Toast Launches Invoicing to Help Restaurants Grow Their Catering and Events Business
11 Oktober 2022 - 02:00PM
Business Wire
With integrated digital invoicing, Toast
streamlines the process of creating customer invoices, collecting
payments, prepping and fulfilling orders
Toast (NYSE: TOST), the all-in-one digital platform built for
restaurants, today announced the launch of Toast Invoicing, a new
product to help restaurants seamlessly manage catering and
wholesale orders alongside their in-person, takeout and delivery
business. Available at no additional monthly cost1 to existing
customers, Toast Invoicing allows restaurants to streamline
operations and simplify payments for all types of orders and
events, merging revenue sources that had otherwise required
multiple systems to manage.
“Whether it’s a bakery fulfilling an order for a wedding or a
downtown brewery selling craft beer to other local businesses,
restaurants have evolved to more than just providing guests an
incredible on-site experience,” said Aman Narang, president and
co-founder of Toast. “Our customers are managing in-person dining,
online orders, catering and wholesale orders all under one roof.
Toast Invoicing is another key building block for restaurants to
expand their service models and grow their entire business all on
one platform with Toast.”
“I used to designate about one to two days to invoicing,” said
Brynn Keefe, cake shop manager of Luna Bakery & Cafe. “Now
within five or ten minutes, I can send a contract through an
invoice and the customer pays it within a day or two. I never
would’ve thought the food industry would need technology like we
do. Now that it is here, I can’t imagine life without Toast
Invoicing.”
According to Toast’s first Voice of the Restaurant Industry
survey, 72 percent of restaurants offer catering in addition to
their on-premise business. Catering is one of the top three areas
of focus for restaurant owners and operators heading into 2023.2
However, many restaurants need a different system to bill customers
for catering, wholesale and house account balances. Toast Invoicing
eliminates the need for multiple systems by integrating the
invoices with a restaurant’s existing sales and operations. Toast
Invoicing allows restaurants to:
- Streamline catering and wholesale with integrated order and
payment tracking - Toast Invoicing enables restaurants to
easily capture orders online, send estimates, print full page prep
sheets and track orders through a calendar view that is fully
integrated with Toast Point of Sale and Toast Kitchen Display
System (KDS). It provides everyone from catering managers to back
of house staff access to the tools and information they need to be
successful.
- Easily manage invoices for all types of orders - Toast
Invoicing integrates directly with a restaurant’s menu in Toast, so
they can simply itemize invoices from their existing menu. It also
allows restaurants to accept tips with an invoice and digitally
distribute them to staff using Toast Payroll & Team
Management.
- Simplify payments - Toast customers have the ability to
send an invoice from any device, not just their point of sale
system. They can set payment due dates and reminders as well as
collect and redeem deposits. Through Toast Invoicing, a
restaurant’s customer has the flexibility to pay online at any
time.
Learn more about Toast Invoicing.
About Toast Toast [NYSE: TOST] is a cloud-based,
all-in-one digital technology platform purpose-built for the entire
restaurant community. Toast provides a single platform of software
as a service, or SaaS; products and financial technology solutions
that give restaurants everything they need to run their business
across point of sale; operations; digital ordering and delivery;
marketing and loyalty; and team management. By serving as the
restaurant operating system across dine-in, takeout, and delivery
channels, Toast helps restaurants streamline operations, increase
revenue, and deliver amazing guest experiences. For more
information, visit www.toasttab.com.
[1] Toast Invoicing is available at no additional monthly cost.
Online payments accepted through Toast Invoicing are processed as
card not present transactions subject to processing fees. [2] Data
from Voice of the Restaurant Industry, served by Toast. Toast
conducted a blind survey of 956 restaurant decision-makers from May
13, 2022, to June 28, 2022. Respondents were not made aware that
Toast was fielding the study. Incentives for participation were
granted to respondents from the panels that conducted the
survey.
TOST-CORP
Source: Toast, Inc.
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