Sådan blev vækst en del af QuickOrders hverdag

In 2014, the software company QuickOrder was founded, and by the end of 2019, QuickOrder could look back on a growth journey that all entrepreneurs dream of experiencing. QuickOrder provides the future software solutions for cafes and restaurants, where they have created handheld terminals, POS systems, and other software solutions that increase efficiency across the industry.

The ambition of Mads and the rest of the QuickOrder team paints a picture of a company that is firmly establishing itself in the restaurant industry. This growth that QuickOrder is experiencing has only been achieved by making the right decisions when faced with challenges. Questions such as: How can you make the best use of your liquidity while also offering your employees the best equipment to work with? It’s a question that Mads and his team know the answer to.

Liquidity is key

Liquidity is crucial for creating the opportunities or developing the product that accelerates a business, or for offering employees the best working conditions. For a startup like QuickOrder, liquidity is key to its development. That’s why Mads and the rest of his team are highly focused on making the best use of their liquidity.

However, it seems that Mads and his team have managed to use their liquidity effectively. QuickOrder’s customer list keeps growing, and the company’s growth is the kind that all entrepreneurs dream of. With this growth, the employee count has also risen, which in turn affects their liquidity. At QuickOrder, there is always a strive to offer every employee the best possible equipment for work.

But this puts pressure on liquidity, as purchasing a new computer for 20,000 DKK every time a new employee is hired can quickly add up. Liquidity can come from banks or external investments, and both options are available to QuickOrder. However, growth doesn’t just come from having liquidity; it also depends on how effectively you use it.

With investments or bank loans, QuickOrder would temporarily have the liquidity to meet the growing needs for the best work tools as the company hires more employees. But Mads and his team have learned that buying a MacBook Pro for a developer each time a new hire is made was draining QuickOrder’s liquidity too quickly.

Beyond the fact that QuickOrder would be tying up too much liquidity in work equipment, Mads couldn’t help but think about what would happen next time QuickOrder hired a new employee, or if the equipment broke down. Would there be enough liquidity to cover these unexpected costs?

If the equipment breaks down or needs upgrading, the company would be forced to use its liquidity immediately for repairs or upgrades. A black screen, for instance, would not just mean that work couldn’t continue efficiently – it would also affect employee satisfaction. Inefficiency and unhappy employees aren’t the kind of conditions that foster the growth that QuickOrder has achieved

Leasing and flexibility

For Mads and the rest of the QuickOrder team, they needed to find a solution that provided flexibility and the best IT equipment when hiring new employees, when something broke, or when equipment needed to be upgraded. This solution had to help QuickOrder optimize its liquidity while ensuring satisfied and efficient employees. QuickOrder began leasing its IT equipment through FlexBuy, which allowed them to use their liquidity more efficiently. Instead of having to pay 20,000 DKK for a new MacBook Pro, QuickOrder could now simply create a leasing agreement with FlexBuy. This change meant that QuickOrder could protect its liquidity and invest it in growth, rather than tying it up in expensive equipment.

With a leasing agreement through FlexBuy, QuickOrder gained great flexibility. If something breaks and the screen goes black, QuickOrder can quickly get a replacement. And if the company needs to upgrade its equipment, they just sign a new leasing agreement. The flexibility is especially important as QuickOrder continues to grow and hire more employees. With FlexBuy’s leasing agreements, QuickOrder can sign one deal today, and another one tomorrow. By leasing IT equipment, QuickOrder is better able to manage its liquidity than if they had purchased equipment outright, allowing them to focus on what they do best—developing products for the future of restaurants and continuing to grow QuickOrder.

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Sådan blev vækst en del af QuickOrders hverdag

Liquidity is key

Leasing and flexibility

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Sådan blev vækst en del af QuickOrders hverdag

Liquidity is key

Leasing and flexibility

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