Get Your Distribution Facility Fully Functional

Operating a distribution facility with success, whatever the size, presents its own unique set of supply chain dilemmas and inefficiencies to overcome. Effectively managing your inventory, ensuring accurate data transmissions, and providing advanced customer service are just some of the distribution challenges faced by companies today, that when vanquished, contribute to increased productivity and higher…
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Forecasting Cash Flow for Construction Companies: Are You Ready to Take Control?

Construction industry professionals, project managers, administrators, and coordinators face daily challenges when managing multiple contracts. Billing requirements, vendor compliance, payroll approval, and accounts receivable must all be arranged, and organized to generate positive cash flow procedures, however, the successful accomplishment of these tasks generally requires hours of data entry and processing to transfer the correct…
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Credible Estimates are the Foundation for Maximizing Project Profitability

In the highly competitive construction industry, precise financial information is required for accurate bid proposals, not only in the cost of materials and sub-contractor contracts, but also in labor forecasts. Knowing and anticipating the project’s expenses correctly provides a definitive advantage when competing for a contract, particularly on lengthy or large jobs where small discrepancies…
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Estimating and Budgeting Accurately in the Professional Services Industry

An estimate involves a variety of dynamic factors that make it difficult for a professional service individual or company to accurately estimate the amount of time and effort that must go toward a project. Since each project is unique, there is not a one-size-fits-all estimating and budgeting formula. Instead, project managers and professional service representatives…
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Homebuilders: Hire Your Website to Your Sales Team!

Reaching out and connecting with new customers is a crucial task for any business. Even more so for homebuilders, where the competition is thick and fierce, and more often than not, contractors are viewed with wary caution by customers, who have perhaps, been disappointed before with poor workmanship or unfulfilled warranty commitments. This is why…
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Keys to successfully running a Government Contracting Organization

Challenges for government contractors come in all shapes and sizes particularly in today’s competitive market with the increasingly tight budgets and deadlines. In addition to the time and investment required for the project itself, there are additional reporting standards which must be met in order to maintain compliance. Among the more time consuming of all,…
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Promoting Healthy Cash Flow through Proactive Financial Forecasting

Proactive financial forecasting is a competitive advantage for many professional services firms. It promotes healthy cash flow health which is essential to mitigating ever thinning profit margins and competition. Management teams need to regularly review and understand the following five basic financial metrics in order to ensure healthy cash flow: 1. Balance Sheet -This is…
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