xtraCHEF Launches Integration with Toast to Automate Food Cost Reporting & Analysis
New partnership and integration with leading POS system will enhance users access to real-time financial reporting
NEW YORK, NY – SEPTEMBER 10, 2018
xtraCHEF, an automated accounts payable and food cost intelligence platform built for the restaurant industry, today announced a new partnership and integration with Toast Restaurant POS System – one of the fastest-growing restaurant management platforms in the U.S – to provide their customers with real-time financial reporting and category-level revenue vs. expense comparisons. The integration will leverage Toast’s API to automatically integrate daily sales data from Toast into xtraCHEF.
Sales data from Toast will integrate directly with several xtraCHEF modules designed to empower finance executives, managers, and chefs to more closely monitor food costs without the burden of data entry. xtraCHEF users will leverage the integrated data to easily track food cost ratios against budgeted targets and forecasted sales, compare food cost ratios across sales categories and units, and drill into real-time food cost ratio reports to better understand margins and impacts to profitability. xtraCHEF has already successfully tested the integration with a number of their clients, including Dos Toros, a growing, fast-casual Mexican concept & Toast user.
Read the full press release here.