As a consulting firm, people are at the core of your business.
With labour accounting for the bulk of your cost structure, utilizing project resources to their fullest capacity is critical to growing your business. Streamlining your back-end processes has a direct impact on your ability to deliver successful projects and keep your clients happy.
For consistent results, you need real-time project data that’s connected to financials and sales. But that’s not easy to achieve with disparate systems.
An integrated ERP and PSA solution helps you meet this challenge, so you can spend less time on administrative tasks, while increasing billable hours, project profitability and client satisfaction.
To grow your firm, you need to do more than just deliver quality projects.
A complete ERP and PSA solution enables you to streamline project delivery and reduce administrative effort in billing, sales and resource management. Increasing efficiency on both sides of the business leads to increased revenue, higher margins and lower costs.
Interested in growing your consulting firm? Here’s how an integrated ERP and PSA solution helps:
Accurately capture time and expenses against projects as the costs are incurred to reduce leakage and get a true picture of project performance.
Manage your capacity plan more effectively with a complete view of upcoming projects, resource allocation and financial forecasts.
Fuel your finances with automated billing processes that lower administrative costs and speed up collection time.
Get total visibility into staff skills and active projects to ensure you’re assigning the right resources to the right projects – and making the most of your team’s billable time.
Set your projects up for success using historical data to create more accurate project quotes from the outset. Then monitor costs in real-time to proactively manage risk and experience fewer project overruns.
Give your clients the best experience by assigning the most compatible resources based on skill set, experience and availability. Keep projects on-track with real-time project reporting to monitor progress.
Particularly for SME firms, technology is the differentiator that gives you a leg up against your competition.
A complete ERP and PSA solution integrates project management with your accounting, sales and payroll functions – helping you increase billable hours, reduce administrative effort and build a more agile firm.
Consulting firms that use ERP and PSA see measurable results, including:
17% increase in year-over-year professional services revenue growth
4% increase in billable utilization
$56,000 increase in revenue per project on average
20–50% faster financial close
25–75% reduction in invoicing costs
Working with ProjectLine has been amazing for us in that they helped us bring all of our teams together quite quickly, kept things very simple for us and helped us onboard the system in bite-size pieces so it’s actually felt manageable.
The visibility of the information to each project manager has never been to the level that it is today. We can see if every invoice is making money, rather than waiting until the project closes out before we realize if we made money. From a risk point of view, that takes a lot off the table.
Selecting a new business management system is no easy decision, but you don’t have to do it alone.
At ProjectLine, our top priority is finding the right ERP solution to help your business run smoothly, not just today, but 10 years from now. We leverage our industry knowledge from working with other consulting firms just like yours to recommend an ERP solution that considers your culture as well as your business needs.