How to Modernize Your Brand’s Finance Systems

Mary Jane and Bob Riva bought the Pizza Factory 12 years ago after a long standing history as owning one of its franchises. They brought new ideas to help revitalize an older brand. At first not all of the franchises were on board but 12 years later, there are changes have brought even more success to the company. They as well as others share their stories in revitalizing and modernizing the finances at long-standing companies.

Key Takeaways:

• It is difficult for some to see the value in change. When trying to offer new tools and techniques to operate more efficiently you will often meet resistance.
• The advancement of technology is useless unless implemented. We have access to the most up to date technology but unless we embrace it, teach it and integrate it will not serve its purpose
• The business cannot benefit from departments operating on its own. Sharing information and working with other department will eliminate duplication of efforts and reduce cost

“For any established brand like Pizza Factory, change can indeed be difficult. But evolving key business areas such as operations, marketing, branding, and, in particular, finance can drive bottom-line results.”

Read more: https://www.qsrmagazine.com/finance/how-modernize-your-brands-finance-systems