When companies are looking for an Enterprise Resource Planning (ERP) solution, they often consider their specific needs, industry, and growth trajectory. An ERP solution should fit with an organization’s long-term goals. But what makes one ERP solution stand out over others? This blog aims to explore the benefits of Microsoft Dynamics 365 Business Central and…
Key Performance Indicators (KPIs) are metrics used by Professional Services Firms to set goals for continuous improvements, track and measure business performance, and take action when the plan falls apart. With the right KPIs in place, firms can shift toward more outcome-based engagements – using accurate, real-time data to win bids, track progress, and show…
Background A not-for-profit inmate training corporation produces over 3,000 products for businesses and state agencies. The organization was still using Microsoft AX 2009 for financial management, and knew it was time to upgrade to a modern, cloud-based solution to add efficiency, easier access, and improved security. The cost of maintaining servers on premises was too…
The professional services industry is changing rapidly, with current economic and market conditions accelerating those changes. Firms must embrace new technologies and rethink everything – from business processes and service offerings to how they engage clients – if they want to survive in today’s competitive environment – let alone thrive in the years to come.…
Overview Accounts Payable operates in a demanding environment. The volume of AP transactions is substantial, and the payables process can be difficult to complete, as AP interacts with nearly every department in the company as well as with outside vendors. To successfully meet its processing goals, AP must rely on both streamlined processing and sound…
Overview Often, there’s some confusion as to what actually constitutes project accounting. A general definition of project accounting is tracking financial transactions by specific projects. Tracking may include project costs, billings, and any associated revenue. What project accounting actually represents in a company is based on several factors including company type, project volume and company…
Progressus 11.4.1.22 release notes is now available, featuring a variety of enhancements aimed at expanding the robust functionality for professional services and project-based businesses. The March release notes brings key enhancements, particularly improving Expense and Resource management. This update enriches the suite’s capabilities, ensuring a more robust and efficient workflow. Enhancements to Expense and Resource…
Introduction The mention of purchase orders (PO’s) as part of a company’s internal control toolkit always evokes numerous complaints that using PO’s un-necessarily complicates the purchase and payment cycle. Back in the day when POs were manually processed, not integrated with the ERP or not supported with robust review, approval or workflow functionality, these points…
Overview Accounts Payable (AP) operates in a demanding environment. The volume of AP transactions is substantial, and the payables processing cycle can be difficult to complete, as AP interacts with nearly every department in the company as well as with outside vendors. To successfully meet its processing goals, AP must rely on both streamlined and…
In today’s complex business landscape, the right software tools are more than just aids; they are essential components that drive project success and financial stability. A common area of confusion lies in distinguishing between Project Management and Project Accounting software. Both serve critical yet distinct functions in the lifecycle of a project. This blog aims…
