Introduction
Despite the widespread adoption of project collaboration tools, many software companies still struggle to assess the profitability of their projects and manage resources effectively. Recognizing the need for a unified solution, our client set out to create Forecastify, a web-based ERP system designed specifically for digital agencies.
Software development companies were struggling to determine project profitability, manage resources, and maintain a comprehensive view of their operations. Traditional methods, such as Excel spreadsheets, were inefficient and cumbersome, leaving room for error and reducing overall productivity.
Forecastify is designed to centralize all critical functions into one platform, giving digital agencies the tools they need to streamline their operations.
Key Features
Timesheeting functions: All team members can log in and submit their timesheets, ensuring accurate tracking of hours worked.
Timesheet notifications and reports: Automated reminders and reports help to maintain compliance and keep team members accountable.
Resource management: Comprehensive resource management includes levels, costs, exceptions, and the ability to allocate internal and external resources to projects.
AI-powered project forecasting: Accurate predictions of project outcomes based on real-time data.
Comprehensive project administration: Users can manage project metadata, expenses, milestones, and invoicing.
Project controlling dashboard: A detailed view of project cost structures and profitability analysis.
Portfolio management: Plan and track the performance of project sets, grouped by various factors such as client, team, or competency.
Yearly planning: Easily plan and monitor annual revenue goals.
Employee management: Handle and track vacations, work orders, and part-time employees.
Team performance reporting: Compare potential revenue versus actual revenue to identify high-performing teams and individuals.
Integration with JIRA and Google Login: Seamlessly import projects, tasks, and users from JIRA, and log in using Google credentials.
SaaS model with multitenancy: A flexible, scalable solution designed for growth.
Results
Implementing Forecastify has provided numerous benefits to digital agencies:
Improved project profitability assessment: Agencies can now quickly and easily determine which projects are profitable and identify areas for improvement.
Streamlined resource management: Centralized resource allocation helps companies optimize their workforce and reduce costs.
Enhanced decision-making: AI-powered forecasting provides insights to help agencies make informed decisions.
Greater visibility and control: A comprehensive dashboard offers an overview of project costs, resource allocation, and profitability.
Increased efficiency: By consolidating essential functions into a single platform, ERP4SD has eliminated redundancies and improved overall productivity.
Conclusion
Forecastify has successfully addressed the challenges faced by digital agencies, providing a comprehensive ERP solution that streamlines project management and profitability analysis. The platform's innovative features and integration capabilities have made it an indispensable tool for software development companies looking to optimize their operations and drive growth.
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Drop us a message about your digital product development project and we will get back to you within 2 days.
We'd love to hear the details about your ideas and goals, so that our experts can guide you from the first meeting.
John Radford
Client Services Director UK
Providing end–to–end web and mobile development services to our customers since 2008.