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Growth Enablement – F&B

Fueling Nemesis Coffee’s Rapid, Multi-Location Growth

Client: Nemesis 

Client Since: 2024

Core Focus: 

Enabling scalable growth through accurate, real-time, multi-entity financial visibility

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Nemesis Coffee is a Vancouver-based specialty coffee company operating a growing network of cafés, a roasting program, a pastry division, and ecommerce and wholesale channels. The business is structured across multiple legal entities, all under a parent holding company.

As demand increased and locations expanded, the complexity of Nemesis’s financial operations began to outgrow its existing systems and processes. Leadership needed clean, consolidated, real-time financial insight to confidently scale — but their foundation wasn’t built to support that level of growth.

Brand  

Industry

Region

Business Structure

Service

Nemesis Coffee

Food & Beverage

Vancouver, BC

Multi-entity (cafés, roasting, pastry, ecommerce, wholesale)

Fractional & Offshore Accounting, Multi-Entity Consolidation, Process Rebuild

4 New Cafés

opened in 18 months

5 Days 

New month-end close timeline (down from 15 days)

180hrs/month 

Leadership time redirected to growth

Challenge: Fragmented Multi-Entity Finance Operations

Nemesis was expanding quickly, but its finance operations couldn’t keep pace with its growth trajectory.

Key Issues Included:
 

  • Multi-entity complexity: Consolidating performance across cafés, roasting, pastry, and ecommerce was slow, manual, and inconsistent.
     

  • Manual and fragmented processes: Disconnected systems caused inefficiencies, errors, and reporting delays.
     

  • Slow and inconsistent reporting: Month-end close took approx. 15 days, delaying leadership insights.
     

  • Poor visibility into inventory and margins: Unreliable inventory data inflated COGS and reduced forecasting accuracy.
     

  • Leadership stuck in the weeds: Executives were spending 8 hours per day on accounting issues instead of strategy and expansion.


These challenges introduced operational risk just as Nemesis prepared to expand into new locations.

Solution: Building a Scalable Finance Foundation with SolvedAF

SolvedAF partnered with Nemesis Coffee to rebuild the financial infrastructure required for sustainable, multi-location growth.

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Inventory and Accounting Integration


Integrated inventory systems with accounting for real-time COGS and margin visibility.

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Standardized Reporting


Monthly reporting for the following was streamlined and standardized:

  • Profit & Loss

  • Balance Sheet

  • Cash Flow

  • Location-level performance


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Historical Cleanup & Standardization

 

Reviewed and corrected three years of historical data, standardized accounts, and implemented consistent processes.

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Multi-Entity Consolidation


Created a unified financial structure consolidating all subsidiary data into one parent-level report.

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Fractional & Offshore Accounting Support


SolvedAF’s accounting team managed day-to-day bookkeeping, enabling Nemesis’s internal leadership to focus on growth.

Results: Improved Efficiency, Financial Visibility & Growth Readiness

With scalable systems in place, Nemesis shifted from reactive finance to proactive, data-driven growth.
 

  • Growth & Expansion

    • 4 new café openings in 18 months.

    • Expansion decisions guided by accurate forecasts and performance data.

       

  • Financial Accuracy & Speed

    • Month-end close from 15 days to 5 days. 

    • Reports delivered by 5th day each month.

    • Data discrepancies reduced. 
       

  • Inventory & Cost Control

    • COGS reduced.

    • Stock-outs and overstocking reduced.  

    • Data-driven purchasing and production.

  • Leadership Time & Focus

    • Leadership regained approx. 8 hours per day. 

    • Time and energy shifted to store openings, brand strategy and team development.
       

  • Risk & Compliance

    • Audit-ready books and compliant processes.

    • Lowered risk of reporting or tax inaccuracies.

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"We initially hired Ashiq as a fractional CIO to manage our IT department, build an IT strategy, and implement solutions to increase efficiencies and scalability across the organization. Due to Ashiq’s exceptional performance and experience as a CPA, he quickly took over our finance department as well. Ashiq revamped our financial planning and analysis processes, improved efficiency, and developed solutions to increase program revenue. Ashiq was also able to bring in team members to help us identify gaps in our data governance processes and actions we need to take to remediate any risks. Ashiq and his team’s ability to quickly understand our needs and drive results has been outstanding. We are very happy with Ashiq and SolvedAF’s services and the positive impact on our organization. "

Brian Bastien

President and CEO, Product Care Recycling 

"I worked with Ashiq for a number of years while I was Director of Internal Audit at Seaspan Shipping Ltd (now Atlas Corp). Ashig provided strategic guidance on various IT projects and SOX Compliance activities, as well as pragmatic tactical approaches that ensured we achieved our project goals in a timely and economical manner. He was particularly valuable in working with our External Auditors to ensure that compliance issues were identified and addressed in a proactive manner. I would welcome the opportunity to work with Ashiq again."

