Established in 1989, Floyd Automatic Tooling Ltd is a family run business, supplying the turned parts manufacturing industry with consumable tooling. With 10 employees based in their office in Baldock, Floyd Automatic works with a number of major European suppliers to meet the growing needs of the UK industry – Floyd Automatic also operates in Ireland, India, Thailand, Hong Kong, America and Australia. As a result of an ongoing commitment to service and personnel, the company has rapidly become one of the leading suppliers to the turned part industry.
Analysis
The heavy burden of having to keep documentation on file for seven years was taking its toll on the amount of office space available. A mezzanine was dedicated to filing and information retrieved was increasingly slow. This costly exercise could only escalate as the volume of paper documents rose.
In addition, the prospect of HMRC audit loomed large. Floyd Automatic is required to retain input materials paperwork for its European suppliers and it must also be in a position to make these readily available to HMRC. With resources critical, this situation was simply not tenable. Speed and ease of information retrieval were driving factors behind the decision to investigate a document management solution.
Floyd Automatic Tooling
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