How we helped True Vintage manage their international growth
Who are True Vintage?
True Vintage is one of Europe’s leading online vintage retailers, promoting sustainability through the sale of used clothes, with a core focus on sourcing iconic, rare items for fashion lovers.
Empowering international growth
True Vintage was growing internationally at speed.
Like many ecommerce businesses, they wanted to ensure they were staying compliant with the ever-changing international trade rules in the numerous jurisdictions that they were selling into.
Abacai worked closely with the True Vintage management team to provide a proactive assessment of regional sales volumes and respective VAT requirements.
True Vintage were able to confidently continue their international expansion and were fully prepared for the challenges presented by Brexit and EU VAT rule changes.
Accurate, bespoke stock management
Inventory management is a complex requirement for a business of True Vintage’s nature. Large volumes of unique products meant that the software available on the market was not fit for purpose.
True Vintage wanted to track inventory accurately, to ensure they know their gross profit margin on each of the products they sell.
Abacai worked closely with a third-party operations consultant to establish True Vintage’s requirements. The bespoke system gave True Vintage the data they required to accurately and efficiently track margins and cost data.
True Vintage is now able to make more data driven business decisions ensuring their successful expansion.
Powerful forecasting & reporting
True Vintage wanted faster and more bespoke reporting that factored in critical e-commerce metrics on a monthly basis.
Being able to accurately forecast cash flow is imperative to the future success of the business.
Abacai works closely with True Vintage’s management team, on a monthly basis to ensure, their cashflow forecast is as accurate as possible.
By accurately forecasting every pound the business needs to spend, ensures True Vintage have the confidence to continue their rapid growth.
"Moving our accounting to Abacai has been one of the best business decisions we have ever made.
They immediately got to work on setting us up on the relevant software and now we have full visibility of the business performance. Adam & Bepi are always on hand if we have any questions and give excellent advice. I just wish I had found them sooner."
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