Quatrro Partners with Georgia Center for Non Profits (GCN) to Present a Webinar on Financial Reporting & Budgeting

Atlanta, GA - May 17, 2016 - Quatrro Global Services, a market leader in providing platform based business services to mid-market clients, will be presenting a webinar on “Nonprofit Finances for Non-Financial People”, exclusively for the staff and board members of Georgia Centre for Non Profits (GCN). The webinar is scheduled between 9:30 to 10:30 AM EDT on Tuesday, May 17, 2016


The mission of GCN is to build thriving communities by helping nonprofits succeed. Through a powerful mix of advocacy, solutions for nonprofit effectiveness, and insight building tools, GCN provides nonprofits, board members and donors with the tools they need to strengthen organizations that make a difference on important causes throughout Georgia.


GCN has recently partnered with Quatrro to educate their member firms on essential finance and accounting tools and strategies. The webinar will equip the participants with the necessary financial insights on avoiding common pitfalls and mistakes while budgeting and maintaining their financial information.


The presenter for the day, Larisa Morrison – Vice President of the Not-for-Profit division at Quatrro will address a range of critical topics on financial reporting and budgeting - from CEO responsibilities in interpreting reports, to the role of program staff in budgeting, to the development team's need to build financial projections.


Quatrro has recently launched ‘Help the Small Business’ campaign (#HelptheSMB) at the onset of the Annual SMB Week in the United States between May 1–7, 2016. The focused webinar is first in a series of initiatives focused towards educating the small and medium businesses on latest industry trends as well as equip them with a range of accounting solutions that will help these businesses to improve their profitability.


About Quatrro (Quatrro)

Quatrro , 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 offers a broad range of platforms and cloud-based accounting services by leveraging 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 more than 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.Quatrro.com

Quatrro Recognizes Small Business Week with the Launch of "Help the Small Business" Campaign

Atlanta, GA - May 17, 2016 - Quatrro Global Services, a market leader in providing platform based business services to mid-market clients, announced the launch of “Help the Small Business” campaign in conjunction with the National Small Business Week to recognize the contribution of United States’ top small businesses, entrepreneurs and business advocates.


Quatrro is turning the Small Business Week (May 1-7) into a ‘Small Business Year’, with year long campaigns focused on helping hundreds and thousands of small business owners across Auto, Retail, Restaurant, Not-for-Profit (NFP), Healthcare and Hospitality verticals by educating them on best practices of running the business and offering innovative platform-based business support solutions that aim to improve business profitability for them.


The first campaign, in a series of quarterly campaigns, will kickstart from Monday, 9th May and will be focused on the “Not-for-Profit” sector. Quatrro envisions helping the nonprofit organizations including educational, religious, human service, seminaries, foundations and associations by introducing them to the most efficient financial management reporting and compliance practices through in-person events, focused thought leadership articles, webinars, surveys and social media engagement initiatives.


“Our economy has witnessed exponential growth over the last few decades owing to the pivotal role played by small and medium businesses in growing our economy. According to US Small Business Administration (SBA), small businesses constitute over 99.7% of all employer firms and account for 64% of new jobs created in the United States on a year-on-year basis”, said Charles Harmornick, President – Quatrro .”National Small Business Week is an opportune time to announce our continued commitment and support to small business owners by providing them with services, resources and tools to be successful”.


Quatrro is using social media to support the campaign with the hashtag #HelpTheSMB, as well as through Quatrro website and Quatrro blog.


About Quatrro

Quatrro , 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 offers a broad range of platforms and cloud-based accounting services by leveraging 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 more than 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.Quatrro.com


 
     

Quatrro's Innovative Finance and Accounting Services for Nonprofits Helps With Compliance Reporting, Optimizes Cash Flows and Maximizes Revenue Streams

Atlanta, GA -April, 2016 - Quatrro, a market leader in providing platform-based business services to mid-market clients, is poised to redefine the financial management practices across the Not-for-Profit (NFP) industry through a combination of cutting-edge technology, flexible service delivery and domain expertise. The company has recently enhanced its value proposition through the addition of Quatrro BI, an industry leading business intelligence and analytics tool that will enable the NFP’s to perform benchmark reporting and drive business decision-making.

