SME Growth . i2s supports consulting business reach 40% turnover increase
i2s supports consulting business reach 40% turnover increase
Article by Oxford Innovation | 31.10.2018
With the objective of discovering efficiency gains, Solvaa connects, automates and streamlines your business and financial processes.
By adopting this approach, founder Kelly Goss and Solvaa help SMEs get the most out of Xero, save time, reduce costs and stay agile.
With cloud-based accounting software package, Xero at its core, Solvaa helps businesses improve their financial administration processes. It achieves this by reducing the manual transfer of information between a range of other business areas such as procurement, payment solutions and banking, retail/e-commerce, stock control, sales, job and project management, and staff management.
Through an in-depth analysis of how administration processes in each individual client’s business work, Solvaa finds the most appropriate and cost effective solutions to maximise productivity and reduce unnecessary resource spend.
Managing the business landscape
If business processes become disconnected and run independently of one another, they can fail to communicate effectively with each other and more specifically, with your accounting processes. This typically results in inefficiencies and vulnerability to errors.
By adopting a holistic approach, Solvaa looks at all aspects of a business and uses proven methodologies associated with audit, analysis, process improvement and project management.
These provide insights into the most compelling and cost-effective ways to increase productivity and reliability in financial administrative processes.
Solvaa’s approach to workflow improvement encompasses the processes, the people involved and the best available technology. It explores your needs, objectives and routes to increasing efficiency and gaining more timely and accurate business information .
The company helps its customers stay agile by harnessing Xero’s ecosystem to enable businesses to embrace the benefits that come with fast-paced technological change.
Overcoming common obstacles
Solvaa was introduced to Innovate2Succeed (i2s) in January 2018 and was impressed by its its comprehensive approach to tailored business support and coaching. The consultancy was looking to engage in branding, business development and funding help at a time when it was exploring future growth options.
Prior to utilising the innovation advisor’s expertise and experience, Kelly Goss was exploring several different business models and strategies, lacked a clear basis for prioritising them, and had yet to determine how best to pursue and test them efficiently.
These have been “overcome 100% because of my advisor Eric Wood’s input and commitment,” emphasised Kelly Goss, Founder, Solvaa.
Providing business development coaching and innovation, the accounting and business technology consulting company has experienced a 40% increase in turnover in the past six months, following the i2s team’s support and recommendations.
Embracing its value proposition
Commenting on the importance of supporting the business owner as much analysing the business model and brand, Kelly explained: “Eric helped me to take a higher level look at what I do and he’s really made me realise my huge potential as an individual – I did not see it as a scalable option and now see the multiple opportunities available.”
“Innovate2Succeed has turned my world upside down in the most wonderful way in just 10 short weeks. Eric has made a huge impact on my life as a business owner,” enthused Kelly.
Looking ahead, Kelly now aims to create brand awareness around her consultative-led coaching and business support offer to customers around the globe, and hopes to take on staff to help attain its next level of growth.