Using AccountsIQ has helped to reduce the time taken to perform core functions within the financial department . A process that took up to 12 days using its previous software , can now be undertaken within eight days , reducing the time taken by a third . But according to Woulfe , this is not the only efficiency that AccountsIQ delivers .

“ The other timesaving benefit is the ease of adding on a new database when we open a location . A new database can be seamlessly added on to the existing consolidated accounts without any of the complications that was associated with our prior software provider ,” explained Woulfe .

Because AccountsIQ is cloud-based , rolling it out to new Camile Thai franchisees is quick and easy and brings significant benefits .

Maurice Woulfe , Head of Finance , Camile Thai

WE DON ’ T NEED TO CONFIGURE ANYTHING ; OUR

FRANCHISEES JUST READ THE HELP FILE AND THEY ’ RE READY TO GO WITH IT .

The solution

To facilitate the expansion of the business , Camile Thai turned to AccountsIQ to be the single finance platform for the entire business . AccountsIQ allows Camile Thai to easily set up in new franchises , while providing visibility at the head office level and an open API to integrate with the rest of its business .

“ We ’ ve been using AccountsIQ as our main accounting software for about five years . AccountsIQ facilitates growth ; we can add new restaurants and still consolidate monthly . It ’ s all really easy ,” said Woulfe .

AccountsIQ ’ s software suits a franchise business model because every franchisee can use the same cloud-based system . “ Each restaurant has its own database ,” explained Woulfe . “ Like other companies might have departments , we have a separate database for each restaurant . But , because AccountsIQ is cloud-based , they ’ re all integrated and can talk

“ We always encourage new franchisees to use AccountsIQ ,” said Camile Thai ’ s Financial Accountant , Eoghain Grant . “ We can set them up and transfer the business ownership very quickly . In fact , it ’ s ready right out of the box . We don ’ t need to configure anything ; our franchisees just read the help file and they ’ re ready to go with it .”

Ease of use is essential for franchisees , as they ’ re not normally trained accountants . But Camile Thai ’ s head office finance team are also enjoying the benefits of using AccountsIQ . “ Our business model is complex , but AccountsIQ gives us full visibility ,” said Woulfe .

A key element to the success of the software is its ability to integrate with MarketMan , a leading cloud-based restaurant management system . This functionality provides even more granular financial business intelligence information . Through this connection , Camile Thai gets detailed information on everything from its stock levels to its most profitable dishes , allowing it to run profit level variance analysis .

As well as being a bonus for the head office , this means restaurant managers only have a single system to master . There ’ s no more manual invoice entry or duplications

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