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© 2018 Sage Intacct, Inc. All rights reserved. 877-437-7765 Seeking Financial Visibility to Unleash Growth Potential Culver's S&L Companies C A S E S T U D Y Company Overview Founded in 1994, S&L Companies is now the largest franchisee group for Culver's, with over 30 restaurants in four states. As a whole, the Culver's franchise business has grown to more than 600 family-owned and operated franchises across 24 states today, and is ranked #2 on Restaurant Business' annual list of the country's favorite burger chains. Executive Summary Results with Sage Intacct: • Improved finance team productivity by 50% • Cut monthly close by 25% • Scaled easily despite 134% growth • Gained flexibility to deliver key insights for various shareholders • So ware paid for itself in 5 months Challenges Seeking Financial Visibility to Unleash Growth Potential S&L Companies is the largest franchise group for Culver's, one of the United States' favorite burger chains. In the past five years alone, the group expanded from eleven restaurant locations to nearly 30, and added nine new partners to the business. With this rapid pace of growth, the burden on S&L's central finance team naturally increased. The organization's previous server- based accounting system was unable to produce the auditable financial statements required for larger bank loans, which lead management to recognize that it was critical to move to a new financial management solution. Tammy Getschman, the director of accounting at S&L Companies, asked around and was referred by a local CPA firm to both Sage Intacct and NetSuite. She noted, "We were looking for a cloud-based solution to tie all of our entities together so we could minimize duplicate inter- company journal entries and gain the ability to slice and dice our financials by state, by owner- operator, or by property. A er looking at both systems, we were most impressed by Sage Intacct's ability to easily consolidate our books and provide crucial transparency into profitability across restaurants." Solutions Financial Process Automation Boosts Efficiency 50% A er an easier than expected implementation, Sage Intacct streamlined S&L's complex financial processes across several dozen operating and realty entities—from tracking individual restaurant expenses, to allocating common health insurance invoices across multiple locations—and helped shorten the monthly close by five days. A er realizing these initial efficiency gains, the finance team's next step was to go paperless by adopting an advanced accounts payable add-on from the Sage Intacct marketplace. With the help of advisory partner Maner Costerisan, S&L further automated invoice approval workflows and greatly eliminated the need to print and mail physical check payments.

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