For project-driven organizations, every hour lost from designing or planning projects impacts the bottom line. Even so, many project-driven organizations still operate with a bevy of spreadsheets in a siloed environment. Homegrown or legacy solutions do not allow these organizations to consolidate and analyze data, stay on top of change orders, or collaborate effectively. Many…
LEARN MORE
Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. There are a number of reasons why organizations hold off on a digital transformation. One of the biggest is a fear that a “big bang” implementation will disrupt business. Although it might appear as though…
LEARN MORE
Enterprise Resource Planning, or ERP, is the management of all the information and resources involved in a company’s operations by means of an integrated computer system. It was first defined by Gartner in 1990 to represent a system to manage traditional distribution and discrete manufacturing organizations with repetitive processes. It first encompassed manufacturing resource planning,…
LEARN MORE
Cost of Maintaining Legacy Systems Many project-driven organizations still maintain legacy software solutions for a variety of reasons, but they are very costly to maintain and support. Many believe that maintaining legacy systems is more expensive than modernizing them. According to the United States Government Accountability Office, ten of the government’s legacy systems cost approximately…
LEARN MORE
When it comes to Enterprise Resource Planning (ERP), one size does not fit all, especially for project-driven companies. Project-driven work has clear goals, milestones and deliverables and a defined start and end date. Projects may take hours, months or longer — the duration varies with every project and business need. But the work is aligned…
LEARN MORE
In today’s data-centric digital landscape, intelligence is central to any business strategy, especially as we look towards 2024. According to PWC, talent, technology and data will set winning professional services firms apart from the competition. Technology combined with data is a matter of life and death for professional services firms where the “product” is a…
LEARN MORE
Project accounting is an overly broad term. Its most general definition is processing financial transactions by project including costs, billings, and revenue. In reality, project accounting can be much more than that. What constitutes project accounting in a company is based on several factors including company type, the number of projects and company size. Companies…
LEARN MORE
The forces transforming today’s professional services landscape are familiar ones. We’re talking digitization and the shift toward data-first business strategies. You know, those same disruptive forces redefining all sectors from manufacturing and retail to healthcare and tech. These disruptors may sound like old news, and in some ways, they are. But the reality is, things…
LEARN MORE
The professional services industry is undergoing a transformation driven by familiar yet powerful forces. These forces encompass digitization, the adoption of data-centric business strategies, the ongoing recovery from the COVID-19 pandemic, and more. These transformative elements, while well-recognized, are evolving at an unprecedented pace, affecting how professional services firms operate, make decisions, collaborate, and structure…
LEARN MORE
In the evolving worlds of professional and field service industries, the need for agile, efficient, and integrated solutions has never been more pressing. Companies are seeking platforms that not only enhance their operational capabilities but also offer the flexibility to adapt to ever-evolving market demands. Enter the Power Platform – a holistic solution tailored to…
LEARN MORE
