Case Study: From 30 messy spreadsheets to 100% accuracy in just 6 weeks

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.”