ARLINGTON, Va., July 12, 2022 /PRNewswire/ — Leading restaurant management platform, MarginEdge, is thrilled to announce its partnership with iControl, a leading B2B payment solution that is helping solve alcohol payment pain points in the beverage industry. Restoration. This partnership demonstrates both companies’ continued commitment to the success of restaurant owners and their employees.
iControl is registered and approved by state regulators in all 50 states to conduct Electronic Funds Transfers (EFT) transactions as a Cash on Delivery (COD) equivalent. By ensuring restaurants stay compliant and digitizing the payment process, iControl is able to not only ensure on-time payments, but also reduce risk in the traditional cash-intensive payment process.
“As a current restaurant owner, I know how frustrating but important paying for alcohol can be,” the CEO of MarginEdge said. Bo Davis. “Balancing regulations, having cash and minimizing the risk of internal theft to pay liquor vendors can be a nightmare, and that’s why MarginEdge is so excited to partner with iControl. I even use iControl for my own restaurant.”
Now, as a dedicated partner, iControl offers MarginEdge customers an easy, compliant, and electronic way to pay their liquor bills, further enhancing MarginEdge’s Bill Pay functionality.
“Our restaurant customers – still reeling from COVID-19 – are now facing a growing inflationary environment, staff shortages and supply chain issues,” said Don Voss, Chief Revenue Officer at iControl. “We are excited to offer our restaurant customers a full suite of truly holistic tools to better manage their back-of-house operations, tackle rising costs, and save crucial time with reporting and management. ‘MarginEdge data automation.
MarginEdge seamlessly integrates with over 55 point-of-sale systems, equipping users with tools to manage daily auditable P&L and sales data. The platform then integrates seamlessly with users’ accounting systems, ensuring the automatic flow of invoice, credit and payment data, and provides robust performance reporting, including theoretical food usage and menu analysis to help identify profit leaks and combat rising food costs.
MarginEdge’s mission is to create a world where restaurateurs can focus on the business they love. Using best-in-class technology to eliminate unproductive paperwork and streamline operational data flow, MarginEdge reinvents the back office and empowers restaurants to focus more time on their culinary offerings and guest experiences. Situated at Arlington, Virginia and founded by industry veterans, MarginEdge serves a diverse group of operators ranging from individual units and small chains to large franchise and hospitality groups, delivering a high-impact product that resonates across the hospitality industry. For more information, visit www.marginedge.com.
iControl is the only one-stop-shop for virtually all of your food and beverage B2B payment needs, helping you dramatically increase your margins. Now, retailers can leverage an electronic liquor payment solution to pay their bills, stay compliant, and get maximum returns on the liquor category. Those in need of consignment solutions can leverage a digitization-based trading system to streamline logistics with trading partners, improving cash flow and maximizing inventory. Get daily on-site liquor sales data from over 40,000 bars and restaurants nationwide to help you make smarter decisions. It’s no wonder that over 44,000 retailers and over 3,600 vendors trust iControl to handle their B2B payments. All-in-one secure solution to manage all payment programs, effortlessly. For more information, visit https://www.icontroldata.net/.
Elise Burke/5034597545/[email protected]
SOURCE Margin Edge