Tab Commerce

Today, restaurants get real-time sales data right from their POS system. They can do the same with payroll. So, why does it take 30+ days and hours of manual work to know expenses? If you operate a restaurant, do you know exactly how much you spent on non-payroll expenses today? This week? This month? By location? By vendor? Without knowing this, it’s incredible difficult to truly control the chaos of restaurant spending, effectively manage the cash flow complexity, and eliminate often hidden overspending. This problem exists for one simple reason: the actual money being spent is separate from the software-only AP and accounting systems of today. Tab Commerce is fixing this. More to come January 2025.

Restaurants spend money like no other industry. Over 50% of revenue goes to near daily expenses across dozens of vendors and hundreds of products & services at each location. From food & beverage vendors, repairs & maintenance, small wares & cleaning supplies, subscriptions, rent, utilities, and much more. Each vendor also has their own cadence and method of invoicing & payments. Managing this spend is resource intensive, but even with that effort, restaurants face significant challenges and risks that ultimately lead to lower profit margins. We're soon introducing our largest advancement in taming this chaos for restaurants since we started working on this problem several years ago. A simple yet powerful way to truly secure, control & automate restaurant spending. Coming January 2025.

Traveling to Vegas for RFDC 2024 today? Tab makes business travel easier for restaurants. We’re killing the dreaded expense reports and manual reimbursements with real-time receipt capture + automatic reconciliation. Get instantly notified when you pay with your Tab Corporate Card and upload a receipt + note in 5 seconds right from your phone. Then throw the receipt away forever. Come visit us in Booth #8221 to learn more. Restaurant Finance Monitor

Today, Tab is introducing Automatic Expense Reconciliation for Restaurants, our most requested product by a mile. Restaurant operators across the US collectively spend over 250 million hours a year reconciling expenses, a critical but costly activity. On average, it takes 5 minutes of manual work to track down the right invoice or receipt and match it with the vendor payment. We're turning that 5 minutes of work into a simple 5 second review. Tab automates the entire expense reconciliation workflow. Once a vendor payment is made, we instantly find & match the right invoice/receipt directly from the source, and then push directly into accounting software for review. Automatic Expense Reconciliation not only eliminates dozens of hours of manual back office work per location every month, it improves the employee experience, reduces errors, eliminates overspending & fraud, and much more. We're working hard to automate millions of hours of manual back office work and unlock $100s of millions of dollars in extra cash flow for US restaurants, and this is a big step in that direction. Visit our site to see how it works & get started for free. https://lnkd.in/efM45DZQ

The way restaurants spend money is unlike any other industry: - 40%+ of sales going to non-payroll expenses - Dozens of vendors from big distributors to local produce suppliers, maintenance contractors, and increasingly more technology subscriptions - Hundreds of transactions every week across many locations - Many employees purchasing across the business, with high turnover - Frequent one-off, last minute purchases No other business spends like restaurants do, which is why the industry needs a modern corporate card solution built just for it. Corporate + purchasing cards for restaurants provide a way for restaurants to simplify & control their spending while eliminating overspending and automating costly back-office work like receipt & invoice capture. Ultimately, corporate + purchasing cards help restaurants grow profit margins. Learn more with our primer linked below. https://lnkd.in/e9RBGRbT

Come meet us at Restaurant Finance Monitor's Restaurant Finance & Development Conference on November 11-13 in Las Vegas. Our team will be at Booth #8221 and will be showcasing our newly launched corporate + purchasing cards for restaurants, walking through the Tab Commerce Platform, and more. You can also book time with us in advance at the link below or by reaching out to James Tice directly. https://lnkd.in/etWSuQqs

You can read more about our partnership with the Texas Restaurant Association at the link below. https://lnkd.in/e8unnyq4

🚨 Big News for Texas Restaurants! 🚨 We are always looking at ways to bring valuable benefits to our members. With this, I'm thrilled to announce that Tab Commerce is now the Official Corporate Card of the Texas Restaurant Association! 🎉 With the TRA Corporate Card, powered by Tab Commerce, you’ll get: 💵 1.25% cash back on all purchases 🌱 Support for the Texas Restaurant Foundation 💼 Advanced spend control & real-time cost management Learn more about the partnership with Tab and all the member-exclusive benefits here! https://lnkd.in/gtyQuzsz #CreditCard #RestaurantSupport #Finance

A Big Shout-Out to RTN's celebrated member Tab Commerce - The Modern Corporate Card for Restaurants! Tab Commerce has launched the first modern corporate card built just for restaurants. Tab also partnered with the Texas Restaurant Association to launch the TRA Corporate Card for their 15,000+ members, becoming the Official Corporate Card of the Texas Restaurant Association. Restaurants using Tab can now issue and manage physical or virtual corporate cards that earn unlimited 1% cash back. Every card has powerful spend controls and limits built in and can be used at the corporate level, at each restaurant location, and provided to employees for business-related spending. Tab gives multi-unit & independent restaurants full control and visibility over spending while eliminating fraud & rogue spend. All of us at RTN are thrilled to have you as a member of our community! #MURTEC #innovation #technology #restaurantindustry #restauranttech #RestaurantTechnology #RTN #Hospitalitytech #MURTECSummit #openapi #industrystandards #openapiframework Tammy Hanson Christopher Barry Ty Wilson Sam Unterman James Tice Benjamin Knorr, MBA

🚨 Big News for Texas Restaurants! 🚨 We’re thrilled to announce that Tab Commerce is now the Official Corporate Card of the Texas Restaurant Association! 🎉 With the TRA Corporate Card, powered by Tab Commerce, you’ll get: 💵 1.25% cash back on all purchases 🌱 Support for the Texas Restaurant Foundation 💼 Advanced spend control & real-time cost management Learn more about the partnership with Tab and all the member-exclusive benefits here! https://lnkd.in/gtyQuzsz