Passionate restaurateurs committed to delivering innovative food and exceptional dining experiences, Flagship Restaurant Group started up their operation in Omaha, Nebraska, in 2002. Since then, they have opened several restaurant concepts, including Blue Sushi Sake Grill, Roja’s Mexican Grill, Blatt Beer and Table, Plank, and Flagship Commons. Flagship utilizes Restaurant365 to manage their inventory and accounting as well as control food costs.
Before implementing Restaurant365, Flagship was managing their inventory using spreadsheets. The process was tedious, and the results were not timely. Their cost of goods would vary from period to period, and they had no way to know if that was okay. Flagship realized that without a better system, their actual inventory cost and usage might not be accurate, and they would not be able to compare theoretical inventory cost or usage to actual in order to isolate variances.
Flagship was using QuickBooks prior to Restaurant365 to manage their accounting. They had no integration with their POS system and were therefore making manual entries. They also had no integration between restaurant invoices and accounts payable, so they had to update both inventory and accounts payable separately.
Flagship purchased Restaurant365 in the summer of 2011 and rolled out all ten locations. They benefited immediately from POS polling and daily sales reporting. Managers also saved time due to the inventory ordering, receiving, and counting functions. “Restaurant365 allows us to order products from Sysco online, and then the inventory cost changes are automatically updated in real time so managers can see the effects of price changes immediately,” says Tony Gentile, Executive Chef for Flagship.
Restaurant365 has made our accounting department more efficient and allowed us more time for other projects.
Flagship Restaurant Group
Flagship saved administrative hours by having an integrated inventory and accounting system—all operational and accounting information is in one common database. They have also converted their accounts payable into a paperless process by scanning invoices and checks at the restaurants. “Restaurant365 has made our accounting department more efficient, allowed us more time for other projects, and provided us with much more information,” raves Shannon Allen, Accounting Manager for Flagship.
In just two years, Flagship has seen phenomenal results. “Since implementing Restaurant365, we have seen an average of 4-5% reduction in cost of goods sold per store. We have saved nearly $600,000 because of Restaurant365!” raves Tony Gentile, Executive Chef for Flagship.
Since implementing Restaurant365, we have seen an average of 4-5% reduction in cost of goods sold per store. We have saved nearly $600,000 because of Restaurant365!
Flagship is growing rapidly, and they are on track to add three stores per year for the next ten years.
“Restaurant365 gives us the power and the platform to be able to grow. The money we save with Restaurant365 goes right into the opening of each new location,” says Gentile.
4-5% reduction
in COGS per store
$600,000 saved
since implementing
3 new retaurant openings
per year funded by savings
Discover how you can start achieving savings like these for your business
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Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
