Stephen Zimmerman Email and Phone Number
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Global Franchise Audit Services, Inc. is a global provider of Franchise/Royalty Audit, International Business Compliance (Financial, Legal, HR, and Ops) and Internal Audit. Founded in 2008, We are a leader in franchise reviews with over 5,000 completed for Leading Companies in the Franchise Community.We work with a broad range of franchise brands; leaders in their respective industries including restaurants, hotels, healthcare, and fitness. Our portfolio of current and past clients includes Anytime Fitness, Arby’s, Popeyes, Church’s Chicken, Hooters of America, Interim Healthcare, Intercontinental Hotels and Batteries Plus. We have conducted Audits across the globe, including APAC, EMEA, AMER, and LATAM. Our team has a strong foundation with a combined 40 years of experience and 5000+ audits completed. We have supported Finance, Franchise Administration & Operations, and Legal. We can support existing audit departments or create a new process including developing an audit program, creating an annual audit plan, performing the reviews (remote or in field), and post audit support and collections.We provide focused and streamlined services which enable Franchisors to quickly validate Franchisee performance and reporting. Our process ensures internal controls are in place to identify issues which impact profitability and define a path to resolution. We have identified improvements to sales reporting, vendor support, and developed analyses to allow for better comparison of unit level performance. Our International Business Compliance Reviews provide an independent view of the accuracy of financials, forecasting, legal requirements, operations, contract compliance and the overall health of the business.Franchisors find themselves freed from the position of compliance “watchdog” so they can focus on strategic priorities such as driving brand initiatives, developing competitive differentiators, and implementing expansion strategies. Having an independent third party managing the audit function and having the difficult audit discussions creates a buffer between the Franchisor and Franchisee that can only enhance the relationship.Stephen ZimmermanPresident, Global Franchise Audit Services, Inc.szimmerman@anpc.info954-673-4874
Global Franchise Audit Services, Inc.
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President - International Financial, Legal, And Operations Franchise ComplianceGlobal Franchise Audit Services, Inc.New York, Ny, Us
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President - International Financial, Legal, & Operations ComplianceGlobal Franchise Audit Services, Inc. Mar 2009 - PresentNew York, New York, United States• Developed Audit and Forecasting programs with Brands such as Hooters of America, Popeyes, Church’s Chicken, Arby’s, Lenny’s Subs and Anytime Fitness. Identified an average of $10K per Franchisee location in under-reported royalties for mature QSR Franchise brand.• Developed Franchise Profitability Programs involving Financial Statement, Balance Sheet and NWC review. Identified an average of 22% increase in bottom line Net Income per location.• Analyzed internal inventory usage at a large restaurant chain to identify inconsistencies in data. Developed a new model to track and correct inventory cost issues saving $1.6M annually.• Analyzed International Operations and vendor compliance for a 3000-unit chain. Identified data anomalies with vendors which found unreported revenue adding $1M annually.• Developed POS requirements for 1000+ unit Restaurant Chain, including reporting and functionality requirements.• Designed and implemented inventory control and cycle count procedures for a mature Aerospace Distribution company covering 1M+ parts and 6000+ individual SKU's.• Worked with Franchise Locations to develop Revenue Models and produced long term performance strategies.• Created YoY Analysis of same store sales, providing direction of underperforming locations within markets. Created Quarterly Top 50 locations with opportunities for material sales and net income improvements.• Conducted financial reviews throughout the US and Internationally, including Asia, South America, Central America, Europe, and Oceania.
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Division Head Of FinanceArrow Electronics Apr 2007 - Jun 2010• Manage and drive financial planning and forecasting for all division activities, including offices in Georgia and Ohio.• Built entire current staff, to effectively manage the financial team needs of the organization, including ad-hoc summaries, weekly reports and month-end close (P&L, B/S), trending and revenue recognition.• Lead the preparation, analysis and Executive Presentation of the monthly forecast, quarterly business review, annual budget and strategic plan.• Managed development and application of consistent revenue recognition rules, and documented accounting position for revenue generating activities across varied business models and product lines. • Direct financial analysis of performance of the division's sales and marketing activities, including management of NWC and ROWC. Effectively distill data from multiple cross-functional stakeholders into accessible team-level and executive review format.• Develop organizational strategies and assist with annual plans, by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in-line with organizational objectives.• Direct results-driven financial planning efforts with focus on actionable plans, budgets and forecasts.• Utilized background in process improvement to integrate new acquisition into the organization. • Accomplish finance strategies by examining existing systems, internal controls and their effectiveness. Develop policies, procedures and controls to effectively safeguard company assets, establish more efficient processes and maximize profitability/NWC.• Design, implement, and administer variable pay plans that motivate participants and reward them for the achievement of personal and/or team performance targets aligned with the strategic goals of the company. -
Manager, Corp Financial Planning & AnalysisArby'S Restaurant Group, Inc. Jan 2005 - Apr 2007• Developed models for the preparation of Annual Operating Plans, Quarterly Forecasts and Long Range Plans. • Established assumptions with operational management and provided templates for input to both field and corporate groups. Identified and managed the integrity of Operational Reports and Financial Statements to ensure adequate controls exist to provide an accurate representation of company performance. • Oversaw $50 Million Capital Expenditure Process, including proposed uses and required returns. Identified appropriate inputs to build financial models to project returns on anticipated multi-year program initiatives, restaurant capital expenditures, IT software and hardware investments, and brand growth plans. Maintained the models and update as economic trends require. • Developed store analytics to proactively identify changes in trends and cost structures. Analyzed KPIs (revenue, margin & food costs, labor, operating costs).• Prepared quantitative and qualitative analyses in the evaluation of potential ARG brand opportunities, including ROI, IRR, menu management, food & labor costs, controllable costs and general brand spending.• Developed new, user-friendly Senior Management business review process including pricing, revenue, cost analysis and financial modeling. • Worked with key partners in the business, including Sales & Marketing, Real Estate, Franchisees and Senior Executives, to identify opportunities to improve business results. -
Finance ManagerWinn Dixie Stores, Inc 2003 - 2005• Oversaw financial controls for a 240 store, $3 billion dollar region, reporting to Region Vice President.• Established financial objectives and implemented cost management procedures to achieve them. Managed financial data collection, consolidation and analysis for all metrics.• Managed and reconciled region month-end close and provided analysis on results and material budget variances. Provided forecasting on a period and annual basis.• Developed ground-up budget, requiring exploratory interviews with Store Managers and a comprehensive audit/trend analysis of prior year financial results. Developed three-year strategic plan for both sales goals and ROI for location investment. Studied economic trends and revenue opportunities; analyzed organization operations; identified opportunities for improvement, cost reduction, and systems enhancement.• Provided proforma financial statements, sales forecasts and financial analysis for potential new locations.• Managed gross profit trends and review each period with merchandisers to ensure targets were achieved and action plans were developed for those which were underperforming.
