Too often, companies ready to migrate to a new ERP accounting solution focus so much on searching for the right product at a price that fits their budget, that they overlook how crucial it is to find the right implementing partner. They get so mired in the details of software functionality and upfront costs they [...]
continue reading...Posts Tagged ‘Project accounting software’
Engineering Firm Improves Profitability by Aligning Project Management and Accounting
“We can provide information to our executives, marketing group, and project managers that we were unable to before… This reporting toolset will help us grow as the economy recovers.”- Marcy McCoy, Controller, MacKay & Sposito
After the implementation of Microsoft Dynamics SL, the company came to rely on its financial and project management capabilities to help align its business management, accounting, and operational functions. As a result, MacKay & Sposito's executives can measure performance in specific segments of the business and redirect business development efforts to ensure that the company meets its goals...
continue reading...5 Guides to Help You Manage and Grow Your Project-driven Business
Don't miss the wealth of wisdom in this 5 Guides Resource Kit from Nuclear Research and Microsoft. Whether you're researching ways to improve your project accounting and government compliance or searching for a new system, the 5 Guides in this kit put you on a proven path. 1 - Independent Guide on Microsoft Financial Management [...]
continue reading...7 Secrets of Healthy Project-driven Companies
Over 1,100 people have learned the 7 Secrets. Have you? The 7 Secrets e-book divulges keys to mitigate project risks, maximize profit margins, exploit software and technology tools, and avoid the irritating scenarios typically found within project-centric companies. Learn and apply the 7 Secrets to your organization: 7 Secrets the Healthiest Project-driven Organizations Know That [...]
continue reading...Simplify Your Project Accounting Setup and Reporting in Microsoft Dynamics GP
If you are like many businesses you are tracking your projects in either a disparate system or within your chart of accounts. Neither one of these options is ideal. If you are entering project transactions in another system then your data entry tasks are doubled due to the fact that each purchase order, payables invoice, [...]
continue reading...4 Game Changers for Project-based Companies
When coming in on budget is vital to survival, companies need a tried-and-true project accounting software system. One such company, The Production Network (TPN), had to solve their scattered-data problem and ensure they were making budget on their myriad projects. With a GL system in one place, a timesheet system in another, and a gazillion [...]
continue reading...Why Should You Track Inter-Departmental Profitability?
As activities are becoming increasingly complex, it is becoming more important to not just follow and evaluate the results of the organization’s profitability, but to go deeper into each individual department's profitability as well. The trend is lending itself to the idea that organizations are becoming more specialized and therefore the results of these individualized departments are [...]
continue reading...Should You Manage Employee Performance Based on Profitability or Productivity?
With a sophisticated ERP solution like Microsoft Dynamics GP, you have easy access to metrics, KPIs, and ROIs that are tailored to track your organization’s goals. Recently, we are seeing a trend in the Professional Service industry of companies now wanting to now include per person profitability to their metrics. In order to do this, you must [...]
continue reading...The Key to Growth and Efficiency: Well Deployed ERP Software
The Aberdeen Group surveyed companies about implementing ERP software with these findings: Sixty eight percent of companies with no ERP system rely on spreadsheets. The top reasons for not implementing an ERP system were (1) the effort to implement and (2) the cost of software and services. Automating manual tasks was the top reason for [...]
continue reading...Bridging the Gap Between Project Management and Accounting
Having access to the right information at the right time when analyzing, planning, and managing data is important. One must be able to have an overall view of an organization as well as a detailed view by department. Regardless of your role, everyone must agree on one thing; effectively managing a project and efficiently planning [...]
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