PureTech Labs

Challenge:
PureTech Labs, a software development company, was struggling to manage its rapid growth. The company was facing cash flow issues, disorganized financial tracking, and inefficiencies in its operational processes. With a growing number of clients and employees, PureTech needed a solution to streamline its operations and ensure its financial stability as it scaled.

Solution:
Lomay Consulting implemented an integrated financial management system that automated key processes such as invoicing, payroll, and expense tracking. We also worked with PureTech’s leadership to restructure their operational workflows, focusing on optimizing team collaboration and resource allocation. By automating financial tracking, we eliminated manual errors and ensured that the company’s financial data was accurate and up to date. Additionally, we introduced tools for forecasting cash flow and monitoring key performance indicators (KPIs) to help the leadership team make data-driven decisions.

Outcome:
The implementation of the new financial management system reduced operational costs by 20%, as manual errors were eliminated and key processes became more efficient. PureTech Labs improved its cash flow management, allowing the company to reinvest in growth opportunities. The company also gained valuable insights into its financial performance, enabling better decision-making for future projects. With streamlined operations and improved financial tracking, PureTech Labs was able to scale more effectively, attracting new clients and increasing revenue by 18%.