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...Posts Tagged ‘Project accounting software’
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 [...]
continue reading...Staffing Agency Manages Finances with Just One Person Using Microsoft Dynamics GP with Project Accounting
A client of ours is a staffing agency that manages 600-700 employees and can do so with an accounting department of just one person using Microsoft Dynamics GP. Even though their company also experiences high turnover and can add up to 50 employees a week while sometimes losing just as many, they can keep up [...]
continue reading...Dynamics SL 2011 Makes a Splash; Attend a Launch Event to See How Big!
No sense spouting all the marketing gobbledygook. Might as well cut to the chase. What do users think of the three-years-in-the-making release of Dynamics SL 2011? “It’s a big hit!” “The multi-company. The ability to switch [without having to close existing screens] is a huge time saver for us.” “A couple of our users tried [...]
continue reading...Compare Project Accounting Solutions for Microsoft Dynamics GP – Which is Right for You?
There are a variety of options for tracking project related costs in Microsoft Dynamics GP. Here are some of the common business scenarios that might require a project accounting solution: Tracking capital expenditure projects / construction projects R&D projects IT Projects Training expenses Marketing expenses / Events Here are some of the project accounting solution [...]
continue reading...Microsoft Dynamics GP Project Accounting vs. Encore Project Tracking
For companies using Microsoft Dynamics GP as their ERP system, who are interested in keeping track of financial information as it relates to projects, the first and most obvious choice is to simply use the Dynamics GP Project Accounting Module which is standard built-in functionality. However, one should be aware that there are other choices [...]
continue reading...Why Project Structure is More Important Than You Think When Evaluating a Project Accounting Solution
When researching project accounting solutions, an important aspect to consider is project flexibility. You are normally wary when you hear the word flexibility as it is usually followed by many hours of customization but when it comes to project management, it is important that there is this flexibility in order for projects to be updated [...]
continue reading...Project Cost Accounting Software Integration in Microsoft Dynamics SL Makes (Practically) All Things Possible.
How many times a day do you hear “you can’t do that” or “that’s impossible?” Well, what if you had a project cost accounting software solution that makes all things possible? Yeah, I know…that sounds too good to be true and it’s hyperbole. But think about this: The enhancements of integrated ERP software modules in [...]
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