, and seamless accounting and POS integrations. With MarginEdge, you can take pictures of invoices and products and SKUs are related across vendors and directly synced to your accounting system. Bill Pay is free with the subscription and there’s no limit on the number of payments. All invoices, payments, sales, and inventory entries are coded automatically to your chart of accounts, and credits are tracked. Recipe costing allows you to craft, cost, and control all of your recipes from a centralized platform. MarginEdge also offers white glove onboarding and end-to-end support, including unlimited email support, a help site, and live training sessions.


Seller Details
Company Website
Year Founded
2015
HQ Location
Arlington, VA
Twitter
@marginedge
189 Twitter followers
LinkedIn® Page
www.linkedin.com
1,081 employees on LinkedIn®
Description

MarginEdge is a technology company that offers a comprehensive restaurant management platform designed to streamline operations, improve financial visibility, and enhance profitability for food service businesses. Their solution integrates invoicing, inventory management, and reporting tools, enabling restaurant owners and operators to gain real-time insights into their costs and performance. With a focus on simplifying the back-of-house processes, MarginEdge aims to help restaurants make data-driven decisions and optimize their financial health. For more information, visit their website at [marginedge.com](https://www.marginedge.com).


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Overview Provided by:

Recent MarginEdge Reviews

RH
Ryan H.Small-Business (50 or fewer emp.)
4.5 out of 5
"Provides a lot of functionality, helps determine costs and items that are missing"
Having the invoices being ingested then being able to do inventory, receipes and other functions with the items that are available. There is a lot ...
Heather M.
HM
Heather M.Mid-Market (51-1000 emp.)
4.5 out of 5
"All in one invoice and inventory manager"
It's a strong tool to help us with our restaurant business. We can go to marginedge for pricing out menu items as well as for price alerts, menu an...
Katie A.
KA
Katie A.Mid-Market (51-1000 emp.)
5.0 out of 5
"Super easy to use!"
I love that I can contact someone directly and MarginEdge is always very efficient to respond and help me out. All the help articles are detailed b...
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MarginEdge Media

MarginEdge Demo - Automated invoice processing
You send us your invoices, and we process them in 24-48 hours. No more spreadsheets. No more stacks of paper. No more manual entry! Save countless hours on admin work, so you can focus more time on the profit centers of your business.
MarginEdge Demo - Better inventory management tools
Better inventories = better control over food costs. MarginEdge makes taking inventory easier, faster, and more informative, so you can maximize your time and profitability. We process invoices in 24-48 hours, so product prices are automatically updated and new products are already on inventory c...
MarginEdge Demo - Powerful financial reporting
MarginEdge uses POS and invoice data to generate powerful reports. Get a daily controllable P&L, track food and labor costs in real time, see actuals vs. theoreticals, track budgets, and more all from one central location.
MarginEdge Demo - Centralized recipe management
Recipes impact everything from profitability to staff training. MarginEdge’s recipe management is a centralized solution that calculates plate costs, automatically updates ingredient prices for you, and provides a single, shared playbook for your entire team, even if you have multiple locations.
MarginEdge Demo - Unlimited bill payments
Whether it's Gordon Food Service or a liquor distributor, MarginEdge lets you easily manage and pay all your bills from one central location in just a few clicks, saving you time and money.
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22 MarginEdge Reviews

4.4 out of 5
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22 MarginEdge Reviews
4.4 out of 5
22 MarginEdge Reviews
4.4 out of 5

MarginEdge Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for MarginEdgeQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Luke D.
LD
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about MarginEdge?

the organization of the website. It keeps everythign very organized. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

It can be a bit user unfriendly at times. It takes a while to get everything inputted but once its there it is RTG. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

creating multiple lists and files to store all of our information Review collected by and hosted on G2.com.

Response from Jennifer Burdick of MarginEdge

Hey Luke,

Thanks so much for the review and sharing your [me] experience - it really helps us better understand where we're hitting the mark, and where to prioritize our improvement efforts. To that point, if you're up for sharing more about what specifically feels unfriendly when navigating the site / app - shoot us a note at hello@marginedge.com, as we'd be eager to dig in further and relay the feedback to our product team. Thanks again!

Verified User in Restaurants
AR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about MarginEdge?

I can quickly view sales, product, inventory, and cost data all in one place. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Some of the features require some time to learn and at times I need to contact support/help desk to figure things out. They have always answered the questions. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

All data on hand quickly and in one place. Saves me a lot of time. Also saves me time when I am entering invoices. Review collected by and hosted on G2.com.

Response from Tracy Scott of MarginEdge

Thanks so much for taking the time to review MarginEdge, the team gets a collective smile every time a review notification hits our inbox. We're thrilled to hear you are saving time by accessing your restaurant information quickly and all in one place - sending you a virtual high five! Our goal is elimination of manual data entry and giving you more time to spend with staff and guests, happy to see we are helping you get out of the back office. Really appreciate you have been reaching out to our support team when you need assistance, they are happy to assist.

Verified User in Restaurants
AR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about MarginEdge?

Seeing invoices from all stores. Tracking sales and spending. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Nothing yet. I know that I have much to learn and am eager to do so! Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

Tracking invoices and spending. Recipe maintenance. Sales tracking. Review collected by and hosted on G2.com.

Response from Tracy Scott of MarginEdge

Thank you for providing a review! We are super exited to see you are eager to learn more about the capabilities of MarginEdge, it warms us up like a grilled cheese and tomato soup. Appreciate you calling out what you like best, glad it helps you keep eyes on spending and sales from one central location.

Verified User in Restaurants
UR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about MarginEdge?