In a challenging economy, human service agencies, member and educational organizations, charities, and other nonprofits are under tremendous pressure to maintain transparency, accountability and strong corporate governance.  According to the Nonprofit Finance Fund’s 2015 State of the Nonprofit Sector Survey, 76% of nonprofit organizations reported an increase in the demand for their services, however more than half (52%) were unable to meet that demand. This was attributable to cash flow concerns, high staff turnover and not having access to timely and accurate financial data to facilitate planning and decision-making.

Quatrro’s tailored finance and accounting solution, built on the strengths of a robust accounting and business intelligence platform, enables nonprofit organizations to mitigate these pain points and remain focused on their mission.

With a 24+ year track record of helping organizations meet compliance deadlines and successfully complete audits, Quatrro specifically helps NFP’s:

  • Produce high-quality financial reports to improve decision making
  • Make well-informed decisions about programs and budget priorities
  • Improve accountability both internally and externally to funders and donors
  • Monitor accounts receivable and cash flow
  • Implement best practices, internal controls and comply with Financial Accounting Standards board (FASB) regulations

Commenting on Quatrro’s continued focus on supporting the NFP industry, Charles Harmornick, President, Quatrro , said, “Quatrro has a rich history of servicing NFP clients. By combining state-of-the-art automation tools, process expertise and domain knowledge; we have developed a comprehensive accounting suite that will enable nonprofit organizations focus on their mission rather than on defining and documenting procedures. We will continue to partner with our NFP clients to not only strengthen their accounting operations but also provide strategic business insights that will help them maximize their funding and sustain their growth”

Quatrro offers a broad range of accounting services to all types of non-profits including educational, religious, human service, seminaries, foundations and associations to name a few.

About Quatrro (Quatrro) 

Quatrro , 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 offers a broad range of platforms and cloud-based accounting services by leveraging 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 more tha 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.Quatrro.com

 

Quatrro to Enhance Focus on US Healthcare through Innovative Finance & Accounting Solutions to Small Physician Groups & Doctor’s Offices


Atlanta, GA -March 21, 2016 - Quatrro, a market leader in providing platform based business services to mid-market clients, announced its plans to further enhance its market share in healthcare accounting in FY 2016-17 after significant client wins last year.  The company offers a range of accounting and medical billing services to its healthcare clients that have resulted in streamlining their financial practices and implementing cost savings upto 40%.


As per a report by Mckinsey, Fifteen cents of every US healthcare dollar goes toward revenue cycle inefficiencies. Of the $2.7 trillion the country spends annually on healthcare, $400 billion goes to claims processing, payments, billing, revenue cycle management (RCM) and bad debt—in part, because half of all payer-provider transactions involve inefficiencies. In addition, the physician groups and individual medical practitioners have traditionally been focused on patient billing and have been unable to implement effective financial controls across their revenue cycle leading to revenue leakages.


Quatrro analyzed the industry pain points and conceptualized a tailored Finance & Accounting solution to reduce cost of compliance and enhance efficiencies for physician groups and medical practitioners across the United States. Built on the strengths of ‘CFO in a box’ model, Quatrro’s innovative “Asset Free Accounting” model combines industry best practices, proprietary tools and methodologies to ensure sustained improvements and technology optimization.


The recent launch of Quatrro BI, the next-gen business intelligence and analytics solution, makes the value proposition all the more compelling for the healthcare providers. It will further equip Quatrro’s clients to achieve scale, monitor performance and keep financial processes running smoothly —especially across multiple locations.


