Many restaurant companies own and manage multiple brands, entities, and locations across multiple states. This can pose challenges when each location is running its own instance of QuickBooks and financials have to be consolidated at the end of the month using Excel.
Management at the holding company level often waits weeks for the month-end close, and the process is slower when the Controller is slowed down by manual processes and procedures.
CEOs and CFOs lack visibility into each location as well as across the entire business as a result.
The challenge for these organizations is that managers only see the accounting data for the entities they manage, and feeding data into a single system can be complicated and challenging.
A cloud-based, AI intelligent accounting solution provides the real-time data you need to make smart business decisions. Additionally, it provides you with visibility across all your entities and locations allowing you to make strategic decisions rather than constantly looking in the rearview mirror.
The ability to filter your data by franchise, source, and meal type will allow you to stay on top of prime costs so you can maximize profits. You can create custom filters to get granular data into your COGS. These filters will give you insight into how each food and beverage category is behaving compared to budget or a prior period. You can then begin to answer questions such as “Are menu items priced too low? Are our costs too high? Do we need to switch vendors?”
Instead of limiting you with a one-size-fits-all system, Sage Intacct provides an open API so you can choose from best-in-class systems that scale with you today and into the future. You can seamlessly integrate all of your restaurant systems into Sage Intacct for complete automation that can streamline your processes and workflows so that all sales data from each restaurant and entity flows directly into your accounting software, eliminating manual input and reducing errors. You can ditch the spreadsheets and recover the endless hours spent on data entry.
With a shared chart of accounts, your firm can perform consolidations quickly. This allows you to view your financial and statistical information throughout the month.
Accounts payable functionality allows you to create automated processes that save hundreds of hours by eliminating manual workflows. You can also set spending limits to ensure your costs stay within budget.
With Sage Intacct, you have all the real-time financial data and statistical information you need to make quick, smart, data-driven decisions about your restaurants’ performance. You have access to over 150 standard reports in addition to being able to easily create your own custom reports to quickly obtain the insights you need to move your organization forward in the right direction.
With a multi-dimensional general ledger, Sage Intacct enables restaurants to streamline their chart of accounts and get richer, deeper detailed information faster than ever before – all at the push of a button.
Sage Intacct is the smart cloud accounting choice for multi-entity and multiple location restaurants. Why wait? Don’t lose any more time or money. Gain greater insight into your company’s performance and reap the benefits of real-time data to manage your company.
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