In the context of project-based work, capacity describes the maximum amount of work you can take on and complete within a specific time-frame. Capacity planning is used to determine whether you have the resources and skills available to do said work. In other words, it’s about looking ahead to ensure that your firm has the…
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Once a software firm reaches a certain size, teams start to notice that everything that needs to be done in order to get to work is, well, a lot of work. Operations can feel like a black hole of productivity and cash, taking all of your margin. Without an accurate picture of cost, revenue, and…
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It’s time to take the next step in your digital journey. Long-term support for Dynamics 2012 ends in 2021. Meanwhile, the added security, flexibility and performance of Dynamics 365 Finance has created a new standard in ERP. While most Dynamics AX clients have made the leap to cloud with Dynamics 365 Finance already, many have…
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The ever-present need with any project-based organization is the need to track costs. Small and mid-sized professional services companies aren’t an exception. The constant struggle with managing inventory is a balancing act between having too much inventory and having too little. But that also isn’t the complete picture. Many SMBs lack an efficient inventory management system,…
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Has the pandemic shrunk your billable hours, or put a ceiling on revenue growth? You’re not alone. The professional IT services industry is facing technological change, stiff competitors, price-conscious buyers, and a shrinking talent pool. So it’s key to seize new opportunities when the outlook makes sense. Velosio just posted an e-book explaining why small-to-midsized…
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Small and mid-sized development firms have a unique set of challenges for building, testing and releasing software internally. Specifically, these companies want to capture the time spent on various aspects of the software development cycle within their project-based accounting software. As a project-driven activity, software development requires tracking costs and employee time for each project.…
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How much of your system integration revenue comes from small- to mid-sized businesses? If it’s less than a third, you may be missing out on a lucrative, relatively underserved market. Let’s examine why. First, recognize some key facts about SMBs. They are innovators. They are the wellspring of America’s patents. And they employ about half…
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If you provide specialized people skills to clients as the main source of revenue for your organization, you are considered a professional services firm. There are many different businesses in this space, including software implementation partners, software publishers, system integrators, management consulting firms, accounting firms, marketing agencies, and the list goes on. Key Challenges /…
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Velosio is again honored by Microsoft for achieving outstanding sales achievement and innovation. COLUMBUS, OH — July 31, 2019 — Velosio, a technology partner specializing in business management solutions for small and medium-sized companies and larger enterprises, has achieved the prestigious 2019/2020 Inner Circle for Microsoft Business Applications. Membership in this elite group is based…
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Professional services and project-based business rely on efficient project management for success — spanning across all areas of their business and business systems. To minimize time spent on non-billable tasks, firms are moving from on-premises to cloud-based ERP systems. Here’s the top six reasons why we’re seeing project driven firms make the switch: Automation Increased…
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