EVOLVE LOGIC

THROUGH 12 years of experience Brisbane company Logiro has developed a software adjustment program that could save financial planners more than two salaries every year.

The Newstead-based practice is led by Stephen and Lyn Bell, who claim that most financial planners that use the task-automation software Xplan, don’t use it to its full potential.

“With our software Evolve Logic, we’ve customised it to the point where financial planners have approached us asking if they could use it,” says Stephen.

“We’re Australia-wide already. We’ve got clients from Brisbane through to Perth and Tasmania as well, plus we plan to move into New Zealand as well. Xplan is planning to go to Asia, so we’re already resourcing up for that move.”

Lyn says the time spent on developing the product equates to between $80,000 and $90,000, not including five years of experience dealing with the program and making changes along the way.

“It costs $600 a month – when we look at the efficiencies saved it comes to about two or three salaries a year, about $100,000 to $120,000 a year,” she says.

“But that doesn’t mean you have to go out and sack workers, it’s just to boost the capacity of the business to take on more clients and give a higher level of service.”

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Four ways businesses can use artificial intelligence to triumph in 2022
Partner Content
The last two years have delivered major disruption to the technology industry and broad...
PROS
Advertisement

Related Stories

Aussie Broadband launches $344m bid for Over The Wire

Aussie Broadband launches $344m bid for Over The Wire

One of Brisbane’s Top Companies Over The Wire (ASX: OTW) has ...

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths takes on Wesfarmers in bid for Priceline with $872m offer

Woolworths Group (ASX: WOW) has today thrown its hat in the ring to...

Shopping Centres Australasia launches $750m metro convenience retail JV with GIC

Shopping Centres Australasia launches $750m metro convenience retail JV with GIC

After making its fortunes with suburban malls anchored by blue-chip...

Brisbane Top Companies revealed

Brisbane Top Companies revealed

Brisbane’s top companies have been a hotbed of growth in 2021...