While the Professional Services Industry is extremely diverse, it's safe to say most service-oriented firms have a few common needs, like a flexible and comprehensive financial management system. For some Professional Service industries, business requirements can change from project to project.
Your organization needs a firm grasp on project management, contract management and accounting processes to remain competitive. Maximizing the bottom line is challenging, if not impossible, without a system in place to streamline, measure, and reduce the cost of doing business.
In , the traditional approach to financial oversight and project management can be heavily siloed. Numerous project management teams work on unique projects, creating complex billing and accounting processes that are better managed when the entire operation flows within one solution. Separate teams often use their own methods - e.g., time tracking, Excel sheet formats, etc. - to handle individual tasks, creating extra steps for data re-entry and room for reporting errors. These all lead to costs that can subtly add up.
Let's look at why PSOs are turning to agile and intelligent ERP solutions like Microsoft Dynamics to exceed today's customer expectations and drive greater profitability.
The ERP Difference in Professional Services Industries: An Automated and Sustainable Solution
1. Tightly integrated business processes across applications
Office 365 and the rest of the Microsoft stack are already staples at many PSOs, which makes Dynamics a smart choice for ERP. With seamless integration to other Microsoft technologies, and the ability to run on your servers or , Dynamics gets you up-and-running on your new ERP solution without expensive investments in hardware and minimal employee retraining.
2. Easy management of people, projects and profits
PSOs must ensure accurate billing, provide excellent customer service and properly allocate their resources. Microsoft Dynamics streamlines these tasks within a single, comprehensive financial management solution. Details about specific clients, projects and budgets are easily pulled, monitored and reported on. Role-based views allow for timely generation of invoices and other deliverables that contribute to predictable, low-risk financial processes, while customer trends and resource utilization rates are highly visible.
3. Flexibility to suit your particular organization
No two PSOs are the same. Perhaps you work with sensitive data that needs to be managed on-premise. Alternatively, maybe you are keen to reduce your IT overhead burden and shift your ERP solution to the cloud. Either way, Dynamics offers you full . Furthermore, as a comprehensive we can simplify your IT costs and consolidate all your Microsoft cloud needs into one monthly bill.
Please feel free to with any questions you may have about Microsoft Dynamics for your organization.
Upgrading from basic accounting software to ERP? Download the eBook:
By Turnkey Technologies, Inc. - Microsoft Gold Certified Dynamics ERP and Dynamics CRM Partner of Missouri, Illinois, Oklahoma and North Texas.
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