Sourcery, a digital payments and commerce platform for the food and hospitality industry, has launched a new accounts receivable solution.

According to Sourcery, its AR offering is a SaaS platform that organizes and automates tasks across the workflow. It’s meant to drive reductions in labor expenses and missed payments. The product is also designed to facilitate transferring vendors’ customers to ACH and reduce processing fees for both credit cards and ACH payments.

The product is being launched after a pilot release with on-demand restaurant products distributor Restaurant Cheetah and tea bar Smith Teamaker, and was developed in partnership with the former.

For more, visit the Sourcery website.

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