Case Study

Revitalizing Cash Flow Management in a Rapidly Growing Restaurant Business

Client Background

Our client, a thriving restaurant business in the hospitality industry, faced significant cash flow challenges. As their growth accelerated, timely financial information became critical. Unfortunately, outdated accounting practices hindered their ability to make informed decisions promptly.

Challenges

Cash Flow Issues: The company’s rapid expansion strained cash flow, affecting day-to-day operations and financial stability.

Lack of Timely Accounting Data: The owner lacked real-time visibility into financial performance due to outdated accounting systems.

Operational Efficiency: Manual processes consumed valuable time and resources.

Solution

Accounting System Upgrade

Assessment

We evaluated the existing accounting system and identified gaps. Outdated software was replaced with a modern, cloud-based solution.

Training

We conducted comprehensive training sessions for the owner and employees. They learned to navigate the new system, generate reports, and access real-time data.

Automation

Manual data entry was minimized through automation, ensuring accurate and timely financial records.

Cost Saving Strategies

Vendor Negotiations

We renegotiated contracts with suppliers, securing better terms and discounts.

Labor Efficiency

Staff scheduling and cross-training improved labor utilization, reducing payroll costs.

General and Administrative Expenses

We evaluated existing overhead expenses to identify redundant or avoidable expenses.

Sales Maximization Strategies

Opening hours

Based on revenues and cost, we determined the more profitable days and hours to receive clients

Results

Improved Cash Flow

Real-time financial data empowered the owner to make informed decisions promptly.

Cost Savings

Streamlined processes and strategic cost-cutting measures positively impacted the bottom line.

Revenue
Growth

Sales maximization strategies led to increased revenue.

Conclusion

By combining technology, financial acumen, and operational insights, our virtual fractional CFO services transformed the restaurant’s financial health. The owner now navigates growth confidently, armed with accurate data and actionable strategies.

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Hear from the businesses and leaders who’ve experienced firsthand the transformative impact of partnering with Advising. Their stories are a testament to the dedication, insight, and results we bring to every project.

Alina, our new Fractional CFO, has significantly boosted our small business with her financial guidance. Her expertise in forecasting and finding cost savings has clarified our financial health and fueled growth. She communicates complex ideas simply, aligning our team with financial goals. Alina’s impact has improved our finances and positioned us for future success.

Carla Sanchez Silva – CEO Proyecto Colectivo

Her ability to simplify complex financial strategies into actionable plans has significantly impacted the businesses she’s worked with, including mine. Alina’s strategic foresight, ethical approach, and leadership have not only driven growth but also fostered resilience and integrity within organizations. Her contributions extend beyond finance, embodying visionary leadership that any company would value highly.

Omar Picart – President & CEO Numera

Advising revolutionized our approach to financial strategy, propelling us onto a trajectory of success far beyond our wildest dreams. Their profound expertise in fractional CFO services has been nothing short of transformative for our business, marking a pivotal shift in our journey towards unprecedented growth and prosperity. The strategic insights have unlocked new opportunities that we had never before considered possible.

Efraín Reverón – CEO Kemosabe