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Oct 11, 2022
Boston, MA - October 11, 2022 - 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 cost* 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.
Toast Invoicing allows restaurants to create and send itemized, digital invoices to their customers for catering, events, and even wholesale orders.
“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.** 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:
Learn more about Toast Invoicing.
* 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.
** 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.
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 comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management. We serve as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.
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