If you haven’t been to Fonda, it might be time to visit and taste their delicious Mexican street food made from fresh local produce.
Fonda started out as a small business in 2011 using basic financial systems and Excel spreadsheets. Since then, the business has grown to 12 companies including 8 restaurants across Australia.
To continue succeeding in a high change industry, Fonda needed another layer of capability for consolidating, reporting, budgeting, forecasting and financial modelling. They also needed:
- A system that could seamlessly integrate with NetSuite
- A partner who could provide business and technical assistance, plus provide training so they could become self-sufficient
- A solution that could be implemented quickly in time for the next budget cycle
QMetrix worked with Fonda to leverage Adaptive Insights and achieve their goals, leading to a complete solution in just 6 weeks, in time for budget writing.
Financial Controller at Fonda, Peter English, says,
“We were nowhere, then 6 weeks later we had the Adaptive Insights system in place for budget writing. I can’t think of a system you can implement quicker than that – especially one of such sophistication.
We have operational transactions left, right, all over. So it’s great having faith in a system that works rather than looking for a missing formula in an Excel spreadsheet. The numbers balance and we have full confidence that they are accurate. And for a finance person, that’s just amazing.”
Consulting solution: Budgeting and planning consulting
Technology solution: Adaptive Insights