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07/19/2022

MarginEdge Partners with iControl to Solve Alcohol Payment Pain Points

iControl provides MarginEdge clients with an easy, compliant and electronic way to pay their alcohol invoices.
Anna Wolfe
Senior Editor - Restaurants
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a bottle of wine on a table

Restaurant management platform, MarginEdge has partnered with B2B payment solution iControlto help solve the pain points of restaurant industry alcohol payments.  

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 reduces risk in the traditional cash intensive payments process.

"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 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."

Now as a dedicated partner, iControl provides MarginEdge clients with a hassle-free, compliant and electronic way to pay their alcohol invoices, further enhancing MarginEdge's Bill Pay functionality.

"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."

MarginEdge seamlessly integrates with more than 55 POS systems equipping users with tools to manage daily controllable P&Ls and sales data. The platform then harmoniously 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.