Today’s challenging business environment and increased competition means project businesses (aka project-based, project-centric companies) need to find ways be more efficient and productive. Your companies’ competitive advantage often comes down to how you cut costs and streamline your operations in order to improve the bottom line of your project business.
Generic enterprise resource planning (ERP) systems do not work for project businesses because they are not built with projects in mind. Deploying a project-based ERP system will help you run your business efficiently and effectively.
Traditionally ERP systems have been deployed on-premise. However, deploying a project-based ERP solution in the cloud offers greater flexibility when it comes to updating the system or adding new modules. You can also reduce capital costs because you don’t have to buy and maintain expensive hardware to run your ERP system.
On-premises ERP software is priced with a one-time perpetual license and ongoing support fees. A cloud ERP system, however, is offered on a monthly or annual subscription basis, which means there are no unexpected costs.
For your project business to become more profitable, you need visibility into all aspects of your business at any time from anywhere on any device. Deploying your project ERP in the cloud will increase productivity because your employees can record time and expenses, check the status of the projects, assign and monitor tasks, as well as review reports from any location on any device.
With real-time visibility into the status of your current projects, you’ll be able to determine if any are running over budget. For project businesses, having real-time visibility into operations can mean the difference between low profitability and high profitability. Being able to anticipate and respond to changing market conditions can make and save you a lot of money.
Additionally, implementing your project-based ERP in the cloud lets you integrate all your project-related data, enabling your employees to collect, share, and analyze data.
A fully integrated cloud-based project ERP also lets you manage the complete lifecycles of your projects. That means you have access to the real-time information you need to run your company and make informed business decisions more quickly.
By having access to performance data in real time, you can eliminate time-consuming and error-prone manual data collection. In addition, being able to add and subtract users as necessary is valuable for project-centric companies that have variable staffing.
Cloud-based project ERP supports all your business processes from quote to cash, creating the necessary foundation that you need to get real-time reliable insight to manage your projects on time and on budget and optimize your project-centric enterprise.
Using Microsoft Dynamics AX? Check out this whitepaper on the differences between the project module native to Dynamics 365 Finance and Adeaca Project Business Automation.
Running your project ERP in the cloud lets you focus on delivering your projects because you don’t have to worry if your critical business systems are up and running or performing at the speed of your business.
A project-based cloud ERP system will provide you with accurate and real-time information on the profitability of your projects. This will help your company improve its operational performance, share information across the organization and enable you to make better business decisions faster.
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