rinehimerbaker implements Sage Intacct with Full Service To Launch a High-End Restaurant
Industry
Hospitality
Solution
Sage Intacct
Location
Jupiter, FL
Key Requirements
- Flexible reporting with revenue and expense tracking between restaurant and club activities.
- Hospitality KIPs with drill-down into underlying detail.
- Automated AP workflow with built-in approvals and easy auditability.
- Provide both build-out/ pre-opening and ongoing accounting services.
Key Challenges
- High volume of invoices requiring granular expense tracking within the GL.
- Month-end close within the first 4 business days of the month.
- High inventory value requiring strict controls.
- Tracking of shared resources between the club and restaurant.
Key Outcomes
- Seamless procure to pay process.
- Management insight into cost of sales and labor details.
- Timely profit and loss by restaurant and club with roll-up.
Customer Profile:
Developers Ira Fenton and Tucker Frederickson imagined a one of a kind dining experience back in 2015. Along with founding partner Michael Jordon, the team made their dream come true and 1000 North was established. The developers are also known for their contribution to The Bear’s Club and The Ritz-Carlton Golf Club & Spa, Jupiter (now Trump National Golf Club, Jupiter).
This elegant restaurant offers a full dining menu, along with gracious service, handcrafted cocktails, and an unrivaled wine list. Guests can savor a selection of modern American regional dishes while enjoying a sweeping view of the Jupiter Inlet and the famous Jupiter Lighthouse.
