Professional service firms should alert as they have a lot of moving parts when it comes to managing their projects and client contracts. Having this information in different systems it makes it hard to follow the project in real time as well as to manage costs and revenue so that you can have a better idea of your profitability.
Integrating project management and accounting tools into one system will help you reduce the number of manual tasks and in turn will assist in accelerating the billing process. With access to project status and reports in real time, it will be easier to modify and adjust project activities before it is too late.
Check out this infographic to see other reasons why professional service firms should use an integrated ERP solution to manage their projects.
By, JOVACO Solutions, an ISV for a project accounting solution fully integrated to Dynamics GP,