The company had one bookkeeper who wasn't able to handle the growing complexity of Tag1's needs. At first, Tag1 needed help to catch up and clean up their books, and make sure their income income and expenses were coded in QuickBooks. Then, they needed to automate the back office, not just for compliance, but to get actionable financial intelligence. Integrated time-tracking and job costing were setup so they could get reports that show P&L by client and job. That would let them make data-driven decisions to increase profits and scale more effectively, without adding more staff.
The partnership with GrowthForce gave Tag1 the ability to make pricing decisions that helped the company get from break even to seven figures of profit in less than a year. They did that by realizing their largest client was not their best client - it was actually their least profitable client. Then, when they renegotiated pricing on their lowest margin clients, the difference went right to the bottom line.
Tag1 got a flexible and professional accounting department with well-documented policies and procedures. This helped to make sure the accounting was systematized, and not just based on one person. They gained confidence that the finances are accurate, meaningful and delivered on time. Tag1 gained peace of mind and freed up valuable time, allowing management to focus on growth instead of worrying about their accounting.
Hiring both GrowthForce and Insperity was one of the best things I’ve done for my organization. I now have insights into my numbers that helps me maximize my people and increase our profits.