Who are project-based companies? Agencies, consultancies, firms of all sizes fulfilling contracted services for clientele. They are frequently scoping unique projects day in and day out, hoping the margins will work out in the end. They all have a few common traits:
Projects. This work has phases of consulting, scoping, milestones, and deliverables.
Flexible Invoicing. Fixed-fee, milestone billing, pay-as-you-go, and retainer invoicing; change orders when a contract is amended.
Specialized Teams. Your labor pool has a broad and specialized skillset, and you need to ensure each of them has a balanced and profitable workload.
Deep Pockets. Just kidding! Margins are hard to measure on long-running projects, and wages are a significant operating cost. SMB B2Bs are often bootstrapped to minimize debt. Accurate numbers need to come at a sustainable cost.
Advanced Project Accounting provides the critical data points you need to accurately quote and manage your projects and teams. This project management approach allows you to measure costs and revenue across your business, including:
- Cost-based sales quoting tools
- Project management automation
- Flexible budgeting, forecasting and reporting
- Customizable invoicing processes
This 1-hour on demand webinar demonstrates how Advanced Projects for Microsoft Dynamics 365 Business Central provides robust, customizable tools that improve your agency operations, build repeatable processes, and make data-driven business decisions. We will also send you access to post-webinar handouts focused on project margin, project management, and project accounting.