Professional services firms - think financial, legal, technological, etc. - are in a tight spot, with intensive competition from newer and bigger competitors resulting in downward price pressures. That's on top of constant challenges with compliance.
To gain a competitive edge, professional services businesses need to: integrate key teams including project management and finance; accelerate processes like reporting, consolidation, and recurring billing; plus streamline and standardise revenue recognition and amortisation for improved visibility over cash flow and the impact of expenses.
At AFON, our clients in the professional services industry have benefitted from ERP deployments and integrations, helping them stay compliant, manage their receivables and payables better, accelerate consolidation, and more. Solutions for your professional services business include:
Revenue recognition and recurring billing functionality help you understand your true cash flow position and simplify complex billing policies.
Comply with regulations and account for the true impact of asset expenditure across multiple financial periods with integrated amortisation functionality.
Gain improved visibility and quickly create reports that give you insight into per-subsidiary and group financial performance, while staying compliant.
Get fast insights into key performance indicators down to single departments and projects. Budget with boosted accuracy and confidence using multiple What-If scenarios and complex modelling.
Bank feeds save you time otherwise spent on keying in transactions. Automatically process EFT payments, refunds, direct debits, multiple payment batches etc. with e-Banking functionality.
Save on upfront investment, infrastructure maintenance, etc. costs when you invest in a true Cloud ERP system. Or outsource your IT to us and reduce costs while tapping on the expertise of certified professionals.