Choudry Associates creates jobs with fundingBy Matthew Ord, Digital Staff Writer
Jobs have been created at a Tyneside accountancy practice after receiving funding from Investment for Growth.
Choudry Associates applied for funding in October 2013 and, since receiving the grant, has taken on an electronic document facility which has enabled the business to grow.
The introduction of a digital scanning and filing system eliminated all paper-based records, which has relieved the company of the cost of the external storage facility and freed up a large amount of office space.
Six months on from the completion of the project, five jobs have been created and turnover has increased by £45,000 – a figure which is expected to keep growing.
Umar Khawaja, managing director of Choudry Associates, said: "We were aware that our old filing system was so unproductive that is was actually costing the business money, rather than helping us to meet our strategic plan of a being a crisp and clean office with information and data always being readily available at our fingertips.
"Frankly, the old piles of paperwork were an eyesore making the office look untidy and unprofessional. Thanks to the funding from Investment for Growth, we’ve turned it around with our new digital scanning and filing system, as well cutting costs and creating new jobs."
Kate Ward, business adviser at Investment for Growth, added: "Not only has the project impacted significantly on the business, it has also benefitted the environment by reducing the company’s carbon footprint in terms of business miles and electricity usage in printing client records."
Investment for Growth recently announced it is increasing the value of the project size it can consider when awarding funds to the North East's SMEs to £15,000.