How Project Accounting Mitigates Risk for CFOs
Article

How Project Accounting Mitigates Risk for CFOs

When your business model consists of projects, financial accounting doesn’t reveal the full picture. By implementing project accounting, CFOs can gain insights that...

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AXiO Advanced Projects- Resource Allocation
Article

Balancing Resource Allocation: How VPs of Service Can Ensure Fairness

In a professional services firm, the effective allocation of resources is crucial for maintaining operational efficiency and maximizing client satisfaction. One of the...

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Project Accounting Drives Proactive Data-Driven Decisions
Article

How Project Accounting Drives Proactive Data-Driven Decisions

In today's fast-paced business landscape, organizations are increasingly relying on data-driven decision-making to stay competitive. While financial data has always played a vital...

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Professional Services Industry Professionals Collaborating Around a Table
Article

What is the Professional Services Industry All About?

In this article, we’ll break down the Professional Services industry for you. Explaining where the industry is right now – and what that...

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move beyond spreadsheets for your resource planning
Article

Move From the Spreadsheet to a Modern Resource Planning Tool

In the world of professional services, resource planning is crucial for the success of any project. Without proper planning, projects can quickly become...

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sketch of accounting symbols
Article

The Benefits of Real-Time Project Accounting for CFOs

Both project accounting and financial accounting provide critical information for CFOs in professional services firms. The benefits of real-time project accounting may come...

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Paperwork and business related objects- project accounting
Article

The Benefits to Automating Project Accounting and Invoicing

Although most professional services firms don’t specialize in technology, a certain level of comfort with tech is necessary to run a business in...

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Cloud technology, computing. Devices connected to digital storage in the data center via the Internet, IOT, Smart Home Communication laptop, tablet, phone home devices with an online. Generative AI Licensed FILE #: 567016744 Preview Crop Find Similar DIMENSIONS 4608 x 3072px FILE TYPE JPEG CATEGORY Graphic Resources LICENSE TYPE Standard or Extended Cloud technology, computing. Devices connected to digital storage
Article

How Cloud ERP Can Increase Margins for Service Companies

Is it time to modernize your ERP and move to the cloud? If you’re a professional services company, the answer is that if...

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How to Structure Your Professional Services Firm for Better Profitability in 2023
Article

How to Structure Your Professional Services Firm for Better Profitability in 2023

Note: this is a recap of a webinar presented by Rich Fowler, Partner Liaison, Progressus and Jeff Smith, Solutions Architect, Velosio. What if...

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Close up of business man typing on laptop erp for project-based company
Article

8 Ways to Ensure a Successful ERP Implementation for Project-Based Companies

Project-based organizations face a different set of challenges than other business models. Each project is unique and customized, and importantly, temporary. Elements of...

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woman reviewing her Accounting notes- project accounting in professional services
Article

How Professional Services Firms Can Ensure Accurate Project Accounting and Billing

When it comes to project accounting and billing at professional services firms, it’s all about hours and dollars. Can billable resources get their...

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Laptop and computer with charts and graphs- reporting for professional services
Article

The Importance of Real-time Data Reporting in Professional Services

Today’s business landscape is treacherous. In order for professional services firms to thrive, they need information—up-to-the-minute, accurate data about what is happening and...

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Vector artwork of a man on top of a dollar bill with dollar bills behind him as he look towards the horizon with a looking glass
Webinar

Flexible Profitability Tools for Technology Firms with Cloud ERP

Who are project-based companies? Agencies, consultancies, firms of all sizes fulfilling contracted services for clientele. They are frequently scoping unique projects day in...

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professional services growth
Article

6 Proven Growth Strategies for Professional Services Firms

On the surface, many of the best professional services growth strategies seem more protective than proactive. That assessment isn’t entirely off-base. Becoming adaptive,...

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Professional Services Consultants Celebrating Success
Article

7 Critical Success Factors for Professional Services Firms

In today’s data-centric digital landscape, intelligence is central to any business strategy. But — it’s a matter of life and death for professional...

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Professional Services Consultants Having a Discussion
Article

A Guide to the Professional Services Industry

Forward-looking professional services firms are capitalizing on new opportunities to leverage technology to align around new needs and shift to outcome-based operating models,...

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illustration of Professional Services Consultants Working on an Analytics Platform
Article

Accelerate Your Professional Services Business with Microsoft Power Platform

Cloud-based ERPs like Dynamics 365 serve as the digital foundation for any modern business. Capture, organize, and unify all of your firm’s data...

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Professional Services Industry Executive Looking at Laptop with Cyber Security Icons in the Forefront
Article

Top Security Challenges for Professional Services Companies

Professional services firms are vulnerable targets for cyber criminals for a few key reasons. For starters, this is an industry that deals in...

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