Toast Acquires xtraCHEF to Empower Restaurants with Insights into Menu Profitability and Accounts Payable Automation
Acquisition follows successful partnership launched in June 2020
Toast, the end-to-end cloud platform purpose-built for the restaurant community, today announced it acquired XtraCHEF, a suite of back office tools for restaurants, including accounts payable automation and inventory management.
Designed from the ground-up for restaurants of all sizes, xtraCHEF arms operators to take control of rising inventory costs, automate accounts payable, and streamline back office tasks to increase overall profitability.
By combining xtraCHEF’s line item level cost data with Toast’s sales data to get insights into profitability by menu item, restaurateurs will have access to automation and intelligence tools that streamline repeatable tasks including bookkeeping, managing inventory and tracking margins. The addition of xtraCHEF extends Toast’s end-to-end product ecosystem that allows the industry to build better restaurants and create better connections with both their customers and their suppliers.
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