happay for restaurants
TRANSCRIPT
2014 copyright and proprietary. VA Tech Ventures
Expense MANAGEMENTFor multi-chain restaurants
2014 copyright and proprietary. VA Tech Ventures
As a restaurant you have expenses; a lot of them.
Fuel
Events andPromotions
Maintenance and Repairs
Rent and utility bills
Food and ingredients
Kitchen equipment and utensils
Sodas and Juices
To manage these expenses and keep the business running, your employees need timely access to liquid funds. So what you do? You give them cash…
2014 copyright and proprietary. VA Tech Ventures
Typically, this is how the current process works!
Looks pretty simple and straightforward for one employee!
Employee goes to the Store Manager with a list of items to be bought
REQUISITION FIRST ENTRYThe Store Manager makes an entry of the items in his system.
DISBURSEMENTGives the employee a cash advance against the entry
PURCHASEEmployee purchases the items from the store
RECEIPTEmployee submits receipt
FINAL ENTRYStore Manager enters the receipt data into the system
2014 copyright and proprietary. VA Tech Ventures
However, on any given day, not one but many employees request funds for expenses.
Employee goes to the Store Manager with a list of items to be bought
REQUISITION FIRST ENTRYThe Store Manager makes an entry of the items in his system.
DISBURSEMENTGives the employee a cash advance against the entry
PURCHASEEmployee purchases the items from the store
RECEIPTEmployee submits receipt
FINAL ENTRYStore Manager enters the receipt data into the system
2014 copyright and proprietary. VA Tech Ventures
Typically, this is what happens!
REQUISITION FIRST ENTRY DISBURSEMENT PURCHASE RECEIPT FINAL ENTRY
Overload of requests
Money runs out!
No idea how and where cash was spent
Lost receipts!
Accounts don’t match
Piles of receipts to be saved
TediousManual entry
Store manager has to be available for giving money
Employee goes to the Store Manager with a list of items to be bought
The Store Manager makes an entry of the items in his system.
Gives the employee a cash advance against the entry
Employee purchases the items from the store
Employee submits receipt
Store Manager enters the receipt data into the system
TediousManual entry
2014 copyright and proprietary. VA Tech Ventures
Overload of requests
Money runs out!
No idea how and where cash was spent
Lost receipts!
Accounts don’t match
Piles of receipts to be saved
TediousManual entry
Store manager has to be available for giving money
TediousManual entry
Now imagine you have not one but a chain of restaurants…This chaos multiples across all your outlets!
HOWEVER, THERE IS A WAY OUT.
2014 copyright and proprietary. VA Tech Ventures
Introducing Happay
An innovative expense management solution for restaurants Happay eliminates cash handling, paper receipts and manual data
entry.
Employees get happay cards Restaurant admins allocate money, track expenses and control employee spending from happay’s mobile or web
dashboard
2014 copyright and proprietary. VA Tech Ventures
How happay works for your restaurant
OUTLET 1
EMPLOYEE 1 EMPLOYEE 2 EMPLOYEE 3 EMPLOYEE 4
Assign Happay Visa cards to your employees.
Admin Kitchen Manager Marketing Manager Deliverymen
2014 copyright and proprietary. VA Tech Ventures
OUTLET 1
EMPLOYEE 1 EMPLOYEE 2 EMPLOYEE 3 EMPLOYEE 4
Fund cards instantly, from your admin app or web dashboard.
Admin Kitchen Manager Marketing Manager
Kitchen Manager
Deliverymen
2014 copyright and proprietary. VA Tech Ventures
EMPLOYEE 1 EMPLOYEE 2 EMPLOYEE 3 EMPLOYEE 4
Admin Kitchen Manager Marketing Manager
Decide beforehand how and where your employees spend their allocated funds.
SET LIMIT
Kitchen Manager
PERIOD AMOUNTCOUNT
Daily - 30,000
OUTLET 1
Set spend limits on individual cards.
30,000
Deliverymen
2014 copyright and proprietary. VA Tech Ventures
EMPLOYEE 1 EMPLOYEE 2 EMPLOYEE 3 EMPLOYEE 4
Admin Kitchen Manager Marketing Manager Deliverymen
Allow cards to be used anywhere or restrict card usage.
SET POLICIES
Kitchen Manager
POS ATMONLINE
OUTLET 1
2014 copyright and proprietary. VA Tech Ventures
Track all expenses in real time!
Admin
Kitchen Manager
Marketing Manager
Deliveryman
DHL Rs. 200
Gourmet Foods Rs. 3000
Printo
Indian Oil
Rs. 500
Rs. 1000
Get an overview of all employee expenses in one, single place. View aggregate expense data of all employees together or filter data by individual
employees.
2014 copyright and proprietary. VA Tech Ventures
Cashless and paperless expense reporting, approval and reconciliation for your team.
EMPLOYEES
1 SPEND ON CARD
SNAP PHOTO OF RECEIPTS
SUBMIT EXPENSES ON MOBILE!
2
3
STORE MANAGERS AND ACCOUNTANTS
4 VIEW & APPROVE EXPENSE REPORTS WITH DIGITISED RECEIPTS
EXPORT EXPENSE DATA TO ACCOUNTING5
2014 copyright and proprietary. VA Tech Ventures
Why happay is the ideal solution for your restaurant
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Instant money disbursement to employees No lengthy approvals, no delays, no cash handling
Automated expense reporting and reconciliationNo manual entry. No paper receipts.
Real-time tracking and control of expensesNo waiting for bills to be submitted
4 Accurate accounting of expensesAutomated and error free
** Plus, you get to do all this from one, centralised platform. **
2014 copyright and proprietary. VA Tech Ventures
Restaurants using happay for expense management
With Happay, all the expenses are automatically recorded and verified, and hence they can directly be imported into accounting.
It has freed up one person for doing more productive work.
Happay has streamlined the process and made it paperless. Also, we are spending 70% less time in managing expenses.
-Sony Jacob, Finance and Accounts, Windmills
Before happay, I would visit my outlets individually to distribute petty cash or send money to each outlet by cheque. This was a slow and time-consuming process.
With happay I am able to allocate money to my outlets instantly from my admin dashboard.
I am also able to track where the allocated money is being spent.Expense accounting is also faster and automated.
-Finance and Accounts, Habanero
2014 copyright and proprietary. VA Tech Ventures
Get Started with happay in no time
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15 MINUTE ONLINE SIGNUP
NO PAPERWORK REQUIRED
EXPRESS DELIVERY OF HAPPAY CARDS
4 INSTANT CARD ACTIVATION
2014 copyright and proprietary. VA Tech Ventures
For a demo of our product,email us at [email protected] or call us at +91-80-65777444.
THANK YOU