Fohboh p card presentation
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The document proposes a restaurant purchasing card called the Restaurant P-Card and Purchasing Rewards Card that would streamline the procurement process for restaurants. The card would allow restaurants to purchase supplies from any accepting vendor and track purchases. Manufacturers and distributors would benefit from increased sales data and insights. The proposal envisions a financial services platform called FOHBOH that would issue the cards, provide an integrated dashboard and payment processing, and generate revenue through subscriptions, partnerships, and commercializing supply chain data.
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Fohboh p card presentation
- 2. Restaurant Financial Services Concept front of house | back of house
- 3. + +
- 4. The Restaurant P-Card + Purchasing Rewards Card Streamlining the procure-to-pay process for restaurants
- 5. Restaurants The FOH-BOH P- card simpli鍖es restaurant supply purchasing Use to purchase all supplies from any accepting vendor Track all purchases; integrates with accounting platforms Leverage dashboard for managing food and beverage inventory & costs Manage cash 鍖ow, extend beyond net 30 when needed Auto factoring options - attached to bank account for payments Enjoy manufacturers special offers and purchase discounts Receive reward points for everything you buy Get cash rewards direct from manufacturers, applied to bill
- 6. Manufacturers Track purchases down to the street address Direct access to operators via FOHBOH Offer discounts, rewards and rebates direct to operators Build one-on-one relationship with operators Analyze B2B purchase and use data for sales and marketing Foster brand loyalty Gain unique insight to consumer habits
- 7. Distributors Cost reductions, such as eliminating invoice creation, handling and mailing; depositing payments and collection activities Electronically deposited funds - faster receipt of payments and improved cash 鍖ow Increase sales - access data to evaluate new product opportunities Get to know your customer better - access global purchasing data
- 8. Brokers Gain access to operators - lead generation for new products Offer discounts, rewards and rebates direct to operators Access B2B Data
- 9. FOHBOH will provide a single electronic invoice to the restaurant at a minimum of once per month re鍖ecting all cardholders and their respective P- Card transaction totals plus a grand total, detailing all categories of purchases accessible via their dynamic dashboard. The restaurant does not carry a balance, instead paying FOHBOH in full (at a minimum of one payment per month) for all cardholders transactions. The restaurant processes the invoice, creating accounting entries and facilitating payment to FOHBOH and FOHBOH pays the vendor. With P-Cards, the restaurant owner assumes liability for payment the cardholder (Owner, Chef, GM,AM, KM) neither owes the FOHBOH (card issuer) nor makes payments. However, cardholders are expected to follow their restaurants policies and procedures related to P-Card use, including reviewing and approving transactions according to a set schedule (at least once per month). Restaurant management can implement a variety of controls for each P-Card; for example, a single-purchase dollar limit, a monthly limit, merchant category code (MCC) restriction, etc. How this works
- 10. Market Opportunity Leverage FOHBOH brand name and access to operators Leverage founders 鍖nance, operations and technology expertise Offer 鍖rst branded P-Card to $700 billion industry that purchases over $400 billion in food, beverage and supplies annually. Integrate 鍖nancial management, inventory management and purchasing management tools as white label partner. Commercialize massively relevant B2B2C data to supply chain. Create massive vertically focused global restaurant + 鍖nancial services 鍖rm Factoring, Loans, Payments, Private Equity, Banking, Investing, Accounting
- 11. Business Model Partner with Financial institution or P-Card processor for white label Connect purchasing card to restaurants bank account Offer subscription access to manufacturers, brokers and distributors Partner with ordering platform Partner with inventory platform T&Cs will allow commercialization of data T&Cs will allow commercialization of the restaurant network Build ad network Leverage FOHBOH Social Network
- 12. FOHBOH.com Restaurants Suppliers The Restaurant Community Restaurants buy from Suppliers Suppliers are paid by P-Card Operators + Non-Operators engage as members of FOHBOH FOHBOH community memberships grows and becomes more valuable
- 13. Revenue Model $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 Year 1 Year 2 Year 3 Year 4 Year 5 Revenue
- 14. Product Opportunities P-Card Management Software Chip & Pin Payments Loans Rewards Analytics Cloud Tech Equity POS Build | Buy | Partner | White Label
- 15. Contact Michael L. Atkinson CEO michael@fohboh.com 650-206-8405 息 2015 all rights reserved fohboh.com @fohboh