Time Intelligence® Optimizes Professional Services Profitability

In most professional service organizations, the largest operating expense is typically employee time – upwards of 80%. Every moment of an organization’s resources’ time – whether it’s project time, overhead time, billable, or non-billable – is intertwined with the outcomes produced.

With stakes that high, it’s important to know exactly how that time is being spent. Taking control of all company time is the key to uncovering true services profitability, but many organizations rely on incomplete data from siloed systems, and ultimately reach incorrect conclusions about their profitability. This process of failing to account for all time, and consequently all expenses, creates and perpetuates the Profitability Myth.

Replicon’s Time Intelligence® platform busts the Profitability Myth by combining a complete view of resource time and availability with a configurable framework that supports an organization’s unique business workflows. This builds a time-focused system of record based on the way individual organizations work, rather than forcing them to adapt to a solution-dictated process.

We based our platform around five key pillars fundamental to professional services organizations: service delivery management, financial management, current utilization, growth management, and project accounting. These concepts help streamline the services workflow, stop revenue leakage, and facilitate company growth.

This release greatly expands on the industry-leading financial management and service delivery capabilities of Replicon’s PSA Powered by Time Intelligence®, enhancing existing workflows to simplify collaboration between teams.

Want to hear more on boosting your PSO’s project profitability? Join our webinar to learn first-hand how Replicon enables PSOs to manage key metrics around service delivery, resource utilization, and financial performance to plan for and manage their growth.

 

Interesting in learning more? Sign up for our webinar:

REGISTER NOW

 

Vivek Gopalpuria

ABOUT THE AUTHOR

Vivek Gopalpuria

Vivek is the VP of Product Marketing at Replicon. Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time

Get started today.
Set up a free trial based on your business needs.

Start Free Trial

How Automation Can Recession-proof Your Enterprise

In a highly competitive market, service-based businesses need to capitalize on any opportunity to set themselves apart from their (often very similar) competitors. While implementation, system details, and service management… Read More

Overcoming Quiet Quitting Using PSA Tools

The onset of AI and smart machines automating formerly-human jobs has been discussed at length as of late -- often in relation to manufacturing and manual labor jobs. And yet,… Read More

Global Compliance Desk – Canada

Time magazine labels the millennial generation the “most threatening and exciting generation,” infamous for “narcissism [and] its effect: entitlement.” In the workplace, the perception of the millennial workforce is no… Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid… Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around… Read More

Employee time tracking is dead

iBeacons, Bluetooth Low Energy, Proximity sensing and the obsolescence of time tracking as we know it. Businesses have to track the time their employees work for a variety of reasons,… Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Enterprise Time Tracking
  • Thought Leadership
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates
  • Others