If you’re a project-based company looking at traditional project accounting solutions to manage your project financials, you’re going down the wrong path. Effective financial management of projects requires much more than what mainstream project accounting and ERP systems provide. In the first blog in our eight-part blog series comparing Microsoft Dynamics 365 Finance and Operations (D365F&O) [...]
Companies that operate in project-driven industries such as Architecture, Engineering & Construction, ETO/Contract Manufacturing, and Professional Services are called Project Businesses. What do these companies have in common? They have unstructured business models that make their requirements for business systems unique. Most project businesses considering the Microsoft enterprise ERP, which is now called Microsoft Dynamics 365 [...]
When managing large construction projects, establishing the right communication strategies ensures that all stakeholders are on the same page. Simply because an employee can communicate, doesn’t mean he or she will, or that it will be the right information at the right time. It’s important to create the right sequence of processes and proper networks across the [...]
If you are in a project industry, such as engineering and construction, ETO manufacturing, or professional services, you are a Project Business. Identifying as a Project Business will help you prioritize and optimize your business activities and investments properly. You'll be able to clearly understand how you should structure your business and what systems and solutions [...]