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The Secret Ingredient in a Franchise’s Financial Success: Bill.com!

November 15, 2011

“Two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun…” I just can’t help myself from singing it. Tomorrow we’re having a webinar highlighting a McDonalds’ franchise group’s success with Bill.com, and both the burger-lover and businessman inside of me couldn’t be more excited.

LikeQuote most Americans, I grew up eating McDonald's. While I was a young entrepreneur, I learned about Ray Kroc, who took over McDonald's Corporation in 1954 and transformed it into one of the most successful quick service operations in the world. As a finance and accounting enthusiast, I share Kroc’s passion for efficiency, consistency, innovation and quality. I marvel at how he turned his vision into the empire we know and love today by focusing on perfecting his product, building rock-solid relationships with suppliers, and developing an operations “machine” that continues to fuel McDonald’s growth.

While Bill.com isn’t in the business of burgers, our product is designed to provide business owners with similar kind of efficiencies enabling them to work smarter. I couldn’t be more pleased that Bill.com has proved to be such a great fit with McDonalds’ franchisee, Creative Management. Tomorrow’s webinar will get into the details, but it’s worth noting here that since they selected cloud-based Bill.com to manage their back office, they’ve saved over 1,800 hours in processing more than 5,000 bills—and have reduced the cost of bill pay by roughly 750%!

Bill.com has partnered with other franchises including a group from Five Guys Burgers & Fries. Bill.com helped the Five Guys’ multi-unit franchisee save more than 50% of time and money over their manual method of paying bills and allowed them to reinvest that energy and money into their franchise and their customers. Sharky’s Woodfired Mexican Grill’s franchisee credits Bill.com for keeping stacks of paper off of his managers’ desks, freeing their time to train employees and build store culture. A Miracle Ear franchisee started using Bill.com to pay his bills—but relies on the solution to help him keep an eye on his cash flow.

And we know how important cash flow is to running a franchise. Bill.com's Command and Control Center provides franchisees with a better overall picture of your financials so you have insights into your cash flow to help you make more informed decisions. Plus, it syncs with your accounting system, gives you easy access to your vendor information, and helps you collaborate more effectively with store managers. Bill.com is truly a partner for franchisees and can make a big impact on your bottom line.

I’ll let you in on a little secret: we’ve been known to have some fun after bringing on a new restaurant franchise business to Bill.com! The whole company celebrates by eating the brand’s food—and we even share the excitement with our fans. After the McDonald's franchise group joined the Bill.com family last fall, we all enjoyed eating burgers, shakes and fries, and even gave out a McDonald's gift certificate to a lucky fan of our Facebook page.

So grab yourself a value meal and join us for tomorrow's webinar featuring Brian Benge of Creative Management. Register at www.bill.com/cashflow and you’ll get a bonus top ten tips sheet for franchises called Take Control of your Franchise's Finances. We’re sure you’ll be satisfied—and inspired to see how Bill.com can help you work smarter.

To attend Wednesday's webinar register here.

René Lacerte
Founder and CEO
@rlacerte

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