Cash Management & Accounting

Our Purpose

We support the Franchise Network by providing professional, timely and accurate support in all we do.  From application or customer payments to transferring of funds and research we strive to provide services to the franchise and its customers in alliance with our core values.  

Our Role

• Cash Receipts Posting 

• Manage the Lending Program 

Cash Receipts Posting 

• Cash receipts are processed for all Franchisee Receivables on every banking business day. 

• All payments received at our bank lockbox, our office, or via ACH are processed the same day they are received and applied to invoices daily. 

• Once applied to invoices, cash receipts are then posted to your franchise account by end of the same business day. 

• We research payment issues, such as amounts that do not match the invoice, or payments received with no invoice or customer number. 

• Positive balance on your franchise account statement will be sent via ACH to your bank account the next business day, unless we are instructed by the franchise owners to hold the funds. 

Lending Program 

• Signal offers a lending program for franchisees in good standing to facilitate their growing business. Borrowed funds are subject to interest charges based on the prime interest rate as published in the Midwest Edition of the Wall Street Journal, plus basis points determined by the franchise debt to accounts receivable under 90 days percentage. 

• Requests can be submitted for operational and payroll needs. 

• The lending team sets a monthly lending budget for each franchise based on 80% of revenue from the previous month.  The budget includes payroll, Franchise Account Statement Charges (less royalties, territory payments and interest charges), and operational expenses.  The lending team can approve up to the 80% target, any request over 80% will require executive team and/or CEO approval.  

• Requests for operations must include a detailed breakdown of the expense amount submitted. 

• To place a loan request, click the Loan Request Form found in iDashboards, located in the “Owner” section of the Franchisee Home Page. 

Tips for Managing Your Cash Flow and Debt 

• Poor cash flow can stunt your business growth and impact your borrowing. Being proactive in managing your cash flow is essential for your business health. 

• Manage your expenses to maintain profitable margins in alignment with your revenue. You can’t outgrow bad habits - so make sure you are managing overhead, payroll and vehicle costs to keep your profit in your business. 

• Limit unnecessary spend until your business can afford it. Keep yourself off payroll, take fewer draws, don’t overextend on office space, and put money back in the business. Reducing and minimizing your debt will increase your returns in the long run. 

• Be mindful of how your billing terms and conditions impact the cash flow of your business. Billing earlier and with shorter terms brings money in faster. 

• COLLECTIONS are your cash flow. Having a good system in place to review and keep your collections current is key to keeping your operations running smoothly. 

Our Team: