Balance Profitability Improve Staff Productivity
Professional Services Organizations (PSOs) need to make smart, well informed decisions. Delivering projects on time and within budget is key. You need to balance profitability with strong client and staff relationships, and improve staff productivity while maintaining service quality.
As a billable service organization, efficient project management is also vital to your survival. MaxQ understands these needs and challenges. We specialize in providing small and mid-sized PSOs with business management solutions designed to increase your staff productivity and overall profitability.
MaxQ has solutions that can provide the tools and flexibility to help you to meet the industry's challenges and capitalize on your opportunities. Our business solutions for Professional Services companies provide comprehensive project accounting, Resource tracking, and complex billing.
Since people-related costs often lead to at least 75% of total project expenses, the tracking of resource utilization only makes sense. Unfortunately, many organizations are not very adept at coming up with original baseline estimates of project time and cost. As a result, trying to forecast the remaining time and budget to complete a project becomes more guesswork than science.
MaxQ solutions can help drive down the operational cost of Professional Services Organizations by delivering powerful software solutions that support the need for efficient business processes. MaxQ has the expertise needed to deliver and implement the specific applications you require to focus on "skills-based resource management" across multiple projects. We can help you to accurately track time and expense of all people across all projects, including billable and non-billable hours. This will lead to greater resource efficiency and utilization and opens the possibility of forecasting cost, revenue and even profit down to the project level. Using our solutions, you can balance the allocation of limited resources, time and funding - quickly, easily.
Our comprehensive solutions for Professional Services companies assist companies in managing the complete operation including:
- Automated Recurring Billing
- Automated Revenue Recognition
- Contract Management
- Employee Utilization
- Financial Analysis
- Order Management
- Project Management/Controls/Accounting
- Time and Expense Reporting