|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.”