Deltek Announces Its Global Partner Award Winners for 2021

Deltek recognizes innovation and achievements of partners, including Baker Tilly, CrunchTech, ConstructConnect, Infotek Consulting, insightsoftware, Full Sail Partners, Silversoft, Smartsoftware and Stambaugh Ness

Herndon, VA – April 12, 2022 – Deltek, the leading global provider of software and solutions for project-based businesses, announced the winners of its annual Global Partner Awards during its virtual Partner Kickoff event held earlier today. This year, nine partners were recognized for their outstanding accomplishments in 2021.

The Deltek Partner Network amplifies enterprise software offerings for project-based businesses and expands the Deltek customer base around the world. Through Deltek partners, more companies can experience better project intelligence enabling them to make better decisions about their business and manage their unique projects in a collaborative and end-to-end platform.

This year, Deltek recognized the significant accomplishments of nine partners which represent the program’s systems integrators, value-added resellers, independent software vendors, accounting firms, and consulting firms:

 

“Deltek is proud to collaborate with our partner network, which enables thousands of customers to continue to strengthen their businesses,” said Natasha Engan, Senior Vice President, Deltek Global Sales. “It is an honor to recognize the outstanding achievements and innovation of these partners. We look forward to a fantastic year ahead with the Deltek Project Nation community as we continue to expand our program globally.”

To learn more about Deltek’s global partner ecosystem and the benefits of the program, visit https://www.deltek.com/en/partners.

 

About Deltek
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. www.deltek.com

Transform your engineering firm with these 5 emerging technologies

There’s a skills crisis looming that is not a product of poor training, but rather a symptom of the relentless march of technological innovation. 

Half of the business leaders who responded to the 2019 PWC Fourth Industrial Revolution survey expressed a concern about future job losses – with 55 percent of respondents saying that the biggest impact of this skills shortage on business is the “inability to innovate effectively.”

The impact of technological advancement is shortening the shelf-life of existing employee skills. While this reality can be disturbing, the emerging technologies driving these skills shortage are exciting and demand that engineering firms adopt a new mindset to embrace these changes.

These technologies also have the power to transform the current workplace into the digital offices of tomorrow that encourage levels of collaboration that we have never experienced before. This approach can also unlock new workstyles that can solve the biggest problems we face today.

These five emerging technologies are particularly beneficial in the engineering space:

  • Digital twins

Virtual models can be used to adapt or construct buildings and even whole urban infrastructures and cities to arrive at unique solutions. Digital twins are an important tool to reshape our urban spaces to drive down carbon emissions, while boosting economic efficiency.

Ernst and Young also reported digital twins can reduce carbon emissions in urban areas by between 50 to 100 percent, reduce operating costs for building asset owners by 35 percent and boost productivity by 20 percent.

Six steps to create a digital twin:

  • Equip your project/asset with IoT sensors to measure inputs and outputs
  • Connect the IoT sensors to a digital platform
  • Organise the collected data and prepare data sets for analysis 
  • Visualise the data with iterative models
  • Transfer to a 3D model or overview dashboard to inform decision making
  • Implement this data-guided decision in the physical world
  • Edge computing

Processing data close to the source and only sending the results to the cloud cuts down on storage costs and speeds up processes. Centralised cloud computing has yielded amazing products, including unlimited data storage and connected apps, but the security risks and a reliance on data connectivity has limited its use in high-security environments.

Edge computing provides shorter response times, lower bandwidth costs, and more robust data safety and privacy protection than cloud computing. 

What is edge computing? It moves compute power to the edge of where your local network meets the internet. This infrastructure is more robust and reliable and keeps data costs low by only utilising the connection when offloading the processed data to external storage.

Networking speed is also improved through local and peer-to-peer communication, which is a central component of the Internet of Things. In the future all the machine-to-machine communication that underpins autonomous driving will demonstrate the full potential of edge computing.   

 

  • Blockchain 

Cryptographic distributed ledgers create a digital log with a permanent record and can track assets. With blockchain contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. 

