Procure Wizard, which was founded in 2009 by entrepreneur William Gorol, has been recognised with a Queen’s Award for Enterprise: Innovation.
The company provides an online purchasing portal that has helped modernise the procurement cycle for many hoteliers and restaurant operators, delivering improved efficiency and reduced costs.
It now employs 25 people at offices in Loanhead, Edinburgh and Birkenhead, Liverpool and has ambitious plans to double in size over the next two years.
“Traditional telephone ordering and paper invoicing are still the norm in the hospitality industry,” explains Gorol, “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% of the 1.5 million hospitality businesses in the UK used online technology in 2009, so we knew the potential for Procure Wizard was huge.”
Since starting, the company has attracted an impressive, high profile client list including hotel groups such as QHotels, Macdonald Hotels, The Hotel Collection, Village Hotels and Principal Hayley.
Across all sectors, Procure Wizard clients make up almost 10,000 active users who between them send over £12m a week in purchase orders and invoices via the portal.
Procure Wizard is yet another success story for Scottish tech, which has just recorded yet another bumper year...