The core driver was the intercompany functionality. We have 11 restaurants and a management company, all of which are separate legal entities. In order to maintain separate balance sheets for each entity, each was a separate Company in Quickbooks. Therefore any invoice that related to multiple entities would need to be entered multiple times – one in each Company. Additionally, each of our common vendors was receiving one check from each entity each week (so some lucky folks had the pleasure of processing 10 checks from us every week). Additionally, we were spending hours at the end of each period reconciling intercompany differences. With R365, we were able to achieve our goal of having our management company become a single-payer for all our restaurants. We now only process one payment weekly to our common vendors. We can easily post an invoice and journal entries to multiple entities. And R365 automatically posts all the intercompany transactions so we are never out of balance.
Basing our decision on the intercompany functionality quickly narrowed our field of choices. The final decision was made because of R365’s ongoing commitment to development. So much has already been added in the year and a half since we made the switch that we have barely been able to keep up with them. Love that.