Location: New York City, New York, United States United States
Founded in: 2016
Stage: Revenue generating
Number of employees: 1-5
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New York City, New York, United States United States
  • About
Company description
xtraCHEF is an invoice processing and a cost management solution tackling a high pain point problem in the 10 billion dollar market opportunity in the restaurant industry. Currently, restaurants receive and process over two billion paper invoices annually via a manual, time-consuming, and costly process done by highly compensated knowledge workers: chefs and accountants. xtraCHEF alleviates this burden by allowing users to simply snap a picture of a vendor invoice, after which xtraCHEF automatically reads, digitizes, and imports the information directly into accounting & inventory management systems. xtraCHEF then provides an exhaustive level of analytics to empower better understanding of real-time costs, eventually leveraging this data to power a transparent procurement platform.