Quatrro's Innovative 'Asset Free Accounting' Model Emerges as the New Accounting Standard for the Franchise Industry

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Mar 19, 2015, 08:00 ET

ROSEMONT, Illinois, March 19, 2015 /PRNewswire/ --

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Quatrro Business Support Services (Quatrro), a market leader in providing cloud based business support services across diverse industries, is poised to create a new accounting standard for the franchise industry across the United States by conceptualizing and successfully implementing its "Asset Free Accounting Model" for a range of clients across existing and emerging industry verticals. Buoyed by the success in Restaurant, Retail, Automotive and Not-For-Profit (NFP) industry verticals, Quatrro aims to capture a significant share of the market and has already started enhancing penetration in several emerging verticals such as Hospitality and Healthcare.

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Small and Medium Businesses (SMB's) consider "Total Cost of Ownership (TCO)" and "Value Delivered" as key drivers while evaluating a business decision. The Finance & Accounting service providers have always found it challenging to create an integrated accounting solution that results in enhancing the business value for SMB clients.

Through its innovative offering that combines the benefits of superior process expertise with best-in-class technology, Quatrro has successfully bridged this gap. Quatrro offers platform based accounting solutions through a choice of innovative third party and proprietary platforms like Microsoft Great Plains 2013 (Microsoft Dynamics), QPort, QPort CRM, QRecs and Q-T&E that result in enhanced controls and greater financial transparency across its clients businesses.

Quatrro's integrated accounting offering is built on the concept of "CFO in a box" that integrates people, process and technology components without any additional investment on the part of the buyer and thereby enhances business value for them.

Small businesses including Franchisors and Franchisees utilizing Quatrro services gain from timely financial reporting providing greater business insights and enabling better decision making. Specialized services like Daily Sales and Cash Deposit Verifications enable businesses to eliminate poor cash handling procedures and minimize fraud.

Commenting on the exceptional business value that Quatrro's clients have realized over the years, Chuck Harmornick, President - Quatrro Business Support Services, said, "Quatrro's Asset Free Accounting Solutions have resulted in a paradigm shift in the SMB and Franchise Industry by redefining the product-price-performance equation for hundreds and thousands of businesses across the United States. This has further enabled us to eliminate asset related capital expenditures on the balance sheet of our clients".

About Quatrro Business Support Services (Quatrro)

Quatrro Business Support Services, one of the leading businesses under the Quatrro brand, consists of a range of affordable business support services that are offered through industry's first 'Click and Buy' interface on the cloud. Built on the innovative "Internet of Things" concept, the digital portal enables SMB clients to review, evaluate and buy a bundle of services off-the-shelf on a 24x7 basis.

Quatrro FPO Solutions is the Finance & Accounting business unit under the 'Quatrro Business Support Services' brand. It offers a broad range of platforms and cloud based accounting services by leveraging the industry's leading accounting platforms designed to create economies of scale resulting in enhanced financial visibility, lower costs and improved business processes. Its client base includes over 6500+ Small & Medium Businesses across auto parts, restaurant, retail, healthcare and hospitality industries, that include franchises of some of the legendary and iconic brands in the nation, as well as not-for-profit organizations. For more information, visit http://www.quatrrofpo.com/

Media Contacts

Kane Polakoff
Senior Vice President
Quatrro
[email protected]

SOURCE Quatrro Business Support Services