Video transcript: Aditi Staffing: Acumatica gives Aditi spinoff solid financial platform for rapid growth
Aditi Staffing is about providing technology talent for our end clients and helping create value for their business. We started much like any other startup without very many technology and tools, if you will. Came to a point where we thought no more running in traditional Excel sheets and manual processing. So we said probably we'll need to have some very cloud based software, easy to use, easy to access, user friendly. So the system that was being used by Aditi Tech, which was our parent company for quite a while, was Xapta. The biggest challenge that we had is that it was set up for project based accounting which is not what the DD Staffing does. We get all of our invoices and all of our time cards through these vendor management systems and Xaphtha wasn't set up to handle that. Each client has their own vendor management system and when you're working with forty plus clients, each of those require us to go in and get the information on an individual basis. And so what we didn't have was a quick way to aggregate all of the financial data that we needed, all of the accounting data that we needed. Aditi came to us about a year ago, and at the time they had multiple challenges that they were facing. They were doing a tremendous amount of manual work. Given the technology from Acumatica, given the flexibility, we were really excited about suggesting Acumatica to the customer because we thought it would serve their needs. Obviously, operating on a traditional model, we had very many Excel sheets running all over and often when you do very manual things, it's very error prone. By using this tool, it's very user friendly in terms of reporting. We're able to see a lot of data analytics. So we would download the invoice details from the VMS and then import them in in a certain format to Acumatica. And it went from about a five day tracking process to I think we were down to about a day and a half of being able to get those invoices in at month end. So by switching to Acumatica, rather than having one person handle all of our AR through an Excel spreadsheet, we were able to have person handle all of our AR and our AP and use that extra person, that extra role in a more effective way. My expectation growing with this partnership is to kind of evolve as we evolve. I'm very confident from the last twelve months I've seen. I'm really happy about saying that hopefully this tool will come with us and partner with us long term for each other's success. What I really liked about Acumatica is you didn't have to buy the entire solution immediately. If we get to the point where we need to add a fixed asset module or an inventory module or a projects module, that capability is there. With staffing you can really grow as big as back office can support.