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10 Best FinTech Companies to Watch 2024

Built for Restaurants, Built for You: Aman Narang, Co-Founder, CEO, and Director of Toast

Built for Restaurants, Built for You: Aman Narang, Co-Founder, CEO, and Director of Toast

“Our platform goes beyond traditional management systems, allowing businesses to build exceptional teams, drive revenue growth, enhance operations, and deliver unparalleled guest experiences.”

Toast, a company dedicated to transforming the restaurant industry, enables businesses of all kinds to build stronger teams, increase revenue, optimize operations, and create amazing guest experiences. Their comprehensive strategy combines a thorough grasp of the restaurant industry with cutting-edge cloud-based software and high-quality hardware. This yields an easy, all-in-one platform that includes point-of-sale solutions, guest marketing, digital ordering and delivery, payroll, and human resources. Toast is at the forefront of reinventing the industry by combining technology and a deep dedication to improving restaurant operations, providing its users with simplicity and creativity.

Toast POS: A Unified Fintech Solution

Toast POS, a leading point-of-sale platform, provides restaurants with a comprehensive solution for increasing revenue, optimizing operations, and ensuring guest happiness. Toast POS, developed by food industry specialists, offers a comprehensive platform that blends strong cloud-based software with restaurant-grade hardware. It reduces the difficulties of order administration, sales monitoring, and payment processing, resulting in flawless operations adapted to the specific demands of restaurants.

Hardware Excellence: Toast POS provides restaurant-grade hardware with an IP54 spill-proof rating, which is built to handle daily food and beverage spills. This hardware improves service speed by processing orders and payments more quickly. Furthermore, its design integrates easily into any restaurant's atmosphere, delivering both practicality and elegance.

Efficient Software Solutions: The cloud-based software allows users to access critical restaurant data from any location, at any time, and on any device. Toast POS is not only quick to set up, but also straightforward to learn, ensuring a smooth transition for restaurant employees. The platform provides open integrations, which enable the adoption of applications from leading partners.

Toast POS simplifies payment procedures by providing transparent pricing and competitive rates on all transactions. The platform assures that there are no hidden fees or markups, allowing for clear and simple financial transactions. Users enjoy a consolidated support channel for all of their demands thanks to a single team dedicated to payments and point-of-sale.

Comprehensive Features: Toast POS goes beyond the basics, providing features that improve the restaurant experience. From handheld technologies to order-ready notifications and tableside payments, the platform meets the changing needs of modern restaurants. It also facilitates online ordering and delivery, allowing businesses to expand online without incurring costly third-party costs.

The platform includes sophisticated analytics and reporting tools that provide insights into a restaurant's success. Toast POS enables restaurant operators to make data-driven growth decisions by providing location overviews, sales reports, and product mix monitoring.

Menu Management Made Easy: Toast POS simplifies menu administration by providing cloud-based access and allows updates from any device. Real-time item countdowns reduce service disruptions by keeping servers and the kitchen in sync. Menu modifications are reflected smoothly on both the in-house and online platforms.

Toast POS is more than simply a point-of-sale system; it is a fintech solution designed to help restaurants simplify their financial operations. Its emphasis on simplicity, transparency, and innovation makes it an invaluable resource for businesses in the ever-changing restaurant industry.

Toast xtraCHEF's Fintech-Powered Solutions

Take control of your restaurant's financial landscape with xtraCHEF, an innovative tool that converts invoices into important data, thereby boosting your bottom line. xtraCHEF offers precise tools for accurately tracking your expenses, providing a complete picture of your financial health. Spend less time doing manual duties and more time developing ideas to improve your restaurant's success.

Toast allows you to effortlessly integrate coded data from invoices, sales, and payroll directly into your accounting system. Automated data management can help to streamline your financial processes. Automate invoice processing to gain valuable line-item insights. Understanding the influence of fluctuating costs on your financial performance allows you to make more educated decisions.

Optimize your profitability with robust reporting, recipe costing, and inventory management. xtraCHEF gives you the tools to proactively manage costs, ensuring the success of your restaurant. Automate invoice processing and sync accurate, auto-coded data directly into your accounting system. Gain detailed insights into your costs, ingredients, categories, and suppliers.

Efficiently manage your inventory to minimize waste and make the most of your resources. xtraCHEF provides features to optimize your inventory, ensuring efficiency in your operations. Improve your profitability by implementing robust reporting, recipe costing, and inventory management. xtraCHEF provides you with the tools you need to proactively control costs and ensure your restaurant's profitability.

Automate invoice processing and provide precise, auto-coded data directly to your accounting system. Gain precise information about your costs, ingredients, categories, and suppliers. Effective inventory management reduces waste and maximizes resource utilization. xtraCHEF includes tools that help you optimize your inventories and ensure operational efficiency.

Revolutionizing Retail and Food Service Management 

Toast's all-in-one platform breaks down traditional barriers between food service and retail POS systems. Experience a unified solution that simplifies business operations and provides guests with a seamless ordering and purchasing journey. Simplify retail inventory management by overseeing all your retail items across various channels from a single, user-friendly interface. Easily update inventory, pricing, and other essential information with intuitive controls.

Handle diverse SKU requirements effortlessly. Whether managing different product varieties or selling items with varying packaging, Toast for Restaurant Retail accommodates complex needs with ease. Toast streamlines the creation of new SKUs with SmartScan technology. Scan barcodes using your mobile phone to populate essential metadata such as product images, vintage, ABV, brand, and other key details.

Toast offers a variety of pricing strategies, allowing businesses to set up pricing options based on size, weight, or item count. The platform seamlessly integrates with scales to support these strategies. Take advantage of Toast's world-class platform, from online ordering to kitchen display systems, without compromising on retail operation efficiency. Toast brings together cutting-edge technology to elevate your business across all aspects.

About | Aman Narang

Aman Narang is the Chief Executive Officer, Co-founder, and a Director of Toast. He previously led Sales, Marketing, Customer Success, Business Development, and Fintech as Toast’s Chief Operating Officer. Aman’s various roles over the past decade have given him an expansive understanding of the business. Prior to Toast, Aman worked at Endeca, now Oracle, where he led their mobile business unit. Aman holds B.S. and M.S. degrees in Computer Science from MIT.

“We pair our deep understanding of the restaurant industry with powerful cloud-based software and restaurant-grade hardware to deliver an intuitive, all-in-one platform, across point of sale, guest marketing, and more.”