MarginEdge Reviews

Pros

One-stop shopping for most numbers-based needs for the group. Really helped streamline digitizing invoicing, which added products, which we were then able to build inventories on. Terrific customer support if any hitches.

Cons

Most 'missing' features in the past have been added.

Pros

Record Retention - before Margin Edge came along, we saved every piece of paper - not any more. This tool was also extremely useful in managing the spend through the month, the category and profit loss tools are excellent bell-weathers for operations

Cons

In our case, our units are independent in terms of menu, so gathering group information has some steps that could be alleviated - I believe this is being worked upon for next version. There were a few other minor issues which the Margin Edge Team was so helpful in teaching my staff how to handle and view their

Pros

I like the ability to pay bills through Margin Edge. Inter company ordering

Cons

I have had trouble with the amount of time it takes for payments to reach Vendor's. Also tracking credits is not easy. In addition to having a major problem with some electronic payments.

Pros

Margin Edge combines an easy to use inventory and COGS platform, a kitchen recipe viewer, and a data entry service. Our managers really appreciate the additional time they are able to spend on the floor instead of in the office entering invoices. I find the team at Margin Edge extremely open to feedback about the product and very responsive to support emails. From an administration standpoint, the software is user friendly and direct. The removal of the duplicate maintenance of two recipe databases (one for kitchen viewing and one for target costing) has significantly lowered the number of hours required to run our business.

Cons

The system is still new, so there are some features that competitors have developed which are still being developed for margin edge.

Alternatives Considered

PAR Data Central

Reasons for Choosing MarginEdge

We needed a more reliable system.

Reasons for Switching to MarginEdge

The unique combination of data entry and ability to streamline our administrative tasks by housing recipes for target costing and kitchen view in one database.

Pros

MarginEdge makes it so simple and intuitive to manage your restaurant. Having immediate access to invoices purchase orders recipes, and sales information is critical in MarginEdge over delivers in both customer service, and helping us manage profitability on a day by day basis.

Cons

There are no cons w Margin Edge. The time you spend setting it up has paybacks that are greater than you could ever imagine.

Alternatives Considered

NorthStar

Reasons for Choosing MarginEdge

Ease of use. The capturing of line item detail (without entry). This speeds up the process, the reliability and ultimately our decision making, which is why this product is so critical for our profitability.

Reasons for Switching to MarginEdge

Ease-of-use and their recipe viewer product

Pros

The A/P component in and of itself paid for the product in reduced time spent inputting invoices/receipts. The inventory side, while there is a learning curve, has been great now that we are setup. We fully use the recipes, menu engineering and theoretical usage reports.It is part of my start to every day.Like the Budget summary. The combination of Budget and the P&L allow me to customize what I want my team to view and helps us track to metrics.

Cons

There are some things we would very much like 1) Waste Log. All the information is in ME to integrate a wastelog and it would be great to add to the variance report. 2) Menu Analysis using gross sales rather than net. We integrate with Toast and it may be a function of what Toast makes available. We LOVE the menu analysis but based upon our discounting program - it skews our view and requires us to focus more on the theoretical usage report and Menu items rather than the menu analyses. 3) Forecasting. Would be very nice to have an annual and monthly forecast integrated into the system.

Pros

I think the recipe building and costing functions are great. Inventory is easy to use on mobile devices which our managers like. Menu Analysis has been very helpful with pricing and ingredient sourcing.

Cons

Integration of new products and sifting through vendor products could be a bit easier to navigate. It took me quite some time to figure out the easiest way to get the information I was looking for.

Pros

There are so many Pro's 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!

Cons

I really can't see any Cons here. Setting up can take a little time, but once it's set up, you're done!

Pros

ME is great because it can do invoice management and inventory management for front and back of house.

Cons

ME could be better with it's app. The app does seem like there is a lot of room for improvement with features. The website can bug out occasionally during recipe building.

Pros

Analysis of purchase/menu data is very helpful

Cons

Adding more push reports will increase the value of the tool

Pros

This software is super easy to set up and implement. My management team had no issues.

Cons

There is nothing I have issues with in Margin Edge.

Pros

We have been in business for 27 years and this has been the one biggest and most effeicent changes we have made with regard to inventory management. Highly recommend! Easy to implement and learn. Very quick to set up. The recipe costing has been an added bonus - real time costs on everything at your finger tips. It's been a real eye-opener.

Cons

I wish we could choose the Price Alerts in bulk with a quick check list instead of having to select them one-by-one. It is a bit tedious to set up.

Pros

Daily polling sales are great! This minimizes daily journal entries.
Invoices coding are great, helps with manual entry.
Theoretical costs are great, really delve into how each item is used in various recipes.

Cons

Sometimes the OCR technology is not able to break down complicated invoices.

Example: Tshirts with different sizes on the same line instead of broken out as separate lines.

Pros

Being able to enter invoices on the phone app.

Cons

The delay in invoices posting makes it less than ideal to catch things posted to the wrong category

Pros

Recipe costing is accurate because prices update, so you always have a recent price.

Cons

Maintenance on products is required almost daily to make sure items are allocated correctly

Alternatives Considered

QuickBooks Enterprise and Toast POS

Pros

Margin Edge enabled my team to easily manage inventory and to quickly send images of invoices that used to be manually coded and ledgered

Cons

I am hoping they will implement the labor tools with our LINGA POS soon so we can utilize the system more.

Pros

it´s easy to use the information is very friendly

Cons

the information that i changed in my account affects the other restaurant as well, the other issue that we have is the shrink we dont have a section in margin edge to enter alll the shrink taht we have and we cant discount that products for our inventory

Pros

ME is very user friendly. As I explore more of the options for inventory, I become increasingly comfortable with the program.

Cons

I have not found anything that I do not like so far, but would like to see if a scan gun and scale for measuring bottles can be incorporated with the inventory function. Would be nice to be able to more accurately weigh bottles.

Pros

Margin Edge truly opened our eyes when it came to menu item costs. ME takes into consideration all of the little things that when building your menu you sometimes overlook from the seasonings that you use to even say bread crumbs. It made a huge difference in costing out our menu.

Cons

When it comes to entering your recipes some of the conversions are difficult but well worth the time.

Pros

That it can integrate and have a better idea what invoices are currently at hand.

Cons

That at times invoices are put in with a credit without actually receiving the vendor credit.

Pros

Nothing very hard to use . Extremely tedious.

Cons

Everything was hard to use and made no sense. It did not serve any purpose.

Pros

Digitally captures and codes all invoices which has added consistency and transparency for management and accounting.

Cons

It is sometimes hard to get folks comfortable with new technology.

Pros

Easy review and transfer of sales items to Accounting Software

Cons

No problems at all, implementation was a breeze

Pros

lots of the features that attract me to choose ME. like Invoice processing with line items, inventory management, a small portal with P&L. budgeting.

Cons

invoice processing turnaround time. Vendor managementuser managementpayment sync for auto-ach vendorsAP Aging detailed and summary

Alternatives Considered

Craftable

Pros

As a Pro-Advisor to Quickbooks, my company handles many restaurants and this system has been a game changer! It seamlessly integrates with Quickbooks, helps in managing time, cost of goods/inventory, etc. to significantly assistant the restaurant owners in managing their business.

Cons

The ONLY drawback I have seen is when a restaurant is not menu based, then the inventory feature does not work properly. You also, as with any integrated system, need patience at time in the set up process; however, once it is up and running it works really well.