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SharePoint Improves Productivity for Professional Services Firms

SharePoint enables firms to make the most of their existing expertise, data, and perspectives by transforming them into digital tools people can actually use. Think – self-serve portals, org-wide intranets, or private websites where analysts can share insights with clients in a secure environment. On the client side, the platform helps firms engage customers in…
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Professional Services Consultant Analyzing Margin

How Professional Services Firms Can Maximize Profit Margins & Drive Long-Term Growth

Professional services firms should always be watching their profit margins. This metric answers important questions about the health of your firm such as, whether projects are priced correctly, whether your business is growing at a sustainable rate, or whether you’re making money on each project. In this article, we’ll look at some of the ways…
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Velosio | The Next Step In Your Digital Journey

Real-time Project Visibility – A Matter of Life and Death for Professional Services Orgs

Project managers need real-time visibility into project status, resource availability, to ensure projects are delivered on-time and on-budget. Yet – many professional services firms struggle to achieve critical goals due to fragmented solutions and data silos that block visibility into the portfolio. Business leaders and project managers are then forced to make sense of the…
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Velosio | The Next Step In Your Digital Journey

Revenue Forecasting: a Professional Services Firm’s Secret Weapon

Revenue forecasting is a process used to predict future revenue for the purpose of making strategic business decisions. It plays a key role in helping firms secure long-term profitability, increase market share, and keep competitors at bay. Among professional services pros, revenue forecasting has long been considered more “art” than “science.” Though, with recent advances…
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Professional Services Consulting Using Scheduling Software

Professional Services Firms Need Smarter Scheduling Solutions

Professional services leaders know that (human) resources are literally the driving force behind their entire business model. They’re simultaneously a firm’s key differentiator, biggest operating expense, and most valuable asset. As such, effectively managing experts’ time and workloads is critically important to their survival. Yet, scheduling resources is a complex, time-consuming process, rife with unexpected…
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Computer With a Clock and Chart Tracking Time

Maximize Productivity and Profits With Integrated, Accurate Time-Tracking

For professional services firms, inaccurate time-tracking processes cause serious damage to the bottom line and the business in general. See, when professionals fail to log billable hours accurately or turn their reports in on-time, it impacts the entire organization. It’s impossible to stay on top of capacity planning and resource management. Forecasts and decisions are…
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Businessman Standing in Front of ERP System Concept

Microsoft ERP Solutions for Professional Services Firms

Microsoft offers two different versions of D365: Business Central (for SMBs) and Finance & Operations (for enterprise users). For the most part, both versions promise the same general benefits. Both are industry-agnostic, customizable, and designed to unify all data, processes, and apps in one central hub. And that unity part is crucial, as it enables…
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Professional Services Executive Sharing Accounting Reports

Project Accounting Strategy for Professional Services Firms

Professional services firms often struggle to deliver projects on-time and on-budget for several reasons. Complex projects have lots of moving parts – making it difficult to generate accurate estimates, timelines, and budgets. Communication issues can lead to delays or expensive rework. Firms might offer discounts to keep clients happy when projects hit a snag. The…
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Professional Services Automation

How Automation Helps Service-Based Firms Actively Create Value

Adapting to today’s professional services landscape requires firms to increase operational efficiencies across the entire portfolio, maximize billable hours, reduce expenses, and use their data to make smarter business decisions. It’s too much for humans to handle by themselves – and as such the use of automation is becoming an essential part of running a…
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Vector Image of Professional Service Professionals Improving Business Productivity

Improving Business Productivity in Professional Services Companies Through Smart Technology Investments

Historically, business productivity has been defined as the ratio of inputs and outputs. However, firms are increasingly pushing optics and outdated metrics aside in favor of outcomes. See, business productivity isn’t just about looking busy or checking more items off of a to-do list. Instead, firms must focus on finding the most effective tools and…
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