McGladrey Contract Business Services to Provide Retail Accounting Services to National Grocery Distributors Customers

McGladrey Contract Business Services has completed the transition of approximately 500 retail accounting customers of a national grocery distributor to its accounting, payroll, bill paying and income tax services.

(Pleasant Prairie, WI -- January 30, 2003) -- McGladrey Contract Business Services has completed the transition of approximately 500 retail accounting customers of a national grocery distributor to its accounting, payroll, bill paying and income tax services.

A national grocery distributor made the announcement in July 2002 that it was getting out of the retail accounting business effective October 31, 2002, and encouraged their current customers to transfer to McGladrey Contract Business Services (MCBS). MCBS hired most of the existing staff to serve their new clients. Customers transitioned to MCBS in November 2002.

Companies are wanting to refocus on their core services, accounting is ours. The transition was a logical choice. By outsourcing their retail accounting, the distributor is able to concentrate on other parts of their business and offer their customers improved service and technology." said Mark Schreiner, Managing Director at MCBS.

Im very satisfied." Said Jake Sanders, a customer out of Northeast, Pennsylvania. Helen [our accountant] and her staff are wonderful to deal with."

MCBS is implementing new accounting and payroll software systems. The new payroll package allows companies to enter, approve, and update payroll information via the web as well as view their reports on-line.

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Independent retailers are trying to adapt quickly to the new competitive environment, and this initiative gives them access to world-class accounting and benchmarking resources." Remarked Bill Bishop, president of Willard Bishop Consulting, LTD.

Benchmarking is another area that owners appear excited about and that MCBS plans to roll out in the first quarter of 2003. The ability to see not only your financial information but to be able to compare it to similar stores is just another tool MCBS wants to offer its customers to help them better manage their operations.

McGladrey Contract Business Services is the retail accounting service division of McGladrey & Pullen, LLP (M&P). M&P focuses on small to mid-size family or closely held businesses. M&P provides accounting, bill paying, payroll and income tax services to over 2,500 grocery and convenience stores.