If projects are your business, you need visibility and insight into your project portfolio. You need to know capacity profiles, Estimates at Completion (EAC) and cashflow projections, and you need to know them now - in real-time.
But, you can’t get that if you manage your projects outside of your ERP. If operations runs on its own project management system and finance runs on a separate ERP, your business is fundamentally bifurcated. That is why reports take two weeks or longer to generate, or why you need controllers to reconcile the two systems. You will never gain the real-time insight you need to exercise the greatest amount of control over your business.
Operations and finance are not disparate entities to be managed separately. From management’s perspective, they are unified parts of the whole business. To get instant, on-demand insight into your company, your projects must be at the core of your ERP – in one system.
DON'T TRUST USUAL ERP VENDORS
Many ERP vendors will tell you that you can’t or shouldn’t worry about running projects inside your ERP. Or, they might even promise they can, but then don’t deliver. You cannot rely on them to provide the right solution…because they can’t.
Rule #1 for project-based companies: If you can’t see your project inside the ERP, just say no to these generic ERPs.