As a project-based company, you may question the need for an ERP. Is it critical for the success of your business or is it more of a luxury to make things easier for everyone? Microsoft Dynamics 365 can be both.
No matter how small your business is or how many projects you handle, there is always a need for more accurate reporting, project profitability, and overall visibility of operational effectiveness in a professional services firm. Microsoft Dynamics 365 solutions are designed to assist project-centric businesses with project management and resource management for client projects.
Here’s how Dynamics 365 as a fully connected system helps your project-centric business.
Better allocation and utilization of resources
To ensure the success of a project, it is crucial to assign the right people with the right skills to the right project. With Dynamics 365 Project Operations, all your resource management processes can be unified into a single connected solution. You can allocate the right resources to appropriate projects without worrying about whether your organization’s resource allocation is centralized or owned by project managers. Dynamics 365 gives your business the appropriate tools that are required to make the best of resource scheduling and assignment, increasing visibility through intelligent scheduling, and getting the best out of the available resources.
Rationalize time and expense management
With Dynamics 365 Project Operations, you can simplify daily tasks like timesheet entry and expense management. Your team members can easily submit, approve, process, and reconcile from any device, anywhere. You can also utilize the expense policies to proactively manage employee expenditure and ensure fiscal and regulatory compliance.
Boost project profitability
With the project management and accounting (PMA) capabilities of Microsoft Dynamics 365 Finance, Dynamics 365 Project Operations can help you boost profitability and manage finances without hassles through each phase of a project. What’s more? Dynamics 365 helps you build project cost and revenue parameters to enhance efficiency throughout accounting, which includes taking care of any global parameters governing related to legal entities in your projects to support compliance.
Faster and easier decision-making
Still have data in silos within the organization? Increase your business agility with better visibility, actionable insights, across your project-based operations with Dynamics 365 Project Operations. The system unifies operational workflows so that your team receives valuable, up-to-date insights into the progress and performance of the projects delivered for greater efficiency.
Get more projects with Dynamics 365
With the capabilities of Microsoft Dynamics 365 Project Service Automation (PSA), you can simplify every aspect of project-based sales, including pricing, estimates, quotes, forecasting, contract management, and more so you can win more projects in less time.
Contact Isys Solutions for more information about Dynamics 365 Project Operations.