Engineering and architecture
The managers of engineering companies and architectural firms are constantly searching for new projects, which are prerequisites for the growth and survival of the company. Cash flow forecasting is therefore a key element of financial management in this sector. Companies in this sector often face the following difficulties:
Rapid preparation of a liquidity forecast
Accounting for and organizing employee business trips
Motivating staff and optimizing the workload
Determining the profitability of projects
Acomputing services for companies in the engineering and architecture sector help managers overcome these challenges. These include:
Rapid cash flow and liquidity forecasting
Allows you to anticipate cash shortages and determine your financial strategy
Accounting and forecasting of resources (working time, financial costs, materials)
Helps to identify projects with costs exceeding agreed upon fees
Business trips organising and accounting
Will reduce routine so that you can concentrate on more important management tasks
Available key performance indicators
Project margin
Measuring profits in relation to turnover will ensure that profits are reasonable enough for the customers not to feel cheated
Utilization rate
Provides insight into how efficiently employees are being used in projects, which directly influences the company’s profitability
Effective multiplier
Measuring the profitability of paid labour costs will determine the overexpenditure of project resources
Projects on-time delivery
This indicator will provide an idea of to what extent projects are being completed by the planned deadline
Schedule performance indicator
Measuring the ratio of works planned and completed allows assessing the project progress as compared to the schedule
Cost performance indicator
Measuring the ratio of planned costs to those already incurred provides an idea of whether the project is being completed within the limits of the budget
