Top 5 KPIs for Professional Services Organizations

This process, however, is sometimes easier said than done.   

Among the most common challenges we have found in professional services businesses like yours that truly impact growth is that there is a disconnect between what the client wants and what the business thinks it should deliver. The result of this is many write-off times, work is completed late, and invoices go out late as well.   

Invoices are sometimes incomplete, creating revenue leakage, or rejected because they were incorrectly done. This generates an increase in your day's sales outstanding by 30 to 40 days.  

For these reasons, it is vital to have financial Key Performance Indicators (KPIs) in place, however, with so many KPIs that seem to be important, though – current AR, current AP, budget variance, burn rate…the list goes on and on.   

• Is your financial department tracking the correct KPIs?
  
• Do you have financial control and immediate visibility in real-time that can allow for improved efficiencies?  

To find out answers and advice on these questions and more, access this 30-minute on-demand webinar, hosted by Carl Lewis, Customer Ambassador, and Mark Hillman, Solutions Consultant at Vision33, and get a look at how Sage Intacct can immediately provide that visibility and financial control in real-time that will allow your business to continue its path towards high-growth and high-profitability by:

• Real-time visibility of every transaction within the organization.
  
• Providing organizational insight into the how, why, and when of every transaction.
  
• Easily document every decision making process for each transaction and facilitate detailed audit trails. 

Bottom line – These financial KPIs will allow you to drive key decision-making strategies that will put your professional services organization on a path to continual financial improvement.  

Fill out the form on this page and immediately access this insightful webinar!