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]
;)
In this case study:
Client: Ottawa Sports and Entertainment Group (OSEG)
Industry: Sports & Entertainment
Products and Services:
- Financial Forecasting & Reporting
- Operational Analysis
- Scenario Planning
- Board®
Country: Canada
Overview
The Ottawa Sports and Entertainment Group (OSEG) embarked on a journey to replace its manual Excel-based budgeting and reporting process with a sophisticated and flexible financial and operational analysis and reporting solution. With the help of Corporate Renaissance Group (Quisitive), a Premier Board® Partner, OSEG implemented the Board decision-making platform and has since realized significant time savings, better quality, and timeliness of reporting, and improved scenario planning for decision-making. Board now supports OSEG’s complex budget allocations and operational budget forecasts and has allowed OSEG to cut the time needed for budgeting and reporting by 50%.
Ottawa’s Destination for Sports, Entertainment, Shopping and Dining
OSEG was founded in 2008 to re-establish Canadian Football League (CFL) football in Canada’s Capital Region. OSEG partnered with the City of Ottawa to develop the plan and oversee the transformation of Lansdowne into a destination of choice for live events, cultural activities, shopping, dining, and recreational activities.
Lansdowne has transformed into Ottawa’s premier venue for concerts and major sporting events with over 100 games and events each year. Today’s Lansdowne is a live-work-play district featuring the TD Place stadium and arena complex, which hosts two sports teams: The REDBLACKS (Canadian Football League) and 67’s (Ontario Hockey League). The complex seats 24,000 for stadium sports and concerts, and up to 9,000 guests for arena sports and entertainment. Lansdowne also hosts two condominium towers and townhomes with a combined 280 units, a 360,000 sq. ft. shopping/entertainment district, an office tower, 1,300 underground parking spaces, and an 18-acre urban park. OSEG is comprised of 10 companies and 34 departments to manage this complex enterprise.
In 2017, David Porter joined OSEG as Senior Vice President of Finance & Technology to manage finance, information technology, and box office operations for all the legal entities within OSEG’s corporate structure. Having more than twenty years of experience as a CFO and a background in financial technology, David set out to simplify and improve financial planning at OSEG.
“It used to take our finance team days to prepare monthly and quarterly financial reports for executives. Our budgeting process took even longer, and we didn’t have an easy way to do effective scenario planning,” said David.
The Challenge: Manual and Time-Consuming Budgeting and Reporting
After launching in 2008, OSEG implemented key business systems to help with ticket sales and resources planning. Microsoft Dynamics™ ERP was used to manage accounting functions and a third-party solution was put in place to manage and track ticket sales. To track financial trends and provide leadership reporting, the finance team had to manually export and compile data from those systems into Excel. The process was time-consuming and posed several challenges for OSEG, including:
Challenges
- Outdated data being used in budgets and reports
- Different versions of the same reports being shared
- Difficulty verifying data being extracted from other systems
- A lot of time spent cleaning and consolidating data and spreadsheets from multiple sources and departments
- Lack of scenario analysis and forecasting capabilities
- No dashboards or visuals for quick analysis
- Difficulty incorporating ticket sales data into operational reports
- Inability to generate multi-year budgets needed for planning
Solutions
- Board
- Microsoft Dynamics ERP
The Situation: Versatile and Robust Financial Analysis and Reporting
Having worked with Quisitive and the Board platform at a previous organization, David knew how Board could be used as a transformational solution for OSEG and deliver financial reporting, integration with Dynamics, allocations, audit trails, versatility, budgeting templates, administrative control, security, and workflows.
OSEG made the decision to implement Board and contracted Corporate Renaissance Group (Quisitive) to help lead the project. Being a Board and Microsoft Partner and having more than 31 years in the technology and Dynamics space, Quisitive helped to plan, implement and shape how Board was used at OSEG.
“Quisitive was very professional, responsive, and hands-on at every stage of our Board implementation and demonstrated a high level of expertise not only with Board but also with corporate performance management processes and principals. They offered best-practice suggestions and guidance and were incredibly flexible – which is rare for a solution provider,” said David.
