What is the FTE Model? A Restaurant CFO’s Guide
Month-end hits. Sales roll in from every unit. Invoices stack up. Tips and taxes line up for review. If you lead finance for a growing restaurant brand, that load never lets up. The question isn’t whether you need more capacity. It’s which model gives you control, quality, and predictability. Enter the FTE (Full-Time Equivalent) […]
From Labor Costs to AI: Restaurant ROI Tactics
Frequently Asked Questions (FAQ) How does restaurant budget accountability support long-term financial health? Restaurant budget accountability helps restaurant owners align their financial goals with day-to-day business operations. By assigning ownership over food costs, labor expenses, and other variable costs, operators can significantly streamline financial management. This accountability not only improves the restaurant’s financial health but […]
Why Most Restaurant Budgets Fail — and How to Fix Them
Your restaurant budget should confidently guide financial decisions, but most restaurant owners fail due to unrealistic forecasts, lack of team input, and poor accountability. Without accurate sales forecasting and collaboration, budgets quickly become outdated, leading to wasted effort and reactive management. A strong budget controls expenses, motivates teams, and shifts management from a reactive to […]
How to Choose the Right Restaurant Technology
Restaurant operators need better systems to compete and scale, but they face an overwhelming array of vendor promises, conflicting advice, and the constant fear of making expensive technology mistakes. With hundreds of solutions competing for attention, how do you choose technology that works? “Buying the wrong technology for your restaurant is the same as hiring a […]
Team-Based CFO Services: A Better Way to Manage Growth
Discover how team-based CFO services provide small and medium businesses with expert financial leadership at less cost than full-time CFOs. Most restaurant operators face a costly dilemma: struggle with complex financial management yourself and limit growth, or hire expensive individual consultants who learn your industry at your expense. In both cases, the core need is […]
The CFO Turnaround Plan: What Restaurants Need Now
As restaurant leaders face persistent margin pressure and operational volatility, financial clarity is no longer optional—it’s essential. Whether you’re overseeing a multi-location operation or navigating a single-unit concept through economic uncertainty, steady financial oversight can be the difference between stability and decline. For CFOs and owners alike, restaurant accounting services are emerging as a key […]
Turn Payments into Profits: How Virtual Cards can Enable Restaurant Success
Managing restaurant finances often feels like navigating outdated processes. Andrew Grunder, Director of Strategic Sales at Corpay and an experienced leader in business payments and expense management, explains that many restaurants still rely on methods like checks or ACH transfers, both of which offer limited value and security. In contrast, virtual card payments provide a […]
5 Ways Our Unified International Approach Transforms Restaurant Financial Services
Managing finances for a growing restaurant is like trying to change tires on a moving truck. You’re juggling transactions, audits, and compliance while trying to make strategic decisions. It’s exhausting. What if your finances could transform from a burden into a strategic advantage? Our unified international approach at Global Shared Services (GSS) makes this possible. We’ve […]
How CFO Services Can Streamline Your Restaurant’s Financial Operations
Running a restaurant is more than providing great food and service—it’s also about keeping your financial house in order. However, for many restaurant operators, financial management becomes a burden. Disorganized books, late payroll, and scattered spreadsheets can stall your growth and drain your time. That’s where CFO services come in. CFO services offer more than outsourced accounting—they […]
Virtual Payment Cards: Transforming Transactions in the Hospitality Industry
Featuring Nick Stauff https://www.youtube.com/watch?v=rZT_ad3GBfQ Episode summary In this episode of The Financial Advantage with GSS, host Nick Stauff explores how virtual payment cards can revolutionize accounts payable processes for restaurants and hospitality businesses. Guest Andrew Grunder from Corpay explains how this technology provides businesses with “free money” through rebates while improving security and streamlining payment […]