Your source for insights, expertise and best practices across a range of relevant topics and industries for project-based businesses operating in the UK and Europe.
With 2022 on the horizon, consulting firms are evaluating their business practices, resetting goals, and retargeting where they want to go. David Hofferberth from Service Performance Insight (SPI) discusses three key practices that firms should focus on heading into the new year to set themselves up for future success.
Not all work is created equal. Here’s how A&E firms can find the most profitable projects consistently.
What makes your most profitable projects such a success? Our latest guide explores how you can identify your most successful and profitable projects and use that information to find similar work.
As Architecture, Engineering and Consulting firms navigated a global pandemic, finance teams stepped up to ensure business stability. We spoke to three CFOs to find out how.
See how an employee-owned project management firm successfully steered its people – and its financial performance – through a period of significant disruption.
Now, more than ever, your finance teams are under pressure – so streamlining financial processes and providing the right support is vital.
The recently-released best practice guide to overcoming project and business performance challenges, How Consulting Firms Win – The Definitive Playbook, defines the most common areas consulting firms find competitive gains (project delivery, growth, profitability, and talent) to help your firm put its own successful plays into place. Whether you’ve just downloaded the Playbook, or you downloaded it recently and are having a tough time deciding the first performance area you’d like to tackle first, we would like to offer a few “get started” tips that might help you ease yourself in.
Does your firm spend hundreds of hours producing reports, only to find they aren’t timely or don’t provide sufficient information to make important decisions? If so, this best practice guide will help you understand how to improve management reporting and ultimately improve business profitability.
Winning new projects and new clients is not the only way to bolster profitability and sustainability. Find out how to improve your bottom line by optimising your firm’s working capital management strategies.
Is your month-end close a smooth and fast process, or a messy rush of timesheets and invoicing red tape? Find out how your consulting firm can attain accounting best practice, by harnessing the power of technology.
Our latest blog explores how CFOs are approaching digital finance transformation and opening up huge opportunities for precision, speed, and longevity - helping them to improve the way they meet both internal and client needs.
A blend of technology and business smarts can help to prepare your practice to thrive in the “disruptive economy”. Experts from the Association of Consulting Architects and Deltek share their guidance on how to future-proof your practice in our latest blog.
'Mitigate risk' is a common phrase heard throughout the Architecture & Engineering industry, but what does it mean and is your firm doing the right things to truly mitigate risk? Often times, risk translates to money, but there is more to it.
2018 SPI research reveals that financial stability is a key metric for the best performing consulting firms. Check our infographic and download a copy of the full report to evaluate the KPIs and compare your firm against the best firms and the industry average.
Secure, reliable accounting and project management software with advanced functionality and the ability to automate tasks is a necessity for running a profitable AEC firm. Here are the red flags that tell you when your software is becoming a liability.
Finance is critical for supporting all areas of a management consulting firm from budgeting to cash management to financial reporting. Former finance director of a consulting firm, Amy Champigny shares her experience of transforming a finance function for the better with the right software.
In the professional services industry, no two projects are alike and more often than not they are considerably different. In this video you can learn more about how to better manage your project lifecycle
Learn how you can maintain consistent profit levels in your business without restricting opportunities for growth.
Understanding your business' financial past can help you to create a more profitable future. Here are four things you should consider to enable success at your firm.
The role of the CFO is changing in many business. Use the best practice tips shared in this infographic to make sure you stay on top of the change.
Architecture and Engineering firms are working harder than ever just to stay still. Here’s how we think you can improve your financial position.
These four tips show how project managers can use Project-Based ERP to improve project control and profitability
Discover how ERP software providers are helping businesses to win bids.
Discover how more visible and efficient project management led by ERP software can increase resource utilisation and profitability.
A Consulting Engineering Industry Paradox: The Value For Society Is Going Up While The Profit Is Going Down
Are firms in the Consulting Engineering sector adequately rewarded for the value they deliver to society? And would higher profit margins mean more innovation?
Discover how project ERP software can give you greater working capital through improved visibility and efficiencies.
Is your business system a profit-making or cost-guzzling asset? How can project-based ERP help improve profitability? Find out in this blog
Finance managers are well versed in forecasting, but their financial systems often let them down. ERP software and metrics can be used to gain accuracy.
Learn why Running A Global Professional Services Business Shouldn't Be A Game of 'Whac-A-Mole'
How you know it’s time to trade in your spreadsheets for a true fit-for-purpose ERP business system to maximise productivity and profits.
Using high quality Project-based ERP software can deliver return on investment quickly in the short term and support growth in the long term.
Many Professional Services firms do not know before it's too late whether their projects are profitable or not. But how late is too late? And what can you do about it?
Learn more about the change professional service firms can implement to make signinicant improvements to their profit margins
Professional Services firms can increase customer satisfaction and margins by reviewing and improving their business processes.
Can resource planning and management tools have an impact on a firms bottom line?
Professional Services firms can make a significant impact to their bottom line by asking the right questions about their resource utilisation and process efficiency.
Improving Operating Margin In A Consulting Engineering Firm - Where Technology Makes A Real Difference
When working to such a small operating margin, it is imperative that Consulting Engineering firms looks for ways to gain control over their projects and finances.
Legacy systems may be holding businesses back. Updating your ERP system will improve financial control and project visibility and enable your business to achieve growth targets.
CFOs are keeping a close eye on the balance sheet and every purchasing decision needs to be carefully analysed and justified. One of the most painful expenses of all can be technology, but there are substantial business benefits to be gained by investing in the right technology.
Being more strategic is increasingly important as CFOs move from being transactional holders of the purse strings to being business partners who deliver insights and guidance to the greater business.
Deltek Maconomy ERP Software enables you to improve resource management and project control so that you can increase your bottom line
The role of CFO is increasingly changing from operational to strategic planning. In this blog, Deltek UK's Senior Director of Finance explains how CFOs can deliver the business transformation required to enable a strategic finance function.
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