Industry Best Practice Guide for Financial Management

Industry Best Practice Guide for Financial Management

Architecture, Engineering and Consulting companies are undergoing rapid transformation and businesses are moving at an accelerated pace in order to keep up. The recent need for mobility coupled with increased competition and demand from clients puts pressure on margins. This has made it increasingly important to deliver projects on time and budget whilst ensuring efficient finance processes. Figure 1 illustrates functional areas and how an ERP or business solution combines both project management and finance functionality for complete visibility across the company.
This document provides process improvements and potential supplementary ERP solution information for consideration.