The Arcadia group of Novikov receives the management reporting using FinGrad

The FinGrad company – software developer for management and control of finance of the enterprise automated management accounting in group Novikov's Arcadia.

The Arcadia group of Novikov is over 50 successful restaurants in the prestigious districts of Moscow, St. Petersburg, London and Dubai. And also kitchens of the different countries of the world from eminent chefs.

To system implementation FinGrad, considering the number of restaurants and volume of the arriving information, the Group faced difficulties in accounting. Within a month there was no idea of a financial situation of each specific restaurant.

The reporting received a post factum in the form of tables of Excel where sometimes fixed overpayments, from restaurants overestimate of cost value and at the same time could not take a measure quickly. The report on the debt of creditors gathered manually also in Excel and some cash receipts passed that led to inconsistencies and disagreements with creditors. For the general report for Group in one file data from different sources were collected and transferred to the management.

In 2012, at a system implementation stage FinGrad, Arcadia Group of Novikov met some difficulties. As at each restaurant there are the specifics of the software – different versions of programs 1C and StoreHouse, programmers had to adapt a system for each restaurant, registering different ways of transfer of information.

Staff of restaurants mastered FinGrad quickly. 20 restaurants daily work in the system of 55 people. It allows to monitor in real time a financial situation on Group and to create reports without involvement of accountants of restaurants. It saves time both the chief financial officer, and employees. Besides, at the beginning of a month it is not necessary to collect data on payments from 1C now, to create under the articles and to enter in Excel – everything became simpler before unloading of the statement.