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RedBlack Software launches revolutionary Shop Profitability module for CyBake

Arduous accounting job automated at the touch of a button by bakery management system

 
PRLog - Nov. 16, 2011 - CHORLTON-CUM-HARDY, U.K. -- NOVEMBER 16, 2011, YORK, ENGLAND, UK – Britain's leading bakery IT specialist RedBlack Software today announces the launch of a brand-new Shop Profitability module for its flagship CyBake 3 business management solution.

CyBake's revolutionary Shop Profitability module allows bakers to easily monitor the performance of their individual retail outlets on a monthly, weekly or daily basis. Because bakery shops are mostly supplied with multiple products by the business that owns them, working out their true costs and getting an accurate picture of the margins under which they operate is extremely difficult.

For example, if a bakery business charges goods out to its shops at recipe cost, its factory will show a loss as all the margin has been given away. The key is finding an optimal internal wholesale price for such goods. Factoring in costs from the factory in with the costs of a shop against cash sales and payroll becomes a serious accountancy task.

This job is time-consuming, expensive and usually paper or spreadsheet-based. Bakery businesses may not attempt it regularly and, when they do, they often come out with inaccurate, theoretical results. Total costs may be estimated and then simply divided by the number of retail outlets. Such reports can be fairly meaningless for the operational managers whose job it is to monitor shop performance.

The CyBake bakery management system already controls the process of purchasing ingredients, recipe formulation and production and then on through to packaging, ordering and eventual shop delivery for every line-item. The software tracks accurate costs for every product throughout this cycle. CyBake's new Shop Profitability module processes these accurate cost-per-sales together with outlets' overheads and wastage figures plus sales data fed directly from shops' EPOS till systems.

The new module then provides the bakery operator with a simple screen of accurate shop profitability reports for any given date-range. A true report on all retail outlets is automatically provided at the click of a mouse and is no longer an arduous and problematic task for an accountant.

Industry veteran and RedBlack Software director William McIlroy says: "I have always been acutely aware of the need for this information and had difficulty getting it during my time as a bakery director. Now that I am working with RedBlack, it has been possible to produce this functionality within CyBake and I know that our customer-base will value it. The new module allows you to easily monitor the performance of individual shops. This information can be used to identify where you are generating cash and to motivate staff to act in ways that will improve profitability."

With CyBake's new Shop Profitability module, individual shop performance can be monitored accurately for the first time. Managers can clearly identify where gross profit is being generated. The module helps head-office decide which shops could be rationalised and what type of new sites are most attractive. Shop managers can be encouraged to work in ways that will increase the gross profit generated by their outlet. Staff incentive schemes can be targeted rather than simply turnover-based.

By monitoring trends and comparing values between shops, head-office can home-in on other issues; for example, if the gross profit of an outlet changes when the shop manager is on holiday. If one shop has a better gross profit than another, it is worth finding out why.

RedBlack Software's new Shop Profitability module goes on general release today as an optional extra for all CyBake users in the UK and Eire.

ENDS

For further information, interviews etc, please contact:

Seamus Quinn
PR Consultant
Cue Communications
seamusquinn1@yahoo.co.uk
07846 102 192

or

Martin Coyle
Sales Manager
RedBlack Software
martin.coyle@redblacksoftware.co.uk
01904 622888


About RedBlack Software
Over 60 bakers and food manufacturers across the UK and Ireland rely on CyBake and CyBake Touch to enhance, automate and control their business processes. We customise CyBake to our customers’ individual needs to provide a secure, easy-to-use platform for their future plans. You can find out more about CyBake and CyBake Touch at http://www.cybake.co.uk. Established in 1995 and based in York, RedBlack Software also offers a full range of support, training, web development and e-business services. You can find out more about RedBlack Software at http://www.redblacksoftware.co.uk

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UK-based PR consultancy specialising in business IT with clients operating in the fields of ERP, bakery software, EPOS, third-sector IT, health sector IT and Microsoft and IBM-related publishing/events.

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Contact Email:
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Source:Cue Communications
City/Town:Chorlton-cum-Hardy - Manchester - United Kingdom
Industry:Computers, Food, Retail
Tags:CyBake, baker, bakery, bakery shops, shop profitability, bakery accounting, Bakery ERP, food manufacture, Software, epos
Shortcut:prlog.org/11725543
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