OSEG and Quisitive knew that a successful launch of Board would require thorough planning. “Multiple discovery sessions were held with OSEG to make sure that the scope and deliverables of the project were well defined, understood, and documented by both parties,” said Quang Dinh, Lead Solution Designer at Quisitive. “It was important to us that David and his team were active in every step so that together, we could design their perfect system that could scale and create value.”
Working together, OSEG and Quisitive were able to launch Board in less than 180 days. “We were able to implement the first iteration within 2 months from start to finish to meet our budget cycle,” said David.
The Benefits
Automated and Timely Budgeting and Planning
One of the biggest advantages to OSEG is Board’s ability to create a centralized and automated process for timely budgeting and planning and to deliver granular real-time dashboards for instant insights.
Using Board, OSEG has been able to:
- Provide one integrated solution for financial, operational, sales, and resource reporting for better decision-making
- Enhance budget agility, financial analysis, and scenario planning
- Reduce the time spent cleaning and consolidating data and preparing reports by half
- Improve staff utilization by reducing the people-hours needed in the reporting process
- Improve the timeliness and accuracy of budgets and reports for better decision-making
One Integrated System
Integrating all its ticket sales, ERP, and financial data into one system has enabled OSEG to save weeks of time, centralize financial reporting, and establish data confidence so that leaders can trust the data being displayed and use to make better, faster decisions regarding the business.
“Board allows us to take all ticket sales, financials, and resource data into one place so it’s ready at our fingertips in real-time for analysis. Our users can easily drill-down and drill-through to the transactional level and even review digital copies of supplier invoices right within Board. Board offers a level of granular analysis that we need to for proper planning across the enterprise. We can even budget food and beverage and consider the impact of occupancy at games and events.”
Board provides the flexibility and adaptability required to meet OSEG’s specific needs, enabling the organization to keep all critical data tied together in one system and produce in-depth reports with detailed variance analysis
Enhanced Budget Agility, Analysis and Scenario Planning
Using Board, OSEG can now update and reference budgets and forecasts very quickly, produce scenario and variance analysis, and analyze data from multiple sources with ease. This was particularly helpful in 2020 when the global pandemic and related public lockdowns created massive uncertainty for businesses like OSEG.
“Board has definitely helped to improve the accuracy of our budgets and provide decision-makers with various scenario analyses. When COVID-19 hit, we were able to issue our revised forecasts in a very short period, helping executives to weather through very difficult times. We had more time to review, analyze, and make sound financial decisions. Board gave us that agility and insight,” said David.
Thanks to Quisitive’s team and Board’s flexibility, OSEG now has one active budget, one active forecast, and two other detailed future year budget versions in place at the same time, with data seamlessly flowing amongst the four.
Timely Reporting and Drill-Down
The finance team at OSEG now enjoys fast, timely reporting and the organizational decision-makers are experiencing the benefits of real-time reporting and drill-down into core financial insights.
“Our users are very happy with the ability to access various reports and dashboards anytime and from anywhere,” noted David. “Our executive team particularly enjoys the dashboards that are available at their fingertips where they can drill-down and drill-through to the transactional level and can even review digital copies of supplier invoices right within Board. Everything is right there in Board all the time!”
The ability of Board to offer such granular visibility has been a huge advantage for the organization.
Reduced Budgeting Time and Improved Staff Utilization
Since implementing Board, OSEG has cut their time spent on budgeting and reporting by half, saving weeks of time. In addition, because users enter budget data directly into Board, all financial reports are available immediately, eliminating the need for data consolidation and cleaning, and giving decision-makers uninterrupted real-time access to financial information.
“We used to have multiple Excel budget workbooks being distributed, edited, and compiled. It was a lengthy and difficult process especially when there were different versions of the workbooks. Now, users enter budget data directly in Board and financial reports are immediately available.”
The Future of OSEG with the Board Decision- Making Platform
OSEG plans to continue to expand the use of Board for balance sheet and cash flow analysis and will work with Quisitive to extend the use of Board to other areas of the organization.
“Board is an incredibly flexible platform and we have been able to work with Quisitive to implement modules and functions gradually as we need,” said David. “This flexibility allows us to save costs and roll out enterprise wide corporate performance management on our schedule.”
“Our modules are completely customized to fit our needs, which is a level of flexibility that none of the other platforms were able to offer—and means the future opportunities for us to leverage Board is limitless,” said David.
;)
In this case study:
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
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.”
;)
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]