Noosa News: Better time keeping

15 May Noosa News: Better time keeping

Noosa and Coast businesses will be able to spend more time hiring staff and helping customers and less time dealing with boring back office paperwork thanks to a Queensland Goverment-backed innovation initiative.

Known as the 100,000 Hours project, the initiative has been spearheaded by Noosa Heads-based financial technology (Fintech) firm Promis and already has six firms participating. It received funding through a state Ignite Ideas grant.

Promis co-founder Cameron Lawrence said the aim of the project is to save 1000 Sunshine Coast businesses an average of 2.5 weeks each over the next 12 months, through using Promis’s automated invoicing payments management tool.

“By doing this, we can unlock in excess of 100, 000 hours wasted business time in the Sunshine Coast region – time that can instead be used by these businesses hiring new staff, serving customers or expanding their services,” he said.

Mr. Lawrence said the first phase of the project is currently under way, with several suppliers to the local cafe and restaurant businesses jumping on board to support the project. These suppliers include Rapid Clean, Montville Coffee, On the Spot, The Source Bulk foods and Coyo Organics.

By the end of April, the project is proposed to be extended to restaurant and cafes.

“Within a few weeks of starting the project, we’ve had suppliers and various business community organizations joining and within the next month we are keen to roll it out to help the many time-poor restaurant and cafe owners and operators along the coast,” Mr. Lawrence said.

Mr. Lawrence has lived on the Sunshine Coast since the age of 17. He founded Promis in 2016 with fellow Sunshine Coast resident Alexander Kohl.

The Promis platform delivers a simple connection tool which helps businesses automate their invoice delivery and reduce the time it takes to reconcile accounts. This reduces friction and time from the supplier / customer relationship by eliminating the invoice chasing and processing cycle.

“Small business operators spend many hours every week on bookkeeping and bill payments,” Queensland Innovation Minister Leeann Enoch said.

“This will save everyone time and money and eliminates wasted effort so everyone can focus on getting back to business.”

Red tape slashed for Coast businesses

COAST businesses will be able to spend more time hiring staff and helping customers and less time dealing with boring back office paperwork thanks to a Queensland Government-backed innovation innovative.

Known as the 100,000 Hours project, the initiative has been spearheaded by Noosa Heads-based financial technology (fintech) firm Promis and already has six firms participating.

Promis co-founder Cameron Lawrence said the aim of the project was to save 1000 Sunshine Coast businesses an average of 2.5 weeks each over the next 12 months, through using Promis’s automated invoicing and payment management tool.

“By doing this, we can unlock in excess of 100, 000 hours wasted business time in the Sunshine Coast region – time that can instead be used by these businesses hiring new staff, serving customers or expanding their services,” he said.

Mr. Lawrence said the first phase of the project is currently under way, with several suppliers to the local cafe and restaurant businesses jumping on board to support the project. These suppliers include Rapid Clean, Montville Coffee, On the Spot, The Source Bulk foods and Coyo Organics.

By the end of April, the project is proposed to be extended to restaurant and cafes.

For more information visit www.promis.co/sc

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