The difference between success and failure often relies on thin margins of financial and operational efficiency. Franchises have increasingly sought technological solutions to streamline processes and enhance financial oversight.
This quest for efficiency and scalability has led many to embrace partnerships that blend advanced software with industry expertise. A prime example of this is the collaboration between Analytix Solutions and Restaurant365, a comprehensive, cloud-based platform designed to optimize restaurant accounting processes.
Darshak Mehta leads the restaurant division at Analytix Solutions. He has been instrumental in leveraging Restaurant365 alongside his team’s extensive expertise to transform restaurant franchises’ operational and financial management. With a background that bridges operations in India and the United States, Mehta brings a unique perspective to tackling the challenges faced by restaurant businesses.
“We cater to a diverse spectrum of food businesses from diners and cafes to big brand franchises, providing multiple services beyond just bookkeeping,” Mehta says. “We aim to enhance gross margins, streamline recipes, and optimize daily sales and labor processes through sophisticated systems and processes.”
One of the hurdles Mehta and his team help clients overcome is the fragmented nature of their pre-existing systems. Many restaurants operate with disjointed accounting systems that create duplicate databases and lack a clear audit trail. This fragmentation can lead to significant inefficiencies and gaps in financial oversight.
“There is a lot of automation that we do using outside systems that create duplicate databases,” Mehta says. “When we push it to accounting, we lose track because there’s no proper trail. I like Restaurant365 because it is made for restaurants. Both the operations and finance teams can successfully collaborate and automate work that is done on external accounts. Other accounting systems don’t allow that.”
Integrating Restaurant365 has been particularly transformative for Dunkin franchise owner, Patel Management. “They were using two different systems that were very inefficient,” Mehta says. “Moving them to Restaurant365 was a strategic decision that enabled us to leverage the platform’s comprehensive suite of features, from real estate management to streamlined payment processes.”
The shift allows Patel Management to automate its operations across all locations, supporting its expansion strategy and maintaining lower operational costs. The success story demonstrates the impact of Restaurant365 in enabling franchises to scale effectively.
Restaurant365’s industry-specific design provides a competitive edge. Its integration capabilities cut out manual data entry, freeing up valuable time for restaurant operators. The system can accommodate various restaurant business models, including complex ownership structures and multiple entity management, all within a single platform. “Flexibility and specificity help our clients stay ahead of the curve and adapt to new challenges with ease,” Mehta says.
As the restaurant industry continues to evolve, the partnership between technology providers like Restaurant365 and industry experts like Analytix Solutions exemplifies how embracing modern solutions can drive success. By leveraging technology to streamline operations and financial processes, restaurant franchises can navigate the complexities of the industry and thrive in a competitive market.
For more, schedule a 1:1 custom demo of Restaurant365 today to see how you can automate your accounting processes and streamline store operations.
By Olivia Schuster
