Restaurants and their suppliers simply need a better way to pay and get paid, and xtraCHEF is in a great position to solve this problem as they continue expanding the software and services they provide to the industry,” said Vaughan.
PHILADELPHIA (PRWEB) May 21, 2020
xtraCHEF, the leading accounts payable (AP) automation and business intelligence platform for restaurants, today announced that they have added Michael Vaughan as an advisor as they continue to expand their software offerings.
“Michael is a fintech visionary and offers invaluable experience in helping to shape our product roadmap,” said Andy Schwartz, Co-Founder and CEO of xtraCHEF. “We’re thrilled to have him join us as we continue to create innovative solutions for the restaurant industry.”
As COO at Venmo, Vaughan helped lead the business over eight years to more than 40 million active users, a $300 million annual revenue run rate, and $100 billion in payments in 2019. Currently, as Executive in Residence (EIR) at Oak HC/FT, he develops, advises, and invests in new fintech businesses. He also serves as an independent board member and active advisor to various other enterprise and consumer tech companies.
“Digital payments for the restaurant supply chain are long overdue and the coronavirus pandemic has made that more apparent than ever. Restaurants and their suppliers simply need a better way to pay and get paid, and xtraCHEF is in a great position to solve this problem as they continue expanding the software and services they provide to the industry,” said Vaughan.
“I’m looking forward to working with Andy and the xtraCHEF team as they navigate this next chapter of their business and change the game for restaurant operators and their suppliers everywhere.”
Alongside Schwartz, Vaughan will work with xtraCHEF’s Co-Founder and CTO, Bhavik Patel, to inform various product initiatives in 2020.
xtraCHEF is a financial and operational management platform built for restaurants. Restaurants of all sizes and service use xtraCHEF’s industry-leading AP automation to fuel productivity and make more informed purchasing decisions. Food cost management reporting and analytics make it easy for operators to make sense of their books and shave percentage points off their prime costs.
xtraCHEF puts the chef back in the kitchen and the profits back in your pocket. Learn more at http://www.xtrachef.com.