Why Professional Services Organizations Need Improved Financial and Resource Management
This white paper addresses the financial and resource management pain points that professional services organizations (PSOs) currently face. It focuses on the benchmarks that PSOs can use to improve their management capabilities and how business applications can help PSOs achieve their goals, including streamlining their businesses, increasing operating margins, and meeting the challenges posed by today’s fast-paced global marketplace.
Because the core product of a PSO is the knowledge and skills their people possess, managing and developing their resources pose unique operating challenges. In today’s global environment, the methods used by PSOs to manage and deploy those resources will have a significant impact on their client relationships, growth and profitability. In addition to resource management, PSOs face multiple internal and external changes.
This white paper also discusses the success many PSOs currently achieve by leveraging business management solutions to help manage their business. The software is designed to manage both the deli very of client projects and the resources that are require for those projects. The evidence in this white paper will clearly show that firms using these applications are more profitable and efficient.