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PracticeInsightsTM

Gain Insights into your Practice

Know Some of the Facts Relating to Business Intelligence:

A professional services practice captures and stores vast amounts of data within a practice management tool. Are you able to fully utilise this information and make business decisions?

PracticeInsightsTM brings significant value to the following industries

Accountants
Law Firms
Consulting
Professional Services

Would the following enhance your reporting capabilities?

dashboard
  • No reliance on IT to run reports / extract data
  • A single version of the truth
  • Real time Information
  • The ability to easily pull in information from other business systems i.e. HR, CRM, ERP
  • Define Role based access – Empowering business users with access to data based on their role

Key benefits gained from PracticeInsightsTM by stakeholder:

Role Day to day Insight into the Practice Day to day Insight into Regional Office Day to Day Insight into Account Portfolio Day to Day Insight into Account Management
Managing Partner
Office Principle
Partner
Fee Earner

How PracticeInsightsTMWorks

PracticeInsights takes the guess work out of understanding your practice.

Now with the click of a button you can analyse historic and current data.

  • Dashboard
  • Exposure
  • Production & Employee Performance
  • Billing
  • Collections

Dashboard:

Instantly gain visibility into:

  • Practice revenue to data vs budget and previous year
  • Cash collections against target
  • Current WIP & Debtors
  • Performance by office, partner or manager

Exposure:

‘At a glance’ views by organization, region, partner or account manager for:

Greater insight into exposures:

  • View the top x number of Debtors
  • View the top x number of WIP
  • View the top x number of Total exposure

View exposures based on point of time

Production & Employee Performance:

Production against budget

  • Cross office production
  • Production chargeable vs non-chargeable
  • Analysis of type of production
  • Drill down to individual time sheet entries

Billing:

  • Analysis of bills
  • Bad debt analysis (write off’s)
  • Drill down to individual billing line items
  • Actual billing vs budget

Collections:

‘At a glance’ views by organization, region, partner or account manager for:

  • Opening debtors and Cash collections to date
  • Calculated cash collection target
  • Cash collection vs target
  • Cash Collection vs previous year
Summary
  • Easy to use – simple intuitive dashboard
  • Easy to configure – no IT footprint
  • Fast to deploy – configurable not programmable
  • Cost effective – rapid ROI, typically 9 months
  • Flexible – configured to individual business requirements
  • Scalable – systems from 50 – 1000’s of users
  • Ability to make on the spot informed decisions