12 Ways Project-Based ERP Can Benefit Your Business This Holiday Season

'Tis the season, and for many project-based businesses that means finishing projects, juggling end-of-year tasks and preparing for the upcoming year. Things can get pretty hectic during the holidays − with more work, tighter deadlines and less time! One way that businesses can enhance the efficiency and speed of their operations amidst the hustle and bustle is by using a project-based enterprise resource planning (ERP) system.

Discover the 12 ways (or days!) project-based ERP can benefit your business by helping you stay organized, efficient and profitable. From a clear view of your project pipeline to real-time project tracking and reporting, Deltek's all-in-one solutions can help you streamline your operations, improve your decisionmaking, and delight your customers now and into the new year! 

On the 1st day of project-based ERP, my solution gave to me...

A clear view of my project pipeline

One of the key challenges for project-based businesses is maintaining a healthy and balanced project pipeline, especially during the holiday season when many clients and prospects may be less responsive or have different priorities. With project-based ERP, you can easily manage your sales and marketing activities, track your leads and opportunities and forecast your revenue and workload. You can also leverage the data and insights from your past and current projects to identify the most profitable and strategic opportunities and tailor your proposals and pitches accordingly. 

On the 2nd day of project-based ERP, my solution gave to me...

Accurate project estimates and proposals 

Another challenge for project-based businesses is to create accurate and competitive project estimates and proposals, which can make or break your chances of winning new business. With project-based ERP, you can streamline and automate your estimating and proposal processes using templates, workflows and best practices. You can also access historical and current project data, such as costs, rates, resources and schedules, to ensure your estimates are realistic and aligned with your project goals and expectations.  

On the 3rd day of project-based ERP, my solution gave to me...

Streamlined project planning and scheduling 

Once you have won a project, you need to plan and schedule it effectively, considering the scope, budget, timeline and resources. With project-based ERP, you can create and manage detailed project plans and schedules project plans and schedules as needed and communicate any changes to your project team and stakeholders. 

On the 4th day of project-based ERP, my solution gave to me...

Real-time project tracking and reporting 

As you execute your project, you need to track and measure its progress and performance and report on its status and results. With project-based ERP, you can capture and analyze real-time project data, such as costs, revenues, hours, expenses and deliverables. You can also compare your actuals to your estimates and budgets and identify any variances or issues.  

On the 5th day of project-based ERP, my solution gave to me...

Improved project profitability and cash flow

One of the main objectives for project-based businesses is to maximize their project profitability and cash flow, especially during the holiday season when expenses may be higher and payments may be delayed. With project-based ERP, you can improve your project profitability and cash flow by optimizing your project pricing and billing, managing your project costs and expenses, and accelerating your project invoicing and collections.  

On the 6th day of project-based ERP, my solution gave to me...

Enhanced project collaboration 

Project-based businesses depend on efficient project collaboration, both within and across organizations, to achieve project goals and delight customers. With project-based ERP, you can improve your project collaboration by using a unified and safe platform that links your project team, clients and partners. 

On the 7th day of project-based ERP, my solution gave to me…

Optimized resource management and utilization

With project-based ERP, you can optimize your resource management and utilization by finding and hiring the right people for your projects, managing their skills and competencies and developing and retaining them. You can also plan and schedule your resources across multiple projects and balance their workload and availability.  

On the 8th day of project-based ERP, my solution gave to me…

Automated time and expense tracking and billing 

Project-based businesses need to track and bill their time and expenses accurately and efficiently to ensure that they are paid for their work and that they comply with their contractual obligations. With project-based ERP, you can automate your time and expense tracking and billing processes using web-based or mobile applications that allow your project team to enter and submit their time and expense reports from anywhere at any time.  

On the 9th day of project-based ERP, my solution gave to me…

Simplified compliance and risk management 

Businesses of all sizes face various compliance and risk challenges, such as regulatory requirements, contractual obligations, quality standards and security threats. With project-based ERP, you can simplify your compliance and risk management processes by using built-in features and tools that help you adhere to the relevant laws, regulations and best practices.  

On the 10th day of project-based ERP, my solution gave to me…

Seamless integration with other business applications 

Project-based businesses use various business applications, such as CRM, HR, payroll and BI, to support their different functions and processes. With project-based ERP, you can seamlessly integrate your project-based ERP system with your other business applications using APIs or an integration platform. You can also synchronize your project data and workflows across your different applications and eliminate data silos and duplication.  

On the 11th day of project-based ERP, my solution gave to me…

Scalable and flexible cloud-based deployment 

Growing businesses need an ERP that can adapt to their changing needs and demands and that can support their growth and expansion. Enterprises prefer ERP over individual systems because of the need for a scalable solution (29%). With project-based ERP, you can choose a flexible cloud-based deployment that allows you to access your business information from any device, at any time and location.  

On the 12th day of project-based ERP, my solution gave to me…

A trusted and experienced partner in Deltek 

ERP implementation leads to business process improvements for over 95% of businesses. But not all ERP providers are built the same. If you run a project-based business, you need a provider that can handle your specific needs and challenges.  

Project-based ERP solutions can help you streamline your operations, manage your resources and deliver successful projects. Whether you are in engineering, construction or product development, Deltek’s project-based ERP can help you optimize your business performance.  

With Deltek, you can increase your visibility, improve your efficiency, and achieve your business goals. Don’t wait for the new year to start improving your business − start your journey with Deltek today.