Fixe is a restaurant management solution that automates bookkeeping by integrating sales data, payroll, and accounts payable into a single platform, ensuring timely and accurate financial reporting. This service addresses the inefficiencies of traditional bookkeeping processes, allowing restaurant owners to focus on operations and growth while reducing accounting costs by over 60%.
Funding
$2.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Restaurant owners often struggle with fragmented bookkeeping processes, leading to inaccuracies, delays, and wasted time spent managing financial data instead of focusing on core operations. Traditional methods involve manual data entry, multiple software systems, and difficulty consolidating information from various sales channels and vendors.
Solution
FIXE offers a restaurant-specific bookkeeping solution that automates financial management by integrating sales data, payroll, and accounts payable into a single platform. The system streamlines data from point-of-sale (POS) systems, third-party delivery apps, and other sources, providing a consolidated view of financial performance. FIXE's platform includes features such as automated vendor payments, weekly KPI reports, and monthly profit and loss statements delivered within five business days. A dedicated account manager provides personalized support and ensures accurate, timely financial reporting, allowing restaurant owners to reduce accounting costs and focus on growing their business.
Target Audience
FIXE primarily targets restaurant owners and operators who need a streamlined, automated bookkeeping solution to improve financial accuracy and free up time for core business activities.
Features
- Integration with point-of-sale (POS) systems for automated sales data capture
- Automated accounts payable (A/P) processing to streamline vendor payments
- Weekly key performance indicator (KPI) reports to track business performance
- Monthly profit & loss (P&L) reports delivered within 5 business days
- Payroll processing and reporting
- Inventory management integration
- Management of chargeback disputes with third-party apps like DoorDash, GrubHub, and Uber Eats
- Reconciliation of bank and credit card accounts