Reconcile Cross-Currency Transactions in 10 Days, Cut Manual Work by 70% — Helping F&B Owners Take Back Control of Profits and Cash Flow

Time Is Profit 💰

In Singapore, the competition faced by F&B SMEs is far fiercer than most people imagine. Rising rents, fluctuating ingredient prices, high commissions from delivery platforms, and constantly changing consumer tastes… these challenges are already enough to keep business owners up at night.

But among the hundreds of F&B SMEs we’ve worked with, the most overlooked — yet most fatal — issue is delayed and inefficient financial management.

This isn’t just about being “a few days late” with the books — it means your cash flow, profits, and cost control are all losing competitive edge due to outdated information.

87% of ccMonet’s F&B SME clients complete cross-currency reconciliation within 10 days of onboarding, reduce manual intervention by 70%, and — with our AI + human financial experts double-checking every detail — achieve 100% data accuracy and compliance.

The “Invisible Killer” in F&B Finance

As a business owner, you might be familiar with these scenarios:

• Manual reconciliation eats up massive time
  ‍ Every month, you or your finance staff must manually export, organise, and check data from POS systems, delivery platforms (GrabFood, Deliveroo, Foodpanda), and supplier invoices. A single small mistake can take hours to trace back and fix.
• Invoices in every shape and size, no clear categorisation
  ‍ Ingredients, equipment, advertising fees, platform charges, labour costs… invoices come in like waves, and sorting them can feel even more exhausting than running the kitchen all day.
• Month-end closing always delayed, cash flow never clear
  ‍ By the time you close the books in mid-month, you’re only just finding out last month’s profit — too late to adjust suppliers or menu to capture opportunities.
• Cross-currency transactions are a headache
  ‍ Some suppliers bill in MYR, imported ingredients are in USD — conversions are tedious and prone to errors.

The consequences are immediate:

1. Slow decisions, poor agility
2. Delayed cost control
3. Growing financial pressure

Client Story: From Chaos to Control in 14 Days

One of our clients, a Japanese restaurant along Singapore’s East Coast, has been run by owner Ken for seven years with an excellent reputation. But at every month-end, Ken faced what he called a “financial marathon”:

“It used to take my finance team three weeks to finish reconciliation, and we often found missing supplier invoices. Cross-currency transactions were a nightmare — I was always worried about making mistakes during conversion.”

Before ccMonet:

• Monthly reconciliation cycle: 20–25 days
• Manual data entry error rate: 5–7%
• Cross-currency conversions done manually
• No real-time cash flow visibility

After ccMonet (within 14 days):

• Monthly reconciliation cycle: 7–10 days
• Manual intervention reduced by 70%
• Automatic detection and matching of cross-currency invoices
• Real-time profit and cash flow tracking via mobile

Ken summed it up:

“I used to spend my time putting out fires. Now, I spend my time making decisions. For the first time, my financial numbers are keeping pace with my business.”

Focus on Your Business, We’ll Handle the Rest

The Real Needs of Singapore’s F&B SMEs

• Chain Restaurant Groups: Multiple outlets, multi-currency transactions, centralised financial management
• Boutique Cafés: High-frequency, small-value transactions that require real-time profitability tracking
• Delivery-First Restaurants: Integrating data from multiple platforms to avoid double-booking
• Cross-Border F&B Brands: Imported ingredients, overseas suppliers, heavy cross-currency reconciliation workload

We believe restaurant owners’ time should be spent on menu innovation, customer experience, and team management.

ccMonet is not just cold software — it’s the clarity, control, and compliance confidence that comes from a dual engine of AI + financial experts, giving you real-time, accurate financial insights.

• AI-Powered Bookkeeping: POS, delivery platforms, bank statements, supplier invoices — simply snap a photo to sync data, AI recognises automatically
• AI-Powered Reconciliation: SGD, USD, MYR — supports all global currencies
• Real-Time Financial Reports: Instantly see profit, expenses, and cash flow
• Raw Material Price Anomaly Alerts
• Expert Support: Human experts verify accuracy and compliance
• Hi Monet Personal Advisor: Always online to answer your questions

Put your energy into growing your business — leave the rest to us.

FAQ: Common Questions in F&B Financial Management

Q1: Can ccMonet integrate with my POS system?
‍ A1: Yes. Simply snap and sync your POS data — AI will recognise it automatically.

Q2: My business has cross-currency transactions. Can AI handle them?
‍ A2: Yes. The system automatically converts based on the day’s exchange rate and generates local-currency reports.

Q3: Is my data secure?
‍ A3: We are ISO 27001 certified, and all data is encrypted to ensure privacy and security.

Q4: I don’t understand financial jargon. Can I still use it?
‍ A4: Absolutely. The interface is intuitive, and you can customise your own dashboard to monitor cash flow in real time.

Q5: How soon will I see results?
‍ A5: Most F&B SME clients complete their first round of automated reconciliation within 10 days of onboarding, with a significant reduction in manual intervention.

Turn Finance into Your Competitive Edge

In Singapore’s F&B market, speed and accuracy are the keys to competitiveness.

With ccMonet, you don’t have to wait until the end of the month to find out there’s a problem — you can see your latest profit and cash flow every single day.

Focus on your business, and we’ll handle the rest.

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