Category Archives: Project Accounting

Overview of Progressus PSA and Project Accounting

Progressus Professional Services Automation (PSA) is an extension to Microsoft Dynamics 365 Business Central that adds functionality for professional services organizations for project budgeting, project cost tracking, project time and expense, revenue recognition, resource management, and project analytics and reporting.

This demo shows you how Progressus handles each of these tasks and includes a look at the 13 Power BI dashboards that come with the solution, which include:

Project Dashboards with Progressus

  • Project Overview
  • Project Details
  • Project Performance
  • Project Costs
  • Project Revenue
  • Resource Overview
  • Resource Planning
  • Resource Details
  • Manager Performance
  • Project Finance
  • Project Margin Trends
  • Project Opportunities
  • Top Bottom Rankings

OVERVIEW DEMO OF PROGRESSUS PSA: (39:33)

WEBCAST: Progressus Advanced Projects for Dynamics 365 & NAV



Designed exclusively for professional services firms, Progressus turns Microsoft Dynamics 365 Business Edition or Dynamics NAV into modern cloud ERP and PSA for project-driven organizations.

Want to find out if the Microsoft Cloud is right for you? This 55-minute webcast will give you the answers you’re looking for.

By watching you will learn:

  • Why Microsoft Dynamics 365 and Progressus are trending in the professional services sector.
  • How integrated project management and project accounting can dramatically improve operations and client service.
  • Where to find that extra 10% of utilization and the predictive analytics you need to forecast accurately.
  • How to set up projects, budgets, project analytics & reports, track costs, enter time and expense, route approvals, manage resources, and invoice clients.

Access the Progressus Advanced Projects for Dynamics 365 & NAV webcast now!

Project Accounting in the Microsoft Cloud


With Progressus Software, there is now a powerful Microsoft cloud solution for small-to-mid size professional services and project-based businesses. Designed to leverage Microsoft Dynamics 365 Business Central and Office 365, Progressus is a multi-language, multi-currency business management solution that empowers companies to more effectively manage their operations.

Progressus adds advanced project accounting and project management to the powerful financial management and basic project management functionality of Microsoft Dynamics 365 Business Central to provide the most advanced business management solution for professional services and project-based businesses. It offers unique and powerful functionality in these areas:

  • Quick Project Setup
  • Project Budgeting
  • Project Resource Management
  • Project Monitoring and Analyzing
  • Project Cost Tracking
  • Remote Project Time & Expense Entry & Approval
  • Project Invoicing
  • Project Reporting, Analytics & Forecasting

Progressus is deployed on the Microsoft Cloud and customers can access their solution through role-based interfaces on their desktop, in a browser, or with a native mobile app on a tablet or mobile device. As a Dynamics 365-based solution, Progressus is rapidly deployed with minimal configuration. It also features native connectivity to Dynamics 365 Sales and Marketing and Microsoft PowerBI, for an even more comprehensive business solution.

With Progressus installed with Dynamics 365 Business Central, it provides native integration with Microsoft Office 365. When your email, calendar, and files seamlessly come together with your data, reports and business processes you get an integrated experience that no other stand-alone project management or enterprise resource planning (ERP) solution can match.

An Introduction to Progressus Software



Progressus Factsheets

Take a Tour of Dynamics 365 Business Central and Progressus


Dynamics 365 Business Edition:
Financials | Basic Projects | Advanced Projects | Sales | Purchasing | Inventory | Capabilities Guide

Overcoming New-Accounting-System Fears

Just considering a change to your project accounting and financial management system often results in having fears and anxieties. Will we be able to find and agree on the right solution? Will our implementing partner really listen to our needs? Will we find a good solution out of the box or will we need to do a lot of customizations? Can we continue business as usual, or will we need to make major adaptations? Will we be able to do financial reporting the way we need to without the hassle?

Rebecca Harrington, VP of Finance & Corporate Controller at Hydro Resources, shares how her company overcame their fears through good software and the expertise of their new software partner.

How to Overcome New-Accounting-System Fears


Synergy Part of Microsoft’s New GovCon Alliance; Crafting Forward-looking Solutions for Government Contractors

Alliance to serve government contractors

On June 16, 2014, Microsoft announced the formation of a special GovCon Alliance, a cross-section of Microsoft Dynamics partners with deep experience and understanding of the unique needs of government contractors. With our expertise in solving government-compliance issues with Dynamics SL for midsize companies (from 50 to 2,000 employees), Microsoft invited Synergy Business Solutions to join the Alliance.

