Food costing software for restaurants
Maximize your profitability with our food cost calculation software designed for the food service industry. Easily create your recipes and automatically receive updated cost of goods sold for all dishes.
2%
Avg. optimization of cost of goods sold
300+
Companies calculate food costs with FoodNotify
50%
Time saving in recipe management
Your software for profitable food costing for restaurants
Modern recipe costing
Thanks to the connection to Procurement, all product data is transferred from your suppliers and imported into the system. Each recipe that you create in FoodNotify contains all automatically updated data of the individual ingredients, such as prices, quantities, or allergens. This allows you to keep track of the cost of goods sold (COGS) for all dishes and beverages and to calculate the optimal price on this basis.
Control over COGS
With our food costing software for the food service industry, you define limits and set maximum deviations in percent. If the COGS exceeds or falls below your thresholds, you will be alerted via notification. In your recipes, you can also keep track of the status of your cost of goods sold – displayed with a red or green dot.
Clear overview
In the individual recipes, you can see not only the current cost of goods sold, but also previous values. This way you know how the values have changed within a certain period of time or whether the prices are profitable. Another benefit of food costing with FoodNotify: Your target and actual COGS are clearly displayed in a chart.
Thanks to the connection to Procurement, all product data is transferred from your suppliers and imported into the system. Each recipe that you create in FoodNotify contains all automatically updated data of the individual ingredients, such as prices, quantities, or allergens. This allows you to keep track of the cost of goods sold (COGS) for all dishes and beverages and to calculate the optimal price on this basis.
With our food costing software for the food service industry, you define limits and set maximum deviations in percent. If the COGS exceeds or falls below your thresholds, you will be alerted via notification. In your recipes, you can also keep track of the status of your cost of goods sold – displayed with a red or green dot.
In the individual recipes, you can see not only the current cost of goods sold, but also previous values. This way you know how the values have changed within a certain period of time or whether the prices are profitable. Another benefit of food costing with FoodNotify: Your target and actual COGS are clearly displayed in a chart.
What you get with our food costing software
Automatic COGS
With the connection to Procurement, you automatically receive the current cost of goods sold for your recipe, without any manual calculation. If the costs of your ingredients change, the COGS will also be updated.
Alert feature
Define your target cost of goods sold in percent for your food and beverages. As soon as the costs of your ingredients change – and therefore your COGS – you will be alerted directly via notification.
Keep track of your COGS
One of our most popular features: The complete overview of all your food and beverages with an indication of whether the cost of goods sold is within the desired range. This way, you always keep an eye on the cost of goods sold of your current menu.
Optimized menu prices
Your food cost calculation is now based on the actual costs of your ingredients. This way, you not only ensure optimized COGS, but also profitable menu prices.
Data quality
Thanks to the supplier connection we get all information about your products from your suppliers into our system, such as costs of ingredients, allergens and more. This way, we enable data with the highest quality without any effort.
Metrics and statistics
Our solution for food costing supports you in managing all your metrics: From sales price to cost of goods sold to cost of your ingredients.
What our customers say
How Concept Family ensures optimized cost of goods sold
With over 70 locations, Concept Family is one of the largest hospitality companies in Germany and offers a wide range of diverse culinary experiences with numerous concepts.
Before introducing FoodNotify, Concept Family used to calculate dishes manually. Now, the company relies on COGS that are automatically calculated for each dish. If the cost of goods sold increases, the system issues a warning message. For the company, this is a very good solution, as locations can react and adapt more quickly.
How Rita and her team calculate food costs with our solution
As Vienna's first vegetarian delivery service, RITA bringt’s prepares healthy meals with fresh ingredients of the highest quality and delivers them to its customers by bike.
All recipes including ingredients, nutritional values, allergens, and daily updated prices are already neatly stored in the recipe database. Rita and her team simply search for the recipe that needs to be cooked and use our program to calculate the cost of goods sold. This way, they can see all costs and, if necessary, know immediately that the COGS is too high and that cheaper ingredients should be used.
Helpful resources on food cost calculation for restaurants
7 ways to reduce your cost of goods sold
From pricing to procurement to menu: We show you tips on how to optimize your restaurant’s COGS, your metrics, and your business.
How you optimize your menu with the best seller, slow seller analysis
Learn how to stay competitive thanks to the best seller, slow seller analysis of your menu, optimizing your cost of goods sold and pricing.
Solutions developed for the hospitality industry
Procurement
Reduce cost of goods sold through controlled and streamlined ordering.
Benefits:
One platform with all suppliers
Standardized ordering
More control through assortment restrictions
Order from anywhere via the FoodNotify App
Recipes
Ensure easy and accurate recipe management, labeling, and food cost calculation in your restaurants.
Benefits:
Central management of all recipes and food cost calculation
Automatic calculation of COGS
Tracking of all cost of goods sold
Overview of COGS according to period of time
Automatic product data from suppliers
Labeling of allergens, carbon emissions and more
ERP
Enjoy easy controlling and more precise ordering through smart warehouse management.
Benefits:
Connected to Procurement and POS system
Real-time stock level
Automatic control of incoming goods
Simple controlling
Digital inventory
INDUSTRY LEADERS OPTIMIZE FOOD COSTS WITH FOODNOTIFY
Get even more out of FoodNotify
Take your business to the next level with Catering and Analytics and our integrations with third-party systems.
Catering
Manage and plan your catering projects in one place and optimize cost of goods sold, costs, and food waste.
Analytics
Your individual dashboard shows you all important metrics, evaluations, and information for your business in real-time.
Integrations
Connect FoodNotify to third-party systems, such as POS or invoice management systems, to further optimize your processes.
Ready for optimized food cost calculation?
Get to know our modern recipe costing software designed for the hospitality industry. Our team will show you how to calculate with FoodNotify, determine your cost of goods sold and manage your recipes centrally. This way you benefit from cost minimization.