With an internal blockchain every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Individuals, organisations, machines, and algorithms can freely transact and interact with one another with little friction.

Three important advantages of an internal blockchain: 

  • Confidentiality can be incorporated in a private blockchain by encrypting the data on a chain.
  • Multichain tokenisation allows you to anchor the value of a transaction and you can link multiple chains 
  • Private blockchain can provide authenticated and notarised messaging services. 


  • Artificial Intelligence

AI can process large data sets in a short time and, through machine learning techniques, automate certain processes. The complementary nature of on-device machine learning and edge computing means that future IoT systems can operate semi-autonomously within defined parameters, freeing up human capital and compute power for other tasks. 

Applying AI to design can also speed up that phase of the work without resorting to copying and pasting templates. AI can dynamically place standard objects/features and suggest alterations in response to data from a digital twin.

 

  • Augmented Reality

The ability to overlay additional data or information on top of the real world will help visualise data in new and innovative ways. Technically digital twins can be described as augmented reality because the models you can design are tied to a real-world object. 

The metaverse may be the hot topic now but, outside of communications and entertainment applications, the concept of VR in the engineering workspace is not ideal. AR on the other hand combines all the strengths of VR, but doesn’t require you to depart from the meat space.

Ensure your firm is equipped to support innovation projects

While your firm is enhancing its solutions and gearing towards future-focused engineering solutions, it needs in-house software, including for project management, that supports this kind of innovation and forward thinking.

This workbook contains questions and prompts to help you brainstorm how you can use emerging tech to transform your processes. 

Download our innovation prompter by filling out the form below: 

 

 

All projects have their challenges and that will never change, but the sense of dread and déjà vu when a carefully executed plan goes off the rails can (and should) be avoided. If you find your team facing the same hurdles repeatedly, it might be because you have inefficiencies baked into your engineering workflow and that there’s a problem that needs to be solved.

Fortunately, with the right tools, people and processes in place, you can overcome these problems.

Here’s a look at six common project management challenges that tend to crop up in engineering firms and how you can tackle them:

  1. Complex collaboration

The engineering phase is a living, interdependent ecosystem of contractors and consultants who all need to prepare a path to success across multiple disciplines. One late drawing or overlooked amendment can cause major delays and have unexpected consequences.

Solution: Gain visibility into these dependencies early and communicate them to all stakeholders by deploying a single system that shares regular progress reports with all parties.

 

  1. Non-standard documents

Contractors all have their own unique processes and cultures, often operating on incompatible systems. Shared administrative culture can resolve many problems, and simply creating document templates can reduce the need for rework. They can be re-used across multiple projects and will improve the consistency of reporting.

Solution: Establish a database of document templates and distribute them to all contractors or firms working on the project.

 

  1. Poor auditing

Does your firm perform a thorough delay analysis every time a project is bottlenecked? If not, this might be part of the problem. A comprehensive document history and audit trail creates a culture of accountability and transparency. These audit trails can also be reviewed to streamline the project management process in future.

Solution: Establish a consistent paper trail for every decision and progress update. Project management software allows you to capture these paper trails digitally with a detailed timeline that cannot be tampered with.

 

  1. Missed cost savings opportunities

Open communication allows for the exchange of ideas that could unlock potential cost-saving opportunities. If everyone has the same overview of the project, then they can use their experience to suggest alternative methods or materials to complete a task more efficiently. A key component of this communication is having a team that is working from the same, correct information in real time.

Solution: A central, digital project plan (with the relevant details for each stakeholder) gives everyone an up-to-date view of the latest project details and progress, making it easier to spot cost saving opportunities.

 

  1. Poor relationship management

Establishing a clear communication strategy for each stage of the project is crucial to creating an efficient working relationship with project collaborators and, importantly, with your clients. That communications strategy is in place to serve relevant information to the intended recipient when they need it.

Solution: Give your client an overview of the project status and regular updates on any possible opportunities. A system that allows you to create a custom dashboard can speed up client approvals by giving them a space to submit job requests and view the project status.

 

  1. Unproductive conflict

The occasional dose of workplace tension often proves that those involved are passionate about doing the best job possible. Having a central open communications channel where stakeholders and collaborators can share ideas and voice their grievances enables you to channel that passion into a constructive debate or discourse, having a positive effect on the project.

Solution: Establish a project-specific communications channel alongside the project management process that is hierarchy free and allows the exchange of ideas.

 

The above challenges are nearly universal across engineering projects and can even manifest within well-functioning teams. A digital project management platform like Deltek Vantagepoint is a valuable resource to help keep the project management train on the rails.

Download this free guide to see all the ways that Deltek Vantagepoint can unlock productivity in your workflow.

When we first launched the product Deltek for Professional Services (DPS) in 2017, we went to market with a solid name that reinforced the focus on professional services organizations. Deltek for Professional Services provided a clear focus on project centric service industries, and the name served us well in talking about the next generation capabilities within the product. As we advance the capabilities of this product we wanted to take the opportunity to refine that name to reflect the promise of the upcoming full solution. Our next release will be called Deltek Vantagepoint. Why? Because when released Deltek Vantagepoint will be the only end-to-end, project-centric ERP solely focused on the Management & IT Consulting and Architecture, Engineering & Construction (AEC) industries.  This new release will give our customers an even better vantage point in all phases of the project lifecycle.

Deltek Vantagepoint reflects the unparalleled visibility customers will receive when the next release is delivered to market.  It delivers on our promise of a complete end-to-end, project-centric ERP solution for Consulting and AEC firms around the globe. By updating the product name, we’re able to rally around our brand and product promise, and drive our benefits-focused message into the industries we serve.

We’re looking forward to the release of Deltek Vantagepoint as the next version of DPS with a great new name.  As William Shakespeare famously wrote, “A rose by any other name would smell as sweet.”

Read more here

 

Project Information Management. Access critical firm-wide and document information in one central location

It’s a competitive world out there and whether you’re a lawyer, architect, engineer or contractor, the need to organize your emails and documents is critical. Organized information saves you time, and saving time saves money.

 

1. Are your emails overflowing?

People spend nearly 2-3 hours a day on email-related activities, consuming 20-30% of their business day. Firms with document information management systems spend minutes, not hours, with email.

2. Can you find your firms critical documents?

6 in 10 firms rely on network folders to manage projects, but face inconsistent file structures, accidental deletion, drag-and-drop displacement hindering productivity and negatively impacting utilization. Firms can proactively manage documents through the entire legal lifecycle instead of waiting until the matter is complete to start organizing files.

 3. How quickly can you find critical documents?

Firms can spend hours, if not days, tracking down critical project information, wasting valuable resources and critical project time. With project information management, firms can find drawings or documents completed yesterday, last week or last year in a matter of minutes.

 

4. Do your teams struggle to share & manage files internally & externally?

Only 9% of firms have a single enterprise-wide collaboration system. Yet, 75% believe sharing documents is the most important way to improve collaboration. 

 

 5. Is your firm’s information a liability or an asset?

The average cost of a single misplaced file is more than R1000. Think of that times the number of files in just a single project. An effective document management strategy could reduce cost by 30% and lower risk by 23%.

 

Register below to Enquire more information

By Jerry Lee

To adapt or to customize your ERP? This decision requires prudence when implementing an ERP system.

Often, business problems are tackled with a customization rather than evaluating if the business process can be adjusted to work within the base system design of the ERP. Businesses also often start applying customizations without fully understand any implications that may have an impact in the long run. There are times where custom functionality is needed and customization is great to get “what you want”, but what’s the catch? Let’s take a look at the pros and cons:

PROs:

  • It resolves specific required functionality not native to the ERP system. Even so, there’s more than one way to skin a cat, why customization?
  • We are living in a customizable world, in the era of new technologies allowing users to customize and personalize their own applications. Been accustomed to this flexibility, it becomes difficult for people to adjust.
  • Protect competitive advantages that have made organizations successful. This is what makes the organization unique from its competitors. Because it is unique, no ERP software is able to provide as an out-of-the-box functionality.

