Redwood City, CA (PRWEB) April 3, 2007
Instill® Corporation, the leading provider of on-demand supply chain solutions and services for the foodservice industry, today announced that El Pollo Loco, Inc. chose Instill Food Spend ManagementSM to augment its ability to audit contract price and purchasing compliance.
"We are committed to implementing best in class business processes to support our rapid growth," said Steve Lash, Director of Supply Chain Management at El Pollo Loco. "Instill's Food Spend Management solution will enable us to audit 100% of our spend, helping to ensure that our franchisees benefit from the full value of our negotiated contracts."
With the introduction of Sarbanes-Oxley and a heightened focus on corporate governance, both public and private companies are looking for cost-effective means of improving their controls around purchasing processes. Many leading foodservice operators have chosen to work with Instill on this front instead of trying to develop systems in house in order to move rapidly while conserving valuable IT resources.
"We are impressed with Instill's technology and foodservice industry expertise, as well as the company's track record in creating value for leading foodservice companies," stated Tom Giannetti, Vice President of Information Technology at El Pollo Loco. "The ability to leverage proven technology that can be rapidly deployed in a service-based model also made Instill an easy choice."
Instill Food Spend Management is a web-based, hosted solution that allows foodservice operators to ensure they are capturing the full value of their contracts by easily monitoring and enforcing unit compliance with order guides while identifying contract price variances, purchases eligible for rebates, SKU rationalization opportunities and other cost savings. Instill Food Spend Management automates the collection and standardization of unit-level invoice data from distributors, eliminating time consuming and error prone processes. The information is then presented in an intuitive application that allows foodservice professionals to "manage by exception," leveraging dashboard and alert capabilities that highlight exceptions and opportunities for additional cost savings. In addition, operators are using the solution's contract price verification and auditing capabilities to ensure they have the internal controls in place to comply with their Sarbanes-Oxley initiatives.
"In the highly competitive foodservice industry, leading restaurant operators have realized that purchasing and supply chain processes are key drivers of company growth and profitability," said Jeff Smith, VP of Marketing at Instill. "We are pleased El Pollo Loco has chosen to work with us, and we look forward to helping them improve internal controls."
Instill's Food Spend Management solution is part of a comprehensive, integrated suite of proven solutions for foodservice companies that includes Procurement, Promotion Management, Quality & Compliance Management, Product Information Management, Trade Spend Management, and Business Intelligence.
About El Pollo Loco, Inc.
El Pollo Loco, pronounced "L Po-yo Lo-co" and Spanish for "The Crazy Chicken," is the nation's leading quick-service restaurant chain specializing in flame-grilled chicken. The company currently operates 361 restaurants (a combination of company and franchise-owned locations) in seven states: California, Arizona, Nevada, Texas, Colorado, Illinois and Connecticut. For more information, visit the company's website at http://www.elpolloloco.com
About Instill Corporation
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For more than a decade, Instill has been helping customers build enterprise value by applying innovative technology and industry expertise to address the unique challenges facing foodservice companies. Instill is the only technology company focused exclusively on the foodservice industry, providing a proven, comprehensive set of solutions for leading companies such as Hardee's, International Dairy Queen/USCI, IPC/SUBWAY®, Nathan's Famous, YUM! Brands' UFPC and UPGC, Centerplate, General Mills and ConAgra. Instill is headquartered in Redwood City, California, and can be reached at 1-888-Instill or at http://www.instill.com
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