Fifteen years ago when Boston-based Red Thread Spaces misbid an AV project by $100,000 due to a formula error, the company knew it needed a different solution for creating accurate proposals and managing its projects.

“When we first built the business, which was largely from the ground up, we were using spreadsheets to manage our product catalogues and put together our proposals for our customers. Obviously, using spreadsheets is wrought with calculation errors,” recalls Brian Baril, Director of AV Business Operations at Red Thread Spaces.

That unfortunate $100,000 Excel formula error was one of the primary determining factors that led the company to conduct an exhaustive review to look for a better business management software solution.