Use Case #1: Customized Accounting and Reporting Solution
A client approached us after struggling to get reliable, day-to-day reporting from another accounting software. Their existing tools lacked the customization needed to track unique data points vital to their business, making it challenging to get clear and actionable profit margins.
Solution: We customized DataFi to incorporate these specific data points, creating a robust, accurate reporting tool. This allowed the client to gain real-time insights into their profit margins, down to the item level.
Results: Since implementing DataFi, the client reports significant time savings—hours each week and even daily—by eliminating tedious reporting processes. Each morning, they start their day by opening DataFi, where they can instantly analyze sales performance for each item, comparing current results with previous years or any desired timeframe.
The mental load of compiling numbers is gone, freeing them to focus on strategic planning and decision-making with confidence in their data.
Use Case #2: Multi-Channel Profit Analysis and Ad Spend Optimization
A client selling across multiple platforms—Amazon, Walmart, Target, and Macy’s—was looking to pinpoint where they were most profitable. They needed a way to gather and compare sales data across all channels to understand key trends, analyze ad spend, and determine profit per marketplace and per item, both before and after ad costs.
Solution: With DataFi, we provided them a unified dashboard that brings together sales and ad spend data from each marketplace. Now, they can drill down on sales performance across all channels, identify trends, and see precise profit margins, factoring in ad spend for each item and platform.
Results: Equipped with clear, reliable data, the client has been able to make strategic ad investments, particularly increasing their ad spend on Target and Macy’s, where they’ve have 12% higher profit margins. By having a clear understanding of their profit margins, they can now make confident, data-driven decisions and maximize profitability across all their channels.
Use Case #3: Identifying Hidden Costs on Amazon
A client selling on Amazon suspected they were losing money on a specific SKU but couldn’t pinpoint the exact cause. Despite various tools, they struggled to get to the root of the issue.
Solution: After signing up with DataFi, they gained full visibility into their storage costs and discovered that long-term storage fees were significantly impacting their profit margins on this SKU—an expense they hadn’t previously accounted for.
Results: With this insight, they adjusted their inventory strategy to reduce storage costs and improved their overall profitability on Amazon. DataFi helped them uncover hidden fees that were eating into profits, providing clarity and enabling smarter financial decisions.