Professional Services Firms

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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,...

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...

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...