Lee F Man, CPA

CFO, Destination Auto Group

"With our complex financial operations, we had a significant backlog in our bookkeeping and financial reporting. Since partnering with SolvedAF, we have transformed our Record-to-Report (R2R) processes, cleaned up our backlog, and established a reliable monthly close across multiple entities. Their team consistently delivers accurate, timely financials and reports, enabling better decisions and sustainable growth. With their professionalism and deep expertise, they have become a trusted extension of our team. We highly recommend them to any business seeking dependable, high-quality financial support."

Jess Reno 

CEO, Nemesis 

"As a startup founder, I have found Ritesh and the SolvedAF team to be an amazing resource for us. They bring well-rounded experience as fractional leaders and have supported us with our strategic, information security, human capital and data initiatives for our tech platforms. They have stepped in to solve complex problems with gravitas, leadership and dependability, and supported our growth by leading contractual conversations with potential customers. We are looking forward to having SolvedAF as our long-term partners."

Vivek Zaveri

CEO, Mantra Digital

"The SAF team helped us in setting up our business intelligence infrastructure. They helped us develop fully automated data flows and client facing dashboards seamlessly integrating into our website - creating a one stop shop for all insights for our clients. Really sets us apart from our competition."

Bill Tsatsoulis

Co-Founder & COO, Meera.AI

"Ritesh and his team have led a couple of our GRC and InfoSec initiatives and delivered quality execution. In addition to leadership, they bring tremendous experience and subject matter expertise."

Ash Rajendra

CIO, Superior Propane 

"Ashiq has been leading the digital transformation at ZLC Financial for a little under a year, and the impact of his leadership and expertise is undeniable. Ashiq has proved to be an excellent leader in that short time, guiding us through three vendor selection processes for a new CRM system, a Portfolio Management System (PMS), and a new phone system.

Ashiq, and his team at SolvedAF, have also successfully implemented an organizational scheduling tool, a Portfolio Management System, and a back-office management service provider for our Wealth division. Ashiq has also identified and implemented updates to a key finance application to enable business process automation.

Ashiq is an effective and organized CIO and an expert in his field. I look forward to continuing working with him and SolvedAF to bring ZLC Financial into the digital future."

Michelle Richier, CPA

President, ZLC Financial

"I have had the pleasure of working with Ashiq at SolvedAF for the past seven years. Initially engaged to lead Georgia Main Food Group (formerly .Y. Louie Co. Limited) through the selection and implementation of new end-to-end ERP and POS systems, Ashiq has remained a trusted consultant and leader on a number of IT initiatives that have transformed our operations for the digital age.

Through all of these projects, Ashiq and his team have remained patient and understanding while leading us through a disruptive journey. With unmatched organizational and communication skills, they have kept everyone aligned and focused. We look forward to continuing to work with SolvedAF to achieve our strategic IT goals in the future."

Brian Titterington

CFO, Georgia Main Food Group

"SolvedAF assisted me to streamline my healthcare business procedures and protocols. The simple fixes made my life so much easier with the small business! I really appreciated the time that the team took to understand the parameters of health care service in a private practice setting."

Gina Fernandez

Clinical Director, Enable Occupational Therapy

"Ashiq was brought in to help resolve some issues that were left over by a previous service provider. He got up to speed quickly and resolved them while providing innovative solutions to handle other challenges we were facing. Over the five years I've worked with Ashiq, he has built a strong relationship with me and a solid understanding of the business needs. Ashiq has always provided first class service and is a pleasure to work with."

Walt Weaver

President, Norland Holdings

"Ashiq was brought in to help resolve issues with our key finance system, which were causing significant reporting challenges and delays. Ashiq and his team helped us modernize our finance and accounting system along with other key business applications, such as our CRM, that were integral to the business. Ashiq was fantastic to work with, and his blend of accounting and IT knowledge were a huge asset in helping us drive our business forward. Highly recommend Ashiq and his team."

Jessica McCready

Partner, Drench

"Ashiq quickly understood our technical challenges and how they were impacting our operations. He developed and implemented a roadmap that helped us migrate our financial system and core infrastructure to the cloud. This resolved our challenges allowing us to significantly improve our business operations."

Ashley Wanono

CEO, Weaver Distribution

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