Southeast Swim School cuts month-end close to under one day with Multi-Entity Management.

Company overview.

Southeast Swim School is a franchisee of Big Blue Swim School, a fast-growing organization focused on teaching children to swim through a proven, family-friendly model. Southeast Swim School is a franchisee of Big Blue Swim School, a fast-growing organization focused on teaching children to swim through a proven, family-friendly model. Southeast Swim School has six open schools, with three more under construction and additional leases in progress. However, the company operates each location as a separate entity. This multi-entity structure creates unique accounting demands as the organization expands across the United States.

Challenge.

Before implementing Business Central with Binary Stream’s Multi-Entity Management (MEM), Southeast Swim School faced growing challenges in managing finances across multiple entities. Each swim school location operated as its own company, creating unnecessary complexity in their accounting processes.

• Manual intercompany work: Each entity required separate logins; intercompany postings had to be entered manually in both sets of books.
• High risk of user error: Manual processes created mistakes when re-keying data.
• Inefficient credit card handling: The team had to download and import statements from Bank of America into their accounting system.
• No multi-entity visibility: Their accounting system wasn’t built for managing a growing multi-company structure.
• Time-consuming month-end close: Closing books for multiple entities was slow and fragmented.

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