Tablespoon and FinQuery, Formerly LeaseQuery, Announce New Partnership to Efficiently Manage Largest Areas of Spend for Clients
The partnership between industry leaders combines Tablespoon's restaurant-focused finance and accounting expertise and FinQuery's purpose-built technology to offer restaurant group customers a complete fintech package.
Dallas, TX (March 13, 2024) - The leading restaurant industry-focused Sage Intacct partner, Tablespoon, today announced a partnership with FinQuery, a leading software provider with solutions built to efficiently manage companies' largest areas of spend. This alliance will allow Tablespoon's restaurant-focused clients a complete accounting technology package that now includes lease accounting.
FinQuery's unified platform for contract and spend intelligence enables companies to manage, account, optimize, budget and forecast major areas of spend all in one place, using the company's proprietary AI-enabled technology.
Tablespoon and FinQuery will enable restaurant groups to simplify and automate complex lease accounting with Sage Intacct.
With Tablespoon and FinQuery, users can:
- Easily pull rent reports with the correct monthly rent amounts, including any escalations per the lease
- Run and adjust annual reports to show auditors the five-year commitment table
- Eliminate manual spreadsheet updating
- Reduce errors and simplify ASC 842 and IFRS 16 compliance
- Generate payment, lease liability and ROU asset depreciation schedules
- Auto-create lease journal entries and automate complex lease calculations
"Tablespoon's collaboration with FinQuery embodies our commitment to empowering restaurant groups with comprehensive solutions. By partnering with FinQuery, a trusted leader in lease accounting, we ensure our clients benefit from unparalleled expertise and cutting-edge technology. Together, we forge a path towards financial clarity and operational excellence, transforming challenges into sustainable growth and success opportunities," said MJ Mahood, Tablespoon's Sage Intacct Practice Director.
"As we continue to recognize how businesses are turning to industry leaders like Tablespoon to solve problems and enable success, we are proud to partner together and offer clients a suitable solution built specifically for accounting, finance and IT teams," said George Azih, CEO and founder of FinQuery. "This partnership will empower more accounting, financial and IT professionals to move their largest areas of spend out of Excel and into the cloud, improving accuracy, efficiency and critical decision-making opportunities."
About FinQuery
FinQuery, formerly LeaseQuery, empowers 36,000+ professionals to optimize decisions in their top spending areas—leases, software subscriptions and financial contracts—setting FinQuery apart in the market. Its award-winning AI-driven software minimizes risk, boosts efficiency and cuts costs.
Explore FinQuery’s Platform for contract and spend intelligence, including solutions for contract management, specialized accounting ensuring compliance with ASC 842, IFRS 16, GASB 87 and GASB 96, and software management. Learn more at FinQuery.com.
About Tablespoon
At Tablespoon, our mission is to help restaurant groups grow their business faster and more effectively. With decades of restaurant experience, we specialize in implementing modern financial management and outsourced accounting solutions that help you scale and increase profitability.