The effort is part of a new phase in ours and other Dynamics partners’ ongoing effort to help contractors to the U.S. federal government operate more efficiently, respond more quickly to shifts in federal spending, and comply with a range of regulatory requirements, including those established by FAR, CAS, DCAA, and DCMA, as well as various other audits.

Synergy joins with Microsoft pursuing the guiding principle of this new phase: Compliance and Agility. You no longer have to choose one or the other. For example, Synergy’s solution, Dynamics SL, clearly boosts a project-based company’s or a make-to-order manufacturer’s business agility through its powerful project management and accounting modules. And for government contractors, it goes one large leap further. It easily handles indirect cost pools and rules-based allocations to projects and cost objectives. Or, as we like to say, it’s “Compliance Made Easier.”

To see specifics on what Synergy Business Solutions adds to this powerful Alliance, visit our Government Contractor Solutions pages, which are chock-full of resources, including an on-demand webinar, white paper, and colorful infographic.

CONVERGENCE 2014 | MARCH 4-7, 2014 | ATLANTA, GA | WORLD CONFERENCE CENTER

Steve Toth, Synergy Business Solutions, Kirill Tartarinov, Arianna Huffington, and Biz Stone at Microsoft Convergence 2014.

Convergence 2014 is the premier event bringing the entire Microsoft business community to life. It is where opportunity and innovation meet to deliver real business value and truly amazing customer experiences. It’s the chance to make key business connections and to discover the full potential of Microsoft Dynamics solutions.

Steve Toth, President of Synergy Business Solutions, is speaking at two sessions on Microsoft Dynamics SL, one on how Dynamics SL empowers users to easily handle federal government compliance and another on the power of budgeting in Dynamics SL.

Session 1 – Smooth Budgeter: An Introduction to Microsoft Dynamics SL Project Budgeting
Wednesday, March 5, 11 AM – 12 PM, Room A311
Audience: End User and Power User | Speaker: Steve Toth

Find out what’s possible with various types of project budgeting in Project Controller for Microsoft Dynamics SL. Understand options for direct budgeting versus budgeting by revisions and how the Project Budgeting module processes budget revisions of original budget, estimated budget, and forecasted budget at completion.

Session 2 – Something to Talk About: Microsoft Dynamics SL Government Contracting
Thursday, March 6, 11 AM – 12 PM, Room A304
Audience: End User and Power User | Speakers: Steve Toth and Larry Mocniak

Do you use the Project module for government contracting? In this session, we will discuss how to utilize the capabilities of the General Ledger, Project Controller and Allocator modules to manage and allocate indirect costs to projects. Understand how to develop indirect rates, configure the Indirect Rate Calculator, use the new Close Project Year at Actual in Microsoft Dynamics SL 2011 FP1 feature, and configure the Government Contractor Reports.

At the Microsoft Dynamics SL User Group Conference in San Diego this year, I also had a chance to ask Kevin Sullivan, CFO of Vista Engineering Technologies, what problems their company has solved since the implementation of Dynamics SL. He shares breakthroughs eliminating manual accounting processes and project overruns, improving cash flow, managing employees’ time and expense on projects, increasing profitability, and passing government accounting-system audits.

WEBINAR: How to Simplify Project and Financial Management through Cloud Solutions

Want to take the complexity out of complex projects? Need to integrate projects with financials? Join us at this webinar and learn about a simplified day-in-the-life of a project-driven company using a cloud-based system.

Wednesday, December 18, 2013 10:00 AM Pacific Time

REGISTER NOW!

Experts in project management and accounting will share automated cloud solutions and client stories. You’ll learn how to:

  • Gain control and insight throughout the entire life cycle of your projects from bidding to billing.
  • Use resources strategically, address risks, and tightly manage costs.
  • Boost project performance and profitability through tools that make you more knowledgable and efficient.
  • Empower project managers with information they need to deliver successful projects.
  • Empower executives to monitor projects and programs through customizable dashboards and indicators.
  • Enjoy easy access, flexibility, and scalability through an affordable SaaS model.