Restaurant-Focused Invoice Processing Automation
Start making better decisions for your restaurant operation
Restaurant invoices contain a treasure trove of insights just waiting to be unlocked. Invoice processing automation is the skeleton key!
Now more than ever, the restaurant industry is under pressure to do more with less.
You need greater insight into your operation and finances so you can make more informed decisions—which means you need the proper tools in place to identify these insights.
This starts with invoice management. Your invoices hold the critical details you need to properly track your costs and optimize spend across your operation.
xtraCHEF by Toast provides restaurant-specific invoice processing automation that extracts critical details from each invoice. Our platform highlights what you’re spending your hard-earned cash on and who you’re spending it with.
Our Invoice Processing Automation software is built specifically for restaurants
We combine machine learning technology with highly trained, quality control operators to take data entry & paperwork off your plate – without sacrificing timeliness, accuracy or oversight.
Invoice Processing Automation is our bread and butter
We offer the restaurant industry’s most reliable and most accurate line-item recognition and extraction software.
xtraCHEF by Toast automatically digitizes, itemizes and categorizes line-item details from all of your payables, including:
- handwritten/paper invoices
- cable, utility, etc. bills
Invoice line-item details are our secret ingredient.
As you digitize invoices with xtraCHEF, you’re building a product catalog of every item you’ve ever purchased — tracking what you paid, from which vendor, and how the unit price changes over time.
Use this product catalog to build recipes, track ingredient price trends, manage your on-hand inventory value, and so much more.
xtraCHEF by Toast & Toast are better together
In-depth reporting powered by combining our two platforms
Actual v. Theoretical Variance Reporting
Integrate sales & PMIX data into xtraCHEF in order to analyze Actual vs. Theoretical variances - automatically accounting for purchases & waste
Product Mix (PMIX) Margin Report
Monitor the variance between anticipated versus actual margins based on daily sales, discounts, etc.
Depleting Inventory & Par Level Reporting
Map menu items & modifiers in Toast to recipes and recipe modifiers in xtraCHEF to automatically calculate theoretical consumption and par ordering quantities
Operating Summary Report
Gives a daily snapshot of financial performance to monitor KPIs and make adjustments in real time.
Unleash the power of budgeting to hit your targets, forecast sales, and increase your cash flow.
Unit Comparison Dashboard
Compare performance across locations based on COGS, Category Food Costs, and GL codes.
Food Cost Weekly Dashboard
Drill down into weekly food cost ratios across categories from a percentage of sales, all the way down to purchase details and invoice images.
Not ready for a demo but interested in learning more?
Checkout the recording of our recent webinar, From Invoice to Insights.
Learn about all the valuable insights waiting to be unlocked in your invoices. And see how invoice processing automation helps you control your spend and optimize profitability!
There's a million and one things to do when you run a restaurant. Not having to spend several hours a week managing paperwork is a game-changer and allows me to focus on the other million things.
Let's do this!
Don't hesitate to automate.
See why restaurants choose xtraCHEF to get it done and get it done right. Schedule some time with a Product Specialist.