A Leading Global Restaurant Franchisee and Investor with Complex Reporting
Chalak Mitra Group LLC (CMG), founded in 1998 and based in Dallas, Texas, acts as a franchisee for multiple restaurants, and also undertakes various hotel and real estate projects.
FINANCIAL REPORTING WAS NOT THE DAILY SPECIAL
Chalak Mitra Group has diverse holdings in several lines of business, but financials for each line were being reported and processed separately, making consolidated reporting and income statements very difficult and time consuming. Additionally, financial reports were generated via a tedious, manual process.
CMG needed to simplify its financial systems to improve efficiency, and called on us to build a consolidated financial system to increase efficiency and make real-time, company-wide reporting a seamless process. With more than 400 legal entities, transitioning to one consolidated system posed a challenge.