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3 Project Lifecycle Changes that will Maximise your Profit

Discover how transparency provided by ERP software can increase resource utilisation and profitability.

 

Focusing on your project lifecycle as a whole is one of the best ways for Professional Services companies to optimise efficiency and hence profit margin. Resource utilisation, time from proposal to completion and time from completion to payment are three key aspects of a project lifecycle which can maximise profitability if carefully managed.

Our slideshow explores how, by concentrating on these three aspects of your service delivery, you can ensure that you have the right people working on the right projects and, most importantly, the cash keeps on flowing. Read on to discover how ERP software can give you the right information, in real time, to ensure better project management and margin control.

 

 

 

 

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Deltek acquires Union Square

On July 20, 2016, Deltek announced that it has acquired Union Square, a provider of world-class project information and collaboration software built for the unique needs of Architecture, Engineering and Construction (AEC) practices around the world. Union Square improves the quality and accuracy of information and enhances project team collaboration by delivering a single solution for managing vital project information such as contacts, emails, drawings and documents.

Deltek, the global ERP market leader in the Architecture and Engineering industry, works with over 12,000 AEC firms around the world. Deltek powers the complete project lifecycle for AEC firms of all sizes through cutting-edge business development, project and resource management and financial management solutions. By acquiring Union Square, we will not only be the system of record for all activities and transactions around winning and managing projects, but will now also be the center for all information generated throughout the project management process.  Deltek will empower AEC firms to unify project transactions and information, enabling them to manage projects faster and more profitably than ever before.

Helping you manage and collaborate on your critical project information

Like Deltek, Union Square understands the needs of AEC firms around the globe. Together, we will enable AEC firms to store, organize and leverage a complete set of information around each project – ensuring that project teams can collaborate effectively as they successfully manage projects for clients.  Union Square’s features include:

  • Document Management
    • Robust workflows that drive consistency and effective QA processes, by enforcing a single methodology for how your practice manages information
    • Easy access to information and the ability to save, find, access and share information across the firm
    • Prevention of documentation duplication – ensuring everyone always accesses the latest document
  • Email Management
    • Ability to save emails from Outlook in just two clicks
    • Ability to save just one copy of an email and avoid duplication of email storage
    • Ability to save all project correspondence and attachments centrally and permanently
  • Drawing Management
    • Enhanced consistency across projects by creating drawings from a schemes library to meet CAD standards
    • Improved drawing production by providing a single ‘work to’ list per project, including the option to assign ownership and completion deadlines
    • Ability to search across project portfolios and clone drawing numbers from template projects to speed up the production of new drawings
  • Revit Integration
    • Quicker creation-to-issue processes, driving consistency across design documentation and delivering quality output in line with firm’s practice standards
    • Synchronized model sheet information with live drawing register and monitor approval/issue status at the click of a button
  • Contract Management
    • A central system to create, monitor and complete key communications, such as Requests for Information (RFIs) and Technical Queries (TQs) – ensuring mission-critical information is just a click away
    • Standardized contract management documentation to ensure brand consistency, using templates to create forms and workflows
    • Better support for project management responsibilities by controlling contract forms, such as Change Requests, Supervising Officer Instructions (SOIs), Interim and Final Valuation Certificates and Practical Completion Certificates

While Deltek will be offering Union Square as a standalone platform, we will also be integrating Union Square into key parts of our existing ERP solutions. To see Union Square’s solutions in action, please pre-register for a webinar on this topic here. We will also be talking much more about Deltek and Union Square at our Insight 2016 User Conference in November, attended by thousands of AEC professionals each year.

Mandela Day 2016

Silversoft Proudly sponsored Afrika Tikkun event at Wanderers Stadium for Mandela Day. It was wonderful to see so many talented kids who are supported by Afrika Tikkun dancing and playing different sports. It was a great experience for the Silversoft Team.

Click HERE to see photos of the event.

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Webinar: Benchmarking Project Management at Your A&E Firm with Deltek Clarity

Benchmarking Project Management at Your A&E Firm with Deltek Clarity

As part of this year’s Deltek Clarity A&E Industry Study webinar series, join us to take a deeper dive into the project management metrics that matter most to your firm. Discover how your firm’s project management performance compares to the industry and where there is room for improvement. This complimentary webinar will focus on key areas including:

  • Project management overview
  • Top project management challenges and initiatives
  • Project management performance benchmarks
  • And much more

All registrants will receive a complimentary copy of the 37th Annual Deltek Clarity A&E Industry Study covering the latest industry performance data. The report provides you with succinct analysis of dozens of A&E-specific KPIs to identify where your firm is doing well and where it can improve.

Speakers:

Brian Siefkes, Product Marketing, Deltek.

