| Are Your Projects Profitable? |
| 10/25/2012 |
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| Project-oriented and services based organizations have faced similar versions of the same issues for the past 20 years. Managing cash flow, resource allocation and project profitability are amongst the most important. You need to monitor the progress of projects from a financial position. It is also critical to estimate the performance of the company in relation to expenses and revenue.
We often hear from prospective clients – “our project system doesn’t talk to our accounting system.” This common issue causes professional services firms both small and large other headaches including duplicate data entry, disparate financial reports and inaccurate view of profitability. |
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| Managing Cash Flow Without the Headaches! |
| 10/3/2012 |
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For many businesses these days, cash is king. Finding ways to manage cash flow and remain profitable in a volatile economy is critical for professional services firms.
Over the years, we’ve seen many of our project-oriented clients face headaches by cobbling together a patchwork of spreadsheets, manual processes and disjointed systems to try and manage cash flow effectively. These firms hit a breaking point (usually after Excel crashes countless times) and realize the business critical need to implement a business/accounting technology solution. Professional services technology solutions help drive operational improvements, eliminate budget surprises, and allows you to confidently report results to your stakeholders.
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