Scaling Accounting Teams with Talent Formula
Quantaco, a leading innovator in the Australian hospitality industry, was experiencing phenomenal growth. Recognised as one of Australia’s fastest-growing companies by the AFR in both 2022 and 2023, they disrupted the traditional accounting model by offering a unique blend of technology and accounting services tailored to the hospitality sector.
But their rapid expansion brought a pressing challenge, how to scale their accounting team to keep pace with the escalating demand for their expertise. The key was finding and retaining high-quality accountancy talent, especially in a tight Australian market.
Talent Formula’s Unique TaaS Model
Talent Formula’s Talent-as-a-Service (TaaS) model proved to be the ideal solution for Quantaco’s unique needs.
Here’s why:
- Industry Expertise – Talent Formula’s deep understanding of the accounting landscape allowed them to source professionals who not only possessed the right skills but also understood the nuances of the Australian hospitality industry. This aligned perfectly with Quantaco’s commitment to providing specialised expertise to their clients.
- Team Structure Flexibility – The ability to build teams with varying levels of seniority meant Quantaco could have client leads collaborating seamlessly with financial analysts, all working together in a cohesive unit.
- Focus on Retention – Talent Formula’s emphasis on not just recruitment, but also ongoing engagement and support, resonated with Quantaco’s culture of investing in their team’s development.
10 Years of Partnership, Transformational Results
Over the past decade, Talent Formula’s TaaS model has enabled Quantaco to focus on their core business of innovation and growth, while we took care of the complexities of talent acquisition and management. The results have been remarkable:
- Rapid Growth – Quantaco has been able to double their client base year after year and scale their accounting team by 250% in under four years, thanks in part to the scalable and flexible nature of the TaaS model.
- High Retention & Engagement – The partnership has resulted in an impressive 91% retention rate and an 89% engagement score among the accounting team, ensuring continuity and a deep sense of investment in Quantaco’s success.
- Collaborative Culture – The unique collaboration between Talent Formula and Quantaco has fostered a sense of belonging and connection among team members, who feel valued and supported by both organisations.
Hear from Anthony Sullivan – CEO of Quantaco
Quantaco’s success story is a testament to the power of the right talent strategy. Talent Formula’s TaaS model has proven to be a catalyst for growth, enabling Quantaco to overcome staffing challenges, build a high-performing team, and maintain their position as a leader in the Australian hospitality industry.
Want to learn more?
If you’re looking for a strategic partner to help you navigate the complexities of talent acquisition and retention, contact Talent Formula today. We’re ready to help you build the accounting team you need to achieve your business goals. Book in a free consultation strategy with us.
