• Wed. Oct 5th, 2022

Franchise Accounting Problems and Solutions White Paper published by Rillion

ByStephanie M. Akbar

Jul 15, 2022

Chicago, Ill. – (Newsfile Corp. – July 15, 2022) – Rillion has released a white paper on how franchise organizations are solving outdated manual and paper-based processes that slow cycle times and create bottlenecks in the accounts payable process.

Rillion, an AP automation software company, released a white paper titled Franchise Accounting Problems and Solutions. The paper shows how franchise organizations are fighting manual processes and bottlenecks in accounts payable and how they are using technology to solve accounting issues in this area.

https://www.rillion.com/whitepaper/franchise-accounting-problems-and-solutions/

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Franchise Accounting Problems and Solutions White Paper published by Rillion

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Franchise operators and franchise organizations have specific needs that may not be common in other organizations, such as hundreds of locations, locally paid utility bills, multiple entities in different tax jurisdictions, local vendors servicing local franchise outlets and detailed accounts payable work. for audits and investigations.

The white paper 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 business structures. It illustrates how automated Accounts Payable solutions have increased efficiency in all aspects of Accounts Payable by eliminating manual and outdated paper-based processes.

“Large franchise organizations have accounting challenges that are unique to the industry,” said Paul Mullis, president of Rillion North America, “and leveraging technology to optimize the accounts payable process can eliminate the bottlenecks of throttling and reduce cycle times”.

Some veterinary franchises have multiple hospitals and thousands of employees. Productivity improvements come from better capture of billing data and automated GL coding.

Addressing accounting challenges through automation has given these franchise organizations a more streamlined accounts payable process that requires fewer resources and less time.

To download the white paper, visit:
https://www.rillion.com/whitepaper/franchise-accounting-problems-and-solutions/

Million provides accounts payable automation solutions to more than 3,000 customers worldwide. The Access point automation The solution includes capture, invoice processing, approval workflow, purchase order matching, auditing and a searchable archive of vendor invoices.

Contact information:
Name: Derek Cavaleri
E-mail: [email protected]
Organization: Rillion, Inc.
Address: 330 North Wabash Ave. 23rd Floor, Chicago, Illinois 60611, USA
Phone: +1-773-720-5873
Website: https://www.rillion.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130627


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