What is restaurant inventory software?

nventory management is a core aspect of running a successful restaurant and inventory management software plays an important role in automating and optimising key tasks. It centralises management of your inventory, and allows you to integrate stock management with other aspects of your business, to make the process more accurate and efficient. Restaurant inventory software is a digital tool that helps restaurants maintain accurate records. This includes stock levels, managing supplier information and simplifying the ordering process. It serves as a central hub for tracking inventory and making sure you have the right ingredients on hand while minimising waste.

What is the best inventory management software?

If you’re seeking the best inventory management solution for restaurants, there are several leading options. Which one is right for you will depend on what you need; each option will have its own unique strengths and considerations. Read more for a comparison between softwares.

Are you looking for the Fourth alternative?

Access Procure Wizard Evo is a fully integrated hospitality purchasing software

The right solution can help you streamline purchasing, capture every spend and save costs, so it’s crucial to choose the best fit.

See software in action Compare key features

6 mins

Written by Gosia Dudzik-Giannone.

Access Procure Wizard Evo is a trusted Fourth alternative that gives you better control, AI‑powered insight and advanced automation for your hospitality business.

Our software has helped to deliver:

95% reduction in invoice processing time through automation

1.5% increase in credit capture from automated cross‑checks

4% reduction in avoidable food waste and a 1.4‑point uplift in gross margin for operators who fully adopt inventory and recipe management

Decide which features matter most for your business, then see which solution is the closer match for your operational needs and future ambitions. We’ve summarised the main Procure Wizard Evo vs Fourth functionalities in the table below.

Feature/benefit	Access Procure Wizard Evo	Fourth
Invoice Processing Automation	✅ 95% reduction in manual work through automated matching and workflows	✅ Automated invoice processing, including AI invoice capture
Credit Capture Automation	✅ 1.5% uplift from automated cross‑checks and credit reconciliation	Standard credit note handling
Supplier Price Change Approval	✅ Full operator control with alerts for supplier price changes and GP impact	❌ Price changes managed more manually within broader inventory tools
Allergen/Nutrition Compliance	✅ Automatic checks, alerts and central allergen/nutrition matrix via Recipes Module	✅ Allergen and nutrition tracking available within menu tools
Group Purchasing Management	✅ Central control of group suppliers, contracts and catalogues	❌ More focused on site/brand‑level configuration
Stock Auditing	✅ Remote, real‑time, mobile‑first stock counts in Stock Module	❌ No dedicated remote/mobile stock‑audit workflow highlighted
Menu Costing and Engineering	✅ Recipe‑level costing, menu engineering and live GP alerts in Recipes Module	✅ Menu and recipe tools within wider suite
Laundry Cost Control	✅ Dedicated workflows for tracking and controlling outsourced laundry spend	❌ Managed as generic purchasing rather than a focused module
Real‑Time Spend Tracking/Data	✅ Live, actionable dashboards plus AI‑driven insights on spend, waste and GP	✅ Customisable reporting and dashboards for inventory and purchasing
3rd‑Party/EPOS Integration	✅ Deep hospitality EPOS, PMS and finance integrations via Access Evo ecosystem	✅ Integrates with POS and other back‑office systems
AI & Advanced Analytics (Evo)	✅ Copilot for natural‑language queries, proactive alerts on anomalies, AI‑powered waste and margin insights	✅ AI for Inventory (demand forecasting)
Mobile Experience (Evo app)	✅ Mobile‑first design; Access Evo app for stock counts, approvals and alerts anywhere on site	✅ Mobile access mainly for managers and workforce tools
Internationalisation (Evo)	✅ Multi‑currency, multi‑language, multi‑timezone ordering with local tax configuration	✅ Supports international enterprises and multi‑country operations

Procure Wizard Evo vs. Forth

While both solutions offer robust automation and reporting, Access Procure Wizard Evo stands out for hospitality operators that need sector‑specific controls, faster processes and intelligent credit recovery, all delivered through a modern, mobile‑first platform on Access Evo. Automated cross‑checks, AI‑driven insights and granular supplier price change approvals deliver measurable savings and tighter control that are not always achievable with broader enterprise suites like Fourth.

Fourth pros & cons

Pros:

Recognised industry leader with a strong brand and wide adoption across large hospitality groups.

Comprehensive supply chain, procurement and inventory management within a wider workforce and HR suite.

Effective prevention of rogue purchasing and support for multi‑format electronic ordering.

Integrations with numerous suppliers, POS systems and other back‑office tools.

Cons:

Limited automated credit recovery and granular price movement control compared with Procure Wizard Evo’s dedicated credit capture and price‑change approval tools.

Bespoke controls for complex multi‑site operators may require custom development or workarounds.

Lacks built‑in hospitality‑specific modules such as laundry cost control and group purchasing management that come as standard in Procure Wizard Evo.

Access Procure Wizard Evo pros & cons

Pros:

Up to 95% reduction in manual invoice processing time through high levels of automation.

1.5% increase in credit capture via automated cross‑checks and match workflows.

Full control and approval over supplier price movements, supported by alerts and GP impact insight to optimise profitability.

Built‑in hospitality modules for allergen/nutrition compliance, laundry costs, remote stock auditing and group purchasing management.

Dedicated, UK‑based onboarding and ongoing support from hospitality specialists.

Live, actionable data – enhanced with AI in Access Evo – connects spend to sales, stock and GP for instant oversight and control.

Cons:

A more specialised hospitality toolset may require tailored configuration for highly complex or legacy environments.

Best deployed in businesses focused on measurable procurement, stock and finance outcomes, rather than as a generic back‑office system.

See the ROI for yourself

Use our ROI calculator to see how much you could be saving on credit capture by implementing Access Procure Wizard Evo.

01 06

Cairn Group

By implementing Access Procure Wizard Evo, Cairn Group streamlined 150,000 annual invoices, saving 5,000 working hours and recovering £185,046 in credits.

"The visibility and control over expenditure and supplier relationships has proved to be second to none, it has delivered tangible savings to our bottom line and has given the team the scope and freedom to spend time on making a real difference."

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02 06

temper

"I definitely can't imagine life without the [Procure Wizard Evo] system now, the control it gives me, the access, the ease loading new suppliers and how it gives the operational teams what they need, I wouldn't be without it now."

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03 06

RBH

"The amount of information that we can get on allergens is much quicker, much easier than it can be on any other system."

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04 06

Dalata

"Access Procure Wizard Evo has transformed our business. Our procurement was very much spreadsheet based but by implementing the system, it really turned that around and has given us control over everything we do."

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05 06

Loudons

"The technology they have given our business is the best on the market and when you use P2P, advanced stock, flash reporting, menus, dishes and recipes and allergen management in tandem, it really puts you in the best position to have a profitable business. We simply couldn’t control our costs without it."

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06 06

Aspers

"We were delighted with the implementation – when you think about integrating a new software system into your business it can seem a daunting prospect. However, we were taken aback at just how painless, seamless and simple the whole process was."