Commenting on Quatrro’s growing focus on enhancing presence in the US healthcare industry, Charles Harmornick, President, Quatrro , said, “Increasing regulatory pressures and the adoption of new care and payment models are increasingly driving small physician groups and doctor’s offices to reduce revenue leakage and improve operational efficiency. Quatrro’s tailored offering for the healthcare industry will redefine the industry landscape and enhance transparency in finance and revenue cycle for hundreds and thousands of healthcare providers across the nation”.


Quatrro adheres to statutory requirements by ensuring that all its processes as well as agents are HIPAA compliant.


About Quatrro (Quatrro)

Quatrro , 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 offers a broad range of platforms and cloud based accounting services by leveraging 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.Quatrro.com


 
     

Quatrro Processing and Atlantic-Pacific Processing Systems form Strategic Partnership to offer Card Processing Services to Issuers and Acquirers


Atlanta, GA - January, 2015 - Quatrro Processing Inc., a market leader in addressing opportunities in global payments industry, covering Card Processing, Payments Processing, Fraud & Risk Management and Analytics solutions for both Acquirers and Issuers has formed a strategic partnership with Atlantic-Pacific Processing Systems (APPS) headquartered in Las Vegas, NV, a leading provider of secure transaction processing services with over a decade of experience, and merchant credit card processing services throughout the United States.


Through this partnership, Quatrro Processing and APPS will jointly provide cost effective solutions to enhance card acceptance for merchants and merchant acquiring services to small and medium financial institutions such as Community banks and Credit Unions.


This partnership will empower both the parties in leveraging their service offerings to provide tailored solutions to small and medium financial institutions which were earlier, typically reserved for much larger organizations. This combined go-to-market approach will provide best of breed, “Next-generation services” which not only include new technology but EMV readiness and the highest compliance standards such as PCI DSS Version 3.1.


This joint offering will be the first of its kind and will not only be beneficial to the financial institutions but also to their end customers who will benefit from receiving more value added services from their credit unions or community banks. Through this partnership, APPS and QPS have further strengthened their respective footprints in the banking and financial industry.


About Quatrro Processing Inc.

Quatrro is a leading service provider to Financial Institutions, Merchants and to the Payment processing industry worldwide. The company offers an integrated suite of risk management services across the entire risk cycle spanning credit, fraud and portfolio management. Quatrro's services include Analytics, Transaction Monitoring and a host of proprietary risk management platforms for Card Issuers, Acquirers, Processors, Online Retailers, Merchants, Banks, Credit Unions, Prepaid and Alternate Payment Providers.


The company is uniquely positioned to offer superior fraud protection, providing unmatched ROI to merchants, financial institutions, payment gateways, processors and program managers.

For more information, please reach out to us at www.quatrroprocessing.com


 

Quatrro launches Industry’s first Mobile App for buying Business Support Services for Mid-Market & SMB Clients


User-friendly mobile app available for download from both Google Play and Apple Store

Atlanta, GA - December 16, 2015 - Quatrro Global Services, a market leader in providing platform based business services to mid-market clients, announced the launch of its breakthrough mobile application (app) for subscribing to business services on-the-go. The easy-to-use app will enhance customer engagement, ensure smoother navigation and, most importantly, enable hundreds and thousands of small and medium businesses to subscribe to business services from their smart phones and tablets – anytime, anywhere.


As per one of the leading market research firms, the number of smart phone users worldwide will surpass 2 billion by 2016 with an increasing number of consumers using their smart phones to make purchases. From customer relationship management to facilitating payments, mobile apps are playing a significant role in fueling business growth across the Business-to-Consumer (B2C) segment.


However, service providers have struggled to replicate the model across the Business-to-Business (B2B) industry as it involves inherent challenges including productization of services, optimal pricing, complex programming and building the necessary flexibility in the app.


Quatrro analyzed these requirements and has devised an easy-to-use mobile app that offers a range of premium subscription services to small and medium businesses (SMB) at optimal price points. The app, which is integrated with all of Quatrro’s online sales channels, allows customers to register, view a range of SMB specific services and make purchases at the click of a button.


