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.
