We're working on a extensive set of features to make it easier for multi-location restaurant groups to manage corporate card spending.

Our newest feature is live today: location tagging for card transactions.

When a card transaction occurs, Tab instantly sends an email and text to the employee that made the purchase. The employee can simply respond with the receipt, a note, and can now also tag the transaction with the corresponding location that the purchase was for. Multiple locations can also be tagged if a purchase is to be split between locations.

These tags can easily be seen and managed by admins right from the Tab Platform.

Today, finance teams at multi-location restaurant groups sift through hundreds and sometimes thousands of card transactions each month to match receipts/invoices and figure out which location or locations the purchase was for. A tedious, mind-numbing task that takes hours each week. Once this is done, these teams need to figure out each location's share of the corporate card bill at the end of the month and execute a series of internal transfers to rectify.

Corporate cards are one of the easiest and most controllable ways for restaurants to pay expenses, but issues like this continue to make cards resource intensive and prohibitive for broader restaurant purchasing.

We're working directly alongside dozens of multi-location restaurant finance teams to fix this.

We'll be announcing extensive features in the coming weeks all aimed at solving this - join us!

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.