For project-centric companies, tight integration between project management and financial accounting is critical to get a clear picture of project profitability.
When a civil engineering consulting firm was having difficulty measuring which projects and segments were most profitable, they decided to implement Microsoft Dynamics SL. Connecting the company’s entire business, including project, financial and materials management, they have improved cash flow and profitability on a job-by-job basis.
To control project costs and maximize resource utilization they now track performance at the sector level and make adjustments to stay within budget. Microsoft Dynamics SL gives executives the reporting they need to measure performance against established goals and focus business development efforts to maximize profits.
With Microsoft Dynamics SL, the firm has reduced month-end closings from five to two days and now do payroll in only two hours twice a month. To top it all off, their estimators are more precise with bids with the help of easy access to historical data— giving them a competitive edge to win more profitable contracts.
Submitted by Synergy Business Solutions, www.synergybusiness.com
This is just one example of how to outsmart the competition using Microsoft Dynamics ERP. Download the full white paper today for more examples “25 Brilliant Ideas to Outsmart Your Competition with Microsoft Dynamics ERP” at www.erpsoftwareblog.com/brilliant-erp as a PDF or MP3 audio.
By ERP Software Blog Editors, www.erpsoftwareblog.com