Environmental consulting and engineering firms need to be more efficient in today’s climate of rising demand for services and limited labor supply.
- Engineering and consulting firms that don’t have the right processes and tools around budgeting and invoicing are 25% less profitable, mainly due to budget overruns and inefficient cost allocation.
- Due to reactive rather than proactive financial management, manual or less effective tools lead to cost overruns in 20-25% of projects.
- Firms without automated processes for budgeting and project management often see project margins decrease to 30%, due to poorly tracked costs and inefficiencies.
Developing more accurate budgets and cost estimates will help your team to be more efficient with resources, avoid projects running over budget, and allow you to send invoices when phases of work are completed.
This webinar covers:
- How a well-structured budget can help you avoid cost overruns and maintain financial control throughout the project lifecycle.
- How to streamline the invoicing process, allowing for faster and more accurate billing.
- How to build data-driven estimates, resulting in fewer surprises and better financial planning for future projects.
Missed the webinar? Watch the full recording here: