Quisitive Ranked #2 on Dallas Business Journal’s Ninth Annual Middle Market 50 List | Quisitive

TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, today announced that it has been ranked #2 on the Dallas Business Journal’s Ninth Annual Middle Market 50 list. The Middle Market 50 list is an annual research project that the Dallas Business Journal conducts ranking the fastest-growing companies in Dallas-Fort Worth based on revenue growth over a three-year period, beginning in 2020, namely those between $10 million to $1 billion of reported annual revenue.

Quisitive attended the in-person recognition event at the Hyatt Regency, in Dallas, Texas, where the Dallas Business Journal announced the rankings of the 50 companies named to the list. Companies included on the list represent industries such as healthcare, industrials, technology, and banking, and were awarded based upon their 3-year growth rate.

“Quisitive is honored to be ranked #2 amongst the many well-respected companies Dallas Business Journal named to their annual Middle Market 50 List,” said Quisitive CEO Mike Reinhart. “We saw significant expansion between 2020 and 2022 due to our joint organic and inorganic growth strategies. We remain committed to progressing our vision as we expand our reach further into the Cloud and Payments markets.”

About Quisitive:
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Our Payments Solutions division leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.

Quisitive Investor Contact
Matt Glover and John Yi
Gateway Group
[email protected]
949-574-3860

Quisitive Management Contact
Tami Anders
Chief of Staff
[email protected]

City Harvest Feature Image: a food delivery truck delivers apples
City Harvest Implements Board for Improved Financial Reporting Across Projects and to Support its Aggressive Growth Strategy
City Harvest’s Finance team partnered with Quisitive to implement Board, resulting in improvements their financial business processes.
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In this case study:

Client: City Harvest

Industry: Public Sector

Products and Services: Board®

Country: USA

“Quisitive demonstrated a high level of expertise and professionalism at every turn. They provided constructive advice, consulted us on budget structures and reporting, and worked to ensure our users were comfortable using the technology.”
ARABELLE GATILAO
Director of Finance, City Harvest

Overview

 City Harvest, New York City’s largest non-profit food rescue organization, quickly realized that depending on spreadsheets for effective financial planning and reporting was an inefficient way of handling the numerous projects and daily transactions they manage. 

 

City Harvest’s Finance team partnered with Quisitive to implement Board as a solution to their spreadsheet woes. This move resulted in drastic improvements in City Harvest’s financial business processes, including: 

  • Improved financial planning & streamlined budgeting administration 
  • Integration of multiple data sources & account segments into one platform 
  • A reduction in the budgeting timeline by 20 days 
  • Increased accuracy of data collected 
  • Faster access to information and reports 

Feeding New York City

 City Harvest began in 1982 when a group of concerned New Yorkers saw nutritious food going to waste in restaurants and realized that this food could be redirected to soup kitchens and food pantries to help feed neighbors in need. Since then, City Harvest has rescued more than 750 million pounds of food, and delivered it, free of charge, to hundreds of food pantries, soup kitchens and community partners across New York City. The organization now manages a fleet of 22 trucks, 160 full-time employees, and 10,000 volunteers annually who collectively help feed the nearly 1.2 million New Yorkers experiencing food insecurity. City Harvest is New York City’s private response to hunger, and the work they do is supported by individual and corporate donations and foundation grants.

The Need for Board at City Harvest 

Prior to using Board, City Harvest was using approximately 200 spreadsheets for corporate budgeting and planning. Since these spreadsheets were not connected, financial information had to be gathered and manually inputted and consolidated from many sources, which was time-consuming and contributed to delays in budgeting timelines. 

 

City Harvest needed to ensure that its financial administrative processes were working as efficiently as possible to address the organization’s multi-faceted business model and support its aggressive growth plans. 

 

City Harvest began searching for a corporate performance management platform that integrated well with their existing Microsoft Dynamics™ GP enterprise resource planning (ERP) system and made it simple to manage complex allocations and projects. 

 

A new system would need to meet their requirements and deliver on results: 

  • streamline the budgeting process for the entire organization 
  • meet budget timelines and create actionable reports 
  • manage complex cost allocations and projects 
  • reduce staff costs and time spent on budgeting 
  • streamline decision making and data entry processes 

Moreover, they needed a partner that could fully support their vision and work with them to launch a new system in a tight six-month timeline. 

 

City Harvest reviewed many systems and ultimately chose Board because of its flexibility, simple interface, powerful reporting, audit trail capabilities, multi-contributor access permissions, ability to track personnel expenses, robust administrative controls, advanced security, integration with Dynamics GP, and impressive modeling and forecasting options. 

 

City Harvest engaged Quisitive, a Premier Board Partner and leader in financial management consulting, to plan and implement their Board Solution. Board was configured to: 

  • provide managers with access to reports 
  • give each staff member a unique login 
  • allow staff to edit and view budgets based on set permissions 
  • provide error-free, dynamic reporting with built-in cost allocations
  • create validation reports to ensure that correct information is captured consistently 

  • provide data integrity across many users for increased confidence in the numbers being presented 

“It was clear that Board could help streamline our financial operations and refine financial information.”
ARABELLE GATILAO
Director of Finance, City Harvest

City Harvest’s Journey with Quisitive & Board

Quisitive worked with the City Harvest team to plan a successful launch of Board. Understanding how to configure Board appropriately meant that the Quisitive team had to be extremely responsive and hands-on. No stone was left unturned. Quisitive ensured the Scope of Work was well defined and updates were communicated regularly and that users were given the training needed to be successful. 

 

Quisitive’s in-depth knowledge of financial systems and flexibility in understanding business models and reporting requirements helped ensure that Board was fully configured and launched in time for City Harvest’s budget season. 

Well-Defined Scope of Work

Both the Quisitive and City Harvest teams needed to clearly understand what was required and the best features of Board that would solve the issues. The scope of work was detailed and there was regular communication between both teams, thus eliminating confusion and increasing the speed that Board was implemented. 

Focused Implementation

Quisitive worked with City Harvest to make use of Board’s ability to add modules ‘piece-by-piece’. As such, the team was able to focus on developing use-cases and functionality that would allow for the greatest short-term impact and allow the City Harvest team to launch Board within 6 months. Quisitive also worked with City Harvest to stagger the implementation to allow for testing, user feedback, and refinements to ensure that each component and process was rolled out as efficiently as possible and continued to build on success. 

Guided User Training

Training was an essential component of this stage of the process. All staff members were trained in how to effectively use Board. 

Results

Since launching Board in January 2019, City Harvest has been able to realize significant benefits and improvements to their financial planning & reporting process; including: 

  • Reduced budgeting timeline by a total of 20 days, resulting in a faster budgeting & reforecasting season. 
  • Easy access to real-time budgets and reports by managers, increasing visibility into key financials and improving the accuracy of budgets & reports. 
  • Establishing one uniform source for financial and operational data across the organization. 
  • Provided more accurate insights into future budgets & financial forecasting. 

City Harvest plans to move beyond the budgeting function to include integration of financial data from other sources. One such integration involves tracking salary and benefits information for employees. 

 

They also plan to use Board as a data warehouse for storing and efficiently using all of their financial data. 

 

Moreover, City Harvest is excited to see what benefits they will realize from Board’s forecasting capabilities across cost centers and amidst a time of rapid growth. 

 

“Using Board, managers have an easier way of working with and understanding their budgets. This has improved the participation in and accuracy of our data and reports. We can now spend more time ensuring continued sound fiscal management of City Harvest.”

Board – Intelligent Planning Platform - Technology Page Hero Image, Board logo and mock up of board on Desktop, laptop, and mobile
On-Demand: Budgeting Boo-tcamp: Conquer Your Finance Fears with Board
Discover how you can face your budgeting and finance fears with Board + Quisitive.

Say goodbye to planning, and hello to intelligent planning.

Board is a revolutionary solution designed for financial planning and analysis (FP&A). This solution integrates with Microsoft Dynamics, simplifying your budgeting, forecasting, and planning operations.

TORONTO, Sept. 21, 2023 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, today announced that it has been selected for the Dallas Business Journal’s ninth annual Middle Market 50 list. The Middle Market 50 list is an annual research project that the Dallas Business Journal conducts ranking the fastest-growing companies in Dallas-Fort Worth based on revenue growth over a three-year period, namely those between $10 million to $1 billion of reported annual revenue.

Quisitive earned a spot among the finalists for its impressive revenue trajectory, driven by a joint organic and inorganic growth strategy. Through customer-focused execution, in-house product development, and expansion of the Company’s services portfolio, Quisitive has grown organically. Additionally, Quisitive has pursued M&A opportunities since 2018, with five acquisitions joining the Quisitive organization. Quisitive’s growth is indicative of its commitment to produce transformational impact and value for its customers.

“Quisitive is honored to be named a top growth company in the Dallas-Fort Worth region,” said Quisitive CEO Mike Reinhart. “Our goal remains to become the preeminent go-to partner for end-to-end digital transformation and payments solutions.”

Quisitive will attend the in-person recognition event, where the Dallas Business Journal will announce the rankings of the 50 companies named to the list, on September 21st, at the Hyatt Regency, in Dallas, Texas.

About Quisitive:
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Our Payments Solutions division, leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.

Quisitive Investor Contact
Matt Glover and John Yi
Gateway Group
[email protected]
949-574-3860

Quisitive Management Contact
Tami Anders
Chief of Staff
[email protected]

TORONTO, Sept. 13, 2023 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, today announced that it has successfully completed the migration of a global manufacturer of diversified products, from Microsoft Dynamics AX to Dynamics 365 Finance & Supply Chain Management.

As part of the global digital transformation strategy, the customer needed a partner to lead their migration from an on-premise legacy system to a modern, cloud-based solution. The migration would enable more streamlined operations, improved visibility, and enhanced agility across systems. Quisitive was selected as the partner of choice for this complex and critical project due to the Company’s deep expertise in Dynamics 365, as well as its automated tools for process and code upgrades, coupled with its mastery of Microsoft’s established Sure Step 365 methodology.

The initiative lasted 12 months and represented 1,000 Microsoft Dynamics 365 F&O licenses consolidating 700 legal entities and over 200 manufacturing plants. The project also included over 70 integrations to the customer’s existing platforms to ensure a streamlined business process and holistic view of the business. For a project of this scale, Quisitive’s within scope and on-budget delivery enabled a smooth transition on a timeline representative of the Company’s preeminence as an IT solutions provider.

As a result of this project, the customer gained a modern and scalable platform to support their strategic vision for growth and innovation as a factory of the future. With this milestone achieved, the customer will now advance their collaboration with Quisitive, expanding the implementation to a new division that will include an additional 7,000 seats on Dynamics 365 F&O. This next phase will make the customer one of the largest users of Dynamics 365 F&O in the manufacturing industry.

“Quisitive delivers superior value to customers through leading tools and expertise in executing major systems upgrades seamlessly on accelerated timetables,” said CEO Mike Reinhart. “We set holistic digital transformation strategies that advance our customers ahead of their competitors and better position them for future innovation and current end-market capture. Quisitive continues to progress our vision for manufacturing solutions that solve the industry’s most pressing challenges.”

About Quisitive:
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Our Payments Solutions division, leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.

Quisitive Investor Contact
Matt Glover and John Yi
Gateway Group
[email protected]
949-574-3860

Quisitive Management Contact
Tami Anders
Chief of Staff
[email protected]