If you're looking for a faster way, I don't think you'll find one -- you must go through the conversion process, which takes time, no matter what program you use. Sure, one program may be 10 seconds faster or slower than another, but the conversion must happen, and is dependent upon the speed of your computer.
Toast is a "good" way -- what exactly are you looking for? Faster? Better quality? More options? What is "good?"