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E-commerce · Fishing lures

Norolan × Tangently: Eight Countries, One Real-Time Financial Picture

Sales, inventory and cash from every Shopify store, in one live view.

The Norolan logo over a man fishing beside a lake.

Unternehmensübersicht

Norolan Artisanlures Oy, based in Mikkeli, makes handmade lures, ice-fishing jigs and fishing gear. It sells them in its own Shopify online stores in eight countries. Tangently brings sales, inventory and cash from every country into one real-time view.

Unternehmen
Norolan Artisanlures Oy
Industry
Handmade lures, ice-fishing jigs and fishing gear
Based in
Mikkeli, Finland
Founded
2019
Sales channels
Shopify online stores in eight countries, and resellers
Used in Tangently
Financial management, forecasting, reporting, inventory and cash
Tangently is an easy-to-use tool for financial management, forecasting and reporting, so easy that even a carpenter from Pieksämäki can use it. It integrates well with Shopify online stores, and we see inventory and cash position in real time across our multinational operation.
Jyrki KasanenCEO, Norolan

Die Herausforderung

Norolan has grown from the shores of Lake Saimaa into an international online retailer serving anglers in eight countries. Summer and winter fishing seasons alternate, and handmade products make managing inventory and cash a key part of growth. As sales grow across several countries' online stores, management wants to see the whole company in one place, and a company growing with investors needs reliable forecasts and reports regularly and without effort.

Online stores straight into the financial model

Tangently was connected to Norolan's Shopify online stores. Sales, inventory and cash update from every country into the same model, and forecasts and reports are built from the same data.

Diagram: eight country Shopify stores and accounting (income statement and balance sheet) feed into Tangently in real time, which shows sales by country, inventory, cash, forecast and reports.
Illustration, not real figures.

Was wir geliefert haben

  • Sales by country
  • Inventory
  • Cashflow
  • Prognose
  • Reports

Wichtigste Ergebnisse

Eight countries in one view
Sales from all online stores are combined automatically.
Inventory and cash up to date
The picture updates continuously from Shopify, not with a month's delay.
Forecasts and reports from the same data
Financial management, forecasting and reporting are handled in one tool.
Easy to adopt
A tool that can be used without financial training. Numbers update on their own, and the AI CFO answers questions in plain language.

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