NetSuite for Consulting Organisations
Increase Billable Hours and Profitability with Integrated ERP and Professional Services Automation (PSA)
Today's consulting practice constantly needs to meet the challenge of optimising the alignment of staff while profitably delivering projects on time. On top of this, your organisation has many non-billable administrative tasks like resource management, invoicing and business planning. While necessary, these tasks equate to lost revenue or foregone personal time. With NetSuite, you can gain greater efficiencies by minimising administrative tasks for your consultancy while gaining valuable real-time insights to improve realisation rates, project profitability and boost client satisfaction.
Learn more about NetSuite ERP and NetSuite OpenAir, our professional services automation (PSA) solution. Or learn about a specific feature—Project Management, Resource Management, Time Tracking, Expense Tracking, Reporting/Dashboards and Invoicing.
Optimise resourcing: With projects constantly in flux, effectively allocating the best skilled resources to the right projects and minimising bench time is critical. NetSuite's resource management software lets you proactively identify internal staff with required skills (e.g. domain knowledge or language) and address potential bottlenecks before they become a problem. With complete visibility, you can forecast resourcing needs accurately and increase utilisation for your consultancy while saving your most valuable people from burn out.
Increase project profitability: Dashboards let you compare billed to budgeted time, monitor the status of a project in real-time and proactively identify potential overruns. NetSuite's project management software allows you to benchmark a proposed project against a similar completed engagement to generate a reliable quote, and conduct "what-if" planning to optimise billing and margins. NetSuite's ERP system makes project-based accounting easy. With complete visibility across your consultancy's projects, you can identify engagements that are selling well or teams that have delivered a project type more profitably than others.
Improve collaboration: NetSuite's collaboration platform keeps everyone in your practice on the same page by empowering your consultants to capture and share important documents and intellectual property among team members, regardless of their location, so they can benefit from each other's experiences. With the turnover many consulting organisations face, this allows you to retain institutional knowledge and assure clients there won't be disruptions.
Automate time and expense tasks: NetSuite offers online, offline, and mobile access, so you can empower staff to record time and expenses on the go. They can take a picture of a taxi receipt and submit it before they even reach a client meeting. Automated approval rules specific to your business ensures T&E reports are processed quickly, with only the amount of intervention you desire. With our simple capture and routing and ERP financial system integration, you can also ensure appropriate expenses hit client invoices quickly too.
Implement rapidly globally: Our flexible cloud solutions offer the ability to customise processes and workflows to match the structure and existing processes of your consulting practice, and can be implemented in around half the time as a traditional on-premise system. If your clients or consultants span the globe, NetSuite supports over 17 languages and downloads daily exchange rates for accurate currency conversion. Compliance with country-specific taxes and regulations is also readily handled. And with our mobile functionality, anyone can securely access the system anywhere at any time.