Over the past years more and more organizations have drifted away from single-sale business models toward more contractual and project-driven ones. This transition has been a boon for reasons you might expect—recurring and planned ordering streamlines the business cycle by decreasing the quantity of transactions and putting everything on a schedule that moves succinctly toward an agreed upon completion date. Once an organization has built a framework for the specific project—consulted with clients, set timeliness with vendors and pooled resources, doled out tasks to employees—each project advances toward the execution of its respective goals.
And changes in business practices work much as cultural shifts do in that by the time we are aware of their pervasiveness we understand the expansive modifications more or less represent answers to the unspoken wants of an evolving moment. So with this we conclude that the single-sale model wanted out and the project-driven wanted in and should evolve our practices in the appropriate direction, bidding farewell to the single-sale model and opening our arms to the project-driven one.
While it is convenient to stand outside the mainstream as defiant resister of prevailing trends doing so can endanger business operations. As with any modernization the pitfalls in the development of the project-driven model have to do wholly with applying outdated technologies—like rigid legacy accounting software created— to the types of concerns and approximations that are no longer relevant to the project-based organization. When we muscle an obsolete tool onto new nuanced performances the mismatch between technologies and procedures can disintegrate key aspects of the project. And projects do not forgive mistakes— just one can dislodge the entire endeavor, break timelines, shortchange or needlessly overburden vendors, misuse employees and time, make crucial decisions based on faulty data, ad infinitum.
This is why the move toward project-based operations has been met by the creation of tailored tools fit to help you make the right decisions based on exacting information. Equipped with project tracking, data visibility, full-featured costing and resource management, precise pricing of past projects, and complete integration with the current CRM system, Sage Intaact’s project-specific accounting software offers the metrics, data and automated process that are essential during the preparation and execution of any given project.
Have You Found Your Solution?
It’s likely that your company has become project-based. If you’d like to hear more about how Sage Intaact’s project accounting software can aid in this development contact us today.
Sage Intacct Advantage 2018 was the largest-ever gathering of Sage Intacct customers and partners. The event took place in Nashville from Oct. 22-26, 2018. Check out some of the highlights, including commentary from customers and partners on the value of the event to their business.
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Experts tell us the image has supplanted other media. For proof one need only survey the local library, that most hallowed house of texts—the aisles between bookshelves are empty while around the collection of free computers is a minor population of intent faces peering into screens, with people behind waiting their turns. Even car dashboards tell us that our oil is low, making it so we never have to consult that transparent sticker that lives in the top left corner of the windshield between oil changes. We live by these dashboard indicators—one tells us when tire pressure is waning and how long to let the pump shoot air into the valve so we don’t have to parse through the bloated car manual. The dashboard tells us when to stop for gas and where the next station is. They do things that we now know we don’t like to do.
Gravitation toward more and more dynamic and visual accounting solutions follows in our sector as well. Over the last decades as integrated software technologies and automation processes slowly ascended the rungs of accounting services into what might be considered an admirable state of maturity—though not entire, in no way climaxed, or complete—they have more or less permanently jettisoned the types of manual ERP and accounting systems we once relied upon. We no longer tolerate banging through and synthesizing unplaced and lifeless financial statements, balance sheets, and income and cashflow reports, and for good cause. In addition to draconian tedium (we got tired of thinking about all the other things we might be doing), manual operations risk inconsistencies, client-relations problems.
Evolution of Change
And technology has continued to evolve. Where once we had to shift and pull data from disparate applications on our computers, relying on metrics kept here and there, having a look at one source, closing the file and opening another, then weighing and computing the two, customizable dashboards, such as those from Sage Intaact, have heightened project management that much more. Divided between role based and analysis, dashboards through Sage Intaact conform to an organization’s needs. They provide KPIs relevant to executives, all the way down to sales and finance teams, tailoring the available metrics to the person behind the screen. In the Role Function View project managers have access to time sheets, expenses to approve, and team utilization data; in the Analysis View, members of the finance team have point-by-point contact with reports, graphs and trends. There’s no unnecessary overlap.
Find your Solution
And through cloud-based management systems the individuated dashboards can zing to life when faraway from the office computer, in a living room or airport lounge, via laptop, tablet, or phone—wherever you are, on whatever device you choose.
Contact One Vision Solutions for more information on customizable dashboards through Sage Intaact.