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Title: Benchmarking Project Management at Your A&E Firm with Deltek Clarity

Date: Wednesday, July 13, 2016

Time: 7:00 PM South Africa Time

Duration: 1 hour

Register Below

 

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A&E Webinar Series

Watch On Demand: The 37th Annual Deltek Clarity A&E Industry Study Results

Discover how your A&E firm’s performance compares to the industry with the 37th Annual Deltek Clarity A&E Industry Study. Our complimentary webinar series will help you evaluate yourself against a wide range of A&E firms in these critical areas:

  • Finance
  • Project management
  • Business development
  • Talent management

All registrants will receive a complimentary copy of the 37th Annual Deltek Clarity A&E Industry Study covering the latest industry performance data. The report provides you with succinct analysis of more than 20 A&E-specific KPIs to identify where your firm is doing well and where it can improve.

List of Webinars on Demand:

– Benchmarking Financial Performance at Your A&E Firm with Deltek Clarity – Tuesday, June 21st, 7PM

– Benchmarking Project Management at Your A&E Firm with Deltek Clarity – Wednesday, July 13th, 7pM

– Benchmarking Business Development at Your A&E Firm with Deltek Clarity – Tuesday, August 16th, 7pM

– Benchmarking Talent Management at Your A&E Firm with Deltek Clarity – Tuesday, August 23rd, 7PM

Register Below

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Free Webinar: Finding Qualified Talent Fast

Join us for the second of a five-part series, based on the informational book, Talent Management for Dummies, Deltek Special Edition.

Are you struggling to find quality candidates and fill positions fast? You’re not alone! These are the two biggest challenges facing organizations today.

Most organizations find it hard to attract good talent. However, a carefully planned talent management strategy lets you know your resource needs ahead of time, be competitive, hire the best talent faster than the competition, and stop wasting time interviewing unqualified candidates.

During this second webinar in the series, Find Qualified Talent Fast, Deltek expert Kathryn Gordon will focus on how to effectively streamline your process to find, attract, qualify, hire and onboard qualified talent for your organization.

Attendees will learn:

-The importance of forecasting your workforce needs to know when you need talent
-How to get qualified candidates to hiring managers fast
-What hiring milestones to track to be most successful
-Why the onboarding process is as critical as the hiring process

Download the Recording of the Webinar here:

 

 

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Webinar: Benchmarking Financial Performance at Your A&E Firm with Deltek Clarity

Benchmarking Financial Performance at Your A&E Firm with Deltek Clarity

As part of this year’s Deltek Clarity A&E Industry Study webinar series, join us to take a deeper dive into the financial key performance metrics that matter most to your firm. Discover how your firm’s financial health & performance compare to the industry and where there is room for improvement. This complimentary webinar will focus on key areas including:

  • Financial performance overview
  • Top financial challenges and initiatives
  • Key performance benchmarks

All registrants will receive a complimentary copy of the 37th Annual Deltek Clarity A&E Industry Study covering the latest industry performance data. The report provides you with succinct analysis of dozens of industry specific KPIs to identify where your firm is doing well and where it can improve.

Speakers:

Chad Livingston, Senior Manager, Consulting, Deltek.

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Megan Miller, Product Marketing, Deltek.

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Title: Benchmarking Financial Performance at Your A&E Firm with Deltek Clarity

Date: Tuesday, June 21, 2016

Time: 7:00 PM South Africa Time

Duration: 1 hour

Register Below

 

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A Forrester Consulting Through Leadership Paper

A Guide To Profitably Winning And Delivering Projects For Project-Based Businesses

Project Firms Need Integrated Project Life-Cycle Management To Thrive.

Project firms, ranging from government contractors to professional services providers, manage a cycle of activities. This cycle includes identifying and winning projects; assembling the team skills and materials the project firms need to complete projects for revenue; and billing according to agreed upon terms, while tracking project, program, and resource profitability.

Streamlined competence across the bidding, project execution, accounting, and billing life cycle is critical to a project firm’s success. Yet the ballast of multiple point solutions constrains many from making headway in winning and delivering complex engagements in the teeth of a gale of competition, combined with a wave of skills shortages and a squall of revenue and earnings recognition regulations.

Download this guide to learn more here:

 

Architecture & Engineering Industry Study 2016

The 37th Annual Deltek Clarity A&E Industry Study Results

Discover how your A&E firm’s performance compares to the industry with the 37th Annual Deltek Clarity A&E Industry Study. This report will help you evaluate yourself against a wide range of A&E firms in these critical areas:

  • Finance
  • Project management
  • Business development
  • Talent management

The report also provides you with succinct analysis of more than 20 A&E-specific KPIs to identify where your firm is doing well and where it can improve.

Download the report below

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5 Steps to Increase Profits Margins

Download below the Step-by-step Guide: Increase Profit Margins by Improving Efficiency

In a project-based business, there are two clear cut ways to increase company profits:

• Raise your prices

• Improve your operational efficiencies

Raising prices risks alienating your existing customer base and could potentially price you out of the marketplace.

Therefore, improving operational efficiency is a far smarter choice in the first case. So, here are the steps you need to take to ensure you are operating efficiently and boosting profit margins.

 

Fill the form below to download this Ebook to Learn More