"Quatrro is committed to supporting SMB clients and has architected platform-based services across our businesses to service them. This has enhanced adoption of our services and enabled us to take a head start of 3 to 5 years over our competition”, said Raman Roy, Chairman, Quatrro Global Services. “Our online sales portal and the newly developed mobile app will enable Quatrro to create a new paradigm of access and adoption of business services across the mid-market clients".


The key services on offer include Accounting, Payroll, Technical Support, Credit Services, Admin Support, Research Services, Website Services, Merchant Services and Human Resource Services.


The app can be downloaded from Google Play and Apple Store by searching for ‘QuatrroSMB’.


About Quatrro

Quatrro is one of the leading Business Services Provider in the market, and has been architecting “Beyond the Existing” service offerings for unaddressed and underpenetrated markets through a combination of platform based services and domain expertise. Quatrro supports over 100 enterprise clients, 50000+ SMB and SOHO clients and over 1,000,000 retail customers across multiple geographies through five independent and rapidly growing business lines namely Business Support Services, Processing Services, Mortgage Solutions, Technical Support and Knowledge Services.


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 and the recently developed mobile app. The digital portal and now, the mobile app, enables SMB clients to review, evaluate and buy a bundle of services off-the-shelf on a 24x7 basis.


For further information on Quatrro, please visit www.quatrrofpo.com


 
     

Quatrro makes additional investment to strengthen its presence in United States and deepen its commitment to grow business across industry verticals


Opens new office to support current and future planned capacity and client growth across Finance & Accounting, Mortgage Solutions, Processing Services, Technical Support and Knowledge Services

Atlanta, GA -October, 2015 - Quatrro Global Services, a market leader in providing platform based business services to mid-market clients, today announced additional investments to further expand its US presence by opening a new corporate office. The new office located at Atlanta, Georgia reinforces Quatrro’s strategy of enhancing presence across the US to support its rapid growth and future expansion plans.


Quatrro has built-up significant North America presence over the last 8 to 9 years with several satellite offices and a robust sales engine. While sales teams operating from satellite offices have ensured coverage across the country, the company has decided to further strengthen its hub by integrating its corporate and support functions into a new state-of-the-art facility.


Commenting on Quatrro's recent investment and future expansion plans, Raman Roy, Chairman, Quatrro Global Services, said, "United States is one of the largest markets for Quatrro, and we want to enhance our presence across the nation. The opening of our new corporate office at Atlanta, one of the strategic business hubs, will further build upon our capabilities to meet existing customer demands as well as enable us to penetrate newer industry verticals with our range of revenue-enhancing solutions that contribute to their business growth".


Quatrro selected Atlanta as its new corporate office in the US on account of its positive economic growth, availability of skilled talent pool and Quatrro's expanding footprint in the region. Atlanta, which is recognized as the one of the major commercial and business destination of the world and home to several 'high-tech' Fortune-500 companies, will now be home to Quatrro.


The complete address of the new office is: Quatrro Inc., 1850 Parkway Place, Suite 1100, Marietta, GA 30067.


About Quatrro

Quatrro is one of the leading Business Services Provider in the market, and has been architecting "Beyond the Existing" service offerings for unaddressed and underpenetrated markets through a combination of platform based services and domain expertise. Quatrro supports over 100 enterprise clients, 50000+ SMB and SOHO clients and over 1,000,000 retail customers across multiple geographies through five independent and rapidly growing business lines namely Business Support Services, Processing Services, Mortgage Solutions, Technical Support and Knowledge Services.


For further information on Quatrro, please visit www.quatrrofpo.com


 
     

Quatrro's 'Asset Free Accounting Model' finds rapid adoption among the SMB & Franchise Industry


Finance & Accounting leader all set for a buoyant Q2 with over 40 client wins in the first quarter of FY 2015-16

Atlanta, GA - July, 2015 - Quatrro Business Support Services (Quatrro), a market leader in providing cloud based business support services across diverse industries, announced that it has kick-started the financial year with over forty (40) new client wins and several key client renewals in the first quarter. Quatrro's strong performance during the quarter was primarily attributed to significant client acquisitions and revenue growth across the Enterprise, Not-for-Profit and Retail industry.


