Welcome to the Exact Product Blog

On this blog we will cover stories from all around the Exact ecosystem.

Exact for Manufacturing Ease of Use: Showing the calculator unit

Written by Pieter Hamans on . Posted in Exact Online

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The material calculator is able to use different units than the stock unit. We can keep stock in kg, but use gram in the bill-of-materials. There are users that are unfamiliar with this feature because the calculator unit was not shown in the bill-of-materials overviews. At the request of our users we have now included the calculator unit in the bill-of-materials overviews.

Exact

Exact Synergy product update 258 and Exact Globe product update 413 are in Controlled Release

Written by Michiel van Rooijen on . Posted in Exact Globe, Exact Synergy

As of this week Exact Synergy product update 258 and Exact Globe product update 413 are in Controlled Release. This means that customers who participate in the controlled release phase can download the new product updates. These product updates offer several new functions and improvements.

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7 tips on fixing the revenue leaks in your consultancy firm

Written by Remco Kroes on . Posted in Exact Online

Has your business sprung a leak? Research shows that, on average, businesses in the professional services industry lose up to 5% of their earnings before they can be realized. This so-called revenue leakage is commonly caused by billing errors, over-servicing, unbillable time due to project delivery issues, and inaccurate statements of work.  Here are seven tips to help you stay in control and fix the leaks in your billing process:

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Better monitor work done, not yet invoiced

Written by Remco Kroes on . Posted in Exact Online

For most consultancy firms it is not only key to capture all time sheets fully – it is also important that all billable work is invoiced timely and paid for. It may take several weeks or months before billable work is actually invoiced. Billable work is not always billed for immediately. Once the invoice is sent, it may take another 60 to 90 days to get paid. This characterizes many professional services and consultancy firms where the cost of delivery is incurred well before the client is invoiced and payment is received. To ensure a healthy cash position it is essential to closely monitor work delivered but not yet invoiced.