Documenting the work your company produces is a constant, as are the taxes associated with it, but what is your company doing to minimize this fixed cost, and reduce the annual hours these activities consume?
Laganella Consulting Group offers a full line of services designed to reduce the cost of accounting related business functions by 40-60% through the use of leveraged teams, and improved process efficiencies. Rather than managing task assignments of individual employees, our client’s strictly focus on the work product a leveraged team produces. It enables small and mid-cap firms to recognize the cost benefits of economies of scale without having to carry an accounting staff of dozens, or hundreds of personnel.
Proven Techniques That Ensure Success
- End Result Backwards : First we identify the final product produced and average transaction volume throughout the defined cycles. We identify peaks, troughs, and what triggers them, so they are factored into the final process.
- Process Analysis :
The process that produces the output is scrutinized. Everything from the tools that are used to the number of steps required to produce the final work product is factored.
To protect against “garbage in is garbage out” the process is optimized to maximize the efficiency, and therefore productivity of the team that will perform the work.
- Define Key Performance Indicators (KPI's) : Critical path items are isolated, and minimum performance metrics are set, and used to measure the output of the team.
- Transition :
Transition begins with a free trial period to give clients confidence that the new process is working.
- Continuous Improvement : Team members bring suggestions to clients for additional tweaks that can increase the output of process.
Case Study: Insurance Industry
Problem: A mid-cap insurance company had a 50% drop in transaction volume the first two weeks of the month compared to the second. This required “special projects” to be assigned to personnel to keep them busy during non-peak times
Solution: Transitioned to leveraged team approach over a four week period reducing internal headcount by 50%, and reducing accounting expenses at a net cost savings of 75%.