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Professional Services Accounting Software

Professional Services Customer Focus with NMSCustomer-Focused Businesses need Customer-Focused Accounting Software

Service businesses are customer centric organizations. Sales are based on customers, marketing is based on customers, the allocation of company personnel is based on customers, the billings are based on customers, and related purchases and expenses are based on customers. When companies are focused on the customer, they need the ability to report all activities based on the customer.

When companies do not have the proper software to keep track of their activities by customer, a chaotic manual process to assign employees' time with their rates and their travel expenses to the customer and to assign purchase expenses ensues. If you have issues assigning the billable rates and expenses to a customer, it is harder to keep track of your customers' billing processes. Your organization wastes many hours compiling billing information and resolving errors created by a manual process or by an incomplete electronic process. You can also spend many hours producing Excel reports to gain information about your customers' spending habits, about which employees are underutilized, about the status of projects and when they are over budget, etc.

You may also have projects where you will need to recognize revenues at various intervals for your financial reporting. Manually tracking revenue recognitions can be very time consuming and error prone.

Project Accounting processing that is chaotic and in distress due to manual or incomplete electronic processes will cause your Organization to spend time and money on activities that do not support your business processing needs and growth.

Accounting Project Task Chaos | NMS

Customer Centric Project Cloud Accounting

Intacct's cloud accounting software can create a central source of project information for your Organization. New Millennium Solutions will partner with your Organization to build an accounting environment that will streamline your project accounting processes, provide timely and relevant reports, automate billing processes, integrate your CRM with Intacct, and provide revenue recognition schedules using Intacct's cloud accounting software.

Change your Organization's processes from chaos to order with Intacct's cloud accounting software.

Accounting Project Tasks Organized | NMS

Intacct's functionality can provide your Organization with the modern processes it needs to efficiently support your Organization's growth:

  • It creates reports that stay current on projects' status with flexible reporting and determines your most profitable customers.
  • It automates your customer billing process.
  • It captures employee time and expenses for each project.
  • It assigns budgets to your projects and displays reports regarding the variance amounts.
  • It allows you to utilize Intacct's various revenue recognition options.
  • It integrates SalesForce with Intacct pre-built integration or allows you to build an integration for your CRM.
  • It allows you to use the browser and internet connectivity for any-time and any-where accounting access. This access frees your Organization to use personnel resources that are not at any specific location.
  • It has mobile accessible dashboards, reports, and graphs that provide your Organization's leaders, managers, auditors, and other interested parties with visibility.
  • It allows you to design a multi-entity environment to keep track of all your companies/business units/satellite offices that can share common master records like GL accounting numbers, vendors, customers, projects, special events, etc.
  • It handles multi-currency transactions for your international activities.
  • It allows employees to enter both expenses for reimbursement and purchase requisitions, and Intacct will automate the approval process.
  • It allows you to customize Intacct with custom fields, smart rules, smart events, and program functionality to meet your Organization's specific needs with Intacct's Platform Services.
  • It provides 4 annual upgrades, unlike on-premise upgrades that can take up to 2 years and sometimes longer before they are available, and then your Organization is responsible for the upgrades themselves or for obtaining external talent that can perform the upgrades for you.
  • It eliminates the on-premise hardware and software and allows you to re-assign personnel resources with cloud accounting software.

New Millennium Solutions can help your Organization focus your time on strategic initiatives instead of spending your time on manual processes that should be automated and spending hours trying to resolve data entry errors.

Contact NMS to learn more about Intacct's project accounting for your organization