Agency guide for Financial Management

Clients are continually looking for more transparent and cost-effective services from the agencies they work with, and it comes down to the agency’s finance team to ensure the company is meeting these expectations.

That’s why many agencies are adopting new technologies to help streamline their financial management and stay on top of fast-moving projects. But it’s about more than just finding the right technology to support your team—you also need to build the right finance processes to truly succeed.
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Mott Macdonald with cloud-based ERP system- Maconomy

In order to maintain its high standards, build an agile and responsive operation from sales, and project delivery to back office processes, Mott MacDonald collaborated with Deltek to transform its internal business infrastructure with a cloud Enterprise Resource Planning (ERP) system.

In this interview, Darren Russell, Chief Digital Officer of Mott MacDonald unpacked their rationale from back in 2017 when the firm embarked on their transformation.
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How digitally evolved is your agency? It might matter more than you thin.

Deltek surveyed more than 300 agency professionals at the start of 2021, and found 61% are producing more work and offering more services than they did a year ago, but only a quarter (25%) had seen profit margins rise.

Little wonder, then, that profitability was a key business focus for 58% of those surveyed, while 53% said that a more profitable business strategy was one area in which their agency could improve.
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Why Industry 4.0?

Along with the many opportunities this transformation promises, there are three significant challenges created by the approaches and technologies of Industry 4.0:
•    Widespread integration
•    Big data
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The risk of outdated ERP systems in Manufacturing

The decision to replace or upgrade from an outdated ERP system can often be a difficult one, because after using it for so long, employees grow comfortable with it. However, despite how accustomed you are to using your outdated solution, it’s probably weighing you down.

With the speed at which technology is advancing, manufacturers can no longer afford to continue using outdated ERP systems. Read on to learn why a modern ERP system built for manufacturing business growth may be the most important step you take for the success of your company.
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Law Firms: Here are three keys reasons to continue developing your digital strategy

Law firms were already on the path to a new digital future. But while some firms were moving slowly into the world of automated processes and digital revenue streams, the COVID-19 crisis has forced many more practices to rapidly deploy digital tools to support a remote workforce.

While the pandemic has caused the disruption, it’s also been an opportunity for previously reluctant firms to start discovering the benefits of new digital workflows. Whether your firm is just dipping its toes into the digital pool or it’s grown its technology footprint over the last year, the pandemic has made something abundantly clear to law firms: now is the time to digitalize.
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