Microsoft Dynamics AX for the Professional Services Industry
Sevices firms are challenged with selling an intangible product that is difficult to quantify and ever changing. Profitability requires that projects are estimated correctly and completed on time while they meet or exceed customer requirements. To succeed, companies must adopt strategic and comprehensive financial, project, and resource management practices. Companies can adopt these practices with an information technology (IT) infrastructure that allows people to share data, work together, and make effective decisions. Microsoft and AX CONNECT deliver solutions that can provide increased profitability and unmatched client service for firms that provide services, such as information technology, management consulting, media and entertainment, engineering, architectural and accounting firms.
Professional service solution news
To help services firms meet these challenges, Professional Services for Microsoft Dynamics AX delivers a single system to manage projects and resources, execute financial transactions and customer billing, and match resources with client assignments. This industry solution extends the core capabilities of Microsoft AX. Professional Services for Microsoft Dynamics AX helps service companies connect employees, customers, and business partners. It can help you improve customer satisfaction and increase employee productivity, and it provides the flexibility you need to seize new market opportunities. By streamlining your internal processes, you can reduce costs and increase earnings, easily adapt to support your business as you pursue new and bigger opportunities, identify the real costs associated with each service or project, and connect with your customers to help turn your service quality into a competitive advantage.
Professional Services for Microsoft Dynamics AX
Professional Services for Microsoft Dynamics AX delivers project management tools and methods that equip you to proactively and effectively organize projects and manage time, equipment, and employees. With a solution that adapts to the way your company works, you can increase profitability, offer unmatched client service, and accelerate billings, while you control costs through tighter integration of client- and project-related information.
Professional Services for Microsoft Dynamics AX - Features
Integrate financial, resource, task, and intellectual capital information to streamline company and project-related resources and improve accuracy.
Increase efficiency and employee productivity.
Configure work breakdown structures (WBS) at the company, client, product, and project levels.
Define matrix tables for costs and rates.
Establish billing rules and revenue recognition methods.
Gain insight into critical business information and trends with consolidated client and project information.
Help ensure that teams follow corporate policies.
Adhere to industry best practices, client standards, and government regulations.
Centralize the management of and access to critical company information.
Define accounting structures.
Drill down to any level of detail
Manage accounts effectively.
Track and analyze transactions across your entire organization.
View client, contract, budget, and project management details to monitor profitability and avoid cost overruns.
Automate approval processes for documents and line items.
Streamline processes for cash advances, travel advances, and credit card reconciliation.
Track estimated versus actual costs.
Document and Intellectual Capital Management
Reduce the loss of valuable intellectual capital due to employee attrition.
Provide team members with access to intellectual capital and consolidated project information.
Manage projects and resources more effectively.
Analyze costs and projects at any level of detail.
Client Profile Archives
Archive and retrieve historical staffing plans, out-of-pocket estimates, and budget reconciliations.
Manage supplier and client agreements more effectively.
Define recognition at the company, client, or project level.
Pre-configure rules for percent complete, completed contract, time and materials, and fixed fee.
Multi-company and Multi-currency Support
Operate smoothly across countries, languages, and currencies.
Track financial transactions throughout your business.
Integration with Familiar Software
Use familiar productivity software, including Microsoft Office Excel and Microsoft Office Word.
Streamline financial processes with Microsoft Dynamics AX general ledger, purchasing, and receivables applications.