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Financial Metrics that matter most to your Firm

Good news for Architecture & Engineering (A&E) firms large and small – financial performance remains stable across the industry as uncovered by the 39th Annual Deltek Clarity A&E Industry Study.  That being said, the environment is not without challenges.

Overall, firms reported an increase in operating profit, but they also saw an increase in overhead rates coupled with decreases in utilization, net labor multiplier, and net revenue per employee. All of this indicates a stable, but potentially challenging environment. Here are a few of the key highlights from this year’s study:

  • Average operating profit on net revenue was 13.2%, up just slightly from 13% last year
  • Utilization rates dropped slightly this year to 59.4% from 60.0%
  • The net labor multiplier saw a decrease to an average of 2.96, down quite significantly from a spike of 3.02 in 2018
  • Firms saw a change in direction for overhead rates for the first time in five years, increasing from 154% to 155%
  • The average collection period dropped by one day to 71 days

Download Full Report here

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Project Technology for AEC Firms: 10 Reasons Why Now is the Time to Take Advantage

Are your information challenges caused by technology misuse? AEC firms are dealing with the advent of collaboration, social media, email, and other forms of electronic communication causing a myriad of information and process silos. Here are a few thoughts on why now is the right time to take advantage of project technology to help you manage your information.

Read the 10 Reasons below

eGuide: 4 Ways to Avoid the Pitfalls of Over-Servicing

Increase your agency’s profit margins with accurate scoping, resourcing and job delivery

It’s Time to Take Control and Stop Over-Servicing within agencies and other professionals services firms the assumption tends to be that over-servicing is a given to keep projects on track and clients happy, and for big contracts, the impact on the margin is minimal. In reality, however, clients of all sizes can often be over-serviced to such an extent that your margin becomes greatly reduced.

Now is time to take control of the great black hole caused by over-servicing. Deploy the systems, processes and metrics that can bring your job profitability back on track.

Download this eGuide to learn more

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2018 Professional Services Maturity Benchmark Report

Metrics to evaluate and improve your consulting firm’s performance

Chart your course to service excellence today. Fill out the form for your complimentary copy of the SPI Researh 2018 Professional Services Maturity Benchmark Report. The report features hundreds of pages of metrics that matter to your firm, with insightful graphs, charts, analysis and advice for performance improvements.

Download Free Report below

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The 39th Annual Deltek Clarity A&E Industry Study Report

The 39th Annual Deltek Clarity Architecture & Engineering Industry Study

In-depth industry analysis to help you benchmark your firm and improve your results.

Get the latest A&E industry benchmarks, future trends and historical analysis for key areas of your business including financial management, business development, project management, and human capital management.

Download the free report here!

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Why your Firm can’t live without Deltek PIM

Deltek Project Information Management

Learn the Top Project Management challenges and how Deltek PIM can help your firm minimize Risk.

  • Organize Project Files
  • Manage Project Emails
  • Quickly find Critical Data
  • Improve File Sharing
  • Protect your Firm
  • Integrate with your ERP system

Request this PP presentation to learn more

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Insight to Action: The Future of the Professional Services Industry Report

Download Insight to Action: The future of the professional services industry

The Professional Services industry has always been deeply rooted in ground-breaking expertise and innovation. But as our research shows, many firms are struggling to keep pace with evolving operational models, client pressures and new technologies which are disrupting the industry.

Download your copy of the report today to keep abreast of what the future holds for professional services organisations. Find out what your peers, whether they are the CEO in a global organisation or a CFO in a niche firm, have identified as key business and industry opportunities and threats. Use their insights to set your business up for success.

Download Report here

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Postmodern ERP: A Business Case Tutorial

Creating a solid business case and demonstrating ROI – the foundations for any successful ERP project

Creating a business case is time-consuming and contentious, yet foundational for successful ERP projects. Working with their business peers, CIOs should follow the process outlined here to document the business case in order to understand a given ERP project’s potential benefits.

To assist with preparing your organization with the challenges that lie ahead, we’re pleased to share with you a complimentary copy of an in-depth Gartner report on why creating a rock-solid business case and demonstrating ROI is critical for any successful ERP project. Please get in touch so we can discuss how Deltek can help you better understand the full potential benefits of an ERP solution for your business and how to achieve those.

Key Findings

  • Postmodern ERP projects are as much about business processes and organizational change management as they are about technology.
  • Postmodern ERP projects’ postimplementation value is hard to determine when no ROI is articulated and no baseline assessment is created before the project starts, as no before-and-after comparisons are possible.
  • Although business cases must be reviewed and updated regularly, most organizations never get them off the shelf once they’re approved.

Access Report here

Gartner Report: The Tide is Shifting to Project-Based ERP & PSA

Gartner Report: The Tide is Shifting to Project-Based ERP & PSA. Why Services Firms must move to integrated, industry specific solutions.

In the past, professional services firms were forced to choose enterprise software systems built for manufacturers and distributors with bolt-on applications that were never truly integrated. Clearly, that’s not the ideal solution for services firms that prosper by delivering on-time, on-budget engagements for clients.

The world has changed, and now services firms can have it all with purpose-built PSA and ERP solutions built for their industry and the way they work.

Download the report below

Integrated Project & Portfolio Management

Achieve End-to-End Project Management with Deltek’s Integrated Project & Portfolio Management (PPM) Suite

In today’s complex business environment, the more aligned an organization’s people, processes and tools, the better it becomes at executing projects and delivering exceptional results.

Download this Infographic to learn more.