Digital platform for restaurants Toast has launched a new product that helps restaurants manage catering and wholesale orders as well as in-person, takeout and delivery business.
Dubbed Toast Invoicing, the new product enables restaurants to create invoices and collect payments for all types of orders and events within a single system, Toast said in a Tuesday (Oct. 11) press release.
“Our customers are managing in-person dining, online orders, catering and wholesale orders all under one roof,” Toast President and Co-founder Aman Narang said in the release. “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.”
To help streamline catering and wholesale, Toast Invoicing allows restaurants to capture orders online, send estimates, print prep sheets and track orders, according to the press release.
The new product also allows Toast users to itemize invoices from their existing menu, accept tips with an invoice and digitally distribute tips to staff, the release said.
Restaurants can also send an invoice from any device, set payment due dates and reminders, collect and redeem deposits, and enable customers to pay online at any time, per the release.
“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,” Narang said in the release.
As PYMNTS reported in August, Toast saw a record increase in new location adds during the quarter ended June 30, with its total user base increasing to 68,000 establishments.
Read more: Toast Sees 40% Increase in ResTech Locations, as Food Inflation Boosts Need for Efficiency Tools
“With restaurants operating in a challenging environment, the benefits that Toast’s platform provides our customers are even more important, and true to our mission we are focused on helping restaurants adapt and thrive,” Toast CEO Chris Comparato said Aug. 11 in the company’s quarterly earnings release.
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