Buy-Low Foods outsource their accounting functions to FMS Solutions
Buy-Low Foods will be able to add 11 Choices Markets stores without hiring any additional staff
[Ontario, Canada, October 2018—] Buy-Low Foods, the largest wholesale distributor in Western Canada, has decided to outsource all accounting functions for Market Choices to FMS Solutions. The company that recently acquired Choices Markets understands the benefits of having access to see business financials weekly and give managers financial targets based on industry benchmarks.
“With the acquisitions of 11 stores, Buy Low Markets would have to hire a full accounting team and rent office space to be up and running in a very short amount of time. We were able to work with the Choices Market team and Buy Low Markets to put together a program that allows them to continue to grow without having to worry about the administrative labor swell associated with adding new stores” said Mike Sharpe, Key Account Executive at FMS Solutions.
By integrating FMS accounting software to with their POS systems, Choices Markets will be able to reduce labor and keypunch errors while enabling them to affordably outsource the accounting process including AP inputting & Bank Reconciliation.
With this new partnership, FMS keeps helping retailers succeed while brings its portfolio in Canada to 40 independent groceries stories. FMS Solutions growing presence in Canada now includes Vince’s Market, Freson Bros. Sun Valley Supermarkets, The Country Grocer (Ottawa), Blind Bay Village Market, Choices Markets, and many more.
FMS Solutions Holdings LLC (FMS) — Since 1974, FMS has helped independent retail grocers succeed by transforming historic accounting activities into timely, accurate decision support tools. The company’s keen understanding of the challenges the industry faces has positioned it as the National Grocers Association’s (NGA) preferred provider of industry benchmarking, best practices and mission-critical decision support. FMS is headquartered in Maryland with additional offices in Pennsylvania, New Jersey, Florida, Tennessee, Nebraska, Oregon, and Ontario, Canada. FMS services organizations in more than 4,200 locations across North America, and the Caribbean, enabling them to improve profitability through better decision support.
Buy-Low Foods — Originally founded as a single store in 1966 and today is a Western Canadian owned and operated retailer with 50 Corporate and Franchise Independent stores in Urban, Suburban and Rural communities throughout British Columbia, Alberta and Saskatchewan. BLF’s retail store banners include Buy-Low Foods, Nesters Market, Choices Markets, AG Foods and Meinhardt’s Fine Foods. With over 2,500 retail employees committed to providing their customers with quality products at low, low food prices. Through its Associated Grocers Wholesale Division, Buy-Low is also a grocery wholesale supplier to hundreds of independent retailers across BC, Alberta and Saskatchewan and a proud supplier to individual stores, small regional chains and its own group of sponsored AG Foods locations.