Case Studies
QSR Group Inc. scaled location count by 40 locations without adding headcount saving over $200,000 with Factura.ai
QSR Group Inc. set themselves up for success enhancing their manual AP process by implementing Factura.ai helping them scale to 73 locations.
About
QSR Group Inc. is a multi-unit operator of Wendy’s and Tim Hortons restaurants. The President, Fraser, was looking to grow from 33 locations to 100 within 5 years. To achieve his goals, Fraser was looking at ways to
streamline his operations and put his company on track for success. His priority was the low hanging fruit of their inefficient accounts payable process which was slowing down their ability to scale.
Challenges
Manual AP Process: Time-consuming outdated
AP process meant that each invoice needed to be coded by hand. As the invoice volume grew, there was less capacity for the 2 AP staff to complete their work, especially at month end
Email Based Approvals: Their process relied on
sending emails out for approvers, sometimes even
multiple signatures. AP would constantly need to
follow up as approvers were not approving invoices in a timely manner
Paper Storage: AP needed to print out,
index and file the invoices for 7 years in filing cabinets for audit purposes. Besides time consuming, it was taking up real estate in their
office
Factura.ai has reduced our accounts payable administrative
work by ~90% and has improved the time we close our monthly books. We are so happy we moved to an automated AP
platform. It’s also a proven foundation for how we manage
operations and continue to improve for the future.
Fraser H.
Owner