Local business storefront
Case Study

Small business doubles number of retail locations and streamlines financial reporting with the help of Baker Tilly Advantage

Local business storefront
Case Study

Small business doubles number of retail locations and streamlines financial reporting with the help of Baker Tilly Advantage

A client in Wisconsin owned six retail locations across the state. Over time, managing all of their accounting and financial data turned into a full-time job, pulling their focus from more important matters like running their business. The Baker Tilly Advantage (Advantage) team began providing the client with bookkeeping assistance eighteen months ago, but quickly realized our team could offer much more. Since that time, Advantage has helped the client to:

  • Automate their accounts payable, receivable and invoicing processes
    The client went from spending 15 hours per week managing vendor invoices, plus three hours every Saturday signing checks and stuffing envelopes, to paying and approving all bills from a mobile phone.
  • Streamline their payroll process
    The client used to spend three days each payroll period tallying hours and traveling to each location to drop off checks. Now they can review and submit payroll from anywhere and on any device, eliminating unnecessary travel expenses and data entry.
  • Access their data in real-time
    The client transitioned from receiving their financial reports after-the-fact to being able to see financial information from all locations on a daily basis, all in one spot. We were also able to create tailored dashboards with key performance indicators to help them evaluate their success.
  • Double the number of store locations
    By engaging an accounting firm who understood theirs goals and helped them plan for the future, the client was able to expand from six to twelve locations.
  • Build disaster resistance
    Paper files and hardware systems run the risk of being destroyed by natural disasters, which could completely devastate any business. Our client was able to mitigate this risk by implementing a cloud-based system where all data is stored in a centralized server location. In addition, the client no longer has to maintain computer hardware and any software updates are handled automatically.
  • Prepare for scalability
    Accelerated business growth typically leads to growing pains that result from the mismanagement of more data, more infrastructure and more customers. The cloud solutions we implemented are scalable and grow alongside the client’s business to meet market demands and accommodate growth. Our solution is repeatable and easily implemented so there is no extra time or cost associated with setting up additional locations.

Read the full case study to find out how Advantage provided the client with a blueprint to best solve their most pressing problems and seize new opportunities.

For more information on this topic, or to learn how Baker Tilly Advantage specialists can help, contact our team.

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