Now, Sourcery, a digital payments platform, is working to bring financial technology to bars, restaurants and company kitchens.
Na’ama Moran, CEO and Co-founder of Silicon Valley-based Sourcery Technologies, Inc., has been named the winner of the 2017 Top Woman in Foodservice Technology in the Innovator category by Hospitality Technology Magazine.
Sourcery, a digital payments and commerce platform focusing on the food and hospitality industry, today announces the launch of the company’s accounts payable product for Quickbooks Online. Available in the official Intuit app marketplace, the tool enables instant onboarding and seamless integration with QuickBooks Online.
Sourcery, a digital payments and commerce platform focusing on the the food and hospitality industry, today announces the official launch of its accounts receivable solution.
Sourcery Technologies Inc. has raised $5 million in venture funding for software that helps restaurateurs and corporate kitchens order from vendors, keep track of their inventory and costs, and figure out the appropriate prices for different ingredients.
Na’ama Moran, CEO and Co-founder of Sourcery Technologies, Inc., an industry-specific online payments platform provider, has been named the winner of a Gold Stevie® Award in the Female Entrepreneur of the Year category in the 13th Annual Stevie Awards for Women in Business.
Appvance continues to expand its executive team with the announcement today that it has hired Todd Quinn as the vice president of worldwide sales and field operations to further bolster its mission to reinvent enterprise software and application testing with the world's first "DevOps-ready" software Quality Assurance platform.
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.
“We are operating in a very big market, and it’s a market that very few people are aware of,” Sourcery chief executive Na’ama Moran told VentureBeat in an interview.
Looking forward, Moran says that Los Angeles, Portland, and New York City have customers signed up but not served. Sourcery plans to move into those markets starting in January of next year. Until then, the startup is working to onboard the more that 55 companies already on its waitlist.
"Restaurant owners and managers often work with tens of different suppliers — produce, meat, seafood, dry goods — and each supplier has different payment terms," Moran said. "Some bill every week, some every month.If you deal with this stuff every day on paper, you need several full-time people,” Moran said. “Instead, we can essentially be their accounts payable department for the kitchen.”
Electronic invoicing may not be anything new, especially when you consider the big players in the market, such as Tradeshift and Taulia. But Sourcery claims to differ from the rest because of its highly customized technology specifically designed for food vendors. And it already has a much bigger community of food vendors, which matters the most when you’re building a niche marketplace platform focused on a single industry.
"Ordering sacks of flour and sides of beef is suddenly as simple as adding items into a shopping cart on Amazon"
"Successful companies like Google, LinkedIn, Zynga, Palantir, Dropbox, and Airbnb all started food programs early in their lifetimes. Hiring an in-house chef hasn’t always been high on a startups’ list of priorities, but it was only a matter of time before smaller companies began to catch on. Bandpage, a music startup in San Francisco, hired a chef as the fifteenth full-time employee to prepare free meals for the company and guests."