Engineering firms need sophisticated planning to coordinate the right resources, at the right time, across all stages of a project.
Ensuring you meet planned timelines is crucial to keeping your resource plan on track and delivering projects on time.
Managing the entire project lifecycle – from bid to bill – in a single system is essential to managing costs and maximizing profit. That’s where an ERP system comes in.
The right ERP software helps you meet this challenge, so you can spend less time on administrative tasks, while increasing billable hours, project profitability and client satisfaction.
Having easy access to your project and business information in one place enables you to make quick, effective decisions. With a robust ERP solution, you can streamline project delivery and reduce administrative effort in bid creation, resource management, project planning and billing. Increasing efficiency on both sides of the business leads to lower costs and higher profit.
Interested in growing your engineering firm? Here’s how ERP software helps:
Get total visibility into staff skills and active projects to ensure you’re assigning the right resources to the right projects – and making the most of your team’s billable time.
Manage your capacity plan more effectively with a complete view of upcoming projects, resource allocation and financial forecasts.
Track invoices throughout the billing process to reduce delays and get better control over aging invoices. Increase invoicing accuracy with automated revenue calculations and allocations on a project-by-project basis.
Easily capture time and expenses against the project – from the office or the field – to increase billing accuracy. Monitor profitability and project budget vs. actual KPIs in real-time to get a true picture of project performance.
Set your projects up for success using historical data to create more accurate project quotes from the outset. Then monitor work-in-progress to proactively manage risk and experience fewer project overruns.
Assign the most compatible resources to each project based on skill set, experience and availability to give your clients the best experience. Use real-time project reporting to monitor progress and ensure on-time delivery.
Particularly for small and mid-size firms, technology is the differentiator that gives you a leg up against your competition. A complete ERP solution integrates project management with your accounting, sales and payroll functions – helping you increase billable hours, reduce administrative effort and build a more agile firm.
Our engineering customers have seen measurable results with ERP, including:
17% increase in year-over-year professional services revenue growth
4% increase in billable utilization
$56,000 increase in revenue per project on average
20–50% faster financial close
25–75% reduction in invoicing costs
The visibility of the information to each project manager has never been to the level that it is today. We can see if every invoice is making money, rather than waiting until the project closes out before we realize if we made money. From a risk point of view, that takes a lot off the table.
As a leading Canadian ERP partner, ProjectLine is here to help you select the right ERP solution for your business and ease the transition for your team.
We focus on the human side of ERP – creating an ERP experience that considers your culture as well as your business needs. We go deep to understand your business structure, processes, culture and people. Only then will we safely guide you to an ERP solution that truly works for you.
ProjectLine has years of experience working with engineering firms just like yours to implement ERP solutions that support business growth.