ALC - s360

For years, industry and analysts have been touting the benefits of integrated systems that would improve the decision-making process by taking information from disparate functions and processes and organizing it efficiently. Strides continue to be made in driving efficiencies throughout the organization through just this sort of thought: Inventory and purchasing systems, payroll and HR systems, HVAC and fire systems, door entry and VOIP systems all coming together in solutions that drive productivity by correlating the data that these formerly disparate systems generated.

Project Accounting, sometimes referred to as job cost accounting, is the practice of creating financials specifically to track the financial progress of projects.  Project Accounting enables the professional services organization to monitor the progress of their projects from a financial position, separately from standard organizational accounting such as by departments, divisions or by company, which are tracked over time periods, typically weeks, months, quarters or years.  Projects frequently cross these boundaries as they may last from a few days to years.

Professional Services Automation (PSA) software includes a number of high level benefits.  We can whittle this down into three groups of benefits; streamlining operations and execution, improving business performance and winning more business.

Focus on “Faster and Better”.

Every asset, machine, tool and person you have must be accountable and cycle more quickly. Your business cannot survive unless you know where your resources are and how they can be used efficiently. Imagine being able to view where your people and equipment are at any moment so that you can plan to intelligently dispatch them to the next job.

No matter what kind of change you are trying to invoke in your business; there are five key considerations to address to give you the best chance for success.  According to Dave Gustafson, NIATx (process improvement specialists) Director, these are the five most important factors in predicting organizational change improvement success.

Author: Tasha Caruso TELUS Talks Business

Even in the best of economies more contractors go belly up than not. Knowing this, many builders reason that the best solution for dealing with risk is to keep their business modest. And yet, many fail.

Nonetheless, for every failure, there is a success. What separates the winners from the losers? Job Costing software and best practices.

Sometimes we focus too much on traditional metrics, here is a great post on non financial measurements….

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This is a guest post from James Slavet of venture firm Greylock Partners. Slavet’s investments include Coupons.com, Groupon, One Kings Lane and Redfin. Greylock Partners has invested in Facebook, LinkedIn and Pandora..

The following is a excerpt of a post by Christopher Neto of AVShout