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ABOUT FT

Why invest in FriarTuck?

Problem:

  • Hiring, training, and maintaining skilled labor forces in a multi-shift environment is expensive
  • Multiple factors, including resource shortages and rising wages, have increased costs in healthcare, government, aviation, and security where workforces must be local (cannot be offshored)
  • Sub-optimal scheduling solutions have exacerbated challenges and resource crises, adversely impacted morale, and reduced productivity and profitability

Solution:

  • Multi-shift staff scheduling is difficult because it must simultaneously account for:
    • Multiple competing objectives
    • Many conflicting requirements
    • In some cases, resource shortages
  • Mathematical optimization was invented to find solutions for these complex problems
  • Up until recently, use of mathematical optimization was prohibitively expensive and time consuming
  • FriarTuck’s recent breakthroughs have enabled the company to bring the power of optimized scheduling to commercially viable products for the first time

Differentiation and Benefits:

  • Most industries rely on manual and/or rules-based scheduling
  • Neither of these approaches can deal with the millions of combinations of factors necessary to find ‘best’ or optimal solutions
  • FriarTuck’s intelligent system enables enterprises to enjoy:
    • A 75 % reduction in staff time allocated for scheduling
    • A 95% reduction in ‘time to solution’ providing nearly ‘real-time’, optimized schedules
    • A payback period of 1 year or less

Validation:

  • FriarTuck is the leading provider of optimized workforce management (OWM) for the enterprise
  • Top customers include:
    • National University Hospital (900+ beds, 1400 staff, 50 departments),
    • Changi General Hospital (800+ beds, 1200 staff, 37 departments),
    • Singapore Airlines, and
    • American Space Agency, NASA.
 

Want to learn more about investing in FT?
Send email to: investor@friartuck.net
 
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