Haverford Brands Adopts Numeric Eight’s Bookkeeping Solutions
“From a business perspective, Numeric Eight has set up our reporting to be easy to understand: we can make sound business decisions quickly and in real-time. Our forecasting and stock management control is available at our fingertips. Because the platforms are all cloud-based, information is easily accessible for the new owners.”
— Mark Winney, Managing Director at Haverford Brands Pty Ltd.
With over a century spent importing and wholesaling industry-leading fishing & netting products, in 2005 Haverford felt it timely to diversify into other market areas. As such, the long-standing family company began shifting its focus from wholesale to e-commerce, resulting in over 60% of its business now being transacted online.
“In early 2020 my family had an opportunity to sell the business, and there were only 7 of us working in the business at that time,” said Mark Winney, Managing Director at Haverford Brands Pty Ltd. “I managed the finances of the business and an admin staff took care of the bookkeeping on a part time basis. In addition, we would consult with an external accountant every six months or so to discuss all matters relating to the business.”
Of course, this shift towards e-commerce would also require Haverford Brands to alter how it approached its bookkeeping requirements. As the business expanded and changed, so did its financial management needs: a development that would soon lead them to the Numeric Eight team in Sydney.
Mark Winney, Managing Director at Haverford Brands Pty Ltd
Like many fast-growing businesses, Haverford Brands quickly realised its current bookkeeping strategies were inefficient to meet the expansion rate.
“We used MYOB as a finance system and were operating 3 Shopify sites & 2 eBay stores, but there was no integration between the systems. This meant we managed a lot of our processes, stock, and inventory manually. It was inefficient, time-consuming, and prone to errors” said Mark.
About Haverford Brands
Established in 1888, Haverford Brands Pty Ltd is a Sydney based importer and (retailer/wholesaler) of various products including:
- Nets and Netting
- Cat Enclosures & Accessories
- Slow Feed Horse Hay Nets
- Shade Cloth
- Commercial Fishing Supplies
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