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:
- 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.
Resource allocation capabilities
With Business Central’s resource allocation features, your company can keep all resource data in one place. This includes details about employees, their skills, workloads, and availability. You can allocate resources for projects effectively and efficiently. Match the right person with the right task at the right time based on their availability and skill set.
Effective time and expense tracking capabilities
Use Business Central’s advanced time and expense tracking tools to monitor time spent on projects and activities. Track billable hours and project-related expenses. Seamlessly integrate financials with costs and bill rates. This allows for efficient payroll calculation, more accurate billing, and comprehensive financial reporting.
In depth reporting and analytics
Business Central’s business intelligence and analytics tools help your team make impactful, data-driven decisions. You will have access to tons of information, including reports, graphics, KPIs, and integration with Microsoft Power BI.
You will be able to generate customized reports based on project profitability, resource utilization, client performance, and project finances.
Integration with Microsoft 365
How many Microsoft products does your company use daily? Word, Excel, Outlook, SharePoint, Teams, and other tools enable collaboration and file sharing across the organization for increased efficiency. With Business Central’s integration with Microsoft 365 (previously Office 365), you can use all the tools your team already uses. This boosts workplace productivity while also helping your team members adopt your solution.
Dynamics 365 Business Central for Professional Services, Can Help You Reach Your Maximum Potential!
Ensure your systems keep up with your growth and client satisfaction. Investing in the right technology gives your professional services firm a competitive edge. It further sets you up for a long-term success.
Feeling frustrated with how your ERP systems are limiting your progress?
Discover the incredible impact of MetaPro – an all in one platform can have on your consulting business.
MetaPro is an extension for Microsoft Business Central. MetaPro can support any project structure. It further allows you to track all project-related information for better project control and planning.
Business Central and MetaPro offer user-friendly interfaces, real-time insights, and smooth integration. They support consultancy firms in succeeding in this competitive market.
MetaPro also allows you to estimate a project, track its status, allocate resources, calculate project costs, and invoice management. MetaPro- ERP for Professional Services, provides the tools required to effectively manage projects and resources throughout their entire lifecycle.
