Somage Fine Foods is a supplier of specialty beverages and raw goods to the hospitality industry.With a strong reputation for quality and sustainability, personal relationships throughout their supply chain and a focus on product innovation, Somage is a preferred supplier to Australia’s most discerning cafes and retailers.
For the next phase of its business, Somage looked to introduce its product and ethos to the US hospitality market. One of the founders relocated to the USA to set up a sales office and began building relationships with US distributors.
Wei & his team have been a valuable resource that gave us confidence we needed to make our US expansion a success. Sansdesk offered personalised and attentive service that we didn’t receive from the larger Accounting Firms we had previously worked with.
A common issue businesses face in expanding overseas for the first time is the sudden increase in business complexity. This can manifest in legacy ERP, accounting and inventory management systems that are not built for trading internationally, as well as a strain on staff resources required to provide accounting and compliance support.
Being Somage’s first international foray and the rapid traction gained with US distribution partners, Somage required assistance with establishing funding and transaction patterns for their US business, as well as finance support to bring their US accounts up to date.
We conducted a review of Somage’s accounting, inventory management and ERP systems, both for their Australian business and US business. It was critical that these systems were able to cater for different local and international sales bases and pricing structures.
We also considered the physical movement of inventory to the US and the transaction pattern through their accounting system and ERP system required to reflect this. We considered systems integrations and provided recommendations as to finance processes across the group.
To bring the project home, we provided outsourced finance resources to assist Somage’s finance manager to implement recommended processes and bring Somage’s US accounts up to date.
