NetSuite OpenAir Helps IT Consultants Improve Resource, Profitability Forecasts

"The system illustrates a true understanding of project profitability. NetSuite OpenAir's current and historical costing and pinpoint time and expense tracking provides the foundation for accurate and reliable profitability calculations."

—Stonebridge

Results:

NetSuite OpenAir's automated costing, pricing, and profitability-forecasting capabilities help Stonebridge deliver projects on time and within budget
Process automation helped Stonebridge improve its revenue and resource forecasts by eliminating timesheet input errors and delays
Role-based dashboards let executives create their own reports, removing the burden from project managers
Real-time identification of project issues helps Stonebridge resolve problems faster and more effectively than before
NetSuite OpenAir's intuitive user interface lets employees tailor processes to their specific needs

Challenges:

Manual processes made it difficult for the IT consulting company to forecast resource utilization or project profitability
Time-tracking accuracy suffered because of consultants' reluctance to enter their time consistently
Vacation tracking was tedious and error-prone, leading to inaccurate resource forecasts
Executives depended on project managers to create reports, adding to project managers' administrative workloads

Solution:

Stonebridge knows that its forecasts are accurate because planned hours now closely match actual hours for projects
Because of the high quality and accuracy of NetSuite OpenAir's project data, Stonebridge is able to feed it directly into its general ledger application