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Shopbox AI

Case Study Sector

Scaling Companies

An outsourced finance function built for scale.

Shopbox AI, a fast-growing technology company specialising in innovative AI-driven retail solutions, approached Fitzgerald Power with a clear goal: to outsource its finance function.

As their business expanded rapidly, the Shopbox AI leadership team recognised the need to focus their time and energy on scaling their core operations and accelerating growth, rather than getting bogged down in day-to-day financial management. By partnering with Fitzgerald Power, Shopbox AI aimed to leverage expert financial support to streamline processes, ensure compliance, and gain strategic insights, all while freeing up internal resources to drive the business forward.

Services provided by Fitzgerald Power

Monthly bookkeeping tasks

This includes bank reconciliations, cash reconciliations, and reconciliations for creditors and debtors. We ensure that all financial records are up-to-date and accurate, enabling more informed financial decision-making.

Supplier payment files

Fitzgerald Power took the responsibility of creating and managing supplier payment files. This not only saved time but also ensured accuracy in supplier payments.

Monthly management accounts

One of the key services offered was the preparation of monthly management accounts. These monthly reports enabled better financial planning and informed decision-making.

VAT calculations & submissions

Accurate and timely VAT calculations and submissions to avoid penalties.

Weekly payroll runs

Weekly payroll processing, including revenue submissions and payment processing to employees, is managed by Fitzgerald Power.

Outcomes

The collaboration between Fitzgerald Power and Shopbox AI led to numerous benefits, including:

Improved financial efficiency and accuracy.

Enhanced financial reporting, leading to better decision-making.

Cost savings through reduced in-house financial management expenses.

Timely and accurate supplier payments, preserving supplier relationships. to avoid penalties.

Compliance with tax regulations and payroll requirements.

“”

As a growing business, our needs are changing nearly from month to month. Before working with Fitzgerald Power this was a real challenge which consumed a lot of time from the management team. Fitzgerald Power has really changed everything for us.

Alan Gormley

Shopbox AI