Categories

Author:

Getting a Read on Utilization

Getting a Read on Utilization

In the world of professional service firms and project-based businesses, managing utilization is key to running a profitable business. In an earlier blog post we discussed that “utilization” is really three separate metrics that need to be tracked in order to analyze how to improve utilization: the utilization rate (productive hours/total available work hours), the…
LEARN MORE
Metrics to measure utilization

“Utilization” Is Not a Single Metric: The 3 Key Utilization Metrics

As a professional services firm or project-based business, there are two key factors to maximizing revenue – utilization and billing rate. While individual firms have some ability to manage billing rates, it is primarily driven by external factors – market fluctuations, economic issues, labor availability, regulatory changes – driving supply and demand. Utilization, on the…
LEARN MORE
Improving utilization for professional services firms

Let’s Talk About Improving Utilization

As a professional services firm or project-based business, you know improving utilization is key to your success. However, the number one challenge to measuring and managing utilization is disconnected, siloed business systems. Reliance on disparate systems and manual processes is an urgent and pervasive problem. Incomplete or even inaccurate data can result in slow and…
LEARN MORE
Was Your Small Business Saturday a Success?

Was Your Small Business Saturday a Success?

When most people think of Small Business Saturday, they think of it as a day to shop at and support local small business. Some may see it as way to help small businesses compete against larger big-box stores and online retailers. But, according to Guidant Financial, 11% of all small businesses are business services companies.…
LEARN MORE
Cloud professional service automation

Cloud Puts Power of Integrated PSA in Reach of Smaller Firms

Cloud technology coupled with subscription software models are making powerful tools easy to integrate and affordably priced. In the professional service industry, small and mid-sized organizations have relied on non-integrated and disparate systems to manage day-to-day activities, including project management, collaboration, and resource planning, among others. These limited business applications like the accounting package QuickBooks…
LEARN MORE
X