AccountsIQ has been implemented across the Insomnia coffee shop group.
It replaces the existing SAGE Line 200 on-premise system with a hosted cloud based accounting system tailored for franchisers. This involves all accounting and management reporting for over 30 Insomnia branches.
The EPOS systems in each location have also been integrated directly into accountsIQ, to provide daily realtime updates. This updates sales and cash information to facilitate detailed sales and margin analysis and tight daily controls.
accountsIQ facilitates powerful Business Analysis across all stores, and strong financial control, including automated reconciliation with electronic Bank Statements to tightly control bank lodgements with EPOS.
Barry Kehoe, Chief Financial Officer of Insomnia said:
“We are impressed with the reporting capabilities of accountsIQ, and with the support we got from the accountsIQ team in implementing the new system.
A cloud solution makes so much sense for a multi-location business like ours. We now have a strong foundation on which to manage and grow our operations and develop our franchise model, while maintaining tight control .”