Profitability Reporting Series: “Know Thy Projects” (Part 2)

Week 2 in our profitability series highlights project profitability, and how a tool like BI360, with a strong allocation engine, can provide insight into your projects the same way it does with your products.

BI360 can just as easily build a profitability report using the same allocation model we demonstrated last week (i.e. salaries, headcount, square footage, direct expenses). However, for organizations (like a consulting firm) that may not have a product per se, square footage may not be as applicable. Maybe it’s time dedicated to each project, billable vs. non-billable… however you need to track and measure your projects, BI360’s customizable reporting tool allows you to generate accurate, insightful reports.

Plus, with BI360 you can allocate revenues and expenses from the GL department/account level and out to project codes, thereby enabling the creation of project P&Ls or other detailed project reports, helping your organization further identify and resolve issues within any given project. Here’s a video that explains how BI360 provides better insight into your profitability.

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Corey Barak

About Corey Barak

Along with managing the day-to-day operations of Solver, Corey Barak’s main responsibility at the company is to maximize service quality to our customers and partners. Corey began his Solver career in 1999 as a Senior Business Intelligence Consultant. While at Solver, his responsibilities have ranged from Enterprise Project Manager to Director of Services before assuming his role as Chief Operating Officer in April 2008. Corey’s experiences in successfully implementing Business Intelligence solutions, establishing lasting customer relationships, as well as his many years in operations and an MBA from University of Southern California, have been influential in preparing him for this role

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