5 project management software CAs should consider investing in
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5 project management software CAs should consider investing in

  • Highlights

  • Manage your project from initiation to closing

  • Microsoft is the preferred option for most

  • Mid-size firms prefer CA Clarity

  • Small and micro firms opt for Huddle

As a CA are competing to emerge at the top of your niche. A project management software can help amplify your firm’s productivity by providing total clarity of operational activities involved from initiating to closing a project. Project management is the practice of initiating, planning, executing, controlling, and closing all activities undertaken to meet project objectives.

Here are some of the popular software that help you manage multiple client projects at the same time so that you can stay on top of your game.

1. Microsoft Project Professional 2016

This Microsoft product is compatible with Office 365, Skype, and SharePoint. You can schedule tasks, calculate project cost, develop reports, collaborate with other departments, manage resources, sync tasks, create timesheets, etc., with this software.

Project Professional 2016 is priced at about Rs.62,000 per user. If you are managing a team of 50, you will be required to make a one-time investment of over Rs.31 lakh, the cost of which can be funded with a special Business Loan for Chartered Accountants up to Rs.35 lakh. With pre-approved offers, the process of taking loans become simpler. You just need to fill in a few basic details to check out your pre-approved offer.

2. Wrike

A flexible project management software enables users to manage one as well as thousand projects through one tool. Wrike provides real-time reporting and analysis along with accurate and updated information saving you time wasted on follow-up meetings.

Customise your projects, collaborate with other teams, integrate emails with this award-winning offering to follow project progress without any additional effort. Manage your projects with Wrike for a pocket pinch of approximately Rs.10 lakh and above, per year for 50+ users.

3. Huddle

It is a cloud-based project management tool used by more than 90,000 businesses across 180 countries. Huddle encrypts and securely stores data, tracks task deadlines and achievements while enabling you to control access to system privileges.

Huddle Essential package provides 15 user access and the Plus variant is best suited for companies with 100+ resources. A Huddle package for a team of 50 to 100 can cost you anywhere between Rs.6 24 lakh per year. A Bajaj Finserv Business Loan for CAs not only gives you access to loans up to Rs.35 lakh at low interest rates but also offers you quick disbursal within 24 hours and comes with a host of other benefits.

4. Basecamp

Perfectly suited to handle small projects, this project management tool boasts of a simple user interface. Basecamp is pre-installed with internal tools like chat rooms, calendar and schedulers, message boards, a library for documents and files and attendance recorder.

This software is designed to manage remote resources daily, working on repeatable projects. Avail Basecamp for a 50-user team for over Rs.11.5 lakh per year.

5. CA Clarity PPM

CA Technologies, is one of the major business software developers providing project management solutions utilizing predictive analytics for effective decision making. CA Clarity PPM is best suited for mid-size businesses with more than 100 users.

The on-premise version of this software is available for over Rs.83 lakh and the cloud version can be accessed by 100 users for a little over Rs.33 lakh.

So, as a chartered accountant working with your team, handling multiple projects simultaneously, you can consider investing in a quality project management software to streamline operations and offer the best services to your clients. Bajaj Finserv has made it easier for CAs to finance the cost of such software with hassle-free Business Loans for Chartered Accountants. These loans can be used install the latest software or technology, maintain a cash flow, open a new branch office or meet any other practice-related need.

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