Case Studies > Velosio and Microsoft Dynamics GP are Leading Brands for LPK

Velosio and Microsoft Dynamics GP are Leading Brands for LPK

Company Size
200-1,000
Region
  • America
Country
  • United States
Product
  • Microsoft Dynamics GP
  • Sage MAS 500 ERP
  • Epicor
Tech Stack
  • Microsoft Dynamics GP
  • ACH (Automated Clearing House)
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Customer Satisfaction
  • Digital Expertise
  • Productivity Improvements
Technology Category
  • Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
  • Professional Service
Applicable Functions
  • Business Operation
  • Quality Assurance
Use Cases
  • Remote Collaboration
Services
  • Software Design & Engineering Services
  • System Integration
About The Customer
LPK is an international design agency specializing in building leadership brands that stand out in consumers’ minds. The company is known for its work with high-profile brands like IBM, Pampers, Hallmark, and Pringles. Headquartered in Cincinnati, Ohio, LPK operates in five multinational locations and employs over 300 people. The agency's success is driven by its focus on collaboration, innovation, and teamwork. LPK's expertise lies in creating instantly recognizable brands through packaging, imagery, colors, symbols, and words.
The Challenge
LPK was outgrowing its industry-specific software, which lacked systematic controls and sophisticated tools for reporting and analysis. The existing software performed well in many aspects but was inadequate in terms of reporting and analysis tools. Additionally, support for the system was available from only one source, which limited LPK's ability to get timely assistance and updates. The company needed a more robust and scalable solution to handle its growing needs, especially in terms of project management and financial reporting.
The Solution
LPK chose Microsoft Dynamics GP, strategically planned and implemented by Velosio, to replace its outdated software. Velosio conducted a full business process review to understand LPK's various business processes and accounting methods. This review also allowed LPK to reassess its own processes and adopt new methods to maximize the benefits of the new software. Velosio implemented an integrated solution utilizing the Project Management component of Microsoft Dynamics GP. They designed and wrote scripts to automate the creation and posting of routine intercompany transactions. Additionally, Velosio worked with another LPK vendor to integrate the company's time and expense tracking software with Dynamics GP and implemented an electronic payment system for employee expenses using ACH.
Operational Impact
  • Integration with time tracking application software ensures projects are updated with current, accurate cost details.
  • Powerful reporting tools deliver timely data needed to make strategic business decisions.
  • Automated creation and posting of routine intercompany transactions streamline financial operations.
  • Improved reporting capabilities allow for weekly or even daily business reports, enhancing decision-making processes.
  • Enhanced project reporting has elevated LPK's revenue recognition process, allowing for more accurate financial measurements.

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