Sourcery co-founders Na’ama Moran (CEO) and Peretz Partensky explained that accounts payable is incredibly paper-driven in the restaurant business today. Most restaurants still place orders by phone and pay for them by check. With every single delivery that comes in to a restaurant, there is an invoice that can get lost, or stained. And when you have a restaurant with multiple locations it becomes even more complex. “All of this can make cash flow management really hard, and that’s unfortunately one reason why a lot of restaurants go out of business,” said Moran. According to Restaurant Reports guidelines, to achieve profitability, table service businesses should aim to keep food costs below 35% of their total costs.

https://techcrunch.com/2016/09/13/sourcery-raised-5-million-to-help-restaurants-and-food-vendors-deal-with-each-other-and-not-lost-receipts-or-invoices/