The consulting industry is a mature and competitive market built on knowledge and specialization. The success of companies is directly dependent on their ability to attract and retain talent, and to effectively translate their expertise into profitable client projects. Drivers such as digitalization, sustainability transformation, and complex regulations create a constant demand for specialist expertise, which places high demands on consulting firms' adaptability and efficiency. Digitalization in the industry is about moving from isolated systems for time reporting and finance to a cohesive platform that supports the entire operation. The need to connect sales, resource planning, project delivery, and financial follow-up is central. A modern business system must be able to provide a unified view of the business in real-time, from utilization rates and pipeline to project profitability and invoicing. Microsoft Dynamics 365 offers a platform where these functions can work together. By collecting data from the entire project lifecycle – from first customer contact to final invoice and analysis – consulting firms can make more informed decisions. This enables proactive management of resource utilization, project margins, and cash flow, which is crucial for ensuring long-term profitability in a dynamic market.
See 85 partners in professional servicesManaging customer relationships, sales pipeline, and creating quotes and bids for new projects.
Efficient allocation of consultants to projects based on availability, skills, and experience.
Defining project phases, budget, schedules, and tracking progress and deliverables.
Registering worked time and expenses linked to specific projects for accurate billing and profitability analysis.
Creating and sending invoices based on different contract models such as fixed price, time and materials, or on-account.
Financial tracking and analysis of project revenues, costs, margins, and key performance indicators in real-time.
Managing customer agreements, framework agreements, and associated terms for pricing and service delivery.
Difficulties in achieving a high and consistent utilization rate for consultants while avoiding overbooking or personnel being without assignments.
Lack of real-time insight into project finances, making it difficult to proactively manage towards set profitability targets and identify deviations in time.
Information gaps between the sales process and project delivery, which can lead to incorrect expectations, resource shortages, and scope creep.
Challenges in creating accurate forecasts for future revenues and resource needs based on sales pipeline and ongoing projects.
Manual and time-consuming handling of various invoicing models (fixed price, time and materials, subscription) increasing the risk of errors and delayed payments.
Lack of a systematic way to map, maintain, and search for employee competencies to match the right consultant to the right assignment.
Suitable for small and medium-sized consulting firms seeking an integrated solution for finance, project management, and resource planning in a single system.
Suitable for larger and more complex consulting organisations with advanced requirements for financial control, group reporting, and detailed project accounting.
Central for managing the entire sales cycle, from lead and proposal to won business and contract. Provides a consolidated 360-degree view of the customer.
Yes, by combining applications, a cohesive flow can be created. Dynamics 365 Sales manages the customer and bidding process, while the project and financial parts of Business Central or Finance & Supply Chain manage planning, time reporting, and invoicing.
Dynamics 365 includes functions for managing consultants' availability, competencies, and schedules. The system provides a visual overview of resource allocation at the project level, helping managers identify available capacity and optimize utilization.
The choice depends on the company's size, complexity, and future growth plans. Business Central is often a good choice for companies that want a broad all-in-one solution. Finance & Supply Chain is more adapted for larger organizations with more complex financial processes or international operations. A needs analysis is always recommended.
Yes, the project modules in Dynamics 365 are built to be flexible. There is support for configuring and managing various project and invoicing types, such as fixed price, time and materials, and subscription/retainers.
By centralizing all data – from budget and planned hours to reported time and invoiced amount – Dynamics 365 can provide dashboards and reports. These show a project’s financial status in real-time, enabling proactive decisions to ensure profitability.
The system offers web-based and mobile interfaces for time and expense reporting. The goal is for the process to be quick and easy, where the consultant can link their time directly to the correct project and activity, minimizing administration and sources of error.
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Products they deliver
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Partner's own information
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Products they deliver
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Products they deliver
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Products they deliver
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Products they deliver
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Products they deliver
Business CentralIn-depth article
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