Lester Franks is a spatial engineering firm. They are problem solvers;
combining expertise across engineering, survey and information technology disciplines.
” We switched to Synectic due to their ability to provide the high level financial and business advice we sought and their confidence in the cloud accounting space. With their regular input, improved monitoring and accountability we know the important issues are being addressed and we have more focus on what we need to do to drive financial performance.”
Malcolm Lester (Managing Director, Lester Franks Survey & Geographic Pty Ltd) www.lesterfranks.com.au
THE LESTER FRANKS STORY
When Lester Franks approached us they were looking for higher level accounting and business improvement advice, to reduce IT costs and to gain efficiencies.
We address not only their compliance and technical service needs, but add value to the work of their internal accountant by providing management accounting and commercial advice. We provide a Board Advisory Service, delivering many of the business-improvement benefits of a Chief Financial Officer (CFO) without the significant cost of employing a full time CFO. Our director, Gareth Atkins, regularly attends their board meetings to provide practical advice and an outsider’s perspective to the whole board.
Our fixed fee arrangement provides Lester Franks with cashflow certainty and cost savings with the outsourcing of many of their accounting functions.
With offices in four states Lester Franks were motivated to move to cloud accounting software and had Xero in mind. After undertaking due diligence to make sure they would have the best accounting system to fit their needs, we assisted with their conversion and provided staff training so they could jump right in. We continue to support staff to get the best from the software.
The transition to cloud accounting has significantly reduced Lester Franks’ costs and has provided noticeable efficiencies. Xero payroll has simplified their pay-run by allowing them to process all their offices at the same time. We are also able to prepare a monthly management report using a Xero add-on, Spotlight Reporting, enabling us to provide meaningful, real-time advice to the Lester Franks board.
Kurtis Alexander (Client Manager, Synectic)