Finance & Operations
Restaurant Profit Margin: The Benchmark and How to Improve Yours
By
Dana Krook
Profit Management
A back office solution that puts profits first
Save time, maximize profitability, and simplify inventory management with TouchBistro Profit Management Powered by MarginEdge.
Features
Back office automations for healthier margins
All the tools you need to track food costs, adjust recipes, process invoices, order supplies, manage inventory, and more.
Continuously update your food costs with digital invoice processing
Simply scan, email, or take a photo of your invoices and handwritten adjustments, and all the details will be captured and digitized in less than 48 hours to give you an up-to-date picture of your food costs.
Simplify stock management with inventory automations
Track food costs and pinpoint waste more accurately with a digital inventory management system that updates prices daily.
Maximize your margins with recipe management and menu analysis tools
Make menu adjustments and maximize profitability in real time with a centralized solution that calculates plate costs, automatically updates ingredient prices, and pinpoints profitable and high-volume items.
Track profitability in real time to make more informed business decisions
Monitor costs and make more informed financial decisions with visual budget tracking so you always know whether you’re over- or under-spending.
Easily order products from any vendor and manage it all from a centralized platform
Streamline back office operations with the ability to order products from any vendor directly through the software and manage your order guides from a central location.
Additional Profit Management features include
Eliminate manual data entry with direct POS integration
Generate powerful reports that help you better manage your bottom line with automatic nightly imports of your sales and labor data from the TouchBistro POS – no manual entry required.
Save money on processing and transaction fees with unlimited bill payment (U.S. only)
Pay an unlimited number of bills – via check, ACH, or VCC – without any processing or transaction fees with the only bill payment solution built specifically for the restaurant industry.
Reduce errors by syncing your data directly with your accounting software
All invoices, payments, sales, and inventory entries are coded automatically and exported directly to your preferred accounting software for a quick, easy, and error-free transfer of data.
Ensure consistency across multiple venues with advanced multi-location management controls
Ensure consistency across all your restaurants with one centralized, privacy-protected platform that allows you to standardize inventory management and access consolidated sales reports.
TouchBistro Product Guide
Want to learn more about TouchBistro Profit Management?
Download our full list of product features.
Solutions
Related products
FAQ
Frequently asked questions
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TouchBistro Profit Management is currently available to restaurants in Canada (excluding Québec) and the United States.
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No additional hardware is required to use TouchBistro Profit Management.
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TouchBistro Profit Management pulls TouchBistro POS sales and labor data into the platform on a nightly basis.
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Once onboarding is complete, it’s recommended that you maintain a consistent upload of new invoices and take inventory on a consistent weekly, biweekly, or monthly basis for the system to automate valuable insights around pricing, usage, and waste for your team.
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Yes, you can order online from any vendor directly through TouchBistro Profit Management.
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New products are automatically added to inventory sheets and prices are updated daily.
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When taking inventory, counts are auto-saved every 30 seconds. If you lose internet connection in the middle of a count it will not auto-save, but it will continue auto-saving when you reconnect.
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Simply scan, email, or take a photo of an invoice and the details will be captured and digitized in less than 48 hours to give you an up-to-date picture of your food costs.
Resources
Resources for simplifying back office operations
From inventory to bookkeeping, invoicing, and more, get tips for more efficient back office management with these free resources from the TouchBistro Blog.
