Maconomy is a global provider of industry-specific business solutions for professional services companies and marketing communications organizations.
Our business solutions will enable your organization to optimize project and resource management, manage costs and drive the profitable behavior of your team.
Our fully configurable web-based solutions builds upon more than 17 years of research and development specifically focused on your industry, in order to enable you to optimize resource usage, manage costs and ultimately promote profitability throughout your organization.
Since 1989 more than 85,000 users in over 50 different countries have turned to Maconomy to make their people profitable.
Consulting Solution
For professional services organizations engaged in Engineering consulting, IT Consulting, Management Consulting, and other Consulting services.
Reduce cost overruns
The Maconomy Consulting Solution simplifies every step of the project life cycle. The solution enables your sales force to create realistic budgets as early as the sales phase. Because your estimates transfer directly to projects, they can form the basis of the base-line budget. You can thereby reduce the risk of losing money because of inconsistency between sales estimates and the project manager’s baseline budget. Employees can register time, expenses and estimated time to completion. This information is used by project managers when monitoring and reporting project progress, where estimated time to completion is measured against the baseline budget.
Decentralize and optimize processes
The Consulting Solution provides automated workflows for the common administrative processes - from project creation and time reporting to receipt of customer payments.
To-Dos and Alerts are pushed directly to your desktop. Capturing the time used on odd jobs during the day without having to register a job number or task can boost profits. Consultants working on customer sites have access to Maconomy through the Internet, which ensures that time and expenses hit projects promptly. The solution enables you to decentralize invoicing and invoice time and expense entries directly upon completion, which improves your company’s cash flow.
The solution provides support for creating new projects, sales estimates, project work breakdown structure, budgets, and assigning resources.
In addition, the solution includes automatic reminders for approval of time sheets, expenses and budgets as well as warnings regarding potential and actual budget overruns.
One Integrated solution
Maconomy integrates financial control and project management in one solution. With this unique combination, managers can view and drill into revenue and profit by company, business unit, department, customer, project, and employee. All financial and project related information is viewed in real-time. Even companies with multiple geographic entities and currencies are able to use consolidated real-time data for informed decision making.
Increase utilization of resources
Fully utilizing resources is among the greatest challenges facing consulting companies today. The Maconomy Consulting Solution provides an instant, online view of resource loads with easy access to viewing, creating and changing bookings. Access to skill levels and availability of your staff makes selection of the right people for projects simple. With a company-wide view of employee skills, capacity and expected load you can detect overcapacity and skills shortages early on, enabling you to proactively address low utilization and staffing overload.
Projects made profitable
Maconomy enables companies worldwide to optimize finance management, project costing, project management, business intelligence, and resource planning in one integrated ERP solution. It provides a fully integrated set of financial ledgers and project management functionality supporting the entire project life cycle.
The solution incorporates all our knowledge of industry best practice functionality that Maconomy has developed since 1989 as a provider of preconfigured industry solutions for professional consulting services organizations. Key capabilities include:
Time and expense management Resource management
- SpeedSheet for fast and accurate registration of time
- Ensure that only valid tasks are used by assigned resources to projects
- Automatically inform employees when their time sheets are due or late
- Microsoft Outlook® integration
Complex project management
- Set baseline for large projects
- Handle long-term projects divided into stages via Work Breakdown Structure in Maconomy
Project costing
- Set prices and estimates for tasks and/or consultants in the project opportunity phase
- Create project based on templates or previous projects’ data
- Convert project opportunity budget to contract baseline
- Estimate scope of each task
- Assign resources to tasks
- Estimate time and resources needed to complete projects
- Microsoft Project® integration
Resource Management
- Allocate resources through automatic links from the resource plan to project budget
- Complete resource overview and easy allocation
- Assign work to employees by finding tasks for which they are qualified
- Provide employees with an overview of their bookings
Vendor invoice handling
- Manage vendor invoices using an automated workflow for registration, distribution of scanned invoices, allocation to projects, and approval
Financial and project management
- Give project and line managers immediate access to project reports showing budgets with actual and committed amounts
- Automatically link projects to the General Ledger
Customer invoicing
- Full workflow for distribution of invoices and responsibility to project managers and
managers
- Handling of multiple customers on invoice
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