Tab Commerce provides a corporate card solution specifically designed for restaurants, automating expense reconciliation by matching invoices and receipts to transactions while integrating with accounting software. This technology helps restaurants control spending, reduce manual back-office work by over 90%, and earn unlimited 1% cash back on all purchases.
Funding
$2.5M 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
Restaurants face challenges in managing expenses due to fragmented systems, manual reconciliation processes, and a lack of real-time visibility into spending across multiple locations and vendors. This complexity leads to overspending, increased back-office costs, and difficulty in optimizing cash flow.
Solution
Tab Commerce provides a financial operations platform designed specifically for restaurants, offering corporate cards, virtual operating accounts, and automated expense management tools. The platform integrates with existing POS and accounting systems to provide real-time visibility into revenue and expenses across all locations. By automating invoice and receipt reconciliation, streamlining vendor payments, and offering spend controls, Tab Commerce enables restaurants to reduce manual work, eliminate overspending, and improve profit margins. The platform also offers features such as instant internal transfers, same-day vendor payments, and the ability to earn cash back on purchases.
Target Audience
Tab Commerce targets multi-unit restaurant groups, franchise groups, and independent enterprises seeking to streamline financial operations, control spending, and improve profitability.
Features
- Corporate cards with unlimited 1% cash back on all purchases
- Virtual operating accounts for each location to isolate spending and enhance security
- Automatic invoice and receipt reconciliation with real-time syncing to accounting software
- Real-time spend tracking and reporting across multiple locations and vendors
- Customizable card controls and spending limits to prevent overspending and fraud
- Instant internal transfers and same-day vendor payments for optimized cash flow
- Integration with POS systems for real-time sales data
- Mobile app for receipt capture and transaction tagging