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About Us

Cofficient partners with clients to create: “combined efficiencies” – hence the name - Cofficient.

Combined Efficiencies

Once working together you can expect to immediately reduce administration and bookkeeping time by 50% - 99%.

Then, because we simultaneously serve a number of clients with a single team of specialists, - we’re able to reduce our costs and do a better job than you or your bookkeeper.

This double benefit of “better job” and “less cost” gives you increased time in the business (and money saved).

Our clients typically re-invest this time to grow their business, and we – as a partner - give practical advice on how to implement this.

Our History

Cofficient Pty Limited ("Cofficient") grew out of the e.Commerce Group of companies. A group formed by specialist technology consultants in 1995 to provide advisory and professional services to organisations and individuals in the eCommerce and IT arena.

Cofficient developed into a specialist business administration and accounting service for Small Business operators and contractors (both individuals and company). It was designed specifically to allow smaller business operations to focus on, and grow, their core business activities, whilst leaving the day-to-day business administration to a dedicated Cofficient Account Manager.

Nowadays Cofficient offers even more than a better way for small businesses to do their bookkeeping and administration. We also offer specialist CFO advice, cost reduction consultation, project management and access to our 3rd-party network of quality providers.

Core Values

To be a trusted service delivering tangible value to our clients,
To acknowledge, at all times, the unique and confidential nature of each client’s business.
To work with our clients to grow successful businesses,
To maintain an exemplary level of customer service at all times,
To continuously improve the way we work with our clients, and exceed their expectations,
To avoid business activities that are peripheral and inconsistent with our values and our personal and professional standards,
To encourage initiative amongst staff by giving them responsibility and control over their work,
To reward staff according to their contribution to the business,
To achieve sustained growth by operating with realistic margins,
To continually enhance our reputation, and that of our partners, by being open to new and innovative ideas and technology.

Cofficient Management Team

Ken Lipschitz - Executive Director and CEO

Ken is CEO of Cofficient Pty Ltd. He is involved in the daily operations of Cofficient, and assumes responsibility for the supervision of the accounting function. He was formerly CEO of Electronic Trading Concepts Pty Ltd, providers of consultant, advisory and professional services, recently sold as part of an IPO plan. He is a former director of David Jones and a Group V-P of Household International in Australia and Canada.

David Solomon

David is a Cost Reduction Consultant with Cofficient Pty Ltd. He is involved in the daily operations of Cofficient, and assumes responsibility for the development of cost reduction and business improvement practices in client businesses. In the early 90’s David worked in recruitment and the then emerging outsourced human resources field. He then went into small business consulting for a number of years where he mentored many start up and early stage companies. During this time he has seen many small business issues and successes. David’s experience in people issues, financial turn-around, processes and systems, sales and marketing and capital raising is second to none.

Andrew Ward

Andrew or “Wardy” as he is widely known is a Cost Reduction Consultant with Cofficient Pty Ltd. He fits the stereotype of the “entrepreneur”. An idealist that left university without a degree, he pursued his first “pot-of-gold” and turned it into a “dot bomb”. This event lost him all his meagre savings and with nothing but debts, he went on to found the very successful 3 Minute Angels business in 2002. He now spends his time between Cofficient and his four other ventures, all of which use Cofficient as their outsourced finance and administration back office.

Lawyers

The Cofficient contracts and legal structures have been developed by Deacons. With over 150 partners, special counsel, consultants and directors nationwide, Deacons is Australia's leading Asian and international law firm. http://www.deacons.com.au/

Accountants

For income tax and accounting advice, Cofficient refers to Watkins Coffey Martin, a three partner firm of Chartered Accountants based on the North Shore of Sydney. They also have an office in Tumut, NSW and an affiliated office in Coffs Harbour, NSW.