SF Foods is a food services and a restaurant company operating stores across various large brands like KFC ,Pizza Hut and Delifrance. It is one of the two key franchisees in India for an American fast food operator of Taco Bell ,KFC ,Pizza Hut and Wingstreet. SF Foods has taken over around 280 outlets in India & Sri lanka. SF today is company having more than 9000 people and turnover of around 700 Crores . Post acquisition, SF is operating and having development rights in 15 states of India  

Key Expectations from MyCFOO 

Identify & study the existing processes of the franchisees, recommend and implement best practices

  • Assist the client in pre-deal closure and obtaining/transfer all the operating licenses to the new company

  • Assistance in getting all statutory Registrations at Pan India Level

  • Collating required data from different ERPs and IT Systems

  • Significant increase in business & financial reporting request from the Investors & promoters

MyCFO Approach 

 Implemented best processes & comprehensive SOP documents and Developed Approval Hierarchies ,Chart of Accounts , vendor master ,location master, etc.  

  • Set up entire Banking & Treasury, Finalized the vendor Invoice processing ,AR processing, Project Accounting & FA management

  • Assisted in implementing various automation & customization in ERP system for Accurate & timely financial & management reporting

  • Built operating Budget for 2016-17 to track actuals vs. budgeted

       

         

How the client benefited

Acquired operating licenses and statutory Registrations at PAN India level —Started Pan India level operation of Initial 100 stores within 2 months of our engagement Implementation of best practices & integrated IT systems Positive EBITA post consolidation of the business Manage the entire volume of Finance function and operation in spite of unavailability of clients finance team Assistance in taking business decision through robotics MIS ,Dash Boards & BI tools