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3 Project Lifecycle Changes That Will Maximise Your ProfitDiscover how transparency provided by ERP software can increase resource utilisation and profitability

3 Project Lifecycle Changes That Will Maximise Your Profit

An increasing number of firms are moving to the cloud because it helps them to manage customer, project and employee lifecycles more effectively. By getting rid of silos and spreadsheets, the cloud helps Professional Services firms to ensure that all of their information is up to date and visible to everyone.

3 Project Lifecycle Changes That Will Maximise Your Profit

This more visible and efficient way to manage your internal processes to deliver better services to your clients allows you to deploy three core project lifecycle improvements that will maximise profit:

• Resource utilisation• Time from proposal to completion• Time from completion to payment

3 Project Lifecycle Changes That Will Maximise Your Profit

The survey also states that managing for profit and growth is about making real-time, data-driven business decisions based on a single version of the truth.

3 Project Lifecycle Changes That Will Maximise Your Profit

Enterprise resource planning (ERP) software can help by offering you an integrated technology system that allows you to see how the performance of your Professional Services firm’s projects relates to the profitability of the company as a whole.

3 Project Lifecycle Changes That Will Maximise Your Profit

In order to manage your project more effectively and maximise your profits, you need:

• The right information • The right team • To work in real time

With 64% of Professional Services firms surveyed seeing promptly capturing time and materials or expenses associated with projects as one of their core challenges, it seems that many people need help in improving their project lifecycle management.

3 Project Lifecycle Changes That Will Maximise Your Profit

Enterprise resource planning (ERP) software can help Professional Services firms to implement our three lifecycle changes.

3 Project Lifecycle Changes That Will Maximise Your Profit

Resource management, time from proposal to completion, and time from completion to payment can be better monitored and managed with an integrated project and finance solution that powers:

• Customer relationship management, to capture opportunities and control your sales pipeline.

• Project management that delivers projects to scope and with increased profitability.

• Time and resource management to improve utilisation and maximise billable time.

• Finance and accounting management to grow billability and cash flow.• Business insight to make real time, fact-based decisions with an

integrated view of your business.

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Ensure your project lifecycle is running efficiently for increased profit margins with our free eGuide:

A Step-by-Step Guide: Increase Profit Margins by Improving Efficiency

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