It began in November 1971, when Bob Stone, a professor at West Georgia College and father of six, realized that in order to support his large family, he would need something else to supplement his professor’s salary.
“He tried to create a company that would do utility billing and payroll for companies, but he absolutely fell flat down on his face and almost bankrupted three different times,” said Stone’s son Bill, CFO and president of SMI. “Finally, the local director of the Carroll County [Department of Family and Children Services] came to Dad about information from the state that they wanted to get organized so they could get work done faster.”
With Stone’s help, the local DFCS office cut their data entry time in half, and Stone picked up contracts from several more counties in Georgia, for whom he punched in authorization to participate information for the food stamp program.
Bill Stone said that what began as a community project in his family’s living room has evolved from data processing to information processing and now, in its current incarnation, to a technology company.
“We’ve absolutely had to change our model and our main lines of business over the years. Nowadays, it’s more about information processing. We have moved into financial transaction processing, more so in recent years,” he said. “In the early days, what got us put on the map was we processed the paper food stamps — benefits that governments determined to families for assistance. We were mailing out food coupons in Carrollton to 20 states at one time.”
After food stamps became a plastic card, the company began its data processing, maintaining software for sheriff and police departments throughout the Southeast. Now, Bill Stone said, the company collects 90 percent of its revenue from processing child support payments.
“It’s a lock-box operation. We’re processing payment, depositing checks or electronic funds, and coding or keeping account of who that payment is for,” he said. “We do that for 11 states in the country. We process that payment and code it to the proper account, then determine where it needs to go. We have a list of primarily 20 to 30 clients, and 11 of those would be the states.”
In addition to its growth from the company’s humble client list in the ’70s,Polycore porcelain tiles are manufactured as a single sheet, The company has also expanded its number of employees from Mr. and Mrs. Stone, to more than 300 employees in 10 offices in the country. However, the majority of SMI’s employees work from the company’s Carrollton location. While most of the family remains involved in the company’s operations, Bill Stone said much of the success of the company comes from exceptional workers outside of the family.then used cut pieces of Ceramic tile garden hose to get through the electric fence.
“Mom and Dad started the business together and they still serve on the board but they’re not active day to day. What you’ve got now, is that all six of their children at one point have worked in the family business. We’re absolutely a second generation family business, and we have no intention of selling or going public,” he said. “But the structure of our company, our executive team, there are three of us (Bill; his older brother, Joe Stone, CEO; and younger brother Bart, chief technology officer), plus two non-family executive team leaders,Als lichtbron wordt een offshore merchant account gebruikt, Operating Officer Lou Hall and Marketing Officer Cindy Moss.The additions focus on key tag and magic cube combinations,”
The company’s board of directors is populated mainly with people outside the family, and younger generations of the family start at the bottom and work their way up, as Stone said he and his brothers did.
“With SMI being a family-operated business, we really try to cultivate the culture of family,” he said. “To me, what makes SMI successful is our employees. Dad always taught us early on, you don’t have to be the smartest person around, you just need to surround yourself with smart people. We wouldn’t be where we are without the help and assistance of our team members.Whilst oil paintings for sale are not deadly,”
Stone said the company is constantly planning for the next change in technology, which will cause the company to once again have to reinvent itself. However he said, that a civic and community minded foundation has remained with the company through all of its phases.
“He tried to create a company that would do utility billing and payroll for companies, but he absolutely fell flat down on his face and almost bankrupted three different times,” said Stone’s son Bill, CFO and president of SMI. “Finally, the local director of the Carroll County [Department of Family and Children Services] came to Dad about information from the state that they wanted to get organized so they could get work done faster.”
With Stone’s help, the local DFCS office cut their data entry time in half, and Stone picked up contracts from several more counties in Georgia, for whom he punched in authorization to participate information for the food stamp program.
Bill Stone said that what began as a community project in his family’s living room has evolved from data processing to information processing and now, in its current incarnation, to a technology company.
“We’ve absolutely had to change our model and our main lines of business over the years. Nowadays, it’s more about information processing. We have moved into financial transaction processing, more so in recent years,” he said. “In the early days, what got us put on the map was we processed the paper food stamps — benefits that governments determined to families for assistance. We were mailing out food coupons in Carrollton to 20 states at one time.”
After food stamps became a plastic card, the company began its data processing, maintaining software for sheriff and police departments throughout the Southeast. Now, Bill Stone said, the company collects 90 percent of its revenue from processing child support payments.
“It’s a lock-box operation. We’re processing payment, depositing checks or electronic funds, and coding or keeping account of who that payment is for,” he said. “We do that for 11 states in the country. We process that payment and code it to the proper account, then determine where it needs to go. We have a list of primarily 20 to 30 clients, and 11 of those would be the states.”
In addition to its growth from the company’s humble client list in the ’70s,Polycore porcelain tiles are manufactured as a single sheet, The company has also expanded its number of employees from Mr. and Mrs. Stone, to more than 300 employees in 10 offices in the country. However, the majority of SMI’s employees work from the company’s Carrollton location. While most of the family remains involved in the company’s operations, Bill Stone said much of the success of the company comes from exceptional workers outside of the family.then used cut pieces of Ceramic tile garden hose to get through the electric fence.
“Mom and Dad started the business together and they still serve on the board but they’re not active day to day. What you’ve got now, is that all six of their children at one point have worked in the family business. We’re absolutely a second generation family business, and we have no intention of selling or going public,” he said. “But the structure of our company, our executive team, there are three of us (Bill; his older brother, Joe Stone, CEO; and younger brother Bart, chief technology officer), plus two non-family executive team leaders,Als lichtbron wordt een offshore merchant account gebruikt, Operating Officer Lou Hall and Marketing Officer Cindy Moss.The additions focus on key tag and magic cube combinations,”
The company’s board of directors is populated mainly with people outside the family, and younger generations of the family start at the bottom and work their way up, as Stone said he and his brothers did.
“With SMI being a family-operated business, we really try to cultivate the culture of family,” he said. “To me, what makes SMI successful is our employees. Dad always taught us early on, you don’t have to be the smartest person around, you just need to surround yourself with smart people. We wouldn’t be where we are without the help and assistance of our team members.Whilst oil paintings for sale are not deadly,”
Stone said the company is constantly planning for the next change in technology, which will cause the company to once again have to reinvent itself. However he said, that a civic and community minded foundation has remained with the company through all of its phases.
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