 

CONS:

  • Upgrades becomes more complex, costly, and risky because a special upgrade path will be necessary.
  • Help desks typically does not support customizations, this is because they do not have the knowledge of the customization.
  • Potential interference or incompatibility with future implemented modules if the customization is poorly designed.
  • Outdated (or zero) documentation is very common for customizations often due to delivery pressures.
  • Having to do your own testing extensively for every affected module in the ERP system, because you are the only one with this unique requirement.
  • The risk of customizing for the wrong reason. For every customization that has been identified, we need to ask if the customization is really necessary. It can be a possibility that the customization is required because the people does not want to adopt new business processes and software functionality. This could suggest that the organization should invest in change management to help people adapt to new ways of doing things rather than investing in customizations.

 

Customizations can be inevitable in organizations, the key is to understand the implications and find the right balance. And most importantly keep it simple because “Simplicity is a competitive advantage”!

 

Take Away: Applying Industry Best Practise

As feasibility allows, make efforts to implement the customization outside the ERP system. The customization can be either an interactive interface or a batch process as a standalone. This approach can be to your advantage over customizing your ERP in the long term. Having a standalone may mean not having a seamless interface but you need to consider the key advantages for adapting to your ERP:

 

  • Easier upgrade path allowing you to take advantage of the standard software upgrade releases with minimal upgrade effort.
  • Less time and costly to upgrade by eliminating custom functionality troubleshooting and debugging efforts.
  • Access to support documentation and knowledge-base because you are not the only one with the knowledge of the system’s functionality, information will be widely available.

Want to know more on ERP implementation? Download our ERP for dummies eBook below:

 

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.

 

 

 

 

 

The Professional Services sector has seen encouraging growth over the last few years. Firms across the consulting, architecture and engineering and legal have seen their level of business and headcount increase as its fastest pace since 2007.

So how have these best in class Professional Services companies managed to grow so successfully? We look at three examples – Hill & Knowlton EMEA Agency, Elden Law Firm and RAMBØLL Consulting Engineering Firm – to see how they have leveraged project-based ERP to solve their key business challenges and increase transparency within their organisations to enable further growth.

Learn how your organisation can follow the lead of these forward-thinking companies with project-based ERP, a strategy for growth and the right behaviour for embracing change.

Find out how three Professional Services companies are using project-based ERP to solve their key business problems. Download eGuide below.

Key Performance Indicators (KPIs) will vary from business to business and industry to industry. The metrics that matter to a Manufacturing business will not necessarily matter to an Accounting practice. When determining KPIs for your business, it’s important to assess your core activity and understand what you need to measure in order to measure your business value over time.

For project-based, Professional Services firms there are certain KPI’s which are essential to measure. These KPIs will likely be the same across Architecture, Consulting, Engineering and Legal Firms.

In a study by IDC – Managing your firm for growth – Professional Services firms were asked to identify the KPIs that matter most to their business and the results clearly show the top 10 KPIs which all Professional Services firms should measure. In this blog, Deltek specifically looks at the four metrics that every CFO or Finance Director needs to know and how to measure them. Namely Revenue Growth, Days Sales Outstanding (DSO), Customer Lifetime Value and Market Share.

Read the rest of this article HERE.

If you want to find out more about KPIs for Professional Services Firms you can download our Ultimate Guide to KPIs for a Project Based Business Below.

According to a survey by CIPD, a third of businesses don’t measure their productivity. Many of those that do measure it appear in practice to be thinking about business performance more generally.

What is productivity?

Productivity is the work generated by companies and their employees with the resources they have.

It is thought that, in the UK, productivity has been at a standstill for seven years due to companies not investing in their employees and required resources.

Improve your productivity

To learn more about the 5 tips to improve your productivity and become more efficient at work, click here.