Your entire organisation will benefit from efficient back-office processes that effectively support your business with seamless workflows between front-office and back-office staff. Project and Finance managers can reduce the time from delivery to cash collection, and match vendor payables with client receivables to free up working capital.
The common challenges affecting billability and cash flow include: Loss of billable hours, slow client invoicing process, lack of Work in Progress (WIP) aging control, weak A/R aging control, and high Days Still Outstanding (DSOs), scope creep in fixed price projects causing reduced billability.
With Deltek’s expert solutions for the professional services industry, you will grow billability and improve cash flow by:
- Ensuring fast and complete time registration – anytime, anywhere – to prevent loss of billable hours
- Invoice ASAP to improve cash flow – decentralise responsibility – and ensure tight WIP aging control
- Maximising the revenue being invoiced to client
- Ensuring smart handling and instant invoicing of small jobs to improve cash flow
- Managing change requests actively to prevent budget overruns and reduced billability
- Controlling A/R aging to reduce DSO’s
- Getting a full insight in cash flow to ensure efficient operations
Contact us today to realise the measurable impact a Deltek solution can have on improving your cash flow.
Discover the benefits a Deltek ERP solution will deliver to your Professional Services Organisation: