PALO ALTO, CA--(Marketwire - Aug 17, 2012) - Bill.com, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced that Burger King franchise owner and industry luminary, David Ostrowe, will be a featured speaker in a webinar providing insight into how to build a profitable multi-unit franchise. The free webinar will be held at 1 p.m. PT on Thursday, August 23, accessible from cashflow.bill.com/secrets.
Ostrowe, the owner of 25 Burger Kings, is known throughout the industry for having the knack of buying distressed properties and turning them around. He uses Bill.com for bill paying, and by automating this function he has cut his company's paperwork by 80 percent. Also, by automating the bill pay process, he was not forced to outsource his payroll, which produced savings of more than $50,000 per year, in addition to streamlining the process and improving accuracy.
During the webinar, Ostrowe will share his experience and offer secrets to profitability, including how to:
- Manage 400 people with three full time employees
- Leverage cloud technologies to control overhead
- Empower your employees, while maintaining control of your operation
- Increase accountability and transparency through finance in the cloud
In the past, Ostrowe used a very manual system which was time consuming and error prone. Since implementing Bill.com, he has realized tangible benefits.
"Bill.com has allowed us to streamline all of our bill pay processes," said David Ostrowe, franchise owner. "Bill.com literally saved us from having to outsource payroll, which saved us at least $50,000 a year. Not to mention it's so easy to use my 14-year-old daughter can use it."
Bill.com delivers a complete web-based financial solution for businesses and accountants that provides the tools, information and collaboration required to better manage their financial tasks and optimize cash flow. Bill.com's game-changing technology digitizes a historically paper-based and time-consuming process, allowing users to access online bill payments, e-invoicing, document management and automated workflow through one easy system. In addition to seamlessly integrating with businesses' existing accounting software programs, Bill.com provides financial leaders with a comprehensive view of their cash forecast -- making it the only solution that connects a user's banks, bookkeeping and business. The Bill.com system is also being embraced by the banking industry, bringing banks a first-of-its-kind platform that enables them to offer business customers powerful accounts payable and accounts receivable services, develop additional revenue streams and increase customer acquisition and retention.
"David Ostrowe is one of the most successful franchise owners in the business and is a stellar example of how franchises are embracing Bill.com to better manage their financials and scale their businesses," said René Lacerte, founder and CEO of Bill.com. "We are thrilled that David is willing to share his valuable knowledge and experience in this webinar -- we think participants will learn lessons from one of the best."
Date: August 23, 2012
Time: 1 p.m. PT
Title: "Learn the Secrets of Profitable Multi-unit Franchise Operations"
Speaker: David Ostrowe, Burger King Franchise Owner
Moderator: René Lacerte, Founder and CEO, Bill.com
Bill.com is a cash flow command and control system that manages accounts payable and receivable for businesses of all sizes. Offering online bill pay, custom invoicing services, unlimited document storage, collaboration tools, and mobile access, Bill.com's services easily sync to users' accounting software programs and online bank accounts to better control company financials. Bill.com guards against errors and employs enterprise-class fraud protections that current methods cannot match. More than 100,000 users are now getting paid and paying millions of bills, worth billions of dollars, using Bill.com. Financial institutions can now offer these benefits to their business customers by integrating Bill.com with their banking platform.