Xero app associate Projectworks has been working carefully with Aerium Analytics, a Calgary-based know-how firm that makes use of information automation and analytics to offer geospatial intelligence, inspection, and wildlife administration providers utilizing aerial drones.
Aerium is concentrated on three fundamental merchandise:
- Overseas 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 affect of hen interactions in industrial settings, and particularly airfields.
“We take a look at the drones outdoors of the town, which is near the Bow River – an important trout fishing river. There are a variety of apex predators like bald eagles who’ve a habitat within the space. So, whereas we’re flying the drone on this subject, most likely 5 kilometres from the river and filming utilizing a FPV (first-person view) drone. Abruptly, 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 big development, however when he arrived he shortly discovered quite a few key challenges:
- There was no acceptable accounting system in place.
- New, massive multinational purchasers had strict and detailed invoicing necessities that their present infrastructure simply couldn’t present.
- Aerium was additionally having a number of hassle 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 individuals in his workforce, and he was spending days capturing information for big purchasers. This was unsustainable. He wanted to shortly construct a system that will 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 fitting instruments for the fitting job
PwC recognized that Projectworks, along with Xero, would give Aerium the ability to handle massive tasks professionally. Utilizing these new methods, AERIUM’s stage of sophistication and adaptability permits them to handle massive multinational purchasers 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 obtained my invoicing carried out in a day. That was a two-week technique of gathering hours and modifying information. Dealing with invoices this fashion, 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.
Because the transition to Projectworks’ user-friendly, easy 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 individuals 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 aside from supervisors to make it possible for they’ve really accredited the hours that individuals have put in,” explains Jeff.
Aerium has additionally been in a position to tighten up their income cycles, which has sped up accounts receivable collections.
“The sooner I can get my bill out precisely, the sooner we receives a commission. Whenever you’re managing money, that’s large for a small firm.”
The sky actually is the restrict
Jeff and his workforce at Aerium are delighted with the benefit and time saved by way 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 residence”.
Aerium has massive 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 & artistic providers companies higher handle their organisations within the areas of mission administration, mission financials, and folks administration.
Take a look at Projectworks on the Xero App Retailer right here.