How ERP helps professional services businesses grow

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In the past, ERP systems were important drivers of information and growth for manufacturers. However, today's manufacturers aren't the only ones benefiting from their holistic functionality. Professional service providers such as architects, lawyers, accountants and consultants benefit from powerful ERP solutions that give them a 360-degree overview of their business. Here are some of the benefits you can expect from ERP deployment in your business for professional services.

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How ERP helps professional services businesses grow. In the past ERP systems were important drivers of information and growth for manufacturers. However todays manufacturers arent the only ones benefiting from their holistic functionality. Professional service providers such as architects lawyers accountants and consultants benefit from powerful ERP solutions that give them a 360-degree overview of their business. Here are some of the benefits you can expect from ERP deployment in your business for professional services. Simplify complex projects Each client and each project is unique. Whether youre the architect of a multi- story facility or handling major litigation every project requires close attention to detail tracking progress expense reporting and accurate billing. ERP combines all of the above to give you a single project profile. With Acumatica ERP you can assign and track expenses for any project or client add project notes manage change requests and even measure your profitability. ERPs serve as a single source of truth to give you maximum transparency into your operations and to analyze how different segments of your business affect others. Improve billable hours Billing accuracy is a major challenge for many service providers as they often fail to properly track the time spent on billable activities. The result: leaving hard-earned money on the table. ERP makes it easy to track billable activities and can back up your billing claims with data. It keeps track of how you spent your time to make sure every customer is charged a reasonable fee. In turn improved accounting practices can help you increase your bottom line without increasing your workload. Track and monitor performance For many professional service companies people are the most important asset. Not only do vendors need to choose the right person for a task but they also want to ensure that their employees are constantly making progress on those tasks so that projects are completed on time.

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With ERP project management tools companies can gain insight into performance and progress. Monitor workload and productivity to avoid overloading your staff and ensure consistent and timely results for your clients. Automate manual tasks Perhaps one of the most beneficial benefits of ERP is the ability to automate many time-consuming tasks that were once done manually. By automating activities like invoicing payroll invoicing and timesheets not only does it save office time but it also reduces the risk of errors in human data entry.