Founded in 1971, Bed Bath & Beyond Inc. is a nationwide chain of superstores selling predominantly better quality domestics merchandise and home furnishings. The Company's over 470 stores principally range in size from 30,000 to 50,000 square feet, with some stores exceeding 80,000 square feet. Bed Bath & Beyond combines superior service and a huge selection of items at everyday low prices within a constantly evolving shopping environment that has proven to be both fun and exciting for customers.
With this many locations and tens of thousands of assets, Bed Bath & Beyond required a robust fixed assets solution. Bassets delivered with superior functionality to handle both tax and general ledger depreciation calculations. The system was installed, their existing data was converted and tied out to the general ledger in 5 business days.
"We discovered that the Bassets Fixed Asset System was the most flexible in terms of an out-of-the-box product.", said George Elefther, Director Real Estate Accounting.