Imagine running a business in the dark. You know you’re making money, but where’s it coming from? Are some departments draining your profits while others thrive?
This was the reality for one of our clients before implementing financial tracking.
The Problem
Without proper tracking, a recruitment company based in Leeds was flying blind. They couldn’t identify their profit drivers or resource drains. This meant wasted resources, missed opportunities, and ultimately, hindered growth.
The company approached Ascentis to not only streamline their financial reporting but provide detailed tracking information for informed operational decisions.
The Solution
We knew the client needed a way to see their finances clearly. As Xero experts, we implemented detailed tracking, allowing them to trace every transaction by sector and, in this case, back to each consultant they used.
Xero’s user-friendly interface provided the client with real-time financial insights, empowering them to finally see the bigger picture.
The Value Impact
The impact was immediate.
Within 3 months, the recruitment company identified a low-profit sector bleeding resources. With this data-driven insight, they are able to take corrective actions and profitability for that sector.
Now, the client can make operational decisions based on data trends, move forward with confidence, and improve their overall business success. They can not only improve their performance but also track the success of the decisions they’ve made.
Ready to gain control of your finances and unlock hidden growth potential? Contact Ascentis today and see how we can help you implement a powerful financial tracking system for your business.