A New Era Of Professional Services Resource Planning And Management
Rede�ning Success
Resource planning and management has become a required discipline to optimally run a professional services organisation:
• consultants• lawyers• engineers+ more...
Resource assignment dropped from
7 � 5.5 days on average. Additionally, helped identify the best project candidates using an intuitive tool to find skill sets, experience and time available to meet the project’s needs.
Today’s workforce includes employees, contractors, freelancers, “gig economy” workers, and outside teams.
Service Performance InsightSeptember 2017
Deloitte Global Human Capital Trends2017
Deloitte Global Human Capital Trends2017
14% of executives believe traditional hierarchical organisational models are effective shifting to a team-centric model.
QUICKER RESOURCE ASSIGNMENT
MOREEFFECTIVE1 2
LEVERAGERESOURCE POOLEXPANSION
INCREASED BILLABLE UTILISATION
3
Resource planning and management solutions can increase project margins by almost 12% while reducing revenue leakage by 2.6%.
Increase profitability by managing budget. Clients expect to be notified if their project is going over budget, why it’s happening, and what can be done to mitigate it. Accurately estimating, scoping, and managing a project budget is critical to delivering projects on time and satisfying clients while making a profit.
Firms generated invoices
3 days fasterreducing DSOs by
7 days
Utilisation rates are the best barometer for measuring productivity and revenue.
Improving utilisation rates has an immediate impact on the corporate bottom line.
Employee survey tools give managers immediate performance input for regular feedback empowering employees to reset goals, change projects and feel rewarded
Data about people at work has become more important than ever. Resource analytics is now a business discipline supporting everything from operations and management to talent acquisition and financial performance. However, only 9% of employers believe they have a good understanding of the resource factors that drive performance while only 8% of organisations report they have usable resource data.
BETTERKPIs5
Only 14% of companies believe their internal processes for collaboration and decision-making are effective.
77% believe email is no longer a viable tool for effective communication.
IMPROVERESOURCECOLLABORATION4
As the talent gap widens, new data from Upwork reveals that HR managers are �lling the gap with more �exible employees and retraining current employees. In fact, 57% of HR organisations expect to use more freelancers over the next 10 years.
K E Y A D VA N T A G E S
Deloitte Global Human Capital Trends2017
Service Performance InsightSeptember 2017
6% (64% � 70%)Increase in billable utilisation
8% improvement on the number of on-budget projects
By successfully improving utilisation rates in a low impact manner, companies have reported a 5%-10% increase in productivity per worker
6
INCREASE INVOICING;DECREASE DSO8
CONTINUOUS PERFORMANCE-BASED MANAGEMENT10
Top reasons service organisations implement a resource planning and management solution
CREATING BETTER PEOPLEANALYTICS
54% 54% 56% 58%Improved
Planning and Forecasting
Improved Resource Utilisation
See how more than 1.5 million resources across over 70 countries are scheduled and monitored with RETAIN
solutions in leading companies worldwide.
AchieveBetter
Visibility
Increase Project
E�ectiveness
9
BUDGETS7
Service Performance InsightSeptember 2017
Service Performance InsightSeptember 2017
Service Performance InsightSeptember 2017
Deloitte Global Human Capital Trends2017
Deloitte Global Human Capital Trends2017
A study by the Nation Computing Centre
x 100� BILLABLE HOURS
� AVAILABLE HOURS
1 2 3 4 5 6 7 8 9 10+10% +10% +10% +10% +10% +10% +10% +10% +10% +10% BONUS 100%
11
=
An Imaginary 11th employee is ‘created’ due to increased productivity.
OVERRUN
CURRENTPROFITS
MAXIMIZEDMARGINS
29% (+12%)17%
Firms using Professional Services Automation see an average of 29% profit margin on projects and a 12% increase in profitability.
To learn more, visit:retaininternational.com
To schedule a demo, call as us at(+44) 20 7538 4774
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