While corporate cards are one of the best ways for restaurants to manage expenses and control spending, groups with multiple locations face significant challenges when using them.

First, it often takes weeks for a controller or bookkeeper to get receipts from dozens of cardholders across the group. Then, determining which location or locations a payment was for is a massive headache. Restaurants often build custom spreadsheets to track and tally all the transactions to figure out how much each location spent in a period, then execute a series of inter-company transfers to pay a card statement. As a result, reconciliation is complex, visibility is several weeks delayed, and effective spending oversight is nearly impossible.

Tab makes using corporate cards across multiple locations incredibly simple:

• When a card is created, it is assigned to an employee and one or more locations
• As soon as a card transaction occurs, Tab sends a notification via email & text to the employee
• The employee responds with the receipt, a note, and assigns the purchase to one or more locations
• Tab automatically splits transactions that are assigned to multiple locations
• Tab accumulates each location's total spending for the period

Cards can also be created at the corporate level and auto-assigned to a location for things like subscriptions, services, vendor payments, etc.

The result is not only an incredibly simple and fast card statement payment and reconciliation process, but also a whole new level of real-time cost control and card spending visibility for restaurants.

Today, we're releasing a new analytics dashboard to make this data easily accessible to restaurants. Restaurants can now see card spending in real-time by location and period.

In the coming weeks, we'll continue to release new features focused on making corporate cards incredibly easy for multi-location restaurant groups to use.

Learn more about Tab by visiting tabcommerce.com/demo or apply now at tabcommerce.com/start.

Getting fully set up with Tab takes just 30 minutes.

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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.