Anytime Fitness is a globally operating gym franchise with a strong presence in Germany. The German holding company runs several clubs across several legal entities. It was in a growth phase and urgently needed support to scale its finance processes, keep administrative costs low and become more efficient.
Anytime Fitness needed support scaling its finance processes and international reporting during a growth phase. Nortos took over the entire finance function: from bookkeeping for all entities and consolidated reporting for the master franchisor and owners to advice on strategic project financing. As a result, administrative costs fell significantly, reporting became better and faster, and decisions on expanding the network rest on a solid foundation.
cost savings compared with a full-time Head of Finance.
weeks until the first report to the owners after the acquisition of the German company.
days from month-end to the reviewed monthly report.
“Nortos supports our financial management with a cost-to-expertise ratio that no other provider can beat.”
Florian Dermühl
CEO Anytime Fitness Germany
During rapid growth, Anytime Fitness needed a cost-effective, scalable solution for its finance processes. Each club has its own plan, but bookkeeping runs across several entities. These figures had to be brought together reliably, because the holding company reports internationally to its master franchisor and global owners, which demands precision and efficiency. Anytime Fitness also needed support with strategic project financing to expand its network.
In a free initial consultation, we’ll show you how Nortos takes the load off your finance function – from reporting to strategic CFO support.