For many Australian businesses in the professional services industry, challenges from increased competition, smaller time-frames for project completion and market uncertainty have made it increasingly difficult to predict where the next project is coming from.
Unfortunately, not all businesses are prepared for growth. And the way these challenges are addressed can mean the difference between being a business that succeeds, one that survives – or doesn’t.
To make it, you need to accurately track all the financial components of a project: budgets, estimates, bookings, and billing—and everything in between.
Things like manual processes and poor visibility may not seem like major concerns, but they’re limiting your business… which means you’re leaving money on the table.
That’s where MYOB ERP solutions can help.
Every area of your business can benefit from MYOB ERP, be it reduced admin time, increased client satisfaction, to improved productivity and communication, or real time management reports – the gains are extensive.
Adapt to change, increase visibility and maximise project profitability with MYOB ERP>
Taking on Project Billing with MYOB ERP
Service industries, by the very nature of their work, face special challenges. Unlike other industries, your product is intangible and so quality control is more difficult.
To stay competitive, a service provider must have a range of information at their fingertips – the sort of information that only an intelligent business management system can provide. And that’s where, the benefits of MYOB ERP are truly realised – in it’s Business Intelligence functionality.
From capturing invaluable customer feedback, to improve tight profit margins by identifying and minimising costs, Business Intelligence can mean the difference between life and death for a service provider.
Here is how MYOB ERP solutions can help you gain full control of your project costs:
Track projects from start to finish
Numerous billing options
Gain real time insight into your business
Keep an eye on every part of your operation. View expenses, track staff time, keep an eye on sub-contractors – all with real-time updates.
Increase customer satisfaction levels
By accessing a 24/7 accessible customer portal and a dedicated dashboard to analyse information, managing your customers will become second nature.
Simplify your projections by focussing on day-to-day costs
Eliminate convoluted processes, analyse client data and plug all gaps in functionality with our business management software – designed for what your company needs.
Reduce lost billings
Forget having to guess where problem costs might be, MYOB Exo and Advanced give you complete visibility over your billing and offer ways to manage it better.
Always on target
Invoice work based on your client needs and keep employees informed at all times with accurate reporting.
Create new projects using templates with individual tasks and billing rates to make sure things stay clear right from.
We help businesses in the Professional Services industry succeed
Got in-depth questions? We can help! Fill out the contact form and one of our ERP experts will be in touch. You can also call us on 1300 553 228 or email firstname.lastname@example.org
Start improving your project accounting capabilities with MYOB ERP today.
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1300 553 228
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