Case Study
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May 14, 2021

Restaurant Group and Accounting Processes

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Executive Management asked Elliott Davis to help answer: “Are our accounting and payroll processes and resources best practice? How can we improve and obtain tangible savings?”

Context

  • Completed divestment of approximately 50+ restaurants and needed to reduce costs
  • Frustrated with current processes and disconnected data sources
  • Wanted to create a technology stack to accommodate user needs, reporting and future changes
  • Needed to integrate new applications

Our Approach

  • Assessment of Accounting and Payroll functions relative to best practice, including organization’s resources and capabilities and current state documentation
  • Analysis of business processes and workflows, including invoice and payment
  • Identification of daily tasks pain points
  • Examination of ERP and related systems and information and data flow
  • Software Evaluation, Selection and Implementation
  • Evaluated select applications and acted as liaison with vendors
  • Identified appropriate third-party applications that integrate with accounting system
  • Assist software developers in design and build to confirm alignment to requirements
  • Tested solution and provided knowledge transfer to users
  • Provided post go-live support

Client Results

  • Identified and successfully implemented new, improved system
  • Secured tangible savings via increased efficiencies and productivity
  • Gained optimal performance of accounting and payroll processes and systems
  • Amended defined roles to better utilize resources and reduce human capital
  • Expedited user adoption with reduction in known painful task areas
  • Optimized technology stack to support future growth and user needs

We Can Help

For more information on this and other topics, contact a member of our team.

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.

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