Remove Cash Flow Remove Efficiency Remove Finance Remove Information
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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

Effective KPIs should answer specific questions about the business, enabling informed actions. People often generate nearly 80% of the industry’s revenue, making efficient resource management critical. Measuring utilization informs decisions regarding hiring, outsourcing, skill development, and workload distribution.

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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

The Power of Project Management Software: Project Management software is engineered to assist teams in organizing, tracking, and completing projects efficiently. When to Use: Ideal for businesses aiming to enhance operational efficiency, manage multiple projects simultaneously, and foster team collaboration.

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Unlocking Business Profit Potential

Business Consulting Agency

Review income statements, balance sheets, and cash flow to identify areas that impact profitability. It might involve cost reduction, pricing optimization, revenue growth, or operational efficiency. Operational Efficiency : Optimize your business processes to reduce waste and improve efficiency.

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7 Critical Success Factors for Project Based Firms to Consider in 2024

Progressus

The Power of Unity Firms need real-time insights into the entire business – finance, project accounting, sales, everything – otherwise multiple versions of the truth will start showing up in budgets, estimates, and forecasts. It prevents you from generating reliable cash-flow forecasts and makes it incredibly difficult to manage resources.

Agile 52
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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. “The decision-makers will want to see a simple model that shows revenue, costs, overhead, and cash flow,” he says. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score.

Finance 28
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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

This example illustrates that investors consider information beyond just earnings as value-relevant. Information on revenue and its drivers are, without doubt, the digital companies’ most value-relevant disclosures from the investors’ perspective. What caused this slump? Investors should have access to those estimates, too.

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Stop Focusing on Profitability and Go for Growth

Harvard Business

So, in real terms, debt financing is essentially free. Next time you're deciding about a big investment, NPV can help you make a more informed decision. Equity cash flows, in turn, are a function of a company’s long-term return on equity (ROE), growth, and the value of shareholders’ equity on its books.