Increase your profitability through automated processes, reduced paperwork, and timely operating information.
Project-based organizations like accounting firms, IT consulting companies, advertising and marketing agencies or anyone that bills for time and expenses have unique challenges. Operational success requires efficient time and expense collection, timely and accurate invoice preparation and effective project management. Stoneridge Software has helped create efficiencies within project based companies by leveraging the finance and project capabilities within Microsoft Dynamics. The Stoneridge Software team has worked with key Microsoft Dynamics customers in the professional services industry and assisted many organizations in achieving a rapid return on their investment.
Microsoft Dynamics 365 is flexible
Dynamics is designed to give professional services organizations the ability to promote your unique strengths through a flexible adaptation model. Businesses can start by deploying project management and accounting or core financials, etc. You have the opportunity to implement additional capabilities as your business needs and timetable requires.
Gain a Clear Picture with Integration
Your professionals need the right information and tools at their fingertips to deliver status updates, make better decisions faster, and execute without lapse in time.
Many firms today painfully maintain and integrate stand-alone systems for customer relations, project management, time and expense, billing, human resources and financial management. These silo-systems and applications are often owned by different teams, and typically have overlapping functionality as team members try to bridge gaps. As a result, organizations have difficulty obtaining a clear picture of business data.
Stoneridge Software can assist your firm in reaching a higher process maturity and better business performance threshold. Implementing and integrating a performance management solution like Microsoft Dynamics that ties together all key business areas and roles with in the organization will put you on the right path.
By taking advantage of integrated business solutions that work across multiple business focus areas and individual roles, professional services organization can obtain a 360-degree view into clients, projects and cost controls. This type of system offers practice managers and leaders up-to-date operation insights that lead to better, more informed decision making.
Get Financial Results with Multiple Revenue Recognition and Billing Processes
From a financial results perspective, your company needs business solutions that provide core administrative capabilities like general ledger, accounts payable, accounts receivable and HR, as well as operational or industry-specific capabilities.
Microsoft Dynamics helps service based companies with accurate revenue recognition, including accrual, completed contract or percentage of completion methods. In addition, we work with companies that do periodic billings, milestone billings or bill everything at completion. Many service organizations also have ancillary billings for maintenance contracts and other periodic items that can be billed as part of a project or billed separately as a traditional sales order invoice. Microsoft Dynamics provides you the flexibility to accommodate multiple revenue recognition and billing processes.