By Glenn Saunders – Project and resource management software can create efficient and repeatable business processes for service companies. There are various levels of maturity in service organizations as outlined in the Professional Services Maturity Benchmark Study from SPI Research. Project management software should allow for visibility into the project status, enable ease of communications[…]
Document Imaging vs. Document Management By Chrystal Chambers, Kraft Enterprise Systems If you have been in the business world in the last 10 years, you have likely had the ‘Paperless’ conversation at some point within your organization. The most common first step toward going paperless is to start turning paper into electronic images. You[…]
There are two sides to every story, but only one truth. When sharing financial stories at a business, it’s important to find the real truth behind your facts and figures. Knowing your true costs and labor productivity will give you a better idea on what your true profitability is for the products and services you[…]
If you deal with creating contracts, sending invoices, and collecting payments for your business, you have a lot on your plate. There are a lot of little details that can slip through the cracks. Keep your projects on the right track and manage payables and receivables with an integrated enterprise resource planning (ERP) solution. You[…]
In a corporate an environment, an easy way to eliminate waste and reduce your carbon footprint is through document imaging and accounts payable automation. Companies also save money by reducing manual errors and capturing discount opportunities. It’s a win-win for a company that is serious about reaping huge benefits in its supply chain.
CFOs must think and act vertically to make the most of today’s new technologies. As an article on CFO.com explains, the corporate computer no longer is a big box, but rather a network. That’s why managing horizontally in professional services accounting doesn’t work. Finance leaders need to look at the entire picture when making decisions.
With information technology increasingly critical to the success of companies, CIOs are more involved in developing business strategy. An article on the Accelerating IT Success website outlines four key shifts: CIOs have a more strategic outlook; IT projects are focusing on revenue; mobility and social media matter; and innovation is a priority.
Despite the attention given to Hurricane Sandy and similar disasters, it is mismanagement and underestimating core business challenges that often pose the most risk to companies, especially for professional services accounting. An article on CFO.com explains why businesses must take risk management seriously.
Change management is a complex process that takes time, cooperation and patience, but is well worth the effort. A CFO.com article notes the pathway to change requires time to identify areas of improvement. Often, organizations have competing factions for certain goals and strategies and how things should be done.
Managing stakeholders is a critical part of any project. According to an article on The Project Management Hut website, here are five ways to get more from your stakeholders: define the stakeholders; align goals and expectations; create a plan to manage stakeholders; plan to influence stakeholders; and practice time management.