The thing that is most helpful is the accessibility of spending and sales. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Some invoices may take a while to process. Everything usually gets entered in a timely manner, though. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

Invoice coding, and getting financial numbers ready for weekly meetings. Review collected by and hosted on G2.com.

Trey H.
TH
Vice President, Financial, Legal & Administrative Matters
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about MarginEdge?

Where to start? From the very beginning, our overall experience with Margin Edge has been outstanding. The sales team allowed us to proceed with product evaluation at our own pace, without ever being rushed. The implementation team was extraordinary -- they did most all of the "hard work" and then just trained us on use of the software and relevant features. Oh, and the technology/platform is extraordinary and continues to evolve/improve with the addition of more robust features - it has literally changed our company, and we're just scratching the surface of ME functionality. Finally, and perhaps most important, the ME team is an incredible group of people: smart; easy to work with; responsive; and as dedicated to customer service as they are technological enhancement. Wish I'd found them 3 years before I did! Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

At some point ME customer support will have to expand beyond "bankers hours" (weekdays 9-5) given significance of weekend restaurant activity. But for now they more than make up for it with their service during the week. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

In a matter of days following implementation, Margin Edge increased our accounting and financial reporting efficiencies by a literal order of magnitude; it has also reduced human error associated with prior data-entry activities and enhanced our reporting processes. The software is also sufficiently nimble to accommodate changes in our own systems, like the new online platform we are in the process of launching. Review collected by and hosted on G2.com.

James B.
JB
CEO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about MarginEdge?

We now run inventories and can identify issues leading to higher food costs. We don't need to worry about over portioning or other loss as the software can help us identify the problems so we can solve them. We have our recipes in and they are compared to our sales to make sure we our costs are hitting our target Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Nothing I can think of. We don't have any issues. Review collected by and hosted on G2.com.

Recommendations to others considering MarginEdge:

It is super easy to set up. Your staff only needs to scan invoices. You will need your recipes for everything you sell. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

We know our actual food costs by comparing recipes of products to the purchases of product and sales of menu. Review collected by and hosted on G2.com.

Patricia F.
PF
Owner
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MarginEdge?

I own accounting service that had sworn off doing restaurant work because of the vast amount of paper involved. Most of my time was spent tracking down Sales and COGS info and could never do any real analysis. A couple years ago I discovered Orderly and used that service for a year or so until they eliminated the integration with QuickBooks Online. I went searching and found MarginEdge. It. Changed. Everything.

There are so many great features it's hard to list them all... MarginEdge eliminates so much data entry, tracking down invoices, tracking down item prices, integrates with so many POS systems, integrates with QuickBooks Online and the Bill Pay service is AMAZING!! I also love that after scanning the invoices I can toss the paper, everything is in one place! Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Hard to list any dislikes here. The software is so helpful. Review collected by and hosted on G2.com.

Recommendations to others considering MarginEdge:

My only advise is to get started a soon a possible. The set up take a little time, but once it's set up, it runs itself. You'll be amazed. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

Not only does it help me take care of the avalanche of paper I used to have to deal with on a daily basis, but now we can get real Food cost, ingredient pricing alerts, etc. And I can deliver financials fast! My clients think I'm a genius. Review collected by and hosted on G2.com.

DP
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about MarginEdge?

At the end of the day, most of the systems in this line are pretty much the same. It really come down to ease of use and service.

Can I use the product effectively and if I can't can I get help to use it.

Margin Edge is really on top of the game here, especially when it comes to service. Usually any issues are resolved within 24 hours. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Sometimes the OCR does not pick up on the super complicated invoices. Especially when it comes to 1 item with multiple colors and sizes but to be fair, I also have problem reading those invoices. Review collected by and hosted on G2.com.

Recommendations to others considering MarginEdge:

Make sure that you understand your part in setting up the product. If you are not dedicated to write out the recipes or uploading the invoices or do inventory, then it won't work. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

Polling daily sales numbers from POS is a great tool and save time on manual entry.

Using inventory to track what button is being push or being typed in to track requests flowing through the bar/kitchen - How many time did James write in "Extra Chicken" over a week of time and why did James continued to do it?

Theoretical to see what was suppose to use and what is being used and use that information to push back to inventory corrections, invoice corrections, recipe corrections, plate build corrections...etc... Review collected by and hosted on G2.com.

SH
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about MarginEdge?

MarginEdge is easy to use and is a great tool for keeping a close eye on all aspects of my business. I look at it every day to track cost of goods, labor cost and the price of products that come in. It's very useful in pinpointing loss. MarginEdge is also a great tool on the bookkeeping and accounting side of things - we have been able to manage additional venues with the same office staff because much of the heavy work has been taken off their plates. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

Not much that I don't like. The set up is a lot of work, but ME helped us get up and running. We looked at similar software and all of them had a lot of set up work that had to be done. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

Tracking cost of goods, and P&L on an almost daily basis has been a huge help. The invoice upload function allows us to handle more venues with less office staff. Pinpointing loss quickly . Review collected by and hosted on G2.com.

Crystal H.
CH
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about MarginEdge?

The interface is very user-friendly and integrates seamlessly with several of our POS systems. The customer service is fantastic. Review collected by and hosted on G2.com.

What do you dislike about MarginEdge?

They can be a little picky when it comes to the data uploads - requesting resubmissions when the original submission was clear. Review collected by and hosted on G2.com.

Recommendations to others considering MarginEdge:

MarginEdge is a wonderful product that delivers on its promises. Review collected by and hosted on G2.com.

What problems is MarginEdge solving and how is that benefiting you?

MarginEdge has been very helpful with our company expansion - relieving the administrative burden of data entry while giving all levels of management real-time insight into inventory levels, variance detection, price increases, COGs, and revenue. Review collected by and hosted on G2.com.