Transform Your Consulting Business with Financial Management Visibility

Posted by Laura Mcquaig on July 23, 2019

Professional

In my past few blogs I have discussed the importance of visibility in both resource and engagement management in the efforts of increasing client satisfaction.  And while yes, visibility into both of these areas is important, financial management visibility may be even more so to stay ahead in today’s service level economy.

Today’s competitive environment is forcing firms to have an innovative approach to data analysis in order to discover the actionable insights they need to create effective growth strategies.  This in turn makes accounting and financial management visibility an absolute must have, not a nice to have.

That is where a fully integrated, project-based solution like Deltek Vantagepoint comes in to play.


 

Join us for a 30-minute Solution Speed Session on Friday, July 26 at 2:00 p.m. ET


Register Now

 

Vantagepoint provides a comprehensive accounting and financial management solution to help your firm manage every aspect of fiscal performance. Automate approvals and streamline accounts payable, speed up your month-end close, and manage accounts receivable with ease. Quickly capture time and expenses, improve data integrity, expedite financial management, and get deeper visibility into the financial health of your company.

With all of your financial, engagement and resource management data in one place, you can view, analyze, and report your financial data by engagement, service, location, or company-wide to gain a complete perspective of your financial performance. And you can react quickly to correct issues and adjust to market challenges, before they have a material impact on profitability.

More specifically in the area of accounting and financial management Vantagepoint can help:

  • Provide your teams with intuitive timesheets and expense reports; making it easy to capture accurate information
  • Get paid faster with interactive billing tools combined with robust accounts receivable management
  • Improve cash flow by expediting invoice review and approval for engagements
  • Deliver accurate and reliable engagement financials faster than ever
  • Monitor KPI’s, such as utilization, engagement margins, average hourly rates, and more
  • Automate repetitive accounting processes with a powerful workflow engine

Please join us for this month’s Consulting Solution Speed Session event, See How Streamlined Financial Management Can Transform Your Firm, on Friday, July 26th to see Deltek Vantagepoint Accounting and Financial Management in action. 

 

About the Author

For the past 20 years, Laura has been working with professional services organizations to solve critical business issues around project accounting, project and resource management, forecasting & budgeting and business development. She has been helping firms understand trends, best practices and tools that help people and organizations leverage technology to streamline their business and processes. Laura currently serves and Director of Product Marketing, Consulting Industry at Deltek, the leading provider of solutions for project based businesses.

 

 

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