A new invoicing app which has helped build business success for a West Midlands construction company is set for an industry-wide roll out.
The Gemini App, developed by Leamington based RNF Digital Innovation for Birmingham construction company Coen Ltd, is already building a reputation for efficiency within the construction sector.
The Construction Industry Training Board (CITB) has described the app as “pioneering in the sector” and it has also been lauded by university academics.
The Gemini App was developed in response to Coen’s need for an improved system to manage and verify over 100 invoices a week submitted by contractors and sub-contractors. It has produced a transparent system that enables supervisors and management to track, check and sign-off work at the touch of a button.
An independent study by Warwick University’s Business School found the app produced annual cost savings of £100,000 for Coen, a 250 per cent increase in profitability and a 20 per cent revenue growth for the company.
With the results achieved so far, RNF Digital Innovation’s team now plan to release the app for use across a whole range of sectors.
Rob Mannion, RNF Digital Innovation’s managing director, said: “The success of the Gemini app can be best measured by direct feedback from the client and the staff.
“The workers, sub-contractors, accounts and payroll teams all speak of it in glowing terms and how it has helped to transform Coen’s work and invoicing processes.”
Paul Little, managing director of Coen Ltd, said: “The Gemini App has helped turn an age old practice on its head. Whereas before Coen was at the behest of the subcontractors submitting invoices, the company has re-established control of its costs by defining the parameters and scope of its building contracts.”