Companies

Toast Expands Toast IQ from Smart Features to Smart AI Assistant

Toast

"Toast announced a major expansion of the Toast IQ intelligence ecosystem with a conversational AI assistant for restaurants and food and beverage retailers. With access to real-time and historical data across approximately 148,000 customer locations, Toast IQ is purpose-built for hospitality and designed as an operator’s “right hand.”  While many AI tools stop at answers, Toast IQ goes further—proactively surfacing insights and executing tasks directly within Toast."

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Companies

American Express and Toast Announce Strategic Partnership to Help Elevate Hospitality Experiences

Toast

"American Express and Toast announced a strategic, multi-year partnership, focused on powering more personalized hospitality experiences across the vast network of Resy, Tock, and Toast restaurant locations in the United States to create better dining experiences that drive more guests to restaurants. The companies plan to build tools for restaurants to create more seamless and personalized hospitality experiences combining the power of Resy and Tock’s guestbook capabilities and Toast’s Digital Chits technology."

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Companies

Toast Expands Commitment to Enterprise Brands with Launch of Restaurant Management Suite

Business Wire

"Toast announced the launch of its new Restaurant Management Suite providing enterprise brands with the data and insights, control and support, and integrations they need to better manage their businesses."

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Companies

Toast Stock Gets Burned as Company Reverses Course on Controversial Fee

MarketWatch

"Shares of Toast Inc. were tumbling nearly 10% in morning trading Wednesday after the restaurant-technology company said it was doing away with a 99-cent order-processing fee that drew pushback from customers."

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Companies

Toast Selects FreedomPay as its Preferred Payments Partner for Global Enterprise Merchants

GlobeNewswire News Room

"FreedomPay, the world’s leading independent commerce platform and Toast, the all-in-one digital platform built for the entire restaurant community, signed a partnership agreement making FreedomPay Toast’s preferred payments gateway partner for select enterprise brands."

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Companies

Toast Serves Up Enhanced Payment Data Security for Enterprise Restaurants with Bluefin P2PE

Business Wire

"Bluefin, the leader in encryption and tokenization technologies that help businesses protect sensitive information every time they get paid, today announced that Toast, the all-in-one digital platform built for restaurants, has selected Bluefin to provide select Toast enterprise customers with an additional encryption option via PCI-validated point-to-point encryption (P2PE) for point-of-sale payments. Toast and Bluefin will work together to develop and commercialize the solution later this year."

Tags: Toast

Companies

Toast Acquires Sling to Expand its Team Management Suite With Employee Scheduling and Communications

Toast

“Toast, the all-in-one digital technology platform built for restaurants, today announced that it has acquired Sling, a leading employee scheduling, communication and management solution. Through features including scheduling templates, in-app messaging and multi-location team management, Sling helps restaurants staff more efficiently and better manage labor costs, and helps increase employee job satisfaction. The addition of Sling adds to Toast’s growing suite of Toast Payroll & Team Management products, including Toast Payroll, Toast Tips Manager and Toast Pay Card & PayOut. Through its Team Management Suite, Toast can empower restaurants to simplify scheduling and communication across their team, control their labor costs, and pay employees faster through one integrated platform.”

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Companies Deals

Toast Acquires StratEx to Simplify HR for Restaurants

“Toast, the fastest-growing restaurant management platform in the U.S., today announced it acquired StratEx, a leading provider of HR and payroll software for restaurants. StratEx’s HR software and consulting services help restaurants automate applicant tracking, scheduling, payroll, benefits, and labor law compliance. “At Toast, we know that for a restaurant to be successful it often starts with recruiting and retaining a great team, yet many restaurants wrestle with employee turnover that can exceed 70 percent,” said Chris Comparato, CEO of Toast. “By adding StratEx to the Toast Platform, we can better support restaurants of all sizes in simplifying HR, payroll, and talent management on a platform that works seamlessly with Toast and our technology partner ecosystem.””

Tags: Toast