Improve Financial Management

Case Study: How Solutions360 helps SVT make better business decisions

Posted on June 28, 2017 in Achieve Business Growth ,Blog ,Improve Financial Management ,Increase Project Profitability by
Case Study: How Solutions360 helps SVT make better business decisions

Roman Burchart remembers the days when project costing at SVT was time-consuming and rife with tedium and murkiness. “We had very limited visibility into our actual project costing,” says Burchart, the Chief Operating

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Give your PMO cost information in real time – and build an ownership culture

Posted on May 13, 2016 in Blog ,Improve Financial Management ,Increase Project Profitability by
Give your PMO cost information in real time – and build an ownership culture

There’s a vast echoing gap between the mindset of accounting and project management in most businesses. It has a lot to do with time: The PMO works with a today-and-tomorrow mindset – getting the project done, on time, to specs. Accounting works with a history mindset – keeping track of things that have already happened in order to report, analyze profitability, be compliant, and invoice. That gap hurts your PMO and your overall bottom line. Mind the gap! Most Project Management Offices (PMOs) are good […]

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You know you’re ready for Enterprise Resource Planning (ERP) when…

Posted on December 21, 2015 in Achieve Business Growth ,Automate Operations ,Blog ,Improve Financial Management ,Increase Project Profitability by
You know you’re ready for Enterprise Resource Planning (ERP) when…

There is a tipping point in every business when the small, nimble team that worked its magic for years starts to degrade under the weight of data. Too many customers to keep track of in your head, larger projects require more juggling to keep track of schedules and costs in a timely manner and the pressure to react just as quickly and effectively keeps increasing as you continue to grow. Typically the first reaction is to hire another (non-billable) person to compile the information. The […]

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Project Under-Billing Can Be Your Undoing

Posted on February 5, 2014 in Achieve Business Growth ,Automate Operations ,Blog ,Improve Financial Management ,Increase Project Profitability ,Q360 by
Project Under-Billing Can Be Your Undoing

Accurate and real-time data is critical to proper cash flow management, and under-billing long-term projects is a leading cause of cash crunches Never fund customer projects with your own money. It’s great advice that can be difficult to heed, especially during large, long-term engagements, but ignore it at your peril. Running projects smoothly and on schedule does not automatically make them profitable, and those that are large and lengthy can be challenging to scope out properly. If you’re not set up for accurate job costing […]

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Job Costing Critical Piece to Preserving Margins

Posted on November 18, 2013 in Blog ,Improve Financial Management ,Increase Project Profitability ,Industry Discussion ,Solutions 360 by
Job Costing Critical Piece to Preserving Margins

Addressing problems quickly can help save projects that might otherwise be doomed. November 18, 2013 | by D. Craig MacCormack Commercial Integrator Magazine If you’ve been victimized by a profit-sucking job that spiraled out of control before you knew what had happened and had to resort to correcting your procedural mistakes before the next job rather than addressing them before the problem worsened, there is hope. In his NSCA Best Practices Conference session “Job Costing: An Execution Guide for Operations,” Solutions360 president and CEO Brad Dempsey taught attendees some […]

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What Every Integrator Needs to Know – NSCA Web Series

Posted on July 16, 2013 in Achieve Business Growth ,Blog ,Improve Financial Management ,Increase Project Profitability ,Q360 by

Business Intelligence Presented by: Brad Dempsey, President/CEO of Solutions360 Inc. Successfully growing your business means you utilize data to steer your company in the right direction.  Understand how to develop a dashboard that measures company performance. Learn the top 5 things every business owner should know about their business, how to assemble and present that information Learn the top 5 things every business owner should know about their business from John Graham

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When you can’t trust the numbers, what do you do?

Posted on May 27, 2013 in Achieve Business Growth ,Blog ,Improve Financial Management ,Increase Project Profitability ,Q360 by

“Our business is in growth mode” Says Kelly McCarthy, CEO of Genesis Integration, “and when we tried to get data from the CRM program, the project management system and accounting system to get a clear view of the business, I couldn’t trust the numbers.” When a building is being built that requires audio/visual set ups, Genesis Integration does the design and install. Genesis is a construction company that knows audio/visual. Although the three systems Genesis used were linked, too much time was spent managing three databases. The information was not linked in terms of […]

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