As per industry reports, the Finance & Accounting (F&A) outsourcing activity among mid-market companies currently comprises one-third of the entire market and is poised for further growth in the next few years. With F&A market showing signs of maturity, the buyer expectations from service providers have shifted from being a mere transactional accounting provider focused on cost savings to a trusted, strategic transformation partner.


Quatrro's recent launch of "Asset Free Accounting" model has enabled it to play the role of a key strategic transformation partner by enhancing the business value for its clients. The innovative accounting model offers compelling value to small and medium businesses (SMB's) by combining superior process excellence and domain expertise with underlying accounting platforms and tailored business intelligence & analytics, and thereby providing Quatrro BI view of the business performance at no additional investment.


Commenting on the recent client wins, Chuck Harmornick, President - Quatrro Business Support Services, said, "Quatrro's strong growth momentum in the first quarter is a glowing testimony of the enhanced adoption of our innovative accounting model, built on the strengths of business intelligence and predictive analytics. The leading SMB and franchise brands of the nation are selecting Quatrro as their business transformation partner as they see tremendous value in Quatrro's ability to enhance their revenues, reduce total cost of ownership and offer superior customer services."


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 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, please reach out to us at www.quatrrofpo.com


 
     

Quatrro and GridPoint form Strategic Partnership to offer Energy Management Solutions & Other Revenue Enhancing Services to Small and Medium Businesses


Rosemont, IL - June, 2015 - Quatrro Business Support Services (Quatrro), a market leader in providing cloud based business support services, today announced that it has signed a strategic partnership with GridPoint, Energy Management Solutions (EMS) leader, that will enable small and medium businesses to optimize their energy savings, streamline reporting and manage their energy spends efficiently.


As part of the agreement, Quatrro will act as a referral partner by offering GridPoint’s EMS to its customers in the restaurant, retail, automotive, healthcare and hospitality space with the intention to improve their operational efficiency, streamline energy management and reduce operating costs. With this partnership, Quatrro will be able to offer its customers a more cost-effective, granular submetering and monitoring capabilities, and further automate their energy reduction plans.


Further, the partnership strategically enables the two companies to leverage their existing relationships to mutually promote and thereby gradually evolve to offer Quatrro’s range of SMB specific services such as Finance & Accounting, Technical Support, Credit Solutions, HR & Payroll, Administration Support and Website Development Services to GridPoint’s customers.


"Quatrro is one of the leading SMB Service Providers in the industry today. Through this partnership, Quatrro envisions to increase both companies’ addressable markets by enhancing penetration in verticals where energy is a major operational cost”, said Charles Harmonick, President – Quatrro Business Support Services. “Quatrro is very excited about the prospects of this partnership and expects it to account for increased business opportunities for both the companies".


"Quatrro will be a very strong addition to GridPoint’s expanding Referral Partner Program,” said Mark Danzenbaker, Senior Vice President of Sales, Marketing and Product Management at GridPoint. “SMB’s need greater visibility into past and expected energy costs, and we are excited to expand our market reach in support of Quatrro’s customer base and enable their customers to take control of energy consumption and achieve energy and operational savings goals."


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 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.


 
     

Quatrro launches 'Next-Gen Business Intelligence Tool' for Franchisors and Small and Medium Businesses


Rosemont, IL - May, 2015 - Quatrro Business Support Services (Quatrro), a market leader in providing cloud based business support services, announced the launch of an innovative Business Intelligence (BI) and Financial Analytics tool to enhance financial visibility and enable informed decision making for hundreds and thousands of Small & Medium businesses and Franchisors across the United States.


