#USA #Fort Lauderdale #FMS Solutions #AMP Services #Merchants Accounting

FMS Expands Its Managed Accounting Services

In a significant strategic move, FMS Solutions, a leading provider in financial management and SaaS solutions, has announced its acquisition of AMP Services, LLC and Merchants Accounting Services (MAS). This development is designed to bolster the support FMS offers to independent restaurants and retail establishments by providing top-notch managed accounting services along with advanced tools for performance benchmarking and strategic consulting, all integrated into a single software-as-a-service (SaaS) platform.

A Major Milestone for Independent Restaurants

Bob Graybill, the CEO of FMS, highlighted that this acquisition marks a pivotal moment in their commitment to democratizing access to data and technology for independent operators. By merging the strengths of AMP and MAS with FMS's existing infrastructure, the company aims to provide independent businesses with sophisticated tools typically reserved for larger national chains. This integration is expected to enhance the manner in which these independent businesses manage their financial operations, therefore making them more competitive.

Rick Braa, the CEO of AMP, expressed excitement about the merging of their services with FMS. He remarked that through this partnership, AMP can expand its full-service offerings—ranging from outsourced finance to management accounting support—while staying focused on the independent sector. He believes that with FMS’s resources, they can further simplify the operational complexities faced by independent restaurant owners.

Ashley Campbell, COO of AMP, added insightful comments regarding the proprietary tools developed by AMP. These tools have been instrumental in providing restaurant managers with necessary financial insights. With FMS's advanced resources at their disposal, these insights can now be transformed into actionable performance benchmarks in real-time, thereby facilitating better decision-making processes for restaurant leadership.

Charanjit Dhillon, President of MAS, emphasized the importance of maintaining their high standards for service quality and accountability. He stated that joining FMS not only preserved their foundational values but also expanded their capacity to provide enhanced advisory services and increased transparency of data, which allows clients to focus on delivering exceptional culinary experiences to their clientele.

Advancing the Data-Driven Culture

The partnership between these firms is also a response to a need in the market for cost-effective, relevant solutions for independent operators. Often, existing platforms are tailored towards larger chains, making their benchmarking data less applicable for smaller establishments. FMS's strategy aims to fill this gap, offering actionable and personalized insights without the exorbitant costs usually associated with larger technology solutions. This is a key advantage for independent grocers and restaurateurs who need practical benchmarks without the burden of excessive IT expenses.

The union of AMP's and MAS's methodologies and expertise with FMS's expanding suite of financial solutions means independent operators will now benefit from advanced capabilities such as customized dashboards, peer benchmarking, key performance indicator (KPI) tracking, and personalized growth strategies that speak directly to their needs.

Charlie Rapier, the Chief Revenue Officer at FMS, conveyed a clear objective: to equip independent businesses with the same strategic insights that larger corporations enjoy. This includes providing timely financial reporting and flash reporting that empower owners to take profitable and tactical strategic actions. The integration of AMP and MAS will facilitate the delivery of scalable, data-driven solutions designed to enhance competitiveness in a tough marketplace.

Key Benefits of the Acquisition

• - Scalable Financial Services: Comprehensive accounting and financial solutions tailored specifically for independent restaurants and retailers.
• - Advanced Benchmarking Transparency: Proprietary tools that allow meaningful peer comparisons and real-time insights.
• - Strategic Advisory Services: Full-fledged guidance on growth and operations tailored to the restaurant market, backed by professionals with decades of related experience.
• - Independent-Level Service at Scale: Personalized service underscored by access to advanced technologies and resources.

FMS, AMP, and MAS are dedicated to ensuring a seamless transition for their clients. Customers can expect continued high-quality service alongside exciting enhancements to the platform in the near future. This acquisition reinforces FMS's commitment to supporting the independent retail sector—in a way that prioritizes actionable insights and sustainable growth.

About FMS Solutions

FMS Solutions, renowned for its expertise in the financial realm, offers a comprehensive suite of services aimed at supporting independent retailers. With a legacy dating back to 1974, FMS empowers grocery businesses with real-time insights to turn daily operations into strategic growth and profitability decisions. The organization serves over 6,800 locations across the U.S., Canada, and the Caribbean, helping independent retailers optimize efficiency and profitability in a dynamic market. FMS is based in Fort Lauderdale, Florida, with multiple offices throughout North America and global innovation centers. To learn more, visit www.fmssolutions.com or call 877.435.9400.