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How we use flash reporting to keep your business in the know, and in the now

Waiting until the end of the month to assess your financial position can leave you behind the curve. That’s why, at Accurise, we present weekly flash reports to ensure our partners are always in the know, and in the now.
An image of Danny Stone
Danny Stone
July 23, 2024
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5

Hello, I’m Jonna, Co-founder of Accurise. In today’s fast-paced hospitality industry, staying informed and responsive is essential. Waiting until the end of the month to assess your financial position can leave you behind the curve. That’s why, at Accurise, we present weekly flash reports to ensure our partners are always in the know, and in the now.

The Purpose of Flash Reporting

Flash reporting is a strategic tool designed to provide you with a timely snapshot of your business’s financial health. Every Monday, our team delivers a report that highlights the key financial metrics for the last week’s performance, giving partners the information needed to make informed decisions throughout the week.

What Our Flash Reports Include

Our flash reports are structured to give you a clear overview of your business’s performance for the previous week. Each report includes:

• Revenue: An analysis of your weekly revenue against budget and previous year, helping you understand whether you’re on track to hit targets for the period.

• Key Metrics: Custom KPIs tailored to your business needs, such as food & beverage margin, labor costs, occupancy rates, Google ratings, or the effectiveness of recent promotions.

These reports are powered by Excel or Power BI, informed by Xledger, our cloud-based software partner. This approach allows you to stay connected to your financials without the delay of traditional month-end reporting.

The Benefits for Our Partners

Our partners have found that weekly flash reporting offers several advantages:

1. Enhanced Decision-Making: With up-to-date financial data, you can make decisions proactively throughout the period rather than reactively after the period is over. This enables you to address issues or capitalize on opportunities as they arise.

2. Operational Efficiency: Flash reporting ensures that your team has the information they need to keep operations running smoothly. Everyone is aligned with the current financial status, reducing the risk of surprises.

3. Reduced Month-End Stress: By receiving weekly updates, the burden of month-end reporting is significantly reduced. This allows you to focus more on strategic planning and less on reviewing past data.

Our Commitment to Excellence

At Accurise, we understand that outsourcing your finance department is a significant decision, particularly in a market where this concept is still emerging. However, our approach is built on a foundation of innovation, accuracy, and trust. We combine state-of-the-art technology with top-tier talent to deliver results that drive genuine growth.

Our commitment to our partners is reflected in our 96% client retention rate. We are dedicated to helping you streamline processes, improve reliability, and scale efficiently as your business grows. Whether you’re managing a restaurant chain, a hotel, or a fleet of food trucks, our solutions are designed to meet your unique needs.

Staying Informed, Staying Ahead

In the dynamic world of hospitality, having access to accurate, real-time financial data is crucial. With our flash reports, you can rest assured that you are always informed and ready to make the best decisions for your business. At Accurise, we’re here to support you every step of the way, helping you stay in the know and in the now.

Best regards,

Jonna

Co-founder, Accurise

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