Sourcery Unveils Robust Online Vendor Payments Platform

Simplified Software Reduces Operating Costs And Improves Payment Efficiencies

Delivers the Future of Accounts Payable and Cashflow Management for the Food and Hospitality Industry

Jul 07, 2015, 11:00 ET from Sourcery

SAN FRANCISCO, July 7, 2015 /PRNewswire/ -- Sourcery, a digital payments and commerce platform designed to address the needs of the food and hospitality industry, announced today that its latest accounts payable platform, Sourcery Payments, delivers a seamless interface to help restaurants, commercial kitchens, food retailers, and restaurant accounting firms digitally manage invoicing and payments with advanced dashboard insights for realtime spend monitoring and improved cashflow management.

Sourcery bridges the gap from the professional kitchen to the digital world by offering an effective, easy-to-use web and mobile solution that helps businesses process invoices and payments digitally. Since launching its digital payments and commerce platform in October 2014, the company is already processing more than $3M of transactions per month. Sourcery's proprietary software continues to provide immediate, simplified and timely accounts payable, as well as real-time spend and cost reporting – effectively standardizing the best industry practices while organizing unlimited amounts of data.

"Nobody enjoys shuffling paper invoices, managing payment terms, and carrying checkbooks," remarked Na'ama Moran, Sourcery CEO. "Sourcery enables small, medium and enterprise size businesses to discover a new way of working without back-office hassle. When customers engage with us they immediately garner a universal understanding of their food and operational costs. They work with us so they can focus on growing revenue and strengthening customer relationships. They work with us so they can spend more time doing what they do best and enjoy most; serving great food and creating unique experiences, while staying financially viable."

Solving real business challenges requires a focused tool. Sourcery Payments satisfies the most demanding expectations of restaurants, caterers, commercial kitchens, food retailers and restaurant accounting firms. Sourcery presents a customer-centric approach with solutions for:

  • Cash Flow Management
  • Spend Analytics 
  • Accounting Integration
  • Statement Reconciliation
  • Credit tracking
  • Access on web and mobile

"As a small business, our staff is stretched very thin," explains Jon Whitehead, Owner, El Capitan in San Francisco, Calif. "By using Sourcery, the time we have saved in manpower hours alone gives us more time to focus on our restaurant without the pain of having to track down paper invoices or balance our accounts manually. Some of our vendors have even increased our credit terms as a result of using Sourcery. It feels like Sourcery really has our back."

Founded in San Francisco in 2012, Sourcery is a digital payments and commerce platform created for the food and hospitality industry that helps restaurants, commercial kitchens, food retailers, and accountants manage finances paperlessly. Sourcery's easy-to-use accounts payable technology coupled with its industry expertise helps restaurants manage costs and margins, increasing profitability while seamlessly processing payables digitally. Serving customers such as Munchery, Dropbox and Airbnb, Sourcery provides technology and solutions that are making it easier for professional kitchens to stay financially viable, and manage the quality and consistency of kitchen operations with more accuracy.  For more information visit our website, follow us on Twitter, and Facebook or join our LinkedIn community.



SOURCE Sourcery