Chicago,United States - July 14, 2022 /PressCable/ —
Rillion, an AP automation software company, has published a white paper entitled Franchise Accounting Problems and Solutions. The paper shows how franchise organizations struggle with manual processes and bottlenecks in accounts payable and how they use technology to solve the accounting challenges in this area.
https://www.rillion.com/whitepaper/franchise-accounting-problems-and-solutions/
Franchise operators and franchise organizations have specific needs that may not be common in other organizations, such as hundreds of locations, utility bills paid at the local level, multiple entities in different tax jurisdictions, local vendors serving local franchise outlets, and detailed accounts payable work for audits and investigations.
The whitepaper highlights the challenges faced by a large veterinary franchise, a restaurant franchise operator, and a solar panel and storage organization with multiple locations and various corporate structures. It illustrates how automated accounts payable solutions increased efficiency in all aspects of accounts payable by eliminating manual, outdated paper processes.
“Large franchise organizations have accounting challenges that are unique to the industry,” said Paul Mullis, President, Rillion North America, “and leveraging technology to optimize the accounts payable process can eliminate bottlenecks and reduce cycle times.”
Some veterinarian franchises have multiple hospitals and thousands of employees. Productivity improvements come from better invoice data capture and automated GL coding.
Various restaurant franchise operators have multiple locations in different states. When the matching of contracts to recurring utility bills is automated operators can save time.
Renewable energy companies often own different solar and storage projects. Productivity can be increased when the organization can manage internal and external audits with AP automation software.
Addressing accounting challenges with automation gives franchise organizations a more optimized accounts payable process that requires fewer resources and less time.
To download the whitepaper visit:
https://www.rillion.com/whitepaper/franchise-accounting-problems-and-solutions/
Rillion provides accounts payable automation solutions to over 3,000 customers worldwide. The AP automation solution includes capture, invoice processing, approval workflow, PO matching, auditing and a searchable vendor invoice archive.
Contact Info:
Name: Derek Cavaleri
Email: Send Email
Organization: Rillion, Inc.
Address: 330 North Wabash Ave. 23rd Floor, Chicago, Illinois 60611, United States
Phone: +1-773-720-5873
Website: https://www.rillion.com
Source: PressCable
Release ID: 89077344
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.
