News from the Wire

MarginEdge, iControl partner on B2B alcohol payments

Monday, September 26, 2022 — 15:50:56 (EDT)

JACKSONVILLE, FLA. (PRWEB) SEPTEMBER 24, 2022--Leading B2B alcohol payment solution for the food and beverage industry, iControl, is excited to announce its partnership with MarginEdge, a top restaurant management software solution. This partnership demonstrates both companies’ continued commitment to the success of restaurant operators and their employees.

MarginEdge seamlessly integrates with more than 60 POS systems, equipping users with tools to manage daily controllable P&Ls and sales data. The platform then integrates with users’ accounting systems, ensuring the automatic flow of data from invoices, credits, and payments, and provides robust performance reporting including theoretical food usage and menu analysis to help identify profit leaks and combat rising food costs.

"Our restaurant clients — still reeling from COVID-19 — now face a rising inflationary environment, staffing shortages, and supply chain issues," stated Don Voss, Chief Revenue Officer at iControl. "We're excited to bring our restaurant clients a truly holistic, full suite of tools to better manage their back-of-house operations, tackling rising costs and gaining crucial time back thanks to MarginEdge's data reporting and automation."

With iControl’s electronic payment capabilities, MarginEdge clients will gain a simple, secure way to make alcohol payments, access scan-based trading, and gain further POS data from a syndicated POS database of on-premise beverage alcohol. By offering these assets to MarginEdge clients, iControl bridges the gap restaurants face when serving and purchasing alcohol.

“As a current restaurant owner, I know how frustrating but important making alcohol payments can be,” said MarginEdge CEO Bo Davis. “Balancing regulations, having cash on hand, and minimizing the risk of internal theft to pay alcohol 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.”

iControl is registered and approved by state regulatory agencies in all 50 states to transact electronic funds transfers (EFTs) as a Cash-on-Delivery (COD) equivalent. By ensuring that restaurants remain compliant and digitizing the payments process, iControl is able to not only ensure on-time payments but also reduce the risk of the traditional cash-intensive payments process. With extensive alcohol POS data and easy electronic payments, iControl ensures restaurants are on the right track for maximum F&B returns.

About iControl

iControl is the only one-stop shop for virtually all your food and beverage B2B payment needs –helping you dramatically increase margins. Now, retailers can leverage an electronic alcohol payment solution to pay their invoices, stay compliant, and get the maximum return on the alcohol category. Those needing consignment solutions can leverage a Scan-Based Trading system to streamline logistics with trading partners – improving cash flow, and maximizing inventory. Get daily on-premise alcohol sales data from over 40,000 bars and restaurants nationwide to help you make smarter decisions. It’s no wonder why 44,000+ retailers and 3,600+ vendors trust iControl to manage their B2B Payments. All-in-one secure solution to manage all payment programs, effortlessly. For more information visit icontroldata.net.

About MarginEdge

MarginEdge's mission is to create a world where restaurant operators can focus on the business they love. By using best-in-class technology to eliminate unproductive paperwork and streamline the flow of operational data, MarginEdge is reimagining the back office and freeing restaurants to spend more time on their culinary offerings and guest experiences. Based in Arlington, Virginia, and founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high impact product that resonates across the hospitality industry. For more information visit marginedge.com.

CONTACT:

Tracy Scott, MarginEdge: tscott@marginedge.com or 804-688-5008

Don Voss iControl Data Solutions; donald.voss@icontrodata.net

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Source: Company press release.