Tag Archives: Project Accounting

ProjectPro – The Answer for Construction Firms That Value Microsoft Technologies

What is ProjectPro? A powerful extension to Dynamics 365 Business Central for project management and construction accounting.

What industries is it for? Designed for construction companies and manufacturers that also do installation/construction.

What does it deliver? The ProjectPro solution integrates all of your critical project accounting, job quoting, project management, labor and equipment resource management, subcontract management, job material planning and customer relationships all in one database so users can easily handle their business roles and responsibilities.

What difference will it bring? ProjectPro will strengthen control of your organization’s projects. With integrated data, intelligent transaction processing, and robust analytical and reporting capabilities, you can reduce the time and effort it takes to access meaningful information necessary to make good business decisions.

Who is the publisher? ProjectPro (Gemko) and Microsoft. They have the software, knowledge, and means to provide your business with the most powerful yet user-friendly construction accounting system available using the latest Microsoft technologies.

How can Synergy help you evaluate it? As a Microsoft Gold ERP partner and affiliate of ProjectPro, Synergy will provide the following services to help you evaluate ProjectPro’s and Dynamics 365 Business Central’s fit for your company:

  • Discovery phone call
  • Recommend specific modules and extensions and calculate your ROI
  • Provide preliminary pricing
  • Deliver you a custom demo that highlights solving your requirements
  • Help you compare them to other options
  • When appropriate, deliver a “Prove-before-you-purchase Prototype”
  • Contact Synergy today!

Brochure/Factsheets on ProjectPro and Dynamics 365 Business Central

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.

3 Ways to Save Time and Your Sanity Through a New System

Synergy Executive Series – Article 1

Whether you’re a professional services, project-driven, or software/SaaS company, improving organizational performance should always be on your radar. One way to do that is to employ an adaptable ERP system (financial management, project accounting, revenue management, etc.), either Cloud-based or on-premise per your unique situation, to automate processes, shorten time to close, and generate accurate reports for better decision making. This article in our Executive Series, shows you how this can be a reality not a pipe dream for your company.

1 – Automate Workflow and Processes – The root of poor, manual processes is a lack of integration in your system. This leads to spreadsheet hell–when a unwieldy number of spreadsheet versions, collaboration challenges, errors in formula models, and a lack of a centralized record of changes leads to long, punishing hours of work. It can also lead to you questioning your sanity. The outcome is less accurate information and long closing times. The answer is to automate through integration.

2 – Shorten Times to Close – Long times to close are caused by things like spreadsheet hell. With an integrated system with access to real-time, accurate data (one version of the truth), close times can be halfed or less. The right new software system delivers this.

3 – Develop Flexible Reporting – By switching from a transactional process to a dynamic system, mid-sized companies have been successful at reducing the time it takes to generate customized reports by at least 20 hours per month. This means, among other things, they can quickly identify why costs are high in a certain area and solve a problem before it impacts profitability. The result is confidence. Again, a new, integrated system makes this possible.

To read the whole story of how to save time and your sanity, download Turning Insight into Action: It’s a Matter of Time, and visit the Synergy Microsoft Dynamcis SL and Intacct pages.

New White Paper! 4 Essentials to Becoming a Successful Government Contractor

Are you doing or pursuing contracts with the Department of Defense or another federal or state government agency? Then our new white paper will help. It lays out four essential ingredients an organization must have to pass government audits and fulfill contracts efficiently.

As a government contractor, you must provide detailed cost information—direct and indirect expenses that are allowable—for each contract, project, and task in order to remain compliant and ensure contracts are profitable. The 4 Essentials have to do with the Rules, Tools, Controls, and Schools necessary for compliance, efficiency, and profitability. When you make these four essentials the foundation for fulfilling federal (or applicable state government) contracts, you will be well on your way to becoming a company that can more easily win government contracts, pass audits with flying colors, and ensure that your contracts are a boost, not a burden, to your business.

Download 4 Essentials to Becoming a Successful Government Contractor

Government Contractor White Paper

How to Provide a Complete Accounting of Complex Projects

Gillespie, Prudhon & Associates (GP&A), a telecommunications engineering firm specializing in the design and implementation of fiber optic and microwave transmission networks, mobile radio systems, and other wireless technologies, faced a frustrating challenge. Their accounting system was not fully integrated and required manual work in order to provide clients with a complete accounting of their complex engineering projects. Moreover, their clients required four levels of accounting detail that their current system could not provide: the project number, the location of the work, the type of equipment being used, and the activity performed.

What did GP&A do? Learn how their problems were solved in this customer success case study.

“We would not be as successful today without Microsoft Dynamics SL and Synergy. Their integrated solution vastly improved our job costing, invoicing process, cash flow, and exchange of real-time data.” – E. Robin Smyth, President, Gillespie, Prudhon & Associates

Learn what GP&A did

6 Ways Microsoft Dynamics SL Meets Your Project-Accounting Needs

If you’re struggling with your current project accounting solution, you may be running into continued reliance on paper to collect your accounting information. Project cost overruns might be out of the view of your team members. You need to obtain reports and business analysis, while increasing efficiency, accuracy, and customer satisfaction. Your company also needs to automate and streamline projects across company divisions and locations.

Microsoft Dynamics SL meets all of these needs and helps you effectively manage your people, projects, and profitability. Here’s how:

  1. A Single Interface – In addition to providing applications for financial management and field service, Microsoft Dynamics SL empowers your accounting staff to handle complex accounting tasks and your project managers to more effectively manage projects, all from a single interface.
  2. Improved Estimating – Dynamics SL industry-specific features help you estimate more accurately, so you can meet your customer’s requirements on time and within budget.
  3. Automation – Dynamics SL creates an efficient bridge between documents, spreadsheets, and project accounting transactions; automates time and material billing processes; and creates invoices automatically using predetermined business rules to calculate costs.
  4. Web-based Access and Collaboration – By integrating information from different companies or offices and utilizing a browser-based portal that helps you increase collaboration, Dynamics SL helps ensure that projects run smoothly, which increases customer satisfaction.
  5. Easy Access and Approvals – Employees can enter requests directly into the system and managers can approve or reject requests as they are submitted.
  6. Smart Painless Reporting – Using the integrated features of Dynamics SL you can more efficiently obtain reports and business analysis, leading to clearer insights and confident decision making.

If you’re interested in learning more about what Microsoft Dynamics SL can do for your project accounting needs, contact Synergy Business Solutions today or download this Case Study and hear the Financial Manager share about why she “loves” the solution.

———————-