ERP in the Professional Services Sector

PostedOn: 2018-01-31 13:32:13

Many professional services companies may not have even heard of ERP or may assume that ERP systems are only suitable for manufacturing companies. Though it is true that most ERP vendors initially developed their products for the manufacturing sector, these systems actually offer an excellent range of functionality that can be deployed into professional services companies at a very affordable cost. These services companies may be dismissing systems that possibly will be perfect for them and allow greater integration of their company’s functions.

Professional services companies have a separate set of requirements to manufacturing companies. However much of the core functionality of ERP systems, such as backing, Human Resources and Purchasing, is common to all types of businesses. While ERP systems in the manufacturing sector would focus heavily on the planning, development and production of a physical product, ERP systems can aid professional services companies in arrangement and developing projects. It is surprising that in such a project and people-centric sector, many service companies still rely on spreadsheets to manually record all transactions and expenses. Any human error made in this vital area of business can have major implications on the service delivered to a client. ERP software can be used to manage project costing and invoicing more efficiently on an automated system.

Customer relationship management (CRM) is also essential for a service company to run efficiently. CRM, which is often available as a module of ERP, includes contact management, sales activity tracking, marketing and customer tune. By integrating CRM into an ERP system, the manual management of these processes is concentrated. As mentioned before, the professional services sector is very people-centric. It is important that any function that deals with clients, like customer service, works faultlessly. An ERP system is very effective in this instance as it ensures that all the relevant functions work seamlessly together. 

The usability and accessibility of an ERP system play a crucial role in a professional services environment. This is especially true for service personnel who are working in the field using handheld devices. Also, professionals such as lawyers and accountants, often require access to in turn when meeting with clients or working outside of the office. The ability for mobile workers to access ERP systems from their tablets and smartphones, using a browser, has improved dramatically in recent years. In addition, some solutions offer the capability to work off-line when an internet connection is not available and synchronize with the ERP system later when a connection becomes available again.