Professional Services Firms
View our collection articles from Velosio covering 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...
Read MoreBalancing 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...
Read MoreHow 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...
Read MoreWhat 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...
Read MoreMove 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...
Read MoreThe 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...
Read MoreThe 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...
Read MoreHow 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...
Read MoreHow 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...
Read More8 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...
Read MoreHow 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...
Read MoreThe 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...
Read MoreFlexible 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...
Read More6 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,...
Read More7 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...
Read MoreA 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,...
Read MoreAccelerate 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...
Read MoreTop 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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