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Senior Operations AnalystCarnival Corporation 2001 - 2003• Planned, conducted, and completed financial management analysis of complex issues and operations, for the world's largest cruise operator, including Carnival, Cunard, Holland America and Princess Cruise Lines.• Identified business, technological, and financial risks within ongoing programs and opportunities for addressing risks. Tested internal control compliance to mitigate business risk for multiple divisions.• Responsible for the coordination and flow of information and financial analysis for cross-company comparisons in key areas. Consolidated the collection, storage and access of raw data, reports, and analysis.• Worked with executive management in understanding and managing the financial aspects of their operations and interface with the Financial Planning and Analysis group. -
Interim Finance & Operation ManagerConsulting Sep 2000 - Apr 2002• Developed Franchise Audit Program for established Healthcare Franchise Organization which resulted in an increase in reported royalties of 9% and $250K in historical royalties due.• Developed and tested business risk analyses related to multiple regions to identify controls and weaknesses. Provided recommendations to minimize risk and exposure.• Responsible for developing, implementing and reviewing accounting policies, the coordination of systems and procedures, and the preparation of operating data and special reports.• Identified $2.5 million in contract revenue recovery opportunities through development of new policies and procedures in Compliance and Accounts Receivable.• Analyzed sales data and developed financial/operational systems and controls, including preliminary gross margin analysis of proposed product lines.
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Manager, Internal ControlsThe Dixie Group Oct 1998 - Aug 2000• Reported directly to the CFO and presented quarterly audit findings to the Audit Committee. • Responsible for analyzing and improving operations, designing and implementing inventory controls and planning expansions for a large, multinational floor covering conglomerate, consisting of Candlewick Yarns, Masland, Bretlin, Globaltex, Carriage and Fabrica Carpet companies.• Established systems and procedures, which examine the efficiency and effectiveness of warehouses, factories, distribution centers and corporate shared services. • Consulted subsidiaries to provide strategic planning and systems for improvements in controls, service levels and overall profitability. • Analyzed strategic options for European expansion of Masland and collaborated with Ernst & Young in EU Headquarter country selection. Instrumental in set-up of Netherlands operations. Traveled to Amsterdam quarterly for operational and control reviews. • Performed gross margin analysis of product lines, to validate profitability and established system for component/labor cost controls and specification compliance.
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Senior Internal AuditorAfc Enterprise, Inc Mar 1996 - Aug 1998• Responsible for planning, performing and supervising domestic and international operational, financial and compliance audits for the corporate, company and franchise divisions of a leading multinational food service franchise company, consisting of Popeyes, Churches, Chesapeake Bagel Bakery and Seattle’s Best Coffee.• Increased revenues over prior year by $1 million and achieved a 10% increase in franchisee compliance.
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Internal AuditorIntercontinental Hotel Group May 1994 - Mar 1996•Responsible for planning and performing domestic and international operational, financial and compliance audits. Consulted with franchisees and corporate operators to develop systems improvements and controls, resulting in recovered revenues of $2 million annually and a 15% increase in franchisee compliance.
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Internal AuditorLanier Worldwide May 1993 - May 1994•Performed Domestic and International Operational and Financial Audits.
Stephen Zimmerman Skills
Stephen Zimmerman Education Details
Frequently Asked Questions about Stephen Zimmerman
What company does Stephen Zimmerman work for?
Stephen Zimmerman works for Global Franchise Audit Services, Inc.
What is Stephen Zimmerman's role at the current company?
Stephen Zimmerman's current role is President - International Financial, Legal, and Operations Franchise Compliance.
What is Stephen Zimmerman's email address?
Stephen Zimmerman's email address is st****@****hoo.com
What schools did Stephen Zimmerman attend?
Stephen Zimmerman attended Clemson University, Mercersburg Academy, Mercersburg Academy.
What skills is Stephen Zimmerman known for?
Stephen Zimmerman has skills like Financial Analysis, Forecasting, Finance, Budgets, Strategic Planning, Process Improvement, Accounting, Analysis, Financial Modeling, Strategy, Internal Controls, Internal Audit.
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Stephen Zimmerman
St Louis, Mo2cisco.com, globus.org
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