Savista Earns Top Designation for Finance and Accounting Outsourcing Services

Savista Earns Top Designation for Finance and Accounting Outsourcing Services

WICHITA, Kan. — Among Top Ten Percent of All Outsourcing Services Providers Serving the Global Finance/Accounting Sector

FAO Today, the leading publication serving the finance/accounting outsourcing (FAO) sector, has designated Savista, LLC a Tier 1 provider of FAO services. As a top tier firm, Savista is among the top ten percent of all outsourcing services providers serving the global finance/accounting sector. Savista is the leading outsourcing firm focusing on delivering technology solutions to the world’s largest restaurant chains, as well as finance/accounting, human resources, and technology solutions to fast-growing mid-market companies.

“Savista is a top tier firm because of the comprehensive services it provides,” said Harry Feinberg, Chairman and CEO of Outsourcing Today, LLC, publisher of FAO Today magazine. “We expect great things coming out of Savista, especially under Jeff Bizzack’s leadership. Savista is already known as a client service leader in the markets it serves, and Jeff’s a true champion of client service excellence, with one of the best client satisfaction and retention track records in the business.”

More than 450 FAO services providers, grouped into three tiers, are listed in FAO Today’s annual Resource Guide. The tiers are based on breadth and depth of services provided. The tiered approached was adopted as a way to provide FAO Today readers with more information about FAO providers.

“With the active support of our owners, Accel-KKR, we continue to build on our core expertise in finance/accounting, human resources and technology solutions to better serve our target markets and maintain our leadership position in these areas,” said Jeff Bizzack, Savista’s Chief Executive Officer. “We are delighted with our Tier 1 status, as it underscores our commitment to offering the FAO services that our clients want and need to stay at the top of their game.”

Savista is majority owned by Accel-KKR, a private investment firm founded by venture capital firm Accel Partners and private equity investment firm Kohlberg Kravis Roberts & Co. The firm provides FAO services in the following areas: Accounts Payable Processing, Accounts Receivable Management, Credit & Collections, Recovery, Audit, Financial Reporting & Risk Management, General Accounting, Financial Management, Indirect Procurement, Claims Processing, Payroll Processing & Expense Management, Tax Management, Treasury & Investment Management, and Enterprise Level FAO.

“Achieving Tier 1 status is a direct result of the hard work and dedication of the Savista team,” said Doug Harrison, Chief Operating Officer at Savista. “The professionals at Savista are world class in their delivery of finance and accounting services, and take great pride in their ability to work side-by-side with clients to help them achieve their business goals.”

About FAO Today

FAO Today, launched in 2004 by Outsourcing Today, LLC, is a bi-monthly publication that focuses on the Finance and Accounting Outsourcing (FAO) market also known as F&A Business Process Outsourcing (F&A BPO) market, which worldwide is forecasted to reach $114 billion by 2008 according to Yankee Group. It is written for and about the growing community of FAO buyers, including CFOs, controllers, treasurers, VPs and directors of finance and audit, COOs and CAOs. Today, enterprises are beginning to outsource the management and execution of F&A processes to external service providers. FAO Today fills the information gap between finance buyers and providers of F&A BPO. The publication is circulated to 30,000 readers in North America and Europe. FAO Today is the official publication of the FAO Executive Summit at the HRO World Conference and Exposition.

About Savista

Savista is the leading outsourcing firm that focuses on delivering technology solutions for the world’s largest restaurant chains, as well as finance/accounting, human resources, and technology solutions for fast-growing mid-market companies. The firm delivers these solutions to 40 leading restaurant brands in over 50 countries and 6,000 locations. Major clients include McDonald’s, Pizza Hut, Applebee’s, Domino’s, Ruby’s Diners, Hardee’s, Houlihan’s, KFC, Taco Bell, Church’s, Mazzio’s, and other well-known multi-unit restaurant companies.

Savista is recognized in the hospitality and restaurant industry for its high levels of service excellence and client satisfaction. FAO Today, the leading publication serving the finance/accounting sector, selected Savista as a Tier 1 provider in its annual Resource Guide. As a Tier One firm, Savista is among the top ten percent of all outsourcing services providers serving the finance/accounting sector globally.

Savista has locations in Wichita, KS, Rosemont, IL, and Sao Paulo, Brazil. It is owned by Accel-KKR, a private investment firm founded by venture capital firm Accel Partners and private equity investment firm Kohlberg Kravis Roberts & Co., and Savista management. Please visit www.savistacorp.com.

About Accel-KKR

Accel-KKR is a technology focused private investment firm founded by venture capital firm Accel Partners and private equity investment firm Kohlberg Kravis Roberts & Co. Accel-KKR invests primarily in technology companies with between $25 million and $150 million in revenue. Accel-KKR prefers majority ownership positions and investment opportunities in which it can contribute to the creation of long-term shareholder value. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies. Accel-KKR is based in Menlo Park, California.

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