A young Loanhead-based technology business was last week recognised for its innovation with a Queen’s Award for Enterprise.
To mark the Queen’s 90th birthday last week, 243 businesses across the UK received a new Queen’s Award for Enterprise, recognising their contribution to international trade, innovation and sustainable development.
Procure Wizard is one of the 92 companies that received the award in recognition of its commercial innovation. The company, which was founded in 2009 by William Gorol, employs 25 people at offices in Loanhead, Edinburgh and Liverpool.
Mr Gorol is delighted that his company’s efforts have been recognised with the award. He said: “The Queen’s Award is really exciting for a young business like us and a real recognition for our biggest asset, our employees, who are the drivers of the innovation.”
Mr Gorol explained more about his company, which provides an online purchasing portal that has helped modernise the procurement cycle, delivering improved efficiency and reduced costs.
He said: “Traditional telephone ordering and paper invoicing are still the norm in the hospitality industry.
“This makes controlling live costs both challenging and time-consuming. To put it simply, keeping tabs on what has been ordered and spent should be straightforward.
“When we started up, it was clear that technology could add much needed profit improvement whilst simultaneously relieving labour intensive and manual processes.
“Just 0.05 per cent of the 1.5 million hospitality businesses in the UK used online technology in 2009, so we knew the potential was huge.”