Practices

  • Debt Finance Transactional
  • Asset Finance & Securitization
  • Capital Markets Corporate Governance Mergers & Acquisitions Private Equity Restructuring

Admissions & Qualifications

  • 2008, Maryland Bar
  • 2009, District of Columbia Bar

Languages

  • English
  • Chinese (Mandarin)

Education

  • University of Maryland School of Law, JD, 2008
  • Georgetown University School of Foreign Service, BS, 2004

Eric Maurice Fung, Esq.

Partner | Attorney

efung@bandicoot.us

Minneapolis, MN | Taipei, Taiwan

Eric Fung is a founding partner of Bandicoot, and serves as the managing partner for our Taipei office. Eric started his career in law, practicing corporate finance, mergers/acquisitions, and energy law at Constellation Energy Group, DLA Piper US LLP, and Dickstein Shapiro LLP. In 2011, he became an entrepreneur completing a leveraged buyout of a 37,000 square foot supermarket and in-store restaurant in Minneapolis called United Noodles Marketplace.

During his tenure, he successfully accelerated his businesses to sustained growth. His financial acumen and skill in developing high-performing teams resulted in a 350% growth in sales from 2011 to 2020. He also opened other successful business units and locations, including a Woodbury location and a wholesale division. In 2015, he was named one of Minnesota’s “40 Under 40” for his leadership at United Noodles.

In order to solidify the financial health of his companies, Mr. Fung also developed sophisticated bookkeeping, accounts payable, and other workflow systems that eventually led to his becoming a partner of the Minnesota accounting firm AccountPro LLC. In 2019, it merged with and was rebranded as bandicoot LLC, and has over 80 clients.

Eric has a passion for talent development, and driving diversity in both teams and thought. He is an innovative, entrepreneurially-minded leader, who leads with a long-term view on vision and strategy.

In his spare time, Eric loves cooking, working out, and playing Smash Bros. with his nine year-old son. His most firmly held belief is that every dog is The Best Dog.




挑戰

我們的客戶United Noodles是明尼蘇達州及邊境各州最大的亞洲雜貨店,長期面臨、負擔每月繁瑣的應付帳款(AP)流程。該市場自供應商Spartan Nash那裡購買了大部分產品,每筆電子(ACH)交易大約有30張發票。

每張發票的每個帳戶都有多種類別(如乳製品、一般雜貨、行政等)。使得我們客戶的控制員每週花費大量時間,需要重新命名所有發票並適當分類。


Need to clean up your Quickbooks file,affordably?


乍一看,Bandicoot團隊便知道可以簡化客戶的AP流程,並 歸還關鍵時間 給他們的業務。通過簡單的自動化和 有組織的方法 ,我們的目標是將每週項目的工作量 reducing the workload for this weekly project 減少70%以上。


At first look, the Bandicoot team knew that we could streamline our client’s AP process and give crucial time back to their business.

With simple automations and an organized method,we set out with ha goal of reducing the workload for this weekly project by more than 70%.


工作流程

藉由觀察客戶報表,我們意識到需要將Spartan Nash提供的報表,轉換成可被Quickbooks Online("QBO")上傳和讀取的格式。

這項工作一旦完成,我們就不再需要人工將數據轉移到QBO的適當部分。

我們接著認知到,每張帳單的編號必須是唯一的,這樣才能在QBO中加以區分。Bandicoot團隊創造了一個簡單的解決方案來實現這一目標:在任何具有類似發票號碼的發票末尾添加一個 "A"、"B"、"C "等,從而創造出不重複的獨特帳單號碼。

Bandicoot也將SpartanNash帳單中的帳戶,轉換為我們客戶使用的帳戶。最後,我們在備忘錄中加入了發票總和,相當於電子交易的金額,以方便處理。







綜上所述

由於我們簡單而有創意的解決方案,聯合麵業的主管將她需要花在AP上的時間,從每週數小時減少到約15分鐘。這為我們客戶的記帳過程釋放了無數的時間,使他們能夠專注於他們的業務。 Bandicoot的會計師和記帳專家團隊可以為您做同樣的事情。為您的獨特需求量身定做,是我們所熱愛的創造過程。