Occupier and Paperchase Partner to Empower Restaurant Leasing Workflows

Last Updated on May 10, 2024 by Amanda Lee

INDUSTRY: Hospitality and Restaurant Accountancy |
CLIENT LOCATIONS: 1,500 + | OCCUPIER USERS: 100+

What Makes Occupier and Paperchase the Perfect Solution For Hospitality Groups

According to Caroline Scannell, Brand Development Director at Paperchase, “Our accounting team handles day-to-day financials, technical lease accounting workflows, and custom analytics reports for restaurant groups. Our experience with Occupier has been invaluable.”

• Lease Portfolio Visibility: In Occupier, every rent increase, lease start and end date, and renewal automatically surface for the Paperchase team to action.
  
• Experienced Industry Experts: Paperchase’s skilled restaurant accountants manage financial operations and safeguard their client’s investments from risk and fraud. 
  
• Audit Ready & Compliant: Occupier makes the complicated annual audit process easier for Paperchase’s accountants to process on behalf of their clients, ensuring up-to-date records and meeting audit scrutiny standards.
  
• Lease Accounting Efficiency: Automation reduces manual workload, meaning that Paperchase accountants spend less time updating tedious journal entries, and more time providing strategic analysis to their clients.
  
• Lease Accounting Analytics: Occupier’s advanced reporting enhances visibility and facilitates informed real estate decision-making. 
  
• Time Savings: Administrative burden is reduced, saving valuable hours each month.
  
• White Glove Support: Paperchase and Occupier offer best-in-class support and technical accounting support.
  
• R365 Integration: Paperchase works with all technologies, but is particularly expert in utilizing Restaurant365. They create custom reporting integrations between Occupier and Restaurant365 Software to streamline lease accounting.

Easy-to-Use Leasing Software

“Paperchase is a technology-agnostic accounting service provider, so we have used virtually every tech stack available. Occupier by far is the most intuitive, easiest to use, and automated lease management software platform that we have deployed,” says Scannell.

As Paperchase became a leading provider of accounting services for major QSR and fast-service restaurants with huge portfolios, it became clear that the changing legislation of ASC 842 required a system that would provide a holistic view of the entire leasing process Occupier’s end-to-end software provided a clean data flow that optimized the accounting process.

According to Sami, Director of Learning & Development at Paperchase, “Our team members are regularly leveraging Occupier for our restaurant clients’ leasing needs. It’s incredibly easy to use and automates what is normally an extremely time-consuming process.” Occupier’s user-friendly interface simplifies navigation and reduces the learning curve for Paperchase team members so they can spend more time providing hospitality accounting advice to their clients.

Revolutionizing Restaurant Hospitality Lease Management

Occupier and Paperchase are revolutionizing restaurant hospitality leasing processes.  By leveraging Paperchase’s impeccable service, decades of experience, and astute industry knowledge — in combination with the powerful lease accounting software offered by Occupier — the largest hospitality brands in the world are able to streamline the entire leasing and accounting process. Together, we are empowering restaurant owners to easily navigate the complexities of lease management and accounting, to ensure their finances are GAAP compliant and they can make critical decisions about their portfolio. 

Restaurant owners can now focus on what they do best — delivering exceptional dining experiences instead of maintaining complicated spreadsheets or missing out on critical lease negotiations. With automated workflows and real-time insights, the partnership between Occupier and Paperchase revolutionizes lease management & accounting, paving the way for a new era of efficiency and success in the restaurant hospitality industry.