Dynamics 365 Business Central for Professional Services
Streamline your processes, make smarter decisions, and accelerate growth with the only cloud-based Microsoft Dynamics 365 software solution tailored to the project accounting and business management needs of small and mid-sized professional services firms.
Microsoft Dynamics 365 Business Central for Professional Services management provides a single software solution to manage project-related sales, delivery, accounting, billing and analytics from start to finish, including tracking employee productivity, knowing who is available and when, and understanding if projects are on schedule and on budget. More importantly, you are able to take advantage of integration throughout the entire suite of Microsoft cloud solutions, from Office 365 to the Power Platform.
Get end-to-end, cloud-based project management
Flexible budgeting, easy project creation and one-stop time entry, approval and management optimize distinct processes in a single software solution
Balance capacity against demand
Full resource planning information ensures maximum resource utilization and profitability and helps identify trends for hiring and staffing
Communicate with teams consistently
Project teams can see the latest information, track profitability, resources, timelines and more on any device they use – anytime, anywhere
Become nimbler and more responsive
With more mobility and secure, connected data, processes move faster so you can reach higher levels of customer satisfaction
Fast-track your digital journey.
Companies throughout North America rely on Velosio to move to what’s next on their digital journey. Our innovation, expertise and insight combine to create a portfolio of services that empower you to transform your business with confidence.
See our Velosio Express accelerated Dynamics 365 deployment options.
The Software: What's included in for Dynamics 365 Business Central for Professional Services Management?
Project Setup Wizard
Create projects in a few clicks using the Project Setup Wizard to start a quote or project. The wizard ensures that the project is correctly created with required information entered and validated.
Previous Project plans or defined templates can be applied to a project from a fully user-configurable library of templates. Combine multiple templates into one larger template so the project develops as it progresses. This helps ensure the structural integrity of the projects, methods & processes and keeps the overhead low.
Flexible Project and Task Structure
Design projects to fit the way you do business by defining a flexible nested task structure. Project structures can include factors such as client, job, phase, task, work breakdown structure, and work types to allow better visibility into project performance.
Flexible Invoice formats
Choose from predefined invoice formats or create custom formats based on the customers’ needs.
Budget Matrix displays the tasks for a project and allows for budgeting at the level required. (Examples: daily, weekly monthly, quarterly, etc.). The matrix makes it easy to make budgets based on quantity and to see available capacity while creating a budget. Possible to split a resource group budget to resources or resource groups.
Resource and Scenario-based Budgeting with Excel Integration
Compare budget detail with actuals at the completion of your project down to the task level. By measuring the accuracy of your budget and evaluating the impact on your profitability, you can easily fine tune your bidding process to ensure future competitive bids.
Project Estimates can be dynamically controlled using budget revisions with full integration to the sales order where it is possible to generate orders based on specific activities and estimates.
Unlimited Budget Revisions
Unlimited Budget revisions for Estimate to Complete and forecast are easily tracked and automatically update project statistics such as net profit and margin percentage. Pre-activities such as time, expenses and items can be entered on a project with a separate budget revision, in addition to the ability to set a separate status for activities and the project(s) with advanced, cloud-based project management software.
Project Resource Management
Distribution & Manufacturing with Project Integration
Consume materials through purchasing with distribution or manufacturing.
Record items or inventory against a project
Project Portfolio Management
Tie several projects together in a dynamics hierarchy for Project Portfolio Management. This enables the sending of one customer invoice for multiple projects.
Enhanced Resource Tracking
Includes Capacity and working hours. Track Resource Utilization and Capacity at the individual and group level.
Customize Invoices with Microsoft Word
Templates can be set up for any type of invoice.
Invoicing of any type is supported – Time and Material, Fixed Price, or Cost Plus.
Set up billing schedules based on your determined milestones within the specified project.
Multiple rate structures
Leverage rate structure based on by project, resource, expense, or item with multiple options for expense billing.
Compliant with Current Accounting Standards
Supports AICPA, FASB and SEC regulations (including SOP 81-1, SAB 101, and EITF 00-21) including the requirements for Vendor Specific Objective Evidence or VSOE as well as Sarbanes-Oxley compliance with Section 404. Detail or summary invoices.
Multiple Revenue Recognition Options
Including, Work in Process, Sales, Cost and Budget vs Actual, and Percent Complete.
Time and Expense Tracking
Multiple Levels of Approval
Configurable approvals for both time and expense of up to three levels in the organizational structure
Time Entry with Overtime Tracking
Simple Employee time entry from any device with the ability to calculate and track overtime (with rates)
Standard and Actual Labor Costing
Flexible costing models to allow you to account for the costs by Standard Costs, or by actual labor costs.
Customizable, Role-Based Dashboards
Including Project Management view with project plans and statistics
Assign Pipeline close percentages to better forecast future revenue and assign pipeline probabilities to allow weighted averaging. Work in Progress reporting.
Including reports for Project P&L and Budget vs Actual
Review profitability and capacity
See how Dynamics 365 Business Central for Professional Services Management for small and medium-sized businesses can drive greater profits with a single software solution.
Download the guide to learn all of the project accounting capabilities delivered with our Dynamics 365 Business Central cloud based project accounting software offering.
You don’t need to go it alone.
Velosio has helped thousands of companies to better leverage Microsoft solutions over the past 30 years. Our experts know the technology, the best practices and digital journey in front of services and project-driven firms like yours.
When clients join Velosio, they become part of an ecosystem, interacting with peers and consultants that have worked with companies like theirs, companies, like:
Management Consulting Companies
Hi-Tech Services Providers
Tax, Accounting and Payroll Firms
Research and Development Services
Staffing and Employee Management
Design and Engineering Firms
Finding the right solution is important, but finding a partner that you can rely on to help grow and transform your services business is just as important. Reach out today and put our 350+ team members to work for you.
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