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…
Are your resources and rate structures optimized for profitability? In the professional services industry, where time is money, ensuring profitability requires careful planning and execution. Many firms rely on billable hours to generate revenue, but simply maximizing billable time isn’t enough. This blog explores two key drivers of profitability: rate structures and resource utilization. We’ll…
Overview The most general definition of project accounting would be tracking financial transactions by project including costs, billings, and revenue. What constitutes project accounting in a company is based on several factors including company type, the number of projects and company size. For project centric companies such as Consulting Firms, Architect and Engineering Firms or…
Per Microsoft, Lifecycle Services (LCS) improves quality & predictability of Finance & Operations implementations. It’s designed to provide the right information to the right people at the right time. Inside, you’ll find a suite of tools to help you manage, monitor, and upgrade F&O, identify known issues, and provide access to external partners and collaborators.…
Microsoft Dynamics SL has served project and service-based SMBs for 40+ years. In a lot of ways, it’s still a solid product–made to address the unique challenges consulting firms, construction companies, and professional service orgs face day-to-day. Inside, you’ll find a suite of modules for things like project accounting, supply chain management, and complex financials.…
For businesses using Microsoft Dynamics GP, the conversation around modernization and cloud migration is becoming more urgent. With Microsoft’s recent announcements on GP’s end of life and the shift towards Dynamics 365 Business Central (D365 BC), many organizations are evaluating their options. While GP has been a reliable on-premises ERP system, its limitations in scalability,…
Maintaining your Dynamics 365 system at peak performance depends on several factors. The condition of your data. How many extensions & customizations are in the mix. Even poor alignment between business requirements and platform capabilities. We’ll examine some general performance issues Dynamics 365 users should be aware of before implementation. We’ll also look at some…
Introduction Project accounting is an overly broad term. The most general definition would be tracking financial transactions by project including costs, billings, and revenue. In reality though, 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…
