LOGICON CAN AUTOMATE 90% OF YOUR ACCOUNTING PROCESSES



“There’s no business like show business, but there are several businesses like accounting.”

– David Letterman


The business owners, accountants and CFO’s who approach us are busy. Very busy. They don’t have time to ‘bring someone up to speed’.   They want someone who knows their business, understands their accounting challenges and can provide solutions and advice that work and generate good returns on their investment.

That’s where we come in.  It’s also the reason why our clients thank us. We help organizations fix their accounting technology, processes and people so time and efforts can be focused on what’s important to them.  We also help our clients leverage their data in their various systems so they can make better decisions and lower their risks.

Logicon Solutions takes pride in being a accounting and advisory firm made up of professional accountants, developers, accounting specialists, and business advisors who help organizations implement the ‘art and science of better’. Our team has hundreds of years of experience and knowledge to help you solve your back office problems so you can focus on growing your business and serving your clients..


Better accounting, better processes, better decisions and happier people.


TRANSFORM YOUR ACCOUNTING. GET STARTED NOW.

Download our white paper “10 Best Practices for Accounting Processes”, with concrete action step that have realized savings and improved efficiency for organizations just like yours.

Logicon Solutions provided us with key advice and resources to ensure the successful upgrade of our accounting systems and ensure the productivity improvement of our accounting services. We close our books in 2 days and we have accurate accounting information so the team can focus on other projects and other requests from the business.
Steve D, CFO, Healthcare Organization

OUR LATEST ACCOUNTING & AUTOMATION INSIGHTS

Stand out from the rest! Improving your processes. Here are 3 reasons why…

Most business leaders and owners today have a lot of issues to deal with.  Unfortunately, ‘fight fires’ and dealing with day to day issues doesn’t allow enough time to spend on a key part of any business: Business Process Management. As it is in life, setting up and improving on processes can make life less stressful and allow us to focus on other important areas.  For instance, you most likely have a morning routine, before bed routine, cleaning routine and so forth.  These routines are actually based in processes and in business, process management is just as important to allow you to make your business the best it can be. Toyota has proven this in the automotive industry, Google has as well as a search engine dominator and McDonald’s is incomparable in its fast food restaurant processes.  Process creation and management is crucial for any business and business model. Here are 3 reasons why as a business owner you need to create superior processes: #1: Industries and Business Models are changing and getting more complicated Industries are rapidly changing, from rapid growth to rapid decline.  These forces in conjunction with the disruptive technologies such as cloud computing, process automation, big data and mobile computing has only driven up the importance of companies needing to focus on business process management. The energy industry, for instance, is making a shift from a hierarchical “cathedral” fossil-based model to a decentralised, locally produced, locally consumed and sustainable model. Facing stringent competition and miniscule margins, agriculture needs to evolve from being a single link in the industrial food product and distribution chain to becoming...

Does your Accounting Operation need improvement? 6 questions to help you find out…

The pace of business continues to speed up in the age of the connected economy.  Businesses are constantly challenged to come up with more efficient and productive ways of operating to stay competitive and profitable.    One area that can help you make better decisions is accounting.  However, this can be one critical area that business owners are often reluctant to touch.  With today’s technology, it can offer the best ROI in terms of reducing transaction costs and helping you get better information to make better decisions  (Accenture, Deloitte also confirm this). Here is how to determine if your accounting has room for improvement: Is the total cost of your transactional accounting function less than 2.5% of revenues? Do you have a completed set of financials and variance analysis completed by the second work day every month? Do you have key accounts (banks, credit cards, vendor and customer accounts) reconciled by the fifth work day? Can you get real-time reports of how much you are spending by vendor and services compared to expectations/budgets? Do you have real-time cash reporting and a rolling 16 weeks forecast of cash and revenue? Do you have real-time reports on your inventory turns and sell through by product? If you have answered NO to even one of these questions then you need to look at improving your accounting practices. Logicon Solutions has helped business owners transform their finance and accounting teams into a cash flow generating, business building, decision support powerhouse.  Exciting? Yes! We can show you how improving your accounting will consistently help you make better decisions for your company. Schedule a free...

Best in Class Accounting for your Business…Yes you can.

Accounting Automation, Accounting Data, Expense Automation, Payables Automation, Task automation …With today’s economic climate and fierce competition, companies must ensure their accounting operations are competitive in terms of efficiency, effectiveness and productivity. A recent article by APQC highlights some interesting ratios on what it costs to run the best of class accounting operations in the world today.  Sounds expensive? It may come as a surprise to know that best of class accounting operations cost only 0.4% per $1000 per revenue. Another study by CIMA revealed that best in class accounting operations are between 0.6% and 0.7% of total Revenue. The biggest change in the last 5 years has been that the cost of technology to achieve those savings is as low as a few dollars per day as opposed to hundreds of dollars per day in the past.  With new available technology we are now integrating for our clients and we are seeing accounting costs tumble for some small and mid-sized companies by as much as 30% to 60% in some cases! Want to find out the true cost of taking advantage of new accounting technologies? Want to find out the true cost if you don’t? Schedule a free Strategy Session with Gerry Anderson, President of Logicon Solutions to review the options available to improve your accounting processes and Increase your Profitability! You provide a quick review of your challenges and we provide you with information on how you can overcome these challenges based on proven systems that work. We will look at how you can implement the fixes and your next steps to immediately improve your cash flow and reduce your accounting costs.   Gerry Anderson,...

Not sure where to begin improving your processes and accounting?

Schedule a no-obligation Productivity Analysis and let our team of experts provide you with the concrete action steps to become more efficient.

RESULTS WE DELIVER

Many of our projects have raised productivity by 200% or more, while dropping costs by 75% of more. Examples of results we have generated recently include:


  • Created and implemented a automation utility that eliminated 6 hours of data entry every two weeks from a external payroll system into the internal accounting system.

  • Created a process automation solution to automatically read data from a legacy production system that spit out a massive spreadsheet of data and converted it into a database that generates instant reports, charts and data inputs into other systems.

  • Created a new automated expense management process that cut expense processing from 10 days to 2 hours per month.

  • Created an automated utility that reduced 4.5 hours of data entry to 10 minutes PER DAY, freeing up 50% of one resource to focus on cash management and forecasting.
  • Redesigned and automated an accounts payable process, cutting processing times from 3 days a week to 2 hours a week.
  • Setup a private cloud for a client’s entire accounting system, eliminating all hardware costs while allowing access from anywhere in the world. Their accounting is now done for free.

  • Created a new reporting system to reduce report generation from 1 day to 10 minutes, freeing up an analyst’s time to focus on decision support and forecasting.

  • Redesigned the month end close process to reduce the close from 10 days to 2 days, freeing up resources to create new cost-to-serve models.

  • Designed and implemented a new data centre for a client, cutting hardware costs by 75% while improving reliability to 99.999%.

  • Created a virtual network to allow airline planners to plan plane capacities by leg and determine capital requirements for the next 5 to 10 years.

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