Pizzerias Partners with Savista to Intensify Focus on Growth and Profitability in Highly Competitive Restaurant Industry.WICHITA, Kan. -- Underscores Accelerating Trend Among Multi-Unit Restaurant Companies to Use Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in to Access Best-in-Class Finance & Accounting and HR Resources to Grow their Business Savista, a leading IT, finance/accounting (FAO FAO, n See Food and Agriculture Organization. ) and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. (HRO HRO Housing Referral Office HRO Rostock (Germany, auto license plate) HRO Human Resources Outsourcing HRO Hogeschool Rotterdam (The Netherlands) HRO Human Resources Office HRO Ham Radio Outlet ) outsourcing firm serving fast growing mid-market companies, including the world's largest restaurant chains, announced today that it has been selected by Pizzerias, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a South Florida-based franchise organization with 21 Papa John stores and 465 employees, as the restaurant company's business process outsourcing (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services provider. Under the BPO agreement, Savista will manage Pizzerias' day-to-day finance & accounting and payroll operations, providing the fast-growing restaurant company with the technology-driven, back office resources and information it needs to continue meeting its high performance goals. "The key to providing business process outsourcing solutions to the restaurant and hospitality industry is making sure that everything we do is geared to helping fast-growing clients such as Pizzerias achieve top- and bottom-line improvements that directly contribute to operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. ," said Jeff Bizzack, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Savista. "By staying focused on these goals, we help clients overcome the key challenge of growing, and not just managing, their business in an environment where margins are continually under pressure." The Pizzerias-Savista agreement is part of a growing trend in the highly competitive restaurant industry to outsource functions such as finance & accounting, HR and employee benefits and administration to BPO specialists such as Savista that have made significant investments in technology, process and specialized staff to run back office operations faster, better and more cost-effectively than companies can do on their own. "We had been outsourcing some of our back office operations to another provider, but felt strongly that in order to continue to grow the business and increase profitability, we needed more insightful financial information about what was happening at the company and store operating levels, delivered quickly," said Ricky Warman, Pizzerias' CEO. "After speaking with other restaurant organizations who have successfully partnered with Savista, we were impressed with Savista's deep understanding of the restaurant industry and its competitive dynamics. Working with Savista will provide us with the critical information we need to make strategic operating decisions about our business, and allow our management team to focus on what really matters most - maintaining superior service to customers while managing growth." About Savista Savista is the leading outsourcing firm that focuses exclusively on delivering technology solutions for the world's largest restaurant chains, as well as finance/accounting, human resources, and technology solutions for fast-growing mid-market companies. The firm delivers these solutions to 40 leading restaurant brands in more than 60 countries and 6,000 locations. Major clients include Wendy's, McDonald's, Pizza Hut, Applebee's, Hardee's, KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge , Taco Bell, Church's, Mazzio's, and other well-known multi-unit restaurant companies. Savista has partnered with leading technology providers IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , SSA Global and others to build fully integrated finance/accounting, human resources/benefits and other back-office management solutions for the mid-market. Savista is also a recognized leader in the global restaurant software marketplace, with more than 25,000 POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals installed in retail locations around the world. Savista is highly regarded in the hospitality and restaurant industries for its high levels of service excellence and client satisfaction. FAO Today, a leading publication serving the finance/accounting outsourcing sector, selected the firm as a Tier 1 provider in its annual Resource Guide. As a Tier One firm, Savista is among the top ten percent of all outsourcing services providers serving the finance/accounting sector globally. Savista's CEO, Jeff Bizzack, is also recognized as a thought leader and client service champion in HR and finance/accounting outsourcing, and has been named an industry superstar by a leading trade magazine. Savista has locations in Wichita, KS, Rosemont, IL, and Sao Paulo, Brazil. It is owned by Accel-KKR, a private investment firm founded by venture capital firm Accel Partners and private equity investment firm Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. & Co., and Savista management. Please visit www.savistacorp.com. |
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