Navigating the Reconciliation Challenge: Daily Process Automation Tips

Third-party delivery service providers (DSPs), while helping transform the restaurant sector by boosting revenue and broadening the customer base, come with distinct financial reconciliation hurdles stemming from inconsistencies among delivery platforms, bank transactions, and point-of-sale systems. This requires restaurants to devise a process to efficiently and effectively reconcile this data daily, often involving resource-intensive reconciliations completed in Excel, where the majority of time is spent extracting and matching the transactions, with much less time spent on researching issues. Due to this, many restaurants are investing in solutions that streamline and automate the financial reconciliation process. Join Forvis Mazars and Trintech for an informative webinar as restaurant leaders recount their transition from manual to automated methods and share their experiences.

Learning Objectives:

• Identify opportunities and advantages/ROI associated with automating the reconciliation process and building a business case.
• Discuss automation strategy and the biggest considerations when implementing the strategy.
• Describe data bottlenecks and challenges, and identify measures that organizations can take to prepare for automating reconciliations.
• Recognize the insights gained from executing an automation strategy and the subsequent steps that can be taken.

Presenters

Cheryl Levesque

Kelsey Davis – Corporate Systems Analyst II – Texas Roadhouse

Stephanie Sisel – VP of Operational Accounting – KBP Brands

If you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at cpecompliance@us.forvismazars.com.

Forvis Mazars, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.