Freddy's Finds Efficiencies in Accounting

Freddy’s Frozen Custard & Steakburgers is a national frozen custard and burger chain with 25 owned stores and more than 350 franchised stores. The company was founded in 2002 and experienced rapid growth.

In a guest blog post on Restaurant365, Bill Valentas, CFO, Freddy's Frozen Custard & Steakburgers, shares his experience with finding a new accounting software for the growing business. "I became frustrated with the limitations of the generic small business accounting software we were using," he writes. "Sage just wasn’t sustainable for what we were trying to do, so I started looking for a new accounting system to support more locations."

He liked the flexibility of the solution as well as the team. "I soon realized how switching to a restaurant-specific accounting software solution would be worth the investment, because it would save us time and resources as Freddy’s grew," he continues.

Time Saved

"All of our restaurants are separate legal businesses, and with a typical accounting program we were constantly logging in and out of different entities doing multiple journal entries for a single invoice. Conversely, with Restaurant365 we can see across our whole business and charge things intercompany. Just that function alone saves us multiple days of reconciliation every period."

With fewer manual tasks each day and period, my team has been able to redirect its time to do more advanced analytical thinking ... With fewer manual tasks we’re able to reconcile every two to three days rather than once per period, so we’re always watching our cash. It makes a huge difference to the health of our business overall.

... With the system up and running, we have opened 13 new owned stores without scaling our internal accounting team."