Avoiding bankruptcy by implementing a new ERP system

Investing in new technologies can make all the difference between staying in business or going out of business. Jonathan Chatel, Business Development Director at JOVACO, tells us about a firm in the professional services industry who managed to stay in business thanks to its new ERP system.

To demonstrate how important an ERP adapted to your firm, I would like to tell you today about one of our clients who managed to save business firm thanks to their new business management system. This firm used to manage their projects in multiple, non-integrated systems, which caused numerous issues. Project managers had a hard time obtaining the data and project profitability and progress reports they needed, and the invoicing process was long and complex.

All this meant that many of their projects weren’t profitable. However, the firm was waiting for “the right time” before implementing a new project-based management system. The right time never came, though, and in the end the firm decided to go ahead with the implementation despite the labour shortage and work overload. The alternative simply would have been putting an end to their business altogether.

Thanks to JOVACO’s expertise and guidance, the implementation went smoothly. Project managers at the firm now have the visibility they need on the profitability and progress of their projects. The accounting team can quickly invoice clients and focus on collections and other tasks. Our resource planning tool even helped them take on and deliver more projects than before, and the firm is now more profitable than ever.

I hope this helped demonstrate concretely how important it is for businesses to invest in technological tools adapted to their needs. If you want to know more, check out these articles:

• The best time for an ERP/CRM implementation is yesterday!
• Digital technologies, an investment that pays off

Don’t hesitate to contact me if you want to chat about this topic!

About the author

Jonathan Chatel is Director of Business Development at JOVACO Solutions since 2017. Thanks to his various professional activities, he has since deepened his knowledge of Microsoft technologies and business solutions, a world that evolves so quickly it can be hard to keep track. He is now sharing his knowledge of Microsoft products in everyday language to keep you informed about this fascinating universe.