Company's expanded AI suite helps restaurants boost efficiency and achieve forecast accuracy averaging over 96% as new tools roll out.

MarginEdge, the leading restaurant management and bill payment platform, today announced the expansion of its AI offerings with the launch of its AI-powered sales forecasting and recipe building tools.

Restaurant operators have always had to navigate unpredictable sales, fluctuating costs and evolving menus – all challenges that make planning for the future difficult. To help restaurants meet these headwinds head-on, MarginEdge developed its AI-powered sales forecasting tool, giving operators the real-time insight they need to plan with greater accuracy and efficiency.

Since launching its AI-powered invoice processing system in 2015, MarginEdge has led the restaurant technology industry in applying AI to restaurant operations. The company continues to double-down on its investment in AI, with new purpose-built tools already in development and planning to be released in the near future.

“After 20 years of running restaurants, I know firsthand how hard it is to plan when sales shift daily. You’re making decisions about purchasing, labor and menus with a lot of guesswork. What excites me most about these new AI tools is how they take the uncertainty out of the numbers,” said Bo Davis, CEO and co-founder of MarginEdge. “We’re using AI to give operators real-time cost insights, accurate sales forecasts and recipe tools so intuitive that chefs can build and update on the fly; no tech skills required. This is about making restaurant life easier, more responsive, and a whole lot less reactive.”

Key highlights of the new AI-powered tools include:

• Comprehensive forecasting abilities: The forecasting platform takes into account historical sales, ordering and labor data as well as external seasonal factors to generate one of the most comprehensive and accurate restaurant forecasts on the market, enabling restaurants to plan, prep and order with greater confidence.
• Self-learning capabilities: The AI algorithm is designed to continuously learn and adapt to each operator's unique business rhythm; the more you use the tool, the smarter it gets, leading to increasingly precise sales predictions over time.
• Increased accuracy in planning: The platform accurately forecasts, averaging within 4% of actual sales, while tracking daily performance against goals and trends from historical data.
• AI that speaks fluent chef: MarginEdge’s enhanced recipe builder uses AI to make digitizing recipes faster and easier than ever. Operators and chefs can now copy and paste recipes from Word docs, spreadsheets, or other sources directly into the platform, no formatting finesse required. The AI instantly recognizes and organizes ingredients and instructions, slashing data entry time and unlocking quick access to powerful tools like menu costing and theoretical usage analysis.
• Accelerated invoice processing: MarginEdge’s invoice processing engine has seen a significant boost in both speed and accuracy over the past year. This leap is powered by expanded machine learning capabilities and strengthened by real-time human-in-the-loop feedback from MarginEdge’s Client Services team and analysts.

MarginEdge customer Rise Southern Biscuits & Righteous Chicken has been using the AI-powered forecast tools since before the launch and has already seen measurable gains across its 20-plus locations nationwide. From smarter scheduling to more precise ordering, the tool has helped drive significant operational savings and planning efficiencies.

“We love how easy it is to use,” said Craig Benner, Area Manager of Rise Southern Biscuits & Righteous Chicken. “The data is always up to date and displayed in a way that’s digestible even for our new managers. It’s a great tool that we can’t wait to continue to roll out.”

You can read more about MarginEdge’s AI-powered restaurant sales forecast tool here.

About MarginEdge

MarginEdge is the leading restaurant management software and bill payment platform purpose-built to streamline the back office for operators and their accounting partners. Founded by former restaurant operators, and built by a team where 70% of staff have hospitality experience, MarginEdge combines powerful automation with industry best AI, including market-leading invoice processing and sales forecasting. MarginEdge processes more than 10 million invoices per year for over 10,000 restaurants across the US and Canada, and automates 99% of invoice line item coding with unmatched speed and accuracy. MarginEdge eliminates manual work, centralizes financial data and delivers daily real-time insights that drive smarter decisions. Trusted by restaurants of all sizes – from thriving single units to private equity-backed and publicly traded groups – and the accountants who support them, MarginEdge empowers operators to spend less time buried in paperwork and more time doing what they love: delivering great food and unforgettable hospitality. To learn more about MarginEdge, visit marginedge.com.

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“We’re using AI to give operators real-time cost insights, accurate sales forecasts and recipe tools so intuitive that chefs can build and update on the fly; no tech skills required."