Internship
FP&a Intern
Posted on 8/13/2024
Odeko
51-200 employees
Streamlines operations for independent coffee shops
Compensation Overview
$15Hourly
New York, NY, USA
- Bachelor's or Master’s degree in an analytical field or similar (or in pursuit of such degree)
- High-level of proficiency in Microsoft Excel/Google Sheets utilizing pivot tables, and formulas like Index Match, SumIfs, Sum Product, VLookups and arrays
- Proficiency in SQL, Netsuite, Looker and Adaptive (or similar tools) is a big bonus
- Strong understanding of financial statements
- Clear and effective verbal and written communication skills
- Highly motivated, reliable, and detail-oriented – able to adapt and thrive in a fast-paced environment
- Ability to rationalize and solve complex business problems, including scenarios with imperfect or ambiguous data
- Support day-to-day needs of the FP&A team
- Update and maintain excel models
- Support financial month-end close process by running reports and deep diving anomalies
- Conduct thoughtful, data-driven analysis and communicate results to FP&A team
- Support the workflow required to add, and edit, SKU pricing
- Own and maintain budget workbooks, collaborating with respective department leaders as a key finance business partner to ensure accurate and timely budget submissions of operating expenses and headcount
Odeko helps small businesses, particularly independent coffee shops, streamline their operations through an all-in-one dashboard that simplifies ordering and vendor management, saving clients about 10 hours a week. The platform reduces carbon emissions by 66% through consolidated deliveries and helps clients save 21% on costs, leading to a 5% increase in annual profits. Unlike competitors, Odeko focuses specifically on small to medium-sized businesses, offering a subscription service that emphasizes a customer-first approach. The company's goal is to empower these businesses by enhancing efficiency while preserving their unique qualities.
Company Size
51-200
Company Stage
Series D
Total Funding
$265.6M
Headquarters
New York City, New York
Founded
2019
Simplify's Take
What believers are saying
- Odeko's $53M Series D funding supports further expansion and innovation.
- Expansion into Miami, Portland, and Dallas shows a successful growth strategy.
- Partnerships with Tiny Mile and Espresso State of Mind enhance service offerings.
What critics are saying
- Emerging competitors like Dripos threaten Odeko with integrated solutions.
- Ghost kitchens may shift market dynamics, impacting Odeko's traditional clients.
- Reliance on third-party collaborations poses risks if partnerships underperform.
What makes Odeko unique
- Odeko offers a unique all-in-one dashboard for small business supply chain management.
- The platform reduces carbon emissions by 66% through consolidated deliveries.
- Odeko's leadership includes experienced professionals from Starbucks and WeWork.
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Benefits
Competitive salaries
401K
Equity opportunities
Comprehensive and affordable medical, dental, and vision benefits. HSA, FSA available
Fitness benefits
Wellness programming
Unlimited vacation
Paid gender neutral parental leave
Fully remote team
Stipend for WFH set-up
Employee Resource Groups
Actively growing D&I initiatives
Bi-annual reviews
Professional growth stipend
Personal growth programming
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 7%2 year growth
↑ 7%As a combined entity, Odeko subsequently raised tens of millions of dollars in venture-backed funding.
This week in restaurants, Nathan’s Famous taps ghost kitchens, and USHG launches new loyalty apps.Quick-service restaurant (QSR) chain Nathan’s Famous announced Wednesday (April 19) a partnership with virtual restaurant company Nextbite to enable other restaurants to prepare the brand’s foods from their kitchens, selling them for delivery online.“We think Nextbite is a great partner to bring our world-famous Nathan’s hot dogs, fresh burgers, and crinkle cut fries to Nathan’s fans all over via delivery, as we have a solid track record with our virtual partners,” Phil McCann, Nathan’s vice president of marketing said in a statement. “The Nextbite team clearly has the expertise to bring our concept on a national scale by working with restaurants nationwide.”Certainly, this is not Nathan’s Famous’s first foray into the ghost kitchen space. In 2021, the brand was opening virtual locations by the hundreds, and later that year, the company began working with ghost kitchen solution provider Franklin Junction to help its digital expansion. No word on where that partnership stands now, but as recently as last fall, the two companies were opening dozens of new locations.Overall, delivery orders make up a relatively small portion of all restaurant sales, but that share is growing. PYMNTS’ study “Connected Dining: Rising Costs Push Consumers Toward Pickup,” which draws from a January survey of more than 2,100 U.S. consumers, finds that 10% of consumers reported having ordered their last restaurant meal for delivery, up significantly from 7% just the month before.Overall, a significant share of restaurant customers places orders online at least some of the time
When the global pandemic hit, independent restaurants and shops that didn’t already have an online ordering system in place found themselves scrambling to keep operations going when consumers no longer were going into establishments.That’s where Odeko has come in, providing supply chain management and other operations tools to independent coffee shops and cafés. That includes smart operations software to help customers manage inventory, get data insights and order equipment and supplies from more than 400 vendors in a way that is less expensive and reduces their environmental footprint.“It’s been a rough number of years for hospitality, generally,” Odeko CEO Dane Atkinson told TechCrunch. “We’ve gone through a pretty rough supply chain crisis. A lot of our focus was making sure they could have cups and lids that matched and getting them cheaper prices so they spend less on that cup every day considering that milk, eggs and everything else has consistently jacked up their costs.”Today the company, founded in 2019 by Atkinson, works with 10,000 small businesses and is experiencing revenue growth of over 300% year over year. He said Odeko is able to save customers up to 21% on the cost of goods and up to 10 hours a week of time spent on managing vendors.It is in 16 markets locally, and in the past year, expanded into six of those, including Miami, Portland and Dallas. It is also available in the rest of the United States through e-commerce and other solutions.Odeko’s dashboard
Odeko partners with Espresso State of Mind to bring the Bay Area coffee community together.
Tiny Mile partnered with Odeko, a mobile ordering application for coffee shops.