What features should I look for in a financial management solution for professional services businesses?

Look for powerful core financials, real-time dashboards and reporting, project accounting, project costing and billing, contract and subscription billing, time and expense management, multi-entity and global consolidations, and dynamic allocations.

How does this solution help professional services organizations?

The right financial management solution offers unmatched project accounting and revenue recognition for professional services organizations (PSOs), even across multiple entities. It delivers detailed insights (e.g., real-time budget versus actual) to help project managers make critical decisions. By combining data from across the project lifecycle, you gain unprecedented depth and visibility into your finances, and PSOs can achieve up to 20% improvement in project profitability.

Professional Services Financial Management Software

THE CHALLENGE

Today’s Professional Services Challenges

As the market gets more competitive and complex, professional services companies are facing unique challenges.

Resource management: Challenges with managing resources effectively to ensure they’re available when and where needed. Difficulties managing employee schedules, workloads, and skill sets.

Time tracking and billing: Inefficiencies tracking time spent on client projects and turning that data into accurate invoices. Headaches with complex billing arrangements and management of project spend.

Lack of financial visibility: Complexities accessing financial information in one place. Struggles with accurate decision-making due to lack of accurate and up-to-date information.

Lack of scalability and growth: Inflexible systems bottleneck growth strategies and cap expansion opportunities. Revenue can become stagnant or drop.

Inability to combine data across project life cycle: Blindness across the life cycle of a project leads to uninformed decision-making. Revenue is lost through operational gaps.

Disparate workflow tools: Workflow tools without integration capabilities create redundancies and inaccuracies.

Optimize Resource Management

Manage projects and profitability by tracking project costs and accelerating project billing.

Simplify Time Tracking

Make it easier for all members of your staff to track their time with mobile timesheets and smart automations.

Professional Services Financial Management Solution to help

Improve Cash Flow

Expedite time and expense tracking, get invoices out of the door faster, and enhance cash flow.

Maximize Profits

Unlock better operational and financial visibility across all parts of your business. Find new opportunities to drive growth.

Automate Multi-Entity Consolidations

Reduce time spent during close with multi-entity management solutions. Achieve up-to-date consolidated business data to make informed decisions.

Integrate With Other Platforms

Streamline processes and dismantle silos by integrating with other tools you already use, such as CRM, resource management, and PSA software.

Industry Experience

With 20+ years of experience and a global presence, we’ve worked with hundreds of clients in the industry and understand its unique opportunities and challenges.

Proven Process

Our certified consultants will work with you, start to finish, to uncover your needs and implement a solution that’s right for your business, goals, and budget.