Author:
Emi Santos.
Profitability, I don’t know if I win or lose
One of the great difficulties for service companies is to know the real profitability of each client or project. In many cases, income and expenses are recorded in a scattered way, making it difficult to know if you are really making or losing money with a particular client.
With Holded’s Projects functionality, this problem disappears. Holded allows you to isolate all revenues and expenses related to a specific project and assign a cost to the time employees spend on that project. This way, you can know at all times whether a client or project is profitable and make decisions based on real data.
Why is it difficult to know a customer’s profitability?
In a service company, revenues are usually clear: invoices issued for services rendered. However, the expenses associated with each client are more difficult to control:
- Time spent by employees.
- Additional expenses linked to the project.
- Indirect costs that impact profitability.
Without a proper tool, data is scattered in spreadsheets, emails and accounting systems, making it virtually impossible to calculate the real profitability of each project.
How does Holded help you control the profitability of your projects?
With Holded’s Projects tool, you can centralize all the information related to each client or project in one place. This allows you to have a clear and accurate view of revenues, expenses and time spent.
- Project creation
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:
- Budgets and invoices issued.
- Expenses related to the project.
- 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 get detailed profitability reports by project, allowing you to make informed decisions about:
- More profitable customers.
- Services that generate higher profits.
- Areas for improvement in resource management.
What are the benefits of using Holded to control profitability?
- Clear vision of the profitability of each client: You will know if a client or project is profitable or if you need to adjust dedicated resources.
- Resource optimization: By assigning a cost to the time worked, you can better manage your team’s resources and avoid losses.
- Data-driven decision making: With profitability reports, you can make informed decisions to improve the profitability of 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 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 Project tool.
- Continuous support to optimize your processes.
Don’t wait any longer to find out if you win or lose with each customer.
👉 Contact Cigarrán and discover how Holded can help you control the profitability of your projects and clients in real time. 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
