Xero app companion Projectworks has been working carefully with Aerium Analytics, a Calgary-based know-how firm that makes use of information automation and analytics to supply geospatial intelligence, inspection, and wildlife administration companies utilizing aerial drones.
Aerium is concentrated on three foremost merchandise:
- International Object Particles Detection (FOD)
- Runway Marking Evaluation
- ‘RoBird’ Wildlife Administration
Their star product is RoBird – a mannequin of a feminine Peregrine falcon that flaps its wings and flies at about 30 kilometres an hour. By mimicking an actual Peregrine falcon’s behaviour, RoBird helps to mitigate the impression of fowl interactions in industrial settings, and particularly airfields.
“We take a look at the drones outdoors of town, which is near the Bow River – an awesome trout fishing river. There are a selection of apex predators like bald eagles who’ve a habitat within the space. So, whereas we’re flying the drone on this area, most likely 5 kilometres from the river and filming utilizing a FPV (first-person view) drone. Rapidly, these talons come onto the display screen as a result of an eagle recognised a menace and attacked our drone,” mentioned Jeff Beeston, CFO of Aerium Analytics.
Jeff is a chartered skilled accountant and has held a number of positions in monetary departments, managing tax, treasury, and monetary reporting. He was additionally a CEO for 15 years earlier than becoming a member of Aerium Analytics.
From paper to robots
Jeff joined Aerium at an thrilling time when the enterprise was experiencing large progress, however when he arrived he shortly discovered quite a few key challenges:
- There was no applicable accounting system in place.
- New, giant multinational shoppers had strict and detailed invoicing necessities that their present infrastructure simply couldn’t present.
- Aerium was additionally having numerous bother getting their workers and contractors to fill out their timesheets.
In earlier roles, Jeff had groups of 20+ accountants supporting him. Now, Jeff solely had two folks in his group, and he was spending days capturing information for big shoppers. This was unsustainable. He wanted to shortly construct a system that might assist Aerium meet these wants and higher handle their enterprise.
To get some assist, Jeff approached PwC for his or her recommendation on what instruments would assist Aerium and match their distinctive wants.
Discovering the correct instruments for the correct job
PwC recognized that Projectworks, along with Xero, would give Aerium the facility to handle giant initiatives professionally. Utilizing these new programs, AERIUM’s stage of sophistication and adaptability permits them to handle giant multinational shoppers and meet their strict and detailed invoicing necessities. Jeff now will get time again to give attention to the bigger monetary image.
“Final month, I bought my invoicing achieved in a day. That was a two-week technique of gathering hours and modifying information. Dealing with invoices this manner, I can gather information, run a few experiences, get it reviewed, get it onto an bill, get that reviewed, and we’re out the door,” says Jeff.
For the reason that transition to Projectworks’ user-friendly, simple timesheet system, Jeff has seen Aerium’s worker compliance and engagement dramatically enhance, whereas timesheet and bills points have dissipated.
“From the operational perspective, my worker engagement and compliance is superb. Coaching and onboarding folks to make use of Projectworks for billable hour monitoring has been nearly painless. It was really easy to do, and I hardly ever spend time chasing anyone apart from supervisors to make it possible for they’ve truly authorized the hours that individuals have put in,” explains Jeff.
Aerium has additionally been capable of tighten up their income cycles, which has sped up accounts receivable collections.
“The quicker I can get my bill out precisely, the quicker we receives a commission. While you’re managing money, that’s large for a small firm.”
The sky actually is the restrict
Jeff and his group at Aerium are delighted with the benefit and time saved by means of their new digital suite as their enterprise continues to develop.
“We’re continually altering, and we appear to be gravitating in direction of organisations that really feel like house”.
Aerium has huge growth plans and is ready to take flight anyplace. Proper now, they hope to deliver their instruments and experience to Australia and Aotearoa (New Zealand) quickly.
Kiwi firm Projectworks is a enterprise administration platform designed to assist skilled & inventive companies companies higher handle their organisations within the areas of undertaking administration, undertaking financials, and folks administration.
Take a look at Projectworks on the Xero App Retailer right here.