FAIRFAX, Va., May 8, 2019 /PRNewswire-PRWeb/ -- One of the most challenging issues facing restaurant and bar operators is controlling costs, especially when it comes to liquor sales. Keeping track of inventory, reducing liquor loss and maintaining drink consistency all directly impact profitability, but these can be difficult to manage effectively on an ongoing basis.
With this in mind, MarginEdge and Barmetrix have announced a new partnership to integrate MarginEdge's restaurant software with Barmetrix's liquor control offering that includes bar consulting, on-site inventory management and pricing analysis. Like MarginEdge's restaurant software, Barmetrix specializes in solving frustrating operational problems often accepted as part of doing business in the hospitality sector.
"Liquor inventory control is of critical importance to restaurant and bar operators, and getting tighter control can really boost profits," MarginEdge CEO Bo Davis explains. "Our platform is all about giving operators the tools and information to improve operational control, so joining forces with Barmetrix just seemed natural. We're excited to offer our clients another solution to make their lives better while improving their margins."
Barmetrix estimates it reduces liquor losses for its clients to less than 3%, compared to a current industry average of up to 20%. MarginEdge brings similar efficiencies and cost savings to restaurant operations, streamlining tedious tasks by using modern technology, integrated with existing systems, to save time and reduce errors.
Barmetrix COO Ray Walsh reiterates how the two solutions bring together restaurant operations in one place, "Barmetrix is already helping clients maximize profits and understand their inventory better. Now, with MarginEdge, clients can combine the improved liquor management with all the purchasing and cost management features in MarginEdge, and in the end have a single comprehensive P&L."
MarginEdge and Barmetrix also share common values – both companies were founded by hospitality industry veterans who love the business and are passionate about changing outdated practices that prevent businesses from thriving.
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. MarginEdge serves nearly 1000 clients in 34 states and operates in four countries.
https://www.marginedge.com
About Barmetrix
Barmetrix is a hospitality services and coaching business. Since 1999 the company has coached more than 5,000 bar/restaurant operations teams in the US, Canada, UK and Australia. Headquartered in Annapolis, MD, Barmetrix provides key services affecting businesses worldwide today – from liquor inventory control to bartender evaluations.
https://www.barmetrix.com
For more information:
MarginEdge: Mike Spitalney, mike(at)marginedge(dot)com, 888-488-9612 Ext: 701
Barmetrix: Ray Walsh, ray.walsh(at)barmetrix(dot)com, 443-439-9899
SOURCE MarginEdge
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