The clear financial view
Supporting a variety of contract types to meet the needs of customers is a balancing act. The main thing to remember is that, as a company, you have the clear financial view of your financial situation and work in progress in order to collect your due payments. We experience a lot of companies who end up missing out on earnings, e.g. by running all projects at a fixed price, resulting in a low average hourly rate because work is more time-consuming than estimated.
Key to this is finding the proper management tools to support your processes and help you control finances, while assessing and focusing on the most profitable projects, invoicing and customers. The result is a solid foundation built on facts, not a gut feeling, for making strategic decisions.
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