- You can easily start and manage projects directly from within Business Central, as they are linked directly to the General Ledger.
- Manage ongoing projects effectively, set project milestones, delegate tasks to colleagues, and monitor progress.
- Make sure that projects stay on schedule and within budget, project managers can easily review project timelines, budgets, and resources.
What Are the Benefits of Business Central for Professional Services?
It’s not easy to run a business while wrapping up a project at the same time. Doing all the manual work from project management to execution and then to billing. Phew! It’s really a tiring task.
When you complete a project and receive approval, you feel a strong sense of accomplishment. As a manager or team member, this feeling makes all your hard work worthwhile.
But here’s the question—are you still managing tasks and team collaboration manually? ERP for professional services can automate processes and streamline workflows, making your work easier and more efficient. Why not take advantage of that?
50% of companies are soon implementing, upgrading or planning to update ERP systems soon. (Source: Technology Evaluation). The global erp software market is expected to reach $78.4 billion by 2026.
Professional services organizations like IT consultancies, government contractors, staffing companies, and other hourly-based service providers are ideal candidates for Business Central. It allows you to add new features that help manage the daily operations of a professional services firm.
Business Central offers a range of capabilities: These include general ledger management, accounts payable and receivable, budgeting, and financial reporting. Furthermore, your company can effectively utilize these features to easily monitor and handle their finances. You can easily create invoices, manage payments, reconcile accounts, and gain valuable financial insights.
Implementing Business Central can greatly simplify the management of projects and financial operations. It streamlines all necessary processes. Business Central excels at integrations. It ensures data consistency and promotes cross team collaboration.
In this blog, we will discuss 5 reasons why professional services companies choose Business Central for their business needs.
Project management capabilities – A real game changer!
With Business Central, your professional services firm can access a range of project management features. These features will empower your team to: