Do you struggle to track project profitability? Is the prospect or the practice of complying with federal or state government contracts a heavy burden? Complex project management and/or strict government compliance shouldn’t bar you from effectively accounting for projects and making a profit. To effectively account for costs and revenues on projects and/or contracts, it’s critical [...]
continue reading...Dynamics ERP for Professional Services
Study Suggests Younger Execs Would Rather Quit Than Work With Complicated ERP Software
In all of your job interviews, how often has a question about your proficiency at working with enterprise resource planning (ERP) software come up? Chances are, it never has, and that should not be surprising. ERP software is supposed to make things easier for the employees, not require them to get extra degrees just to [...]
continue reading...Signs That You Have Outgrown Analytical Accounting
Analytical Accounting within Microsoft Dynamics GP has its place; it’s great for smaller organizations or for companies who have a limited number of projects and whose needs are restricted to having a general idea of their different projects costs. Others organizations will use a hybrid of Analytical Accounting with some detailed account segments to define [...]
continue reading...Microsoft Dynamics SL and the 4 Stages of Project Management
For the project-driven company, the details of each job are unique. However, the methodology to approaching each project remains consistent. There are several prescriptive and essential steps a project-based company must follow when planning for and completing a project. Microsoft Dynamics SL, with its robust, flexible solution built for project-based companies, can improve your business’s [...]
continue reading...6 Requirements for Government Contract Accounting and How Dynamics SL Meets Them
Are you performing or considering federal government contracting? Then you need to know these government contract accounting requirements and how your accounting software and supporting partner can help you fulfill them. Pursuing government contracts can be a huge boost for any project-centric company. But unless you’re well prepared, it also can be an enormous headache [...]
continue reading...3 Questions To Ask Now Before You Buy Microsoft Dynamics GP to Prepare for a Smooth Upgrade Later
When you buy an ERP/accounting software product you should expect to have it for at least the next 10 years. But in that time you will have to regularly update and upgrade the system to keep it running efficiently. So when you interview potential Microsoft Dynamics GP partners, make sure you understand what life will [...]
continue reading...Increase Cash Flow with Flexible Billing Provided by Microsoft Dynamics SL
There’s nothing particularly buzz-worthy about billing cycles. They neither headline business periodicals nor spur exciting water-cooler discussions. But a slow billing cycle ties up company money in a web of unpredictable the-job-was-completed-but-payment-hasn’t-been-received waiting. But, it doesn’t have to be that way. Because billing cycles have a direct, measurable effect on a company’s cash flow and [...]
continue reading...Connecticut Professional Services Company Finds the Right Microsoft Dynamics GP Software Partner to Handle Complex Project Requirements
Women’s Health USA is a large managed services organization in Avon, Connecticut that provides professional services to doctors’ offices. Their success depends largely on the strength of their back office software systems that support these services. Their ERP system manages 25 users and 18 separate companies with complex intercompany relationships, allocations, and cost sharing needs. [...]
continue reading...Materially Speaking About Time
The elusive billable hours and the hours that the customer will challenge are siblings. The hours you don’t bill, and the hours the client won’t pay for, are the twins that reduce your utilization rate and keep your profits low. Let’s tackle the second one for just a sec. When it comes to “Time and [...]
continue reading...Tear Down Department Walls With Microsoft Dynamics SL’s Integration Capabilities
If you often hear “we can’t do that” or “that’s impossible in our current environment”, you are not alone. Many businesses face the challenge of dispersing information across department lines and without the proper infrastructure and systems in place, the above becomes true. Well what if you had a solution that could break down those [...]
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