MarginEdge
MarginEdge is a restaurant management software that automates invoice processing, tracks real-time food costs, and integrates with POS systems to help you eliminate paperwork and maximize your profitability.
Restaurant365
Restaurant365 is an all-in-one restaurant management software that integrates accounting, inventory, scheduling, and payroll into a single cloud-based platform to help you control food costs and increase store profitability.
Quick Comparison
| Feature | MarginEdge | Restaurant365 |
|---|---|---|
| Website | marginedge.com | restaurant365.com |
| Pricing Model | Subscription | Subscription |
| Starting Price | $300/month | $469/month |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2015 | 2011 |
| Headquarters | Fairfax, USA | Irvine, USA |
Overview
MarginEdge
MarginEdge is a comprehensive restaurant management platform designed to take the manual labor out of your back-office operations. By simply snapping photos of your invoices, you can automate data entry, track price fluctuations in real-time, and keep your inventory counts accurate without the headache of spreadsheets. It bridges the gap between your POS system and your accounting software, giving you a daily view of your prime costs and controllable expenses.
You can manage multiple locations from a single login, making it easier to spot trends and identify where you might be losing money on food waste or rising supplier costs. Whether you run a single independent cafe or a large multi-unit franchise, the platform helps you gain total control over your margins by providing the data you need to make smarter purchasing decisions every day.
Restaurant365
Restaurant365 provides you with a unified platform to manage every aspect of your restaurant operations. Instead of jumping between disconnected systems, you can handle your accounting, inventory, and labor management in one place. This integration allows you to see your true food costs and labor expenses in real-time, helping you make faster decisions that protect your margins.
You can automate manual tasks like invoice processing and bank reconciliations while gaining deep visibility into your store's performance through detailed reporting. Whether you run a single independent location or a national franchise, the software scales to meet your needs by connecting directly with your POS system and broadline food distributors to streamline your entire back-office workflow.
Overview
MarginEdge Features
- Automated Invoice Processing Snap a photo of any invoice and let the system automatically extract line-item data for your accounting and inventory.
- POS Integration Connect your point-of-sale system to see daily sales data alongside your real-time food costs and labor expenses.
- Recipe Costing Build digital recipe cards that update automatically as ingredient prices change so you always know your exact plate costs.
- Inventory Management Conduct digital counts on your mobile device and instantly see your theoretical versus actual usage to identify waste.
- Bill Pay Pay all your vendors electronically directly through the platform to save time on manual check runs and mailing.
- Theoretical Food Costing Compare what you should have spent based on sales against what you actually spent to find missing profit.
- Commissary Tools Manage internal orders and production if you operate a central kitchen serving multiple restaurant locations or brands.
- Performance Reporting Access daily P&L statements and category-level spending reports to catch budget variances before they become major problems.
Restaurant365 Features
- Integrated Accounting. Manage your general ledger, accounts payable, and financial reporting with a system built specifically for restaurant industry requirements.
- Smart Inventory. Track your theoretical versus actual food costs and automate your ordering process to reduce waste and prevent overstocking.
- Labor Scheduling. Create employee schedules based on sales forecasts and track labor targets to ensure you stay within your budget.
- AP Automation. Scan and digitize your paper invoices automatically to eliminate manual entry errors and speed up your payment cycles.
- Manager Logbook. Communicate across shifts and track daily notes, weather impacts, and staff performance in a centralized digital record.
- Custom Reporting. Build detailed financial and operational reports to identify trends across multiple locations and improve your bottom line.
Pricing Comparison
MarginEdge Pricing
- Unlimited users and invoices
- Automated line-item data entry
- POS and Accounting integrations
- Real-time recipe costing
- Inventory and waste tracking
- Daily P&L reporting
- Everything in Full Platform, plus:
- Centralized commissary management
- Inter-unit transfers
- Consolidated corporate reporting
- Dedicated account management
- Custom implementation support
Restaurant365 Pricing
- Financial accounting
- Accounts payable automation
- Bank integration
- POS integration
- Financial reporting
- Manager logbook
- Everything in Essential, plus:
- Inventory management
- Recipe costing
- Food waste tracking
- Smart ordering
- Labor scheduling
Pros & Cons
MarginEdge
Pros
- Eliminates hours of manual data entry
- Excellent integration with major accounting software
- Highly responsive customer support team
- Accurate line-item detail for every invoice
- Easy-to-use mobile app for inventory counts
Cons
- Initial setup and recipe building takes time
- Handwriting on invoices can occasionally cause errors
- Learning curve for the reporting interface
Restaurant365
Pros
- Eliminates manual data entry between POS and accounting
- Provides excellent visibility into theoretical food costs
- Streamlines multi-unit reporting into a single view
- Strong integration with major food distributors
- Simplifies the period-end closing process significantly
Cons
- Significant time investment required for initial setup
- Learning curve can be steep for non-accountants
- Mobile app functionality is more limited than desktop
- Customer support response times can vary