YOU ALSO DON ’ T

NEED TO BE AN EXPERIENCED ACCOUNTANT TO USE IT AND YOU DON ’ T NEED AN IT PERSON TO

INSTALL IT . to undertake as all the data is fed into AccountsIQ at the back end .

The outcome

AccountsIQ has been a huge timesaver for Camile Thai at month end with the multidimensional reporting processes . The move has allowed it to shorten the month end reporting timetable , and it can now produce a completed profit & loss ( P & L ) and balance sheet for the board of directors within eight working days .

This efficiency from within the finance department radiates to the rest of the company . Woulfe ’ s finance team can now provide more accurate and timely information to the rest of the business , thereby facilitating better decision-making . For example , the war in Ukraine had a material impact on input costs . Having up-to-date and trustworthy financial performance information was essential in allowing Camile Thai to make the right commercial decisions by the board to steer the business in the right direction in reaction to external events and disruptions .

Effort is also saved on analysing results , as the team uses the multi-dimensional reporting to drill down to a full P & L for each restaurant and to produce consolidated monthly reports for its management team .

Camile Thai has found AccountsIQ to be extremely well suited to running the finances of a complex and growing franchise .

“ It makes life so much easier ,” concluded Woulfe . “ It ’ s cloud-based so you don ’ t need a lot of processing power ; you can run it on a small laptop in a restaurant . There are no issues with upgrades because they ’ re done automatically . You also don ’ t need to be an experienced accountant to use it and you don ’ t need an IT person to install it . We just send our restaurant managers a link , they open it , job done !” �

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