|
|
Some efforts show up immediately to the bottom line, others prevent unnecessary
expenses from happening, and some create positive long-term benefits. Listed
below are a few examples of how we can help your bottom line:
Immediate Impact
- Securing better rates on company debt
- Reengineering of document workflow to allow for less staffing or the
redirection of staff time to projects that can create further benefits
- Savings of up to 10% of the cost of food and beverage product purchases
for multi-unit or high volume locations by utilizing Restaurant CFO
Partners' order guide program, which compares multiple vendor pricing
and provides a weekly listing of the lowest cost provider of specified
food and beverage products
- Cheaper product and service vendor sourcing by utilizing discounts
with Restaurant CFO approved vendors
- Establishing comparative financial reports incorporating detail budgets
that allow for clear analysis of items with negative variances
Prevention of unnecessary expenses
- Prevention of theft and inefficiencies by establishing strong internal
controls and monitoring their compliance
- Prevention of costly deficiencies discovered during sales and liquor
tax audits, wage and hour audits, EEOC litigation, etc.
Positive long-term benefits
- Structuring company equity to minimize capital dilution
- Selection of software and systems that are intuitive and require less
training time, are more efficient to operate, and have the least amount
of maintenance
- Developing a solid strategic plan that ensures that your company grows
in accordance with the financial and human capital available
- Developing a sophisticated reporting system for both monthly financial
reports and more frequent operating reports that provide succinct, timely,
and useful information
|