Creating a new accounting system for Card Connection.

Authors Avatar

Name: Andrew Pitcher

Candidate number: 2343

Centre number: 66749

Introduction

What am I going to do?

My parents are currently franchises of a successful greetings card company, name Card Connection, and in order for my parents to sell the business which they intend on doing in the near future, they have to have the accounts and other information about their franchise on a computer system which will also help them with stock ordering because when it comes to actually selling the business, the potential buyers needs to be able to check the accounts of the business to ensure they are correct and it is actually making a profit and that it would be worth their while to actually purchase the business. With having the accounts on a computer system, it also means that they can be viewed more easily and can easily be changed and updated every month etc.

What is Card Connection?

Card Connection is a company, which produces greetings cards, for example, Christmas cards and birthday cards. The company then sells these cards to its franchisees who have bought the rights to sell its cards in a particular region of the country. For example, my parents have the rights to sell cards which Card Connection produce in area 127, which in this case is the Bournemouth and Poole area which means that they hold the rights to put Card Connection cards into shops in that particular region.

A brief history of Card Connection

Card Connection was established in 1992 by Simon Hulme, and within a few years grew to be the largest and most successful company supplying greetings cards on a consignment basis. In 1995 they became Full Members of the British Franchise

Association.

        They are regarded as one of the best run franchises in the UK today, and around 50% of all franchises joining our network are former customers. They operate throughout the UK and Ireland, and also have franchises in Holland and Malta. In total there is around 110 franchises and service in excess of 16,000 retail outlets.

        Because the networks in the UK and Ireland are complete, the only opportunities available are to acquire a developed territory from an existing franchisee. These vary in price according to their level of development. There are normally some opportunities in most parts of the country.

How the Franchise works

Franchises place our greeting card ranges in retail outlets on a ‘consignment’ basis. This means that they put the stock display equipment in on free loan to the retailer. This is one step beyond ‘sale or return’ – the customers never have to but the stock in the first place. They only pay for what they have sold.

        This system is well proven, and Card Connection is the clear UK market leader in this type of distribution.

        Franchisees have their own exclusive territory and operate out of their homes. They call upon their customers typically on a monthly basis. Customers include convenience stores, sub post offices, petrol station forecourts, and staff restaurants in large offices. Card Connection have numerous national accounts, which include Shell, Total, Jet, Sodexho, Londis, Spar, and many more.

Join now!

Examples of Card Connections produce

Below are some examples of the kind of greetings cards Card Connection have to offer:

What is the current problem with my parents accounts?

Currently, the problem with the accounts are that they are not all organised, badly written and poorly presented, and as well as this, they are not always up to date. As it stands, all of the accounts for the business are being worked out by hand on sheets of paper, with the basic layout ...

This is a preview of the whole essay