xtraCHEF by Toast

xtraCHEF by Toast is an automated financial and operational management platform tailored for the restaurant industry. Founded in 2015, the company was acquired by Toast in June 2021, combining Toast's point-of-sale capabilities with xtraCHEF's back-office expertise. The company operates from co-headquarters in New York City and Philadelphia, with a distributed team across the country and globally.

xtraCHEF offers a suite of tools designed to enhance restaurant operations and profitability. Key features include accounts payable automation, which digitizes invoices and integrates with accounting systems, and inventory management that provides real-time visibility into food costs. The platform also delivers cost management and analytics, offering insights into profitability by menu items. Additionally, it includes a cloud-based document management system for easy access to financial documents. xtraCHEF serves thousands of restaurants across various segments, helping operators streamline processes and improve profit margins.