Ambitious Aldershot firm Merlin Document Management Systems (MDMS) has appointed a Commercial Director and obtained substantial funding from HSBC under the DTI loan guarantee scheme in its determination to become a leading provider of document management systems for SMEs (small and medium sized enterprises) across the region and ultimately the UK.
Paper shuffling represents a major cost for every business and independent research* has shown that workers can waste an incredible 35% of their time on document related tasks. MDMS can alleviate businesses of such waste by improving their productivity.
The Aldershot firm has developed a unique and affordable software package, Merlin, to manage a business documents including Word, PDF, email, spreadsheet, scanned, text, in the way their workers best operate. This software has already been proven with a number of high profile names including the prestigious local Wentworth Golf Club.
The software is specifically targeted at the SME market where there are as yet no competitor products available despite there being a high demand for this type of office productivity tool.
MDMS has set itself aggressive growth targets, with turnover expected to reach an impressive 8 million within 3 years, and Tony Compton has joined founder and Chairman, Bob Darby to put MDMS firmly on the map.
Commenting on his arrival, new Commercial Director, Tony Compton, previously a partner of Deloitte & Touche, said MDMS is reaching the market at absolutely the right time as there is clearly a very strong business demand for our solution plus we have minimal competition - we are currently unique in what we are able to offer.
There are over 70,000 UK businesses with between 20 and 250 employees. All these businesses generate and keep electronic and paper documents, often requiring significant storage space. And how many times have you heard someone complain that they cannot easily find that all important document which is filed somewhere and about the time they then take looking for it. Merlin can solve all these problems.
To have received the necessary funding from HSBC under the DTIs Guarantee Loan Scheme is proof that our business model is very sound as the Government scheme is now extremely rigorous in deciding which businesses to back.