xtraCHEF Adds Former Venmo COO Michael Vaughan to Advisory Team
Vaughan will help guide xtraCHEF’s strategy as they continue to drive innovation in the restaurant supply chain
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.
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.
Vaughan says, “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.”
Read our press release for more information about this exciting new hire.
Setting the standard for cloud-based restaurant management software.
Don't hate it. Automate it.No one likes data entry or paper pushin'Code invoice line-items in our system once...and that's it. Configure rules to review only the invoices you want to see. Accurate data delivered to accounting & inventory.
Analyze costs. Visualize profits.Improved visibility boosts your bottom-lineReal-time visibility into food costs enable more informed purchase decisions, data-driven vendor negotiations & insight into how fluctuating prices impact the bottom line.
Connect the Kitchen & BookkeeperOn-demand access to invoice images & dataSecure, anywhere access and a powerful search engine make it easy to keep financial information flowing across the house, across locations or across the country.