How Farthinghoe Saves Hours on Valuations
Discover how Liv-ex transformed a manual, time-consuming client valuation process, adding pricing data at a speed of 5,000 lines per minute.
Before: Time-consuming and manual valuations
Farthinghoe Fine Wine is a small, but established, family-run wine business in the UK. Accurately pricing cellars for their clients were taking up a lot of their time: “Life was so painful before Liv-ex because I would have to research each line individually – vintage by vintage, wine by wine – and it can take hours – especially if there’s over one hundred cases of stock needing to be priced up.” Before this, Rebecca would spend up to a full day on a 100 lines cellar list.
Solution: Liv-ex’s valuation tool
Liv-ex members get access to valuation tools that standardises Excel lists and adds price information instantly. After the Liv-ex team demoed it to Farthinghoe, Rebecca was using it for herself within a week; “it’s very intuitive”.
At first, I wasn`t convinced it could be that quick, straightforward and perfect. Rebecca Adams Sales & Marketing
Result: Cellar valuations in minutes
“It has reduced our time drastically”, she says. Rebecca can now price up to four clients’ cellars in the time it used to take her to do one, meaning she spends more time on other revenue-generating activities. The business has benefited in other ways too: clients are reinvesting their proceeds into other stock that they hold.
Liv-ex's valuation tool changed my job – overnight. A task that used to take 3 hours now takes 30 minutes. Rebecca Adams Sales & Marketing