A back office company based in Stockport has recently made a significant acquisition, enhancing its focus on the recruitment sector.
The acquisition of an admin-focused firm, rebranded as Quartz, promises to streamline operations and boost productivity for recruitment agencies.
Acquisition Highlights
A Stockport-based back office business has recently made a significant acquisition, obtaining an admin-focused firm for an undisclosed sum. This acquisition is expected to significantly enhance the company’s capabilities within the recruitment sector.
The newly acquired firm has been rebranded and is now known as Quartz. This firm is recognised for its proficiency in pay and bill, timesheet, and expense approval processes, which can streamline recruitment agency operations.
Technological Advancements
The acquisition involves the establishment of a team of developers. This move reiterates the company’s commitment to delivering innovative, technology-driven solutions tailored to the needs of recruitment agencies.
Quartz is a secure, cloud-based platform designed to eliminate the complexities of invoicing clients, paying suppliers and contractors, and tracking financial data. This system has already demonstrated its efficiency by processing timesheets from tens of thousands of contractors each week.
Efficiency and Integration
Quartz can accelerate back office operations by up to 80%, significantly reducing administrative burdens on recruitment agencies.
The platform’s all-in-one portal ensures seamless communication and coordination between recruiters, clients, and contractors. This enables effortless management of timesheets, expenses, invoices, and payments.
Moreover, Quartz’s compatibility with leading accounting, payroll, and CRM systems, such as Xero, eliminates manual and duplicate data entry, thereby saving time and reducing errors.
Advanced Analytics
Quartz leverages advanced analytics powered by AWS Quicksight. These analytics provide actionable insights, allowing recruitment agencies to identify trends and make informed, data-driven decisions.
Additionally, the platform offers a white-labelling feature. This feature allows agencies to brand Quartz as their own, ensuring a consistent and professional experience for clients and contractors.
Employee Ownership and Future Plans
The back office business has been employee-owned since 2021. This ownership model aligns with the company’s mission to provide reliable and innovative solutions for recruitment agencies.
According to the managing director, the acquisition marks a significant milestone. “Quartz’s capabilities align seamlessly with our vision to streamline processes and elevate service experiences for our clients,” he stated.
The director also highlighted the importance of the development team, emphasising that the company is not only acquiring cutting-edge technology but also fostering ongoing innovation.
Market Leadership Aspirations
The company has ambitious plans to develop Quartz into a market-leading SaaS-based solution. Clients can expect even more advanced features and integrations in the near future, solidifying its position as an essential tool for managing contractor relationships and optimising business operations.
This acquisition underscores the company’s dedication to providing solutions that drive efficiency within the recruitment sector.
The back office business’s commitment to technological innovation and client service is expected to set new benchmarks in the industry.
The acquisition of Quartz marks a pivotal development for the back office business.
With the integration of advanced technology and a dedicated development team, the company is poised to revolutionise the recruitment sector.