Pizzerias Partners with Savista to Intensify Focus on Growth and Profitability in Highly Competitive Restaurant Industry

WICHITA, Kan.–(BUSINESS WIRE)–July 15, 2005– 

Savista, a leading IT, finance/accounting (FAO) and human resources (HRO) 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, a South Florida-based franchise organization with 21 Papa John stores and 465 employees, as the restaurant company’s business process outsourcing (BPO) 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,” said Jeff Bizzack, CEO 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, Taco Bell, Church’s, Mazzio’s, and other well-known multi-unit restaurant companies. 

Savista has partnered with leading technology providers IBM, 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 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 & Co., and Savista management. Please visit www.savistacorp.com.

Contacts
Miller DeMartine Group
Wendy Shapiro, 203-221-2790
wshapiro@mdgpr.com

Posted July 27, 2005 in Enabling Technology

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