MacKay and Sposito, a consulting firm that provides civil engineering, planning, land surveying, landscape architecture, and construction management services, couldn't adequately track and report on project performance. Without knowing which projects and segments were profitable, they couldn't make appropriate adjustments in sales and marketing. Neither could their project managers make necessary changes to control costs and utilize resources more efficiently. They needed to align their accounting with their project management.
Enter Synergy Business Solutions.
“Synergy spent the time to understand what information we need and how we use that information to manage our business and then configured Microsoft Dynamics SL to fit those exact needs,” says Marcy McCoy, Controller at MacKay & Sposito. “Today, we can extract the meaningful information we need to make informed business decisions.”
With streamlined accounting, they have significantly reduced time for month-end closing and payroll, have a timely, accurate picture of project and company performance, and have improved cash flow and profitability.
For more details, read the entire MacKay & Sposito-Synergy story.
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Engineering Consulting Firm Improves Profitability
Back to the Basics of ERP Software
Throughout ERP’s 30 odd years of history, the basics have gotten away from us. Let’s get down to the nitty gritty of ERP Software and realize why it’s such a benefit to the business world.
What is ERP?
ERP (Enterprise Resource Planning) definition refers to both ERP software and business strategies that implement ERP systems. ERP implementation utilizes various ERP software applications to improve the performance of organizations for 1) resource planning, 2) management control and 3) operational control. ERP software consists of multiple software modules that integrate activities across functional departments – from project management and project accounting to materials management for project-centric companies, and from product planning, parts purchasing, inventory control, product distribution, to order tracking for product-focused companies. Moreover, most ERP software systems include application modules to support common business activities – finance, accounting, and human resources.
ERP Systems
ERP is much more than a piece of computer software. An ERP System includes ERP Software, Business Processes, Users and Hardware that run the ERP software. An ERP system is more than the sum of its parts or components. Those components interact together to achieve a common goal – streamline and improve an organization's business processes.
Where did it all begin?
ERP is the evolution of Manufacturing Requirements Planning (MRP) II in 1980s, while MRP is the evolution of Inventory Management & Control conceived in 1960s. ERP has expanded from coordination of manufacturing processes to the integration of enterprise-wide backend processes. In terms of technology, ERP has evolved from legacy implementation to more flexible tiered client-server architecture.
What are some key benefits of having the software?
ERP software attempts to integrate business processes across departments onto a single enterprise-wide information system. The major benefits of ERP are improved coordination across functional departments and increased efficiencies of doing business. The implementations of ERP systems help facilitate day-to-day management as well. ERP software systems are originally and ambitiously designed to support resource planning portions of strategic planning.
If you’re interested in learning more, visit Synergy Business Solutions.
New eBook Stops the Pain
Synergy has published its second ebook, this one entitled, Stop the Pain: 7 Smart Project Management and Accounting Procedures that Work. It spells out how to safeguard cash flow, project performance, and profit margins.
This easy-to-read ebook is based on years of practice by the authors and their colleagues as solution providers, CPAs, CFOs, and IT directors. There is even a story woven throughout the ebook about a real-life engineering firm that implemented the 7 Procedures and eliminated their project-accounting pain. Talk about best practices for project management and accounting, this ebook is chock full of them. Check it out and then pass it on to others you think could benefit from it.
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