4 ways integrating your PSA software drives optimal utilization
Posted by Kamal Rifai
Professional services organizations that can react effectively and efficiently to internal, market and regulatory changes have a powerful advantage over their competitors. In this regard, the most important considerations for project managers, COOs, and other decision-makers are the following:
- Being able to understand the signals coming from your project management software
- Having confidence in the accuracy of the information you're using to make decisions
- Having access to a complete view of the organization
A fully integrated data infrastructure that is compatible with your existing systems is key to achieving these objectives, allowing you to work smarter and allocate resources intelligently.
1. Unlock predictive analytics - The best predictions are based on historical data. With an integrated PSA software system, you can use the combined knowledge and experience of previous professionals to rediscover resource management tools and templates that you can apply to your current projects. Make use of the achieved utilization rate to gauge the level you are capable of performing at, and use that level as a benchmark for improvement.
2. Drive up standards by measuring everything - Successful project management relies on the ability to examine and assess every aspect of your organization -- from HR to finance and resource management. In fact, the value of "integrated business applications which provide real-time visibility of all aspects of the business" is $235,000 per project, according to SPI Research.
3. Plan and execute efficiently - Disparate data systems within the finance, HR, and professional services departments can create inefficiencies that slow down projects and increase costs. You can boost your organization's efforts tremendously by joining these disconnected information silos into a single automation system. Your team will be able to better align costs and revenues. In addition, an integrated system allows professionals to focus on quality and productivity. This makes a more optimal use of time than traditional approaches to PSA software.
4. Understand the true cost of change - Change may be driven by different departments and for different reasons across your organization, but the underlying needs are the same. You need adaptable, user-friendly enterprise resource planning software that doesn't require costly upgrade and consultation expenses. You should be able to modify and configure the system using in-house IT resources, protecting your bottom line.
Visit projects.unit4.com to find out more about how you can drive utilization in your organization.