Keeping track of the ice cream cones
We decided to look for a system that was easy to use - even for people with no accounting experience.
Jørgen Bjerre, ParadIS
Freshly made Italian ice cream has led the Danish franchise chain ParadIS to success. However, with rapid expansion came enormous problems due to inconsistent and irregular internal financial management practices amongst the shops.
Using the online accounting system e-conomic, ParadIS has gained an overview of the profitability of all 23 shops and benchmark them against each other.
The first ParadIS ice cream shop was inaugurated in Denmark in 2000. Since then, ParadIS has grown into a franchise chain of 23 shops covering the entire country.
In just two years, ParadIS has opened 14 new shops and ParadIS management is also keen to expand beyond the Danish borders.
One of the advantages of being a franchise chain is that each shop is managed and run locally and independently. We do not interfere in their daily business.
However, our existence relies entirely on shop profitability, which is why we need to be able to offer instant support to those shops fighting efficiency issues", says Jørgen Bjerre, co-founder of ParadIS.
Increased need for standardisation
However, until just a few months ago, ParadIS did not have an overview of the profitability of each shop.”The rapid growth in the number of shops resulted in unstructured financial management. It required increasingly more resources to keep track of the financial situation of each shop as they each used different ERP systems and methods.
We decided that we wanted monthly reports and that everyone should use the same accounting software. Otherwise we won't be able to benchmark the shops against each other," he says.
Read more about Paradis and Jørgen Bjerre's experience with e-conomic.
ParadIS
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info@paradis-is.dk
www.paradis-icecream.com
Franchise, specialising in high-quality ice cream
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e-conomic is an online accounting software used by more than 48,000 companies and 4,100 accountants worldwide - from sole practitioners to large accounting firms. The software is easy to use and flexible, and you can give your accountant free access.