Outsource Management Services secures £55k from GC Business Finance to expand software and team
The funding will support five new hires in Wigan and further product development.
Outsource Management Services provides cloud-based productivity management software designed to optimise supply chain and warehouse operations. Its flagship platform delivers real-time analytics and performance tracking to help businesses reduce operating costs.
Outsource Management Services has secured £55k in funding from NPIF - BFS & MSIF Microfinance, a fund managed by GC Business Finance. The capital will be used to expand the team with five new customer service roles in Wigan, further develop the Vitesse software subscription service, and bring new products to market.
Vitesse is a cloud-based productivity management tool that provides real-time analytics for warehouses and supply chains. The software matches resources with demand, calculates order costs, and measures staff activity to help companies improve efficiency and reduce downtime.
Led by Managing Director Martin O'Grady and Chief Technology Officer Gareth Dodd, the company has seen turnover double year on year. The fresh capital aims to support the business as it scales its operations and extends its reach across the country.
From the founder
"Warehousing and logistics businesses will usually have full visibility of where and how well utilised all their vehicles are. They will also know exactly where all their inventory is, it's value and stock-turn. However, when it comes to one of their biggest operating expenditure; people, they have little to no information. How well utilised are they? How well balanced across teams and departments are they? What processes are stopping them from achieving their potential? Who needs additional training? In times of constrained labour supply, likely to become more acute with Brexit, retaining, training, incentivising and measuring staff fairly are not luxuries – they are essential. Vitesse is a cloud-based, easy to deploy solution that helps businesses grapple with these issues, improve profitability and treat people fairly."
Gareth Dodd
Chief Technology Officer at Outsource Management Services
Investor perspective
"Martin and Gareth have developed a highly innovative and competitive product that offers many more relevant functions than anything else o the market. Not only will it help save companies money from wasted man hours, it also improves management skills by allowing the business to build a true picture of the work needed to produce its orders and to reward and incentivize the teams delivering them."
Mark Gibbons
Senior Loan Manager, GC Business Finance
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Outsource Management Services
Software provider developing cloud-based productivity management tools for supply chains and warehouses.