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.
“Elliott Davis" is the brand name under which Elliott Davis, LLC (doing business in North Carolina and D.C. as Elliott Davis, PLLC) and Elliott Davis Advisory, LLC and its subsidiary entities provide professional services. Elliott Davis, LLC and Elliott Davis Advisory, LLC and its subsidiary entities practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Elliott Davis, LLC is a licensed independent CPA firm that provides attest services to its customers. Elliott Davis Advisory, LLC and its subsidiary entities provide tax and business consulting services to their customers. Elliott Davis Advisory, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the Elliott Davis brand are each individual firms that are separate legal and independently owned entities and are not responsible or liable for the services and/or products provided by any other entity providing services and/or products under the Elliott Davis brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Elliott Davis, LLC and Elliott Davis Advisory, LLC.
