ERP for professional services
Professional services organizations can be as varied as accounting, IT services, management consulting, and any outsourced service. All these project-centric businesses share a common set of baseline challenges. Thus, such tasks can use up valuable time, attention and money. Find out how ERP system for professional service can solve this type of problem!
Optimize service strategies
Professional service ERP system needs to minimize the resource for administrative tasks, provide valuable insight into project management, facilitate accurate resource management, improve collaboration, provide an overview of individual time and expense management, and forecast profitability while consistently improving customer satisfaction.
Discover your ERP wishlist
If you are a professional services business, when specifying your ERP, ensure these areas are on your wish-list.
- Resource Management Features – How can the cloud-based ERP system allow you to easily set up your resources in the system? What features exist to help you manage resource utilization, with automation for matching the correct, available skills to your project and distribute workload accordingly?
- Contract Management Functionality – Does the ERP support creation of fixed-price, time and materials or retainer contract types?
- Quotation Functions – How do the ERP systems help you follow best practice and shorten deal cycles with the use of templates that include price breakdown within a project schedule?
- Project Management Features – Do the ERP solutions give your Project Managers the tools they need such as role-based dashboards, task management, Gantt charts, scheduling and work breakdown structures (WBS)?
- Financial Management & Project Accounting – Will users be able to easily track actuals vs estimates across key project areas including labor, materials and expenses insights? How optimized is the billing process to include full details and facilitate fast payment for cash flow?
- Expense Management – How easy does the Professional service ERP system make it for users to submit (with receipts) and approve expenses with automated workflows?
