Latest news with #MarginEdge
Yahoo
23-07-2025
- Business
- Yahoo
MarginEdge and FIXE to improve accounting processes for restaurants
MarginEdge, a platform focused on restaurant management and bill payment, has partnered with FIXE, a bookkeeping and accounting service for restaurants. Clients of FIXE will migrate to the MarginEdge platform, which offers features such as automation, AI-driven forecasting, daily financial insights and improved reporting functionalities. MarginEdge has been selected as FIXE's preferred system for restaurant management, particularly for invoice processing, inventory management, recipe management and food-costing. MarginEdge co-founder and CEO Bo Davis stated: 'Running a restaurant without real-time visibility is like driving a car without a dashboard. By the time you hear the engine rattling, it's already too late. 'FIXE shares our belief that technology shouldn't add complexity to daily operations – it should remove it. Together, we're giving restaurant operators and accountants the kind of clear, daily insights they need to make smarter, faster decisions.' Both companies anticipate that clients will notice a 'meaningful drop' in the time taken to process invoices within the initial 30 days following the transition. The automatic onboarding of FIXE clients onto the MarginEdge platform will ensure continuity of service and create a unified solution that reduces data silos for improved operational efficiency. FIXE clients will also gain access to AI-enhanced tools from both platforms, allowing for increased flexibility in automation processes. Operators will no longer need to manually sort vendor invoices, as accurate data will be transmitted directly from MarginEdge to FIXE's accounting team. This collaboration marks a notable development in MarginEdge's Accounting Partnership Program, which encompasses companies throughout the US. FIXE CEO Ryan Handel stated: 'We saw too many clients struggling with clunky tools that created more work than they solved. 'When we saw how seamlessly MarginEdge worked alongside FIXE, it was clear we could offer something better. This partnership combines financial rigou with operational ease — helping operators stay compliant, profitable and focused on the bigger picture.' "MarginEdge and FIXE to improve accounting processes for restaurants" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
23-04-2025
- Business
- Yahoo
The key to landing a CFO role? Absolute transparency, says MarginEdge's finance chief
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. The path to the CFO seat has broadened in recent years, as finance leaders see their responsibilities evolving. When looking to land her first CFO role — recently becoming the top finance executive at restaurant management software firm MarginEdge — 'what worked for me was absolute transparency with my team, with my bosses, with the C-suite,' said Emma Whelan. ''Yeah, I'd like to be a CFO someday. What can I do to flesh out my expertise?'' Most recently the chief accounting officer for wedding website The Knot Worldwide, Whelan took on the top financial seat for the Arlington, Virginia-based restaurant management and bill payment platform last month, according to a press release. In seeking out the CFO role, Whelan cultivated open communication with past bosses and mentors — including CFOs at her previous companies — and took their guidance to hone the skills and expertise needed for the position, including volunteering to take on projects that may have been outside of traditional accounting responsibilities. 'I'm not sure that would have happened if I hadn't been so open and transparent, because I was pulled into things that wouldn't have been in the traditional CAO wheelhouse,' Whelan said in an interview. The opportunity at MarginEdge, which provides bill payment and other management services to restaurants and other businesses in the hospitality space, came shortly after Whelan began her search for a CFO chair in earnest. She is joining the company as it is poised for significant growth, with MarginEdge having processed $1.7 billion in payments and 22 million invoices, according to the April press release announcing Whelan's appointment. As CFO, her mandate is to set the foundation to allow for that growth, she said, which includes 'fostering a high-performing finance team that will help scale the business and support its long-term vision,' the press release said. Whelan's past two decades of experience as a finance and accounting executive have helped to prepare her for MarginEdge's top finance seat. Beginning her career at KPMG Spain, Whelan joined wedding website WeddingWire in 2013 as its assistant controller, when the company 'was at a very similar stage to where MarginEdge is now in terms of growth, revenue trajectory, size,' she said. As WeddingWire expanded — growing its workforce and becoming a global business — Whelan also rose through its financial ranks, eventually assuming the role of CAO following WeddingWire's merger with XO Group, the operator of The Knot, in a 2018 transaction valued at $933 million, according to a press release at the time. That experience, and the potentially similar growth trajectory MarginEdge could take, is what helped to attract her to the bill payment service's CFO seat, Whelan said. The finance executive also grew up in the hospitality space, at a family pub in Ireland, 'so it just, it felt like coming home, almost,' she said of the decision to assume the role. While her main mandate is building a foundation for future expansion at MarginEdge currently, Whelan's focus as its newly-minted CFO is understanding exactly how the company works, she said. That's included completing sales training at the company, sitting on some of the sessions to understand how the company is pitching its product, she said. 'Ultimately, my job is, yes, to scale us for future growth, but also to support the company and my business partners within the group and resolve their day to day needs and wants,' she said. 'I think I can bring a lot more value to that if I understand exactly what we're doing.' Whelan is also bringing her sense of curiosity and her perspective on the importance of open communication to the role as she charts a path to growth at MarginEdge, she said, with the CFO keeping careful watch on macroeconomic headwinds. As it looks to future growth, the company raised a $45 million Series C in 2022, and acquired beverage management company Freepour in March 2024, among other steps. However, 'obviously what got us to here is not necessarily what's going to get us to the next stage of growth,' Whelan said. 'So we do have to make changes and set the stage for that future growth.' The CFO also stressed the value of communication when it comes to meeting the company's growth goals. 'In terms of external relationships, I really value a lot of transparency with our external partners. So our board, our bank, our auditors, everybody that we work with, I think you gain a lot of goodwill by being honest and transparent and being proactive in communications,' she said. "I would almost say that, coming from an accounting background, you really have to broaden your aperture to get that strategic lens, to get the finance lens, to really have a pulse on the business." Emma Whelan MarginEdge CFO Whelan is also taking on her first CFO role as the position continues to evolve, morphing from a largely back-office function to one of the key leaders driving business strategy — a shift that has also reverberated throughout the whole of the finance function. 'I see the finance group in general within a company as a consultative business partner role, rather than a back-office function,' she said. As the finance function itself evolves, the path to the CFO chair has also changed, with new strategic responsibilities and an ongoing shortage of accounting talent opening up new potential roads to the top finance seat. 'I think there are more ways to the CFO seat than just through a traditional accounting role,' Whelan said. 'And I would also argue that through the accounting role, it's almost getting harder, because the needs and wants of the of the CFO role are broadening. There is a very strategic lens.' 'I would almost say that, coming from an accounting background, you really have to broaden your aperture to get that to get that strategic lens, to get the finance lens, to really have a pulse on the business,' she said of those aspiring to the CFO seat. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
MarginEdge Appoints Emma Whelan As Chief Financial Officer
Seasoned finance executive joins restaurant management platform to spearhead the company's next chapter of growth ARLINGTON, Va., April 03, 2025--(BUSINESS WIRE)--MarginEdge, the leading restaurant management and bill payment platform, announced the appointment of Emma Whelan to Chief Financial Officer (CFO). With almost two decades of financial leadership experience, Whelan will play a key role in MarginEdge's next phase of growth as the company continues to scale. Most recently, Whelan served as SVP of Finance and Chief Accounting Officer at The Knot Worldwide (TKWW) and previously held financial and accounting leadership roles at WeddingWire and KPMG. As CFO, Whelan will oversee MarginEdge's finance and administration organization, helping to refine processes and build on the company's strong foundation to prepare for future expansion and support as restaurant owners navigate economic uncertainty. Key to her leadership is fostering a high-performing finance team that will help scale the business and support its long-term vision. "Hospitality has been the passion of many generations of my family. I grew up in my family's pub on the Irish coast, so joining the MarginEdge team was an opportunity I couldn't pass up," said Whelan. "I met with Bo and MarginEdge's executive leadership team and was drawn in by their drive to help businesses grow. I see tremendous opportunity in this organization and am eager to contribute as it continues to grow and serve hard-working restaurant operators, like those in my own family, for years to come." Whelan's appointment comes on the heels of significant milestones for MarginEdge. The company was recently recognized among America's Best Startup Employers list by Forbes. Over the past decade, the company has grown to serve over 10,000 independent and multi-unit restaurant customers, ranging from single-unit coffee shops and neighborhood diners to Michelin-starred fine dining establishments and large-scale, private equity-backed and publicly traded groups. Today, MarginEdge has processed over $1.7B in payments and 22 million invoices, which represents a purchasing value of $15B. "I couldn't be more excited to have someone as experienced in finance and hospitality as Emma joining the MarginEdge team as CFO," said Bo Davis, Co-founder and CEO at MarginEdge. "Most recently Emma played a leading role for a dozen years at TKWW, a company whose founder, culture, and success I deeply admire. Emma joined TKWW when they were roughly MarginEdge's size and left after helping it grow approximately 15x. MarginEdge is in a leading position in a giant market, I can't wait to work with Emma and take MarginEdge from serving 10,000 restaurants to 150,000 and beyond!" About MarginEdge MarginEdge's mission is to create a world where restaurant operators can focus on great food and great service. 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. The platform offers market-leading invoice processing, inventory management, recipe analysis, budgeting, performance tracking and supplier bill payment capabilities. Founded by industry veterans, MarginEdge serves a diverse group of operators from single units and small chains to large franchise and hospitality groups, providing a high-impact product that resonates across the hospitality industry. For more information visit View source version on Contacts Media Contacts Walker Sands for MarginEdgemarginedgepr@
