Gigantti: one of Finland's best-known electronics and appliance stores
Retail
Gigantti Oy Ab, one of Finland's best-known electronics and appliance stores, has long operated on a franchise basis. Currently, Gigantti has a total of 38 stores, of which 18 are merchant-run (Franchise) stores.
The cornerstones of the company's success are an efficient business model and strong support for entrepreneurs. In recent years, chain management has begun to use Finadeck, a digital tool that facilitates monitoring and analyzing key financial metrics of franchise companies.
Data-driven management was challenging without real-time visibility
Gigantti's chain management faced the challenge of obtaining current and accurate information about the financial performance of franchise entrepreneurs. Without an effective monitoring system, it was difficult to identify which stores were performing well and which needed additional support. Additionally, consolidating numbers from companies in the chain created extra work.
Individual entrepreneurs needed tools to monitor their stores' financial status and make decisions based on current data.
Real-time reporting of financial metrics helps Gigantti's franchise entrepreneurs and chain management
Gigantti's chain management decided to implement Finadeck, which provides a comprehensive view of key financial metrics. Finadeck enables real-time data collection and analysis, allowing chain management to monitor franchise entrepreneurs' sales, margins, and other key metrics from one place. Detecting deviations is also convenient when limits and conditional formatting can be set for key metrics in tables.
Individual entrepreneurs use Finadeck in their own stores, allowing them to easily and quickly monitor their stores' sales figures, margins, and key balance sheet metrics. The tool provides visual reports that help entrepreneurs make informed decisions, such as optimizing staff between stores.
Real-time reporting increased efficiency and transparency in Gigantti's franchise chain's financial processes
From the chain management's perspective, implementing Finadeck has brought significant relief to daily operations. Finadeck has provided chain management with a clear, real-time picture of the entire franchise chain's financial performance. They can now identify weaknesses and strengths in different stores and react to them quickly.
Individual entrepreneurs have also reported improved financial status monitoring. They have been able to optimize their operations and respond to changes better than before. Finadeck has helped them understand financial development better, which has increased their confidence in their own operations.
Successful collaboration: Gigantti and Finadeck's innovative business model
The collaboration between Gigantti Oy Ab and Finadeck has been a successful example of how modern technological solutions can improve business processes.
Collaboration between chain management and individual entrepreneurs has deepened, and both parties have found new ways to develop their business. With Finadeck, Gigantti has been able to maintain its competitiveness and respond to changing market needs more effectively.
