Company overview

Company name: Guzman y Gomez (GyG)
Industry: Mexican F&B restaurant chain
Location: Australia, with franchise operations across Asia
Company size: 24 outlets islandwide in Singapore, over 700 staff
Product Used: fileLedger
Use Cases: Accounts Payable and Accounts Receivable Entries, Purchase Order Matching, Schedule Monitoring, Performance Reporting

About the company: Guzman y Gomez (GyG) is a Mexican F&B restaurant chain based in Australia, with franchise operations across Asia. In Singapore alone, GyG runs 24 outlets islandwide and employs over 700 staff across their corporate back-office and front-of-house operations.

As a medium-sized F&B company, GyG’s most significant financial tasks are the handling of transactions with its vendors and customers, as well as the management of payroll for their hundreds of hourly and salaried workers.

Prior to using fileAI

Manual data entry and analysis

With financial information coming in from multiple different channels, including Gmail, WhatsApp, POS systems and more, GyG had to allocate 4 hours a day per outlet to ensure that information was sufficiently and accurately logged into their accounting system.

Monthly bookkeeping was only closed about 30 days from end-of-month, and reporting occurred periodically, with no opportunity for real-time data analysis.

Automation goals

With the primary goal of optimizing time and cost efficiency across all 24 of their Singapore outlets, fileAI was tasked to automate four aspects of GyG’s financial processing:

• Accounts Payable and Accounts Receivable Entries

• Purchase Order Matching

• Schedule Monitoring

• Performance Reporting

Solution

Using the platform’s proprietary technologies, fileAI provides one simple solution for all aforementioned financial processes. Within a short one-week implementation window, fileAI had implemented the system without any additional setup costs. By seamlessly integrating the tools already used by GyG’s employees with fileAI’s intuitive web app platform, minimal staff training was required to complete the onboarding process which was finalized within one week.

Accounts Payable and Accounts Receivable Entries

Acting as an intermediary, fileAI receives all accounts payable and accounts receivable documents. Using fileAI’s proprietary Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR) technology, the system automatically extracts and categorizes key data points, then exports it to GyG’s accounting ledger already mapped and coded.

To ensure a smooth transition, fileAI connected to tools which GyG employees were already accustomed to using, like Gmail and WhatsApp. With these integrations in place, GyG employees could simply continue to snap a photo on their smartphones, or upload a file to automatically submit a document for processing in real-time.

Purchase Order Matching

Integrating with Revel POS Systems, fileAI automatically matches purchase orders with the corresponding supplier invoices, flagging any discrepancies down to individual line items in each invoice.

Schedule Monitoring

By connecting with GyG’s HR tool, fileAI automatically retrieves GyG’s staff scheduling data. This empowers GyG’s leaders to optimize human resource allocation, giving them the ability to match business activities with scheduling efforts, monitoring and processing payroll for hundreds of hourly and salaried workers.

Real-time Performance Reporting

Combining financial data from GyG’s invoices and financial systems, fileAI has been able to create and provide real-time reports that are sent automatically to GyG’s internal stakeholders.