AI that does the close work for every store. Your accountants sign off.
Get a demoReal-time financials for every location, side by side.
Put any stores next to each other and next to your own average. Revenue, cost of goods, labor and margin line up to one standard, so the store that moved stands out.
See this month or the last 12 months, and find the problem while you can still fix it.
Creeda does the categorizing and holds back what it isn’t sure of. Your bookkeeper still reviews and closes the month.
Tell us where your stores are and how many you run. We’ll put you in touch with a firm that closes franchise books in Creeda.
| Select a store | Your average | |||
|---|---|---|---|---|
| Revenue | $104,640 | $74,780 | $119,880 | $94,512 |
| Cost of goods | 29.1% | 32.8% | 28.2% | 29.8% |
| Labor | 26.4% | 34.6% | 25.2% | 27.5% |
| Occupancy | 8.0% | 10.8% | 7.2% | 8.4% |
| Royalty and brand fund | 8.0% | 8.0% | 8.0% | 8.0% |
| Other operating | 14.2% | 11.5% | 16.0% | 13.9% |
| Operating margin | 14.3% | 2.3% | 15.4% | 12.4% |
Bayside’s cost of goods is 1.6 points under your average.
Real-time financials for every participating store, apples-to-apples.
Royalties follow sales, so a store can grow, pay every royalty on time and still lose money. A royalty report shows sales and what is owed on them. Creeda shows each store’s whole month, from cost of goods and labor down to operating margin.
Creeda lines up each franchisee’s chart of accounts with one brand standard, so a food-cost number means the same thing in every store.
Before
| Line Item | Amount |
|---|---|
| Gross Sales | $112,300.00 |
| % Change vs. LY | 6.10% |
| Royalty (6%) | $6,738.00 |
| Brand Fund (2%) | $2,246.00 |
| TOTAL DUE | $8,984.00 |
With Creeda
| Store 256 | Median | ||
|---|---|---|---|
| Cost of goods | 31.0% | 29.8% | |
| Labor | 36.2% | 27.0% | |
| Occupancy | 9.2% | ||
| Royalty and brand fund | 8.0% | ||
| Other operating | 14.0% | ||
| Operating margin | 1.6% | 12.9% |
Labor is 9.2 points over the system median.
| Location | Transactions | To review | Status | Action |
|---|---|---|---|---|
| 256 Wexford Foods | 512 | 6 | In review | |
| 218 Brightwater Hospitality | 401 | 4 | In review | |
| 117 Alder & Pine Group | 436 | 3 | In review | |
| 244 Summit Street Foods | 389 | 2 | Open | |
| 112 Alder & Pine Group | 452 | 0 | Closed | |
| 141 Ridgeline Partners | 410 | 0 | Synced | |
| 30 more locations | 12,034 | 4 | 27 ready |
Creeda does the repetitive close work. Your team reviews it and keeps the client.
Creeda categorizes the transactions and fills the ledger. Your team works only what it isn’t sure of, grouped by vendor so a payee that hits every store is coded once.
Every categorization shows the account Creeda picked, how it picked it and how sure it was. Nothing goes to QuickBooks until your team approves it.
It works the way a close is already worked: the chart of accounts first, the client’s own books, and a person who closes the month.
The tokens that connect Creeda to your bank and QuickBooks are encrypted with AES-256-GCM.
Two-factor login is on by default for every organization, and every sensitive staff action is recorded with its reason.
Every categorization and every change to your books is kept in a history that can’t be edited, so any number can be traced.
Tell us about your brand, stores, or firm.
