Whether you’re developing custom applications, implementing software packages or providing IT support services, you need full visibility into your costs and utilization on every project. And with labour accounting for the bulk of your cost structure, utilizing project resources to their fullest capacity is critical to growing your business.
Streamlining your back-end processes has a direct impact on your ability to deliver successful projects and keep your clients happy. For consistent results, you need real-time project data that’s connected to financials and sales.
An integrated ERP and PSA solution helps you meet this challenge, so you can spend less time on administrative tasks, while increasing billable hours and project profitability.
Growing your technology firm requires more than just delivering quality projects. A complete ERP and PSA solution enables you to streamline project delivery and reduce administrative effort in billing, sales and resource management. Increasing efficiency on both sides of the business leads to increased revenue, higher margins and lower costs.
Interested in growing your software and technology firm? Here’s how an integrated ERP and PSA solution helps:
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.
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.
Set your projects up for success using historical data to create more accurate project quotes from the outset. Then monitor costs in real-time to proactively manage risk and experience fewer project overruns.
Accurately capture time and expenses against projects as the costs are incurred to reduce leakage. Real-time visibility into budget vs. actual KPIs give you a true picture of project performance so you can adjust as necessary.
With support for multiple project types, you can easily adjust billing rules based on the type of engagement, all while managing revenue accurately – without the manual spreadsheet effort.
Manage your capacity plan more effectively with a complete view of upcoming projects, resource allocation and financial forecasts.
As a technology firm, you know that technology can be the differentiator to give you a leg up against your competition. A complete ERP and PSA 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.
Software and technology firms that use ERP and PSA see measurable results, 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
Working with ProjectLine has been amazing for us in that they helped us bring all of our teams together quite quickly, kept things very simple for us and helped us onboard the system in bite-size pieces so it’s actually felt manageable.
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 has more than 15 years' experience working with software and technology firms like you.
We go deep to understand your unique business structure, process, culture, and most importantly, your people. This gives us the information we need to safely guide you to the technologies and processes your business demands to run smoothly – now and into the future.
By putting your people first, we build ERP solutions that truly work for them.