Some staffing firms are “one-stop-shops,” which can mean everything to providing direct hire and contract services, or a mix of services. It’s a viable strategy for staffing agencies that want to provide a suite of services to meet client demand.
This strategy can also apply to your growth solutions within your own company. When you bundle your services you’ll see less crossover or crossed wires with your data and processes.
This piecemeal approach is a common problem for staffing firms. Many add software as they grow, starting off with an accounting system, then adding standalone opportunity management systems.
Why Avoid Silos?
High-growth companies that have these so-called siloed systems run into many challenges and cripple the very growth that they are trying to achieve. Problems include wasted employee productivity, a lack of visibility into your business, added costs due to the IT needs of separate systems. It also brings more headaches and lost time with duplicate information.
This has a real effect on your growth and your bottom line. For example, according to market research firm IDC, siloed companies lose 20 to 30 percent in revenue every year due to inefficiencies. This “Silo Effect” is prevalent across all industries and from start-ups to Fortune 500 companies.
Integrated is Actually Better
On the other hand, the results of an integrated system include greater efficiency, fewer headaches, and better customer service to your business clients and candidates. Moreover, it allows you to focus on sales and growth instead of constantly grappling with IT issues.
At Madison Resources we do more than funding. We provide complete back office support solutions, which give you more time to focus on increasing sales, recruiting talent and serving your clients better. Our ATS/CRM system is fully integrated and brings efficiencies and opportunities. Put simply, Madison Resources offers comprehensive solutions to help you finance growth, reduce costs, improve efficiency and maximize the profitability of your staffing business. This also includes our Business Intelligence tool which allows you to have visibility into your business and project different business scenarios.
Are you looking for a better solution to your data and processes as a staffing startup?
Let us help you work up to your potential with our one-stop-shop devoted to your needs. Madison Resources offers comprehensive solutions to help you finance growth, reduce costs, improve efficiency and maximize the profitability of your staffing business. And we do all this with the most competitive pricing – and NO hidden fees. Contact us today to learn more.