Timetta

It is important to understand that any financial model is a compromise between the accuracy and simplicity of its calculations. The financial model described in this article, and how it was developed, should not be considered completely accurate. All information is of an estimated and simplified nature.

https://timetta.com/blog/profitability-in-consulting-and-professional-services-simple-financial-model

We are going to use the example of a small software development company called SmartSoft, and create a simplified financial model to determine the main parameters that affect the profitability of this business.

Profitability in the Field of Consulting and Professional Services: A Simple Financial Model We are going to use the example of a small software development company called SmartSoft, and create a simplified financial model to determine the main parameters that affect the profitability of this business.

Resource management works seamlessly with other system functions. The project resource plan provides accurate information about planned labor costs. The booking calendar ensures that staff utilization is high and balanced.

Resource requests provide a bridge between projects and resource pools, and allow to build project teams effectively, according to defined requirements and availability.

How it works?

Resource Management | WorkPoint Resource requests provide a bridge between projects and resource pools, and allow to build project teams effectively, according to defined requirements and availability.

WorkPoint is an accounting and analytical system that collects various data and provides analytics to company management.
Dashboards display information about key performance indicators in charts, histograms, and speedometers, while analytical reports provide detailed information.

Any report can be exported to Excel. And if required, the report can be connected to an external analytical system, such as Excel, Power BI, QlikView or Tablo.

How it works?

Analytics and Reports | WorkPoint Dashboards display information about key performance indicators in charts, histograms, and speedometers, while analytical reports provide detailed information. Any report can be exported to Excel. And if required, the report can be connected to an external analytical system, such as Excel, Power BI,...

Feedback from our satisfied customers 👍

MEF PKF has been using WorkPoint for exactly a year. It took two weeks to start the system, and now it has more than fifty employees. Of course, the accounting of working hours, planning of loading and project management were carried out earlier, without this the normal work of the audit and consulting company is impossible, however after the implementation of the system we reached a new level.

Today, the leaders of our company see all projects in dynamics, and the consolidation of data and analysis of the results of operations of the divisions and the company as a whole takes much less time. This is especially true for long-term and multi-stage consulting projects, where we monitor incoming requests and allocate our resources depending on client activity.

Thus, WorkPoint allows us to evaluate projects, employees, and customers from different angles and be even more efficient.

Alexander Radutsky
Managing Director

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