Author:
Olga Galindo.
For service companies, it is essential to keep a detailed control of the revenues and expenses associated with each project, as well as to efficiently manage the resources employed. Holded offers an integrated solution that combines Services and Project Management functionalities to optimize this process, allowing companies to know the real profitability of each project.
With Holded, you can isolate the income and expenses of each project within the accounting and assign a cost to the time your workers spend on that project. This allows you to have complete control of the resources invested and make decisions based on real data.
Why is it key to use the Services and Projects functionalities in a service company?
In service companies, there is no inventory or warehouses, but it is essential to manage projects and services offered to customers. Thanks to Holded, you can:
- Record the services rendered in each project.
- Allocate income and expenses directly to each project.
- Control the cost of time spent by each worker.
- Obtain profitability reports by project.
This is especially useful for companies that work on a project basis, such as professional firms, marketing agencies, consulting firms or architectural firms.
How does the integration between Services and Projects work in Holded?
- Creation of projects
In Holded, you can create a project for each client or specific service you offer. Each project will have its own space where you can record all relevant information:
- Contracted services.
- Budgets and invoices issued.
- Project-related expenses.
- Hours of work dedicated by each employee.
- Allocation of revenues and expenses:
As you progress through the project, you can associate each income and expense to its corresponding project. This allows you to know at all times how much you have earned and how much you have spent on a specific project.
- Control of time worked
Holded allows you to assign an hourly cost to each worker and record the time each worker spends on a project. This is essential to calculate the real cost of the project and evaluate its profitability.
- Profitability reports
With all information centralized in Holded, you can obtain detailed profitability reports by project, allowing you to make informed decisions about:
- More profitable projects.
- Services that generate higher profits.
- Areas for improvement in resource management.
Advantages of using Holded to manage projects and services
- Clear view of profitability: By isolating the income and expenses of each project, you can know its real profitability.
- Resource optimization: By assigning a cost to the time worked, you can better manage your team’s resources.
- Informed decision making: With profitability reports, you can identify which projects and services are most profitable for your business.
- Process automation: Holded automates the creation of invoices, the recording of expenses and the management of time worked, reducing administrative tasks.
How Cigarrán helps you implement project and service management in Holded
The implementation of an ERP such as Holded may seem complex, but with Cigarrán’s support, the process will be simpler and more efficient.
At Cigarrán, as a Holded Partner, we offer:
- Customized configuration of project management.
- Training for your team in the use of the Services and Projects functionalities.
- Continuous support to optimize your processes.
Why wait to optimize your project management?
Contact Cigarrán and discover how Holded can help you manage your projects and services efficiently and cost-effectively. Don’t waste time with manual and disorganized processes. Digitize your business and maximize your profitability.
¿Do you need help? At Cigarrán Abogados we can help you (+34) 91.355.85.15
