Introducing the Tab Financial Operations Platform for Restaurants - a single platform for restaurants to completely manage their operating cash flows and spending across all locations in real-time.
Introducing the Tab Financial Operations Platform for Restaurants.
Restaurant cash flows are notoriously complex, difficult to control, and insecure – especially for fast-growing multi-unit groups.
Some of the complexities include:
Restaurants are losing over $55k in annual profit per location because of these complexities.
Accounting & accounts payable systems are not the solution to these issues. They only cover a portion of the cash flow and are siloed from the actual money. They require costly upkeep, delay visibility by weeks, provide only passive control, and lock 25%+ of operating cash in 4-7 day ‘payment processing’ windows (where some platforms generate significant yield revenue from).
The Tab Financial Operations Platform for Restaurants
Tab is a single platform for restaurants to completely manage their operating cash flows and spending across all locations in real-time.
Tab securely sits between revenue systems and primary bank accounts. Cash flows in from POS systems into unique virtual operating accounts for each location, starts earning 2% APY instantly, and pays expenses seamlessly, with excess cash flows being routed directly into primary bank accounts. Cash can also flow into Tab from primary bank accounts to pay expenses.
Restaurants get up to 100 virtual operating accounts with instant internal transfers, corporate cards, same-day vendor payments, and more - all synced with accounting systems.
Tab's unified financial operations platform empowers restaurant operators to:
Today, hundreds of fast-growing restaurant groups are using Tab to better manage operating cash flows, enhance financial security, simplify spending, save time, and grow profits.
Activate your account today in just 15 minutes, and fully ramp up in less than one week with the support of our onboarding team.
Learn more about Tab by visiting tabcommerce.com/demo or get started today at tabcommerce.com/start.
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Tab Commerce partners with Stripe Payments Company for money transmission services and account services with funds held at Fifth Third Bank, Member FDIC. Tab Visa® Commercial Credit cards are powered by Stripe and issued by Celtic Bank.Yield paid by Tab related to cash balances held in virtual operating accounts is subject to change over time without notice based on prevailing market conditions. Today's yield rates reflect the Annual Percentage Yield (APY) paid by Tab to customers, where payments are completed on a monthly basis according to daily cash balances held over the prior calendar month.
1. Our calculations are based on platform data from cash back, fraud reduction, spend controls, and time savings in addition to industry research, customer feedback, and info on alternative options. Your actual savings may vary.
2. Our calculations are based on platform data from automated invoice & receipt reconciliation, streamlined vendor payments, and accounting integrations in addition to industry research, customer feedback, and info on alternative options. Your actual time savings may vary.
3. Calculations based on average savings of 7%(1) of total costs times the average annual spend of a single restaurant of $500,000, which is based on platform data and industry research.
Book a call with a member of our team to learn more, get a walkthrough of our product, and if you'd like, get started with Tab.
Tab Commerce is a financial technology company providing the most secure way for restaurants to spend money. Get virtual operating accounts, modern corporate cards, and more - all secured with our payment verification.
Get started in minutes with no credit checks or personal liability. Tab cards work just like any other corporate card but with the benefits of powerful spend control software built just for restaurants.
Tab cards enable restaurants to completely automate the complexity of managing corporate cards across multiple locations. From card issuing and management, assigning transactions to the right locations, transaction splitting, and knowing exactly what each location owes on the statement. It's all incredibly simple with Tab.
Anywhere that Visa is accepted (most places). Most vendors accept cards, but some might only be available upon request. With the Tab Network, we work directly alongside our restaurant partners to enable their largest vendors to accept Tab Cards without passing on fees.
Easily apply for credit limits or use cash by securely connecting each locations primary bank accounts with Tab.
You can create as many users as you would like. You can have Admins who can do everything across all locations and Employees who can only see the cards that you have assigned them. Managing this is incredibly easy from within the Tab Platform.
Virtual operating accounts are business checking accounts but used specifically for the chaos of spending and operations. Virtual operating accounts isolate this chaos away from your primary bank, increasing security, simplifying expenses, and providing access to powerful embedded products to control spending and automate back office work.
Yes, you can hold a balance in the virtual operating accounts. Funds in the account will earn 2% APY, calculated daily and paid monthly.
Yes, accounts are eligible for FDIC insurance up to $250,000.
You can easily link your primary bank accounts and set up auto-funding to maintain a minimum balance. You can also receives sales payouts from your POS or delivery apps into the accounts via our Deposit Management product.
Simply provide your virtual operating accounts routing & account number to your vendor, they'll do the rest.
With just 2-clicks, you can send a same-day ACH to any of your vendors. You can also pay with Tab corporate cards.
Keep your primary bank account, and link it right into Tab. It's good to separate the chaos of spending and operations away from where your savings and the bulk of your cash sits.
Each virtual operating account has a unique account & routing number. This information can easily be inputted into your POS, delivery apps, payroll systems, and any other revenue or expense source.
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