Founded in 2002, Freddy’s is a national frozen custard and burger chain with 25 owned stores and more than 350 franchised stores. Amidst rapid growth of the business, CFO Bill Valentas had become frustrated with the limitations of the company’s generic small business accounting software.
“Sage just wasn’t sustainable for what we were trying to do,” Valentas noted. He started looking for a new accounting system to support more locations.”
When Valentas was introduced to Restaurant365, he was drawn to the team and the flexibility of the system. He quickly understood how switching to a restaurant-specific accounting software solution would be worth the investment, saving him time and resources as Freddy’s grew.
“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. 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,” noted Valentas.
With fewer manual tasks each day and period, the CFO’s team has been able to redirect its time to do more advanced analytical thinking.
“Before Restaurant365, we were working around-the-clock just trying to get everything done each period,” said Valentas. “Now, we’re really looking at what’s going on and looking ahead so we’re catching things that shouldn’t happen. 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.”
Restaurant365 has exceeded the CFO’s expectations for support amidst Freddy’s rapid growth. With the system up and running, they have opened 13 new owned stores without scaling the internal accounting team.
Bill Valentas, CFO
Freddy’s
With so much success internally, Valentas has recommended it to the company’s franchisees as well—improving Freddy’s operations nationwide.
Exceeded CFO’s expectations
for support amidst Freddy’s rapid growth
Opened 13 new stores
without scaling the internal accounting team
Faster reconciliation
for real-time financial insights
Discover how you can start achieving savings like these for your business
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Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
