Three crucial issues faced by consulting firms
After rich discussions with our clients and partners, whether they are associates or consultants, the following needs have emerged as the most common and the most important.
- Optimise the utilization rate of your consultants through improved capacity management
- Maximise your profitability by assigning billable resources to the right projects
- Analyse your performance by consultant, client or type of mandate to guide your firm's strategy
Optimise the utilization rate of your consultants through improved capacity planning
Managing the utilization rate of your consultants is a critical success factor. How to stay focused on value-added activities?
First of all, by using a simple and intuitive tool, you will reduce the amount of time spent of administrative tasks such as entering timesheets or expenses.
With its capacity management component, Beeye will keep you better informed on your most valuable resource: your teams and how they manage their time.
With Beeye, you get an instant overview of your consultants’ availability, skills and hourly rate to help you decide who you need to increase the success of your projