Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview StarCorp is a successful franchisee of CKE Restaurants Holdings Inc., the parent company of the Carl's Jr., Hardee's, Green Burrito and Red Burrito fast food restaurant brands. Based in Phoenix, Ariz., StarCorp operates 144 Carl's Jr. and Hardee's restaurants in Arizona, Texas and the Midwest, with plans to open additional eateries in the near future. Executive Summary Previous So ware: • QuickBooks , Excel Results with Sage Intacct: • 144 bank reconciliations monthly now run as one daily reconciliation • Eliminated 20 hours a month of bank reconciliations work • Saving eight hours per period payroll processes • Improved decision-making with real-time data Challenges The Cloud Recipe for Restaurant Franchisee Success Time is money in the restaurant industry. Revenue and customer loyalty rise when an eatery can quickly serve its diners quality food. The same "time is money" principle applies to financial management at a multi-store restaurant franchisee such as StarCorp, which runs Carl's Jr. and Hardee's restaurants in Arizona, Texas and across the Midwest. With QuickBooks and Excel, the Phoenix-based StarCorp had ample room to improve its financial management efficiency. A lack of consolidation capabilities in QuickBooks meant that the ac- counting team had to manually reconcile financials for each of its 144 locations. "QuickBooks was just too time-consuming between the different restaurants to have to go through and deal with a set of books for each restaurant," said StarCorp Controller Cesar Elizondo. "Financial reporting could take a long time, just exporting everything out individually from QuickBooks into Excel." The limitations of entry-level so ware were also seen in payroll. Employees spent needless hours each pay period keying data manually from QuickBooks into the payroll system, "and obviously the more you key in data, the more likely it is you're going to have errors," as Elizondo noted. As a young company with strategic growth objectives, StarCorp recognized the need for a modern cloud accounting environment that could improve speed, heighten visibility and scale with busi- ness expansion. Solutions Groundbreaking Improvements in Business Management 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. StarCorp upper management agreed, and especially appreciated the anytime, anywhere access and real-time data and reporting possible with Sage Intacct. "When we saw the capability of cloud-based management and being able to see the results right away, that's what really sold us on going with Sage Intacct," Elizondo said. "We didn't really look at any other solutions." With Sage Intacct live, StarCorp has seen groundbreaking improvements in how it manages the business. Rather than manual bank reconciliations for each of its 144 stores once a month, it now does a single daily reconciliation that covers all the stores with Sage Intacct automation, saving nearly 20 hour a month. 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, and StarCorp is saving another 90 minutes a month with recurring bills. The Cloud Recipe for Restaurant Franchisee Success StarCorp C A S E S T U D Y

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