ATLANTA – June 6, 2019 – Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced that StarCorp utilizes Sage Intacct to manage its 130 Carl’s Jr. and Hardee’s restaurants. Switching from QuickBooks to Sage Intacct delivered process improvements that save StarCorp eight hours per pay period on payroll processing and eliminated 20 hours each month of bank reconciliations work. Access to key financial and operational insights helps drive company expansion planning.
StarCorp, which manages restaurants across Arizona and the Midwest, could efficiently serve mass amounts of guests with ease, but preparing its financial statements and reports took the fast food franchisee far longer. The Phoenix-based company needed a modern, sophisticated, and cloud-based accounting platform that could deliver greater efficiency and real-time data for business decision-making.
A lack of multi-entity and consolidation capabilities in QuickBooks meant that the accounting team had to manually reconcile financials for each of its 130 locations. Additionally, the limitations of entry-level software were also seen in payroll, as employees spent needless hours each pay period keying data manually from QuickBooks into the payroll system
StarCorp’s Controller, Cesar Elizondo, had worked with Sage Intacct at a previous employer, and was impressed by the rich functionality and ease of use that the solution offered. Since going live, StarCorp upper management has especially appreciated the anytime, anywhere access and real-time data and reporting possible with Sage Intacct.
After implementing Sage Intacct, StarCorp realized significant benefits, including:
- Groundbreaking improvements in business management: Rather than manual bank reconciliations for each of its 130 stores once a month, StarCorp now does a single daily reconciliation that covers all the stores with Sage Intacct automation, saving nearly 20 hour a month.
- Avoided costs of two additional full-time personnel: The accounting team is saving eight hours per pay period on payroll, as data is automatically exported from payroll into Sage Intacct with no manual work needed. Time spent managing vendor bills has been cut from four hours a week to 15 minutes.
- Executive insights into cost management: More efficient accounting has freed time for reporting and analytics, leading to greater transparency and informed decisions. Management has insights into labor and overtime costs across its eateries and can adapt accordingly.
Reporting in Sage Intacct also supports data-driven decisions on whether to keep a restaurant open as the end of its lease approaches, and whether to expand into a given area with a new restaurant. “The benefits from Sage Intacct have been improved access to data in real-time, so that we can get the information that we need, and improved workflow processes so we’re not bogged down by day-to-day stuff,” commented Elizondo. “It’s really helping my job out as well, because I don’t have to be so involved in the smaller transactional stuff and can focus on the bigger picture.”
For more information on how StarCorp uses Sage Intacct, view the full case study. Sage Intacct, a solution available in Sage Business Cloud, is the customer satisfaction leader in cloud financial management.