New Millennia Group Ltd.: Streamlining Operations with IoT
Technology Category
- Analytics & Modeling - Real Time Analytics
- Cybersecurity & Privacy - Security Compliance
Applicable Industries
- Cities & Municipalities
- Finance & Insurance
Applicable Functions
- Procurement
- Quality Assurance
Use Cases
- Inventory Management
- Real-Time Location System (RTLS)
Services
- System Integration
About The Customer
New Millennia Group Ltd. is a company that operates within the £28 billion per annum United Kingdom Temporary Recruitment Industry. The company has been working within this industry since 2000 and holds both trade body and government licenses to operate. It provides invoice funding, credit insurance, payroll, and administration facilities to recruitment agencies operating nationwide. New Millennia's main objective is to provide efficient and expert financial, legal, and administrative services to help temporary employment agencies and end customers grow and succeed with their business plans.
The Challenge
New Millennia Group Ltd., a company operating within the £28 billion per annum United Kingdom Temporary Recruitment Industry, faced significant challenges in managing its administrative processes. The company provides invoice funding, credit insurance, payroll, and administration facilities to recruitment agencies nationwide. However, the administration processes and government compliance issues were complex and susceptible to several major changes each year. From 2000 to 2010, New Millennia used several disparate software packages interconnected via manual paper systems, leading to operational headaches. The main challenges included operational process speed and security, communication between operational processes, external interaction of operational processes, supply chain system integrations, frequent change of operational processes, real-time information management, and mountains of paperwork.
The Solution
In 2010, New Millennia decided to implement an automated and centralized control of the services they were providing their clients. The company needed a system that could integrate with their client's applications, comply with legal regulations and controls in the recruitment field, and optimize resources while minimizing costs. After an extensive investigation, New Millennia opted for AuraQuantic BPM Process Management Platform in November 2010. The platform was chosen for its ability to build any process without the need for programming, enabling agencies, temp workers, and end clients to work online via their individual Portals and interact with the AuraQuantic processes. It also provided a high degree of security for protecting confidential information and a real-time information management system.
Operational Impact
Quantitative Benefit
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