Success Stories

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  • Accounting Software Helps Town Meet Reporting Requirements
    A New England town with approximately 7,500 residents was using an antiquated and poorly designed accounting system. Among the many issues faced by the finance department, the system would not allow users to reconcile their bank accounts in a timely manner. Simple inquiries such as researching which cash receipts were posted as part of a particular deposit would take hours. As a result, the Town fell almost a year behind in their reconciliations which resulted in substantial delays in their annual audit.
  • BlumShapiro Assists Retail Jewelry Supplier in Selecting Consumer Goods ERP
    A leading jewelry supplier’s collection of poorly integrated applications was limiting their ability to run their business efficiently and adapt to new requirements. Their core homegrown application was old, inflexible, hard to support, had limited features and was not integrated with their accounting application which had also become dated. BlumShapiro was invited to recommend an upgrade path for their accounting application, with the ultimate goal that it could also replace their home grown application. After further review, we determine their current application may not be the best solution for their consumer goods oriented business and recommended a software selection project to find the application that was the best fit.
  • High-tech Manufacturer Invests in Future and Selects New ERP System
    A leading manufacture’s aging ERP software and hardware was no longer being supported. As a result, they risked business interruption in the event of a hardware or software failure. In addition, the software did not provide modern features necessary to support their changing business environment and the needs of their customers and vendors.
  • Distributor Executes New Technology — Processes Exceed Customer Demands and Return on Investment
    A full line distributor of disposable dental and medical supplies to test laboratories and hospitals for 300 leading medical supply manufacturers, and its sister company who manufacturers medical kits, were simultaneously experiencing rapid growth and changing requirements as a result of entering new markets. Their outdated system had become limited and difficult to use.
  • SharePoint Implementation Achieves Greater Capabilities and Accessibility
    A Connecticut college with a rich history was looking to create a website which offered extensive outreach capabilities for key audiences of the college, including alumni, parents and potential new students. To achieve this goal, the current website required a major redesign and installation of interactive capabilities, but a stumbling block arose between the college's IT and communications departments.
  • Master Data Case Study: Legrand North America Manages Enterprise Data
    Like many companies who expand their business horizons through acquisitions and mergers, this eletrical equipment manufacturing company’s master data was fragmented and dispersed, so they turned to Profisee Master Data Maestro for help. Through the use of Microsoft Master Data Services (MDS) as a collective data warehouse and Master Data Maestro's stewardship and workflow capabilities, enterprise data assets were managed quickly and cost-effectively in just six months.
  • Department of Revenue Services Institutes Lean Procedures
    Top management at the Connecticut Department of Revenue Services (DRS) agreed that an upgrade to department procedures using 21st Century "lean" techniques would provide better service to the state’s taxpayers. The agency turned to BlumShapiro, widely known for its expertise in assisting government agencies and private firms to solve workplace efficiency issues and establish lean procedures.
  • National Distributor Saves Time and Improves Performance
    A leading national distributor of organic and natural foods needed to keep a close eye on their frequently changing inventory rates and trends. As expected with perishable products, inventory cannot be on hand for extended periods of time. A constant view of out-of-stock items and replenishment requirements was a necessity. With six principal operating units, 12 warehouses and numerous buyers, a need for better organization and reporting features for inventory control and calculations existed.
  • BlumShapiro Helps City Achieve Certificate of Excellence in Financial Reporting
    A municipality that had recently experienced significant turnover in its financial department found itself in danger of missing an important filing deadline, jeopardizing its Certificate of Excellence in Financial Reporting as designated by the Government Finance Officers Association. This municipality lost its accounting manager, payroll supervisor and one accountant during a span of about six months. Adding to its difficulties, the possibility of losing the Certificate of Excellence due to missed or repeated extensions of reporting deadlines could lower the town's standing in financial circles and impede its ability to make appropriate budgeting decisions.
  • BlumShapiro's Intervention With the IRS Results in Avoidance of Significant Tax Adjustment
    A healthcare company that owns and operates several nursing homes was ordered to seek help in revising its accounting procedures to comply with both Connecticut and IRS regulations. In addition to upgrading its policies and practices, previous accounting issues had been noticed by the IRS with a possible audit pending.
  • Manufacturer Sees 40% Increase in Bottom Line
    BlumShapiro's reputation as the go-to business consultant and accounting firm when problems arise prompted a recent visit from the owner of an industrial cleansing machine manufacturer with 20 employees and product contracts that typically price out in the $150,000 to $2.5 million range. The owner had been approached with a proposed set of inter-related contracts that would total more than $20 million, a near recession-proof offering that would ensure work for the foreseeable future. In addition, the contracts had no set delivery dates, meaning his workforce can attend to more immediate contracts as they arise, and work on orders with less rigid delivery deadlines during slower periods.
  • BlumShapiro Helps College Meet Deadlines, Avoid Penalties & Fees
    A highly respected mid-sized institution of higher education with approximately 200 employees was required by new federal regulations to conduct an extensive audit of its retirement program, which dictates that the college enroll all full-time employees who reach one year of service. The college had attempted to comply with the plan provisions by distributing enrollment forms to all eligible employees and completing the enrollment process as the forms were returned. But early into the audit it was revealed that about 20 percent of the eligible employees had not returned enrollment forms, and thus were not participating in the plan.
  • Business Enterprise Review Finds Efficiencies and Ways to Improve Cash Flow
    A highly successful, regional distributor of office break room supplies was embarking on an expansion of their business model, including the addition of new product line offerings. The anticipated growth was expected to result in a rapidly changing business environment and included the task of adding approximately 40,000 additional SKU product codes to their current system, as well as altering their current sales, supply chain and delivery processes.
  • BlumShapiro Helps Auto Dealer Find Innovative Financing Solution
    An automobile dealership wanted to refinance its $4 million mortgage but, after experiencing a challenging year in 2009, many banks were unwilling to provide dealerships in such a risky business with conventional mortgages. In addition, preliminary checks with the Small Business Administration had not proved promising.
  • Changes to Bidding Structure Makes Jobs More Profitable
    A Connecticut contractor was losing bids, and losing money on those bids he secured, due to a bidding format that did not adequately account for all costs incurred in running his business. The bidding format used by the contractor took into account the direct costs of each job, such as materials and labor, but often ignored or underreported indirect costs such as insurance, fuel and repairs.
  • Technology Solution Cuts Risks for Global Ad Agency
    A worldwide advertising agency with billions in annual income found itself unable to respond to daily fluctuations in global markets – including those that directly affected its clients – because accounts receivable and payments data were transmitted in varying formats that took days to reconcile.
  • Heating Fuel Supplier — Cuts Costs, Increases Profits and Strengthens Their Competitive Advantage
    A leading family owned and highly reputable dealer of propane in southwestern Connecticut was coming off of one of their strongest and most successful years of operation. Unfortunately, their continued success and growth objectives were at risk due to an outdated software system.
 

Advisors | Auditors | Consultants | CPAs - Blum Shapiro is one of the premier public accounting firms in the northeast and a Top 100 CPA Firm in the U.S. Our professionals serve businesses, individuals and organizations in Boston (MA), Hartford (CT), Providence (RI), Shelton (CT) and Quincy (MA) with audit, tax and business consulting services. Our firm has developed practice areas in automotive, construction, education, government, healthcare, hospitality, manufacturing, nonprofit organizations and professional service firms. New Haven CT, Fairfield CT,  Norwalk CT, Waterbury CT. 

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