Bec + Bridge is a fashion label that has the support of the country’s most prestigious boutiques and leading department store David Jones. Launching in the USA in late 2010, Bec + Bridge is now stocked in over 250 boutiques and online stores throughout the USA, including Saks Fifth Avenue and Bloomingdales as well as in Holt Renfrew in Canada and Harvey Nichols in Dubai.
What did the client need?
Bec + Bridge needed a partner to improve the overall financial administration of the business.
What were the main challenges of the job?
From the very first meeting we could see that the bookkeeping was not up to date. Not only that, but it hadn’t been managed professionally, so it’s accuracy needed to be analysed. Due to this, the true profit position of the business was uncertain.
How we tackled those challenges?
Our business experts began by bringing all the bookkeeping up to date, and this gave us a clearer picture of the state of the business. Then we put in processes and procedures to ensure all financial administration tasks were completed on a weekly basis. Monthly reporting was then introduced so the business owners could have an accurate idea of how the company was financially tracking month to month.
And the end result was…
By outsourcing their books, the founders of Bec and Bridge can now focus on doing what they do best – design. The processes we put in place have now released a pressure valve and have added a new element of transparency to the business.