As per a report by IDC and EMC, the overall data in the world will grow by 50 times by 2020, but only 37% of this data will be structured. With the emergence of Social Media, Mobility, Analytics and Cloud (SMAC) as the new benchmark to measure success of digital businesses, the Small and Medium businesses will need to leverage the SMAC technology stack to extract strategic business insights from piles of unstructured data.


Quatrro's next-gen BI combines tailored analytics with cloud based technology to address these compelling business needs. From business intelligence to financial performance analysis and strategic management, Quatrro's BI is designed to enable key decision makers in the organization make the decisions that achieve better business outcomes - for now and in the future.


The tool is equipped with best-in-class reporting mix that includes financial dashboards, alerts and reporting templates that offer actionable business insights to the small businesses and franchisors at prices that are at a fraction of the benefits obtained.


Some of the key benefits are as highlighted below:

  • Financial Planning & Analysis - Allows for benchmarking and comparison of unit-wise performance that leads to identification of trends and red-flags
  • Planning, budgeting and forecasting – Enables tracking of current state of operations and drive future growth across the stores through predictive analysis and forecasting
  • Inventory and Expense Management - Enhances visibility into cost reduction opportunities
  • Revenue & Profitability Management - Enables small business owners to take informed business decisions that drive profitability
  • Cash-Flow and Balance Sheet Management - Improves Cash-flow analysis with integrated, up-to date information and enhanced Balance Sheet visibility
  • Financial Governance, Risk Management and Compliance - Delivers greater transparency by integrating data and aligning governance models

Commenting on the enhanced business value that Quatrro's BI offers to the franchise industry, Charles Harmonick, President - Quatrro Business Support Services, said, "Quatrro's BI encapsulates important features and benefits at every step, from data access and consolidation to generation of financial reports, reporting, financial analysis and forecasting. It will equip the franchisors with greater financial insights and transparency that will aid in strategy formulation and contribute to their bottom-line growth".


Quatrro's BI has already received positive feedback from its clients and will now be offered to clients across diverse industry verticals including Restaurant, Retail, Auto, Hospitality, NFP and Healthcare in the next few months.


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 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.


 
     

Quatrro's Reconciliation Solution, "QRecs", emerges as the preferred tool for mitigating fraud across the Franchise Industry


Rosemont, IL - April, 2015 - Quatrro Business Support Services (Quatrro), a market leader in providing cloud based business support services, has been playing a trend-setting role in reducing fraud across the franchise industry in the United States. Over the years, Quatrro has helped its auto, restaurant and retail franchise clients achieve several million dollars of fraud related savings and thereby protected their capital.


The franchise industry is constantly challenged to minimize the revenue losses due to poor reconciliation practices. In addition, a lack of transparency into the Record-to-Report (R2R) cycle affects the operational performance and profitability of small businesses.


Quatrro conducted a thorough analysis of these pain points and architected a comprehensive account reconciliation solution, branded as "Qrecs", that helps to identify exceptions through sales and cash deposit verifications at the store level and prevent revenue leakage. Quatrro's proprietary technology platform enables small businesses and franchisees to streamline their Record-to-Report (R2R) cycle by creating electronic links between the POS terminals used by store owners and Quatrro's own accounting software. This helps to provide comprehensive audit trails, effective internal controls and tracking of all exposures within a timely basis.


With well defined workflows and supported by 3-way grid-match, Quatrro's reconciliation solution ensure minimization of fraud at POS terminals. Key reconciliation offerings include:

  • Bank Account Reconciliations
  • Sales and Cash Deposit Verifications
  • Credit Card Deposit Verifications
  • Gift Card and Gift Certificate Reconciliations

Commenting on Quatrro's pioneering role in fraud detection and prevention to the franchise industry, Charles Harmornick, President - Quatrro Business Support Services, said, "Quatrro focuses on reducing the risk of fraud and increasing accuracy across our clients businesses through a combination of human intelligence and platform capabilities. We offer our industry proficient solutions through accountants with knowledge base in US GAAP, SOX and accounting best practices that result in shortened cycle time, reduced manual effort and up to 40% cost savings for our clients".