Gigantti Oy Ab, one of Finland's best-known electronics and household appliance retailers, has also been operating on a franchising basis for a long time. Currently, Gigantti has a total of 38 stores, 18 of which are franchise stores.

An effective business model and strong support for entrepreneurs are the cornerstones of the company's success. In recent years, chain management has started to use Finadeck, a digital tool that facilitates the monitoring and analysis of key financial indicators of franchise businesses.

Knowledge management was a challenge without a real-time view

The challenge for Gigant's chain management was to obtain timely and accurate data on the financial performance of franchisees. Without an effective monitoring system, it was difficult to identify which stores were successful and which needed additional support. In addition, the aggregation of figures for the chain's businesses created additional work.

Individual entrepreneurs, on the other hand, needed tools that would allow them to monitor the financial situation of their stores and make decisions based on up-to-date data.

Real-time reporting of financial ratios makes the work of Gigant's franchisees and chain management easier

Gigant's management decided to introduce Finadeck, which provides a comprehensive view of key financial indicators. Finadeck enables real-time data collection and analysis, allowing chain management to monitor franchisees' sales, margins and other key performance indicators in one place. It is also convenient to monitor anomalies by setting thresholds and conditional formatting for key performance indicators in tables

Individual entrepreneurs use Finadeck in their own stores, allowing them to monitor their own stores' sales figures, margins and key balance sheet ratios quickly and easily. The tool provides entrepreneurs with visual reports that help them make informed decisions, such as optimising staffing between stores.

Real-time reporting increased the efficiency and transparency of financial processes in Gigant's franchise chain

The introduction of Finadeck has brought significant relief to chain management. Finadeck has provided chain management with a clear and real-time view of the financial performance of the entire franchise chain. They are now able to identify and react quickly to weaknesses and strengths in different stores.

Individual entrepreneurs have also reported better monitoring of their financial situation. They have been able to optimise their operations and react better to changes. Finadeck has helped them to better understand the evolution of their financial situation, which has increased their confidence in their own activities.

A successful partnership: the innovative business model of Gigant and Finadeck

The cooperation between Gigantti Oy Ab and Finadeck has been a successful example of how modern technological solutions can improve business processes.

Cooperation between chain management and individual entrepreneurs has deepened, and both sides have found new ways to develop their business. With Finadeck's help, Gigantti has been able to maintain its competitiveness and respond to changing market needs more effectively.