MarginEdge Company Market Research Report
Company Overview
Name: MarginEdge, Co.
Mission: MarginEdge strives to empower restaurants with a holistic software solution, providing exceptional service akin to what restaurants offer their guests. The company focuses on simplifying restaurant operations by enabling better decision-making through real-time insights.
Founded: No information is available.
Key Founders:
- Bo Davis (Co-Founder and CEO) - Prior founder of Wasabi, has experience with the US Peace Corps, and holds a Finance degree from London Business School and Data Science degree from Northwestern University.
- Roy Phillips (Co-Founder, Client Services) - Previously a Joint Venture Partner with Bloomin Brands, developed Bonefish Grill in the mid-Atlantic.
- Brian Mills (Co-Founder, CTO) - Software developer by training and an early member of Starfish Retention Solutions.
Key People in the Company:
- Bo Davis - CEO
- Roy Phillips - Client Services
- Jess Finnefrock - Chief Operating Officer
- Kristyn Reed - Chief Financial Officer
- Tara Clever - SVP, Marketing and Partnerships
- Bob McKay - SVP, Business Development
- Steven Baehr - VP, Data Science
- Suzette Hoffman - VP, Client Services
- Josh Leaverton - VP, Product Development
- Brian Skrab - VP, Software Architecture
Headquarters: 4200 Wilson Blvd., Suite 1100, Arlington, VA 22203
Number of Employees: No information is available.
Revenue: No information is available.
Known For: MarginEdge is recognized for providing a comprehensive restaurant management software platform that automates invoice processing, cost management, inventory and food usage, menu analysis, and back-office efficiencies, ultimately designed to save restauranteurs from tedious paperwork and enhance their operational efficiency.
Products
Overview
MarginEdge offers a suite of software solutions tailored for the restaurant industry, focusing on operational efficiency and better cost management. Below are the key features of each product:
1. Automated Invoice Processing
- Description: Aims to eliminate manual invoice data entry by automating the process.
- Features: Upload and categorize invoices according to restaurant needs.
2. Cost Management
- Description: Provides detailed insights into restaurant costs.
- Features: Daily P&Ls, food usage and waste tracking, real-time cost updates.
3. Inventory and Food Usage
- Description: Simplifies inventory counting and analysis.
- Features: Calculates food usage based on purchases and sales vs. current inventory.
4. Menu Analysis
- Description: Offers menu engineering tools without needing a math degree.
- Features: Pinpoints profitable menu items based on real-time ingredient prices.
5. Back Office Efficiencies
- Description: Streamlines back-office tasks from bill payments to accounting integration.
- Features: Comprehensive system integration, even for multi-unit restaurant operations.
6. For Accountants
- Description: Tailored solutions for accounting needs within the restaurant industry.
- Features: No specific features listed.
Recent Developments
- Innovative Partnerships: On March 11, 2024, MarginEdge partnered with Mastercard to develop digital solutions for U.S. restaurants.
- POS Integration: On February 27, 2024, the company integrated its services with Arryved POS to streamline brewery operations.
- Industry Recognition: MarginEdge was recognized in the Inc.'s Power Partner Awards and Washington Business Journal's Fastest Growing Companies list in 2023.
- Employee Satisfaction: MarginEdge was ranked #7 on Glassdoor’s Best Places to Work in 2024.
- Technology Expansion: Continuous focus on transforming the restaurant industry with technology, automating manual tasks to provide more time for restaurant operators.
This report consolidates the available data to provide a comprehensive view of MarginEdge's current market position, product offerings, and recent strategic developments.
