Accounting Software for Professional Services
Professional Services Automation Software
If you work for a service business, you face the every day challenge of selling an intangible product that is difficult to quantify and changing all the time. To be profitable, you have to ensure that projects are estimated correctly, completed on time, and meet and exceed customer requirements. Whether you work in accounting, advertising, architecture, consulting, engineering, IT, legal, or research services, having a consistent flow of well-managed projects is your top priority. Maximizing on-time and profitable delivery of projects while maintaining high levels of customer satisfaction are the goals of every service provider.
Challenges faced within service industries include:
Managing projects more effectively.
Improving internal communications.
Maintaining compliance with government regulations and reporting requirements.
Evolving service offerings to meet rapidly-changing customer demands.
Your business can work better when your people have the ability to quickly see and share data, make smart decisions, and collaborate more effectively. ERP business solutions help service firms manage and integrate every aspect of your business. They can support and connect core business processes, like accounting and human resources, as well as provide specialized capabilities.
MIG is at the forefront of latest Professional Services Automation
(PSA) tools available - including Microsoft Project, Microsoft Dynamics
Project Accounting, and NetSuite
. By seamlessly integrating such project tools into your back-office, this true end-to-end solution will accomplish the following:
Guided Project Planning and Resource Management/Allocation (trafficking): plan out what steps need to be made as well as what is needed to complete the task. This will reduce wasted time as well as loss of resource allocations.
Granular Budget Control: track budget vs. actual with Project Financial Reporting. Managing and staying on budget is crucial in the business world. Knowing how much of that money is being spent will help you better allocate and predict your ROI.
Demand Planning: know how much of your resources to allocate. Our Business Solutions will allow you to make predictions based on past performance and demand. Using this information your employees will be able to better predict trends for the future.
Time and Expense Reporting: When your employees do not have the right tools, they spend more time on tedious tasks instead of concentrating on other important tasks.
One-time Data Entry: Your employees do not need to enter data into different systems. When your systems are integrated, data is shared decreasing duplicate records and any errors that may occur from reptitive data entry.
Enterprise Portfolio Visibility & Team Collaboration: When working in teams, you need to make sure everyone is able to work together editing documents and contributing. MIG's Business Solutions will help team collaboration and enable those who need to see those documents to view them and submit feedback when necessary without having to e-mail the portfolio's.
Centralized Project Documentation: Reduce duplicate documents. Find the final version of documents easily without havint to re-do work or download the wrong version. Team collaborators can also go to one place and find the documents they need. Do not have your employees wasting time searching for documents when they should be using that time to concentrate on their work.
Once projects have become well organized and managed, your relationships with clients will surely strengthen and your firm's reputation will be enhanced. Professional Services largely depend on referrals and customer bids - to keep track of opportunities and bids, Marketing and Sales need to reply on Customer Relationship Management (CRM
) for automation and organization.