The problem

Ocean Bottle has a great team of experienced finance professionals, including a head of finance and finance director.
Before working with Abacai, they found most of their time was spent on data reconciliation, making payments, dealing with suppliers, and international VAT returns.
This was taking them away from their value-added work, such as expansion strategies, cost analysis, and future forecasting.

The solution

Abacai provides a full team of UK-based finance professionals that act as an extension of the Ocean Bottle’s team.
Taking on tasks such as monthly management accounts, bookkeeping, payroll, weekly supplier payments, and ad-hoc support.
Abacai freed up the internal team's time, allowing them to focus all their energy on high-value projects. Having everything in one place has saved Ocean Bottle thousands on internal hires, external consultants, and accountants.

The problem

Very early on, Ocean Bottle started to gain international recognition, and customers from all over the world wanted to support their mission and buy their bottles
Quite soon, their global market became a significant driver in Ocean Bottle's growth. Selling globally, if executed incorrectly, can be very expensive and lead to a poor customer experience.

The solution

Abacai, working exclusively with scaling brands, was able to advise on a number of different strategies that were cost-effective while ensuring the customer had a best-in-class buying experience.
Liaising with external advisors in local regions, Abacai ensured Ocean Bottle saved thousands of pounds in sales tax each year while staying compliant in every corner of the world they sell to.

The problem

Ocean Bottle relies on over 50 different platforms, including Xero, Shopify, Cin7, and Amazon, to run the business.
Ensuring accurate data flows between these systems is a colossal challenge. Even a 1% error in these data flows leads to hundreds of thousands of pounds in overpaid VAT and corporation tax.

The solution

From the first day of working together, Abacai began optimizing Ocean Bottle’s processes.
This required a full understanding of all areas of the business, including sales, operations, and finance. Quickly, we were able to spot discrepancies and help implement a scalable solution that delivered accurate results every time.