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.

The CRM/Accounting integration tool has been incredibly helpful, and I want to thank you and the Logicon team again for all of your hard work.
Nick P, CFO, Manufacturing Company

OUR LATEST ACCOUNTING & AUTOMATION INSIGHTS

5 Signs Your Bookkeeping Is Failing You and What You Can Do About It.

  Business owners don’t really think about accounting processes.  So long as the cash is flowing, they think everything must be OK.  Unfortunately, they often don’t recognizing the signs that accounting is not running well at all.    Here are a few key indicators that should raise red flags for a business owner:   Inflated External Accounting Bills Your external accountant should not have to redo your books or be asking for a lot of invoices and receipts at tax time or year end.  If you find your external CPA firm or accountant is suddenly charging higher rates you need to take a closer look at billing details. If you find work that should have been done in advance by your bookkeeper then it is a sure sign your bookkeeper is not completing the work assigned before submitting it to the CPA. The rule of thumb is that firms requiring external reporting should pay no more than $1,000 per million dollars in revenue.  More than that and it’s an indication something is wrong in accounting.   You are getting No or Poor variance analysis and discussion on the financial results of your business by the 5th day of the month Every month, you should have a complete package providing you with a comprehensive set of financial reports plus key performance indicators and a list of expenses or revenue numbers that are outside of expectations.  If you don’t receive this information by work day 4 at the latest, you can bet that there is a lot of room for improvement here.   You see unallocated or miscellaneous transactions lined up in...

Cloud Based Accounting – Why you need it. Now.

The internet has changed the face of business today and is continually redefining the landscape. Traditionally, a user’s desktop computer (called a client) or server was fully contained with hardware and software. This means that accessing data and programs was done exclusively within client server structure.With today’s rise of the internet and ever-present devices such as tablets and smartphones, the new approach is Cloud Computing and previously unattainable benefits are now at your fingertips. Cloud based systems allow the access of data and programs outside of one’s own computing environment. Applications, databases, email and file services are stored in ‘the cloud’ instead of internal storage in PCs. Although the original attraction of the ‘the cloud’ is safe data storage, unaffected by crashes, disasters and “oops” moments, there are many other benefits of the cloud: No need to start over The idea of moving operations to cloud computing is daunting for most businesses that rely on traditional methods of computing. This poses a significant hurdle while switching from the existing hardware and software on the PC to a cloud application. In reality, cloud services offer a seamless transition. Meaning, small businesses that don’t have the time to reformat and update years’ worth of files can switch to cloud services very easily. Features like integration of data from current office software and web apps help a business to be on the same page without making a fresh start on cloud. That’s great news! Sharing, collaborating and document control Cloud storage revolutionizes the internal communications of many small businesses. In the absence of cloud computing, employees have to send files back and...

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.

This site is protected by Comment SPAM Wiper.