Restaurant Group and Accounting Processes

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elliott davis

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.