Proactive resource planning is crucial to the success of any project-based organization. There’s a lot on the line. Get it wrong, the business loses money, credibility, and potentially, even fails. Poor resource planning triggers destructive ripples across the entire organization — dealing multiple blows to the bottom line. For example, if you underestimate the resources…
Technology continues to shape the professional services industry in profound ways. For starters, cloud-based productivity apps and communication tools have given firms the ability to work remotely and engage clients in new ways. Advances in AI and machine learning can automate back-end processes that keep employees from performing valuable work — and as a result,…
The forces transforming today’s professional services landscape – are familiar ones. We’re talking digitization, the shift toward data-first business strategies, our collective post-COVID recovery, and so on. 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,…
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Resource utilization rates are a great way to take the pulse of a professional services organization. Besides telling you if your resources are overworked or underutilized, utilization rates usually give you clues about how well the company functions in generating proposals, planning projects, and hiring resources. Yes, the utilization rate needs to be high enough…
As project-based firms grow, they may find themselves with a teetering tech stack. At the beginning, spreadsheets and institutional knowledge were enough to get projects across the line. Over time, different platforms are added as new functionality and management software are chosen by your teams. One day you look up and your business is running…
Small and mid-sized development firms have a unique set of challenges for building, testing and releasing software internally. Specifically, these companies want to capture the time spent on various aspects of the software development cycle within their project-based accounting software. As a project-driven activity, software development requires tracking costs and employee time for each project.…
The AXIO Advanced Projects solution from Velosio for Dynamics 365 Finance transforms your ERP into a quote-to-cash powerhouse. The AXIO enhanced framework is available as a monthly subscription from Velosio that accelerates planning, reduces services costs and preserves the value of your investment over the entire solution lifecycle. Companies that choose the AXIO Advanced Projects solution start…
The Schedule Board in Microsoft Dynamics 365 Project Service Automation (PSA) is a great tool for finding resources to staff your projects. The filter on the left panel of the Schedule Board allows the user to filter the resources that appear. By default, the filter panel allows the user to filter based on eight different…
