3 Acumatica ERP Modules That Increase Functionality within Your Professional Services Organization
For many professional service organizations, ERP accounting software is a crucial part of your business operations. Just like a CRM system (i.e. Microsoft Dynamics CRM) is crucial for client satisfaction and improved internal productivity/communication, cloud based accounting software like Acumatica cloud ERP is an essential part of keeping your business productive and financially sound. Acumatica offers a variety of modules and functionality features tailored specifically towards professional service organizations that can be customized or added to best suit your businesses pricing and operational needs. Read on for more Acumatica Information on three of the many useful features offered.
For small to mid-sized professional service firms that are looking to save money by only purchasing one singular system, Acumatica’s Customer Management Suite includes Customer Relationship Management (CRM) applications that help users better manage leads, contacts, opportunities and customer accounts without having to implement a separate CRM System. Having your financials and customer information in one singular dashboard allows for much easier reports and Acumatica’s Customer Portal allows service firms to connect with customers like never before. Your customers will appreciate your transparency and receptiveness and your sales team will be thankful for the ease of use and real time financials so that they can best serve your clients.
Project Cost Tracking
When you work in the professional service industry, your product is your service and can often be found in the likeness of larger scale projects. With Acumatica cloud ERP, service firms will gain a total view of all project costs, billable revenue tracking, and is scalable to handle the demands of multiple projects. Acumatica’s project cost tracking function is seamlessly integrated with other Acumatica financial modules so that users can associate any document with a specific project for complete accounting for all activities and costs.
Every project is different, which is why Acumatica’s flexible project accounting management module allows professional service firms to keep doing business as usual, without any additional Acumatica customizations or pricing adjustments. Acumatica’s project accounting software features are integrated within their general ledger and other financial applications giving users the ability to track specific project costs from materials to labor to services and even inventory items. Acumatica also gives users the ability to compare actual project costs with the original and revised budget costs in real time so that progress can be tracked with ease. Because each project is different, Acumatica allows users to vary billing rates depending on the customer or employee or by work.
For more information on Acumatica and the professional service features their comprehensive ERP software can offer, click here to visit the Acumatica web page or view Acumatica ERP videos for more information. Looking to talk to a Chicago based Acumatica partner one on one? Contact Logan Consulting to determine if Acumatica could be your best fit.
2020 Nucleus Research Report on ERP Technology