Emerging Player in Everest Group’s 2013 FAO PEAK Matrix
Rosemont, IL – September 12, 2013 - Quatrro, a market leader in providing platform and cloud based accounting services to the hospitality industry, announced that they have entered into a strategic partnership with Steve Belmonte, CEO of Vimana Franchise Systems which franchises Centerstone Inns, Hotels & Plaza Hotels as well as Key West Inns, Hotels & Resorts.
“What’s exciting is that Quatrro has the capability to transition large accounting departments to their payroll, thereby reducing operating expenses for hotel owners, operating companies, management companies, etc. while retaining key employees who understand and know the needs of their hotels,” explained Steve Belmonte. “In other words, Quatrro can come in, purchase the accounting department from an existing operating company, write a check to that entity and then utilize Quatrro’s platform and technology to take over accounting functions going forward. In my opinion, it’s more than just an opportunity for immediate and newfound cash, it’s an opportunity to enhance and stabilize all your accounting functions without worrying about employee benefits, vacations, turnover, etc. It’s just a fantastic concept when you combine this with the fact that Quatrro is already doing business with leading franchise companies such as Burger King, SONIC, IHOP, Pizza Hut, KFC, Wendy’s, Quiznos, Taco Bell, to name a few,” said Belmonte. Blog
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