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Success Stories - National Sleep Therapy

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About the Client

National Sleep Therapy specialises in providing doctor prescribed sleep apnoea equipment to patients. The company works closely with doctors throughout the US to solve sleep apnoea problems with CPAP therapy to make the process as simple and convenient for the patient as possible.

The Challenge

  • Start-up in need of detailed financial record keeping, understanding of third party billing.
  • Full-time employees dedicated to generating revenue, not to transactional functions.
  • Full-time, in-house accounting/bookkeeping function too expensive for start-up.
  • As they entered a period of rapid growth, the company needed a strong back-end accounting function.

The Analytix Solution

  • Implement a third party billing accounting and bookkeeping solution.
  • Provide long-term, scalable financial operating solutions.
  • Integrate the company's Brightree system into their financial reporting platform.

Results

  • CFO, Accounting, Bookkeeping, Controller functions and data entry are all outsourced for a significant savings.
  • Significant operational efficiencies and accuracy in reporting.
  • Advance troubleshooting of systems issues.
  • Development of scalable processes helped to avoid potential system and reporting issues at critical junctures in their growth process.
  • The company has grown from £3million to £10million in sales.

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