Toptal helps restaurant chain restore financial stability by securing $1M grant.
A restaurant chain’s financial operations faltered due to a failed ledger transition and mismanagement. Toptal’s fractional CFO services restored order and improved practices.
Client
A U.S.-based hospitality company operating a classic comfort-food dining brand in the Texas market.
Employees
Revenue
Industry
HospitalityDelivered Services
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Schedule a CallChallenge
Mismanagement and insufficient staffing led to significant errors and a breakdown in financial reporting, severely impacting operational efficiency and decision-making.
Solution
General Ledger Overhaul
Toptal’s finance expert reviewed 1.5 years’ worth of accounting entries, corrected errors, and ensured a smooth transition to a new general ledger system, restoring accurate financial reporting.
Process and Staff Optimization
Toptal revamped accounting functions, trained staff to utilize advanced business process tools, and streamlined operations, significantly reducing error rates and improving productivity.
Outcome
$60K Recovered and Secured $1M Grant
Toptal’s interventions recovered $60,000 in unaccounted cash and secured a $1 million grant, preserving critical financial resources.
Enhanced Decision-making
The new accounting processes provided actionable insights, enabling strategic decisions that supported the successful expansion of the restaurant chain’s locations in spring 2024.
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