Prime Cost Data Daily
MarginEdge can show you your Prime Costs Daily - eliminating any surprises at the end of the month.
Here are some of the many ways we put you in the driver’s seat of prime costs.
Daily Controllable P&L
View your sales and cost data all in one place, updated daily. No more surprises at the end of the month!
Budget Tracking in Real-time
Track actual spend vs. targeted spend for cost categories (including labor) through-out the period, all updated in real-time.
Theoreticals vs. Actuals
Since we know what you buy (invoices), what you sell (POS connection) and what you have on hand (inventory) we’ll show you any discrepancies and what impacts they have.
Recipe Costing
Know how much your prepped and plate items are costing you in real-time. While we’re processing your invoices, we’ll update your bill of materials on recipes.
Price Alerts & Price Movers
Easy-to-read price movers charts show you what’s happening with your vendor pricing. Custom alerts send you an email when key ingredient prices change.
Labor Summaries
View labor costs broken out by category, employee, or job title. MarginEdge can give you the data you need to schedule efficiently for shifts by reviewing labor performances by day or by week.
Here are some of the many ways we put you in the driver’s seat of prime costs.
Daily Controllable P&L
View your sales and cost data all in one place, updated daily. No more surprises at the end of the month!
Budget Tracking in Real-time
Track actual spend vs. targeted spend for cost categories (including labor) through-out the period, all updated in real-time.
Theoreticals vs. Actuals
Since we know what you buy (invoices), what you sell (POS connection) and what you have on hand (inventory) we’ll show you any discrepancies and what impacts they have.
Recipe Costing
Know how much your prepped and plate items are costing you in real-time. While we’re processing your invoices, we’ll update your bill of materials on recipes.
Price Alerts & Price Movers
Easy-to-read price movers charts show you what’s happening with your vendor pricing. Custom alerts send you an email when key ingredient prices change.
Labor Summaries
View labor costs broken out by category, employee, or job title. MarginEdge can give you the data you need to schedule efficiently for shifts by reviewing labor performances by day or by week.
“Adding Labor analytics has further bolstered the impact that MarginEdge has on our operations. Our management teams now utilize the automated, real-time Controllable P&L tool to control the Big Three: Sales, Food and Labor.”
– Dan Tufts, Vice President, Buffalo Wing Factory
“Adding Labor analytics has further bolstered the impact that MarginEdge has on our operations. Our management teams now utilize the automated, real-time Controllable P&L tool to control the Big Three: Sales, Food and Labor.”
– Dan Tufts, Vice President, Buffalo Wing Factory
A Closer Look…
Daily Controllable P&L
• Evaluate prime costs on your P&L – updated daily!
• Our customizability on categories and cost allocation makes it easy to view your P&L exactly how you want it.
• Our commitment to processing your invoices in 24-48 hours and our nightly pull from your POS assures your P&L is up to date and updating automatically.
Budget Tracking
• This visualization of spending throughout the period can help keep your team accountable.
• Each restaurant can customize which categories they want to track and how granular they want to be about it.
• As always, we’re automatically updating these reports within 24-48 hours of receiving your invoices.
Theoreticals vs. Actuals
Understand the gap between what you’re using up and what you’re selling by tracking the variance. With our POS connection, beloved inventory platform, and ability to map modifiers, we’re able to deliver these reports to help identify profit leaks.
Recipe Costing
Understanding plate costs in terms of margins and dollars is crucial, especially when components of a recipe have changing prices. Here’s a tool that makes it easy to see how cost and quantity changes can impact a total recipe.
You can view recipes in most recent prices, or an average over any period you select.
Price Alerts
MarginEdge will send you an automatic email as soon as prices on an invoice come in at unexpected costs – that way, you can speak with the vendor right away or make any changes to ordering going forward.
Price Alerts
MarginEdge will send you an automatic email as soon as prices on an invoice come in at unexpected costs – that way, you can speak with the vendor right away or make any changes to ordering going forward.
Price Movers
View cost behavior on ingredients. We’ll graph the prices of an ingredient for any length of time you choose. You’ll have different options for sorting your ingredients like total dollar impact or unit impact. Want to look at more than just ingredients? This tool can be used for anything, from to-go containers to consulting fees.
Labor Summaries
We’ll pull hourly salary data from your POS nightly, you’ll put in salary data in once manually, and from there we’ll calculate your labor costs throughout the period. You can choose to attribute salary costs over five days a week, seven days a week, or any days you choose.
Before we had MarginEdge, we weren’t doing inventory so our food costs were just based on purchases. Now we’re incorporating inventory, and analyzing those changes in inventory has been really helpful from a food cost perspective.
8315 Lee Highway, Suite 501
Fairfax, Virginia 22031
703-682-0999 x2
Talk to Sales - 703-682-0999 x2
Chat with Support
Request a Demo