Practus’ enabled the restaurant to streamline finance procedures and automate regular accounting, which reduced the sales data entry time from 10 days to 1 day in a month.

Client NameIndustryOwnershipManagementNo. of EmployeesROI On FeeSizeProject Duration
PFCF&BPE-BackedProfessionals ~2505.4x$30 million24 Months

About The Company

  PFC is the oldest single location sit-down restaurant in India. PFC owns and manages six outlets, all in Hyderabad/Secunderabad. PFC has over 1,300 people on its rolls and a turnover of approx. $13 million. PFC has opened 4-5 new stores in Hyderabad and a couple of stores in Bangalore. Private Equity has recently acquired a significant minority stake in PFC.​

Practus’ Role

  • Handling the finance function at the time, when PFC was transitioning from a family-run business to a professionally run business​.
  • Defining the key elements of operational metrics so that business performance may be tracked in real time​.
  • Create MIS, cash flow, budgeting, internal control processes, capex management, compliance, and profitability analysis for the organization and play a critical role in ERP implementation​.

Impact Delivered

  • Streamlined financial operations and automated regular accounting lowered the time it took to enter sales data from 10 days to 1 day every month.​
  • Smooth monthly closes on the 5th of each month, and yearly financial statements.​
  • By establishing and executing rules and SOPs, Practus increased internal controls and improved business processes.​
  • Employee payments, cash management, and payroll processing have all improved.​
  • Regular and periodic reports gave insight into the company’s performance and aided decision-making.​
  • Practus has trained PFC’s F&A personnel in order for them to be prepared for the company’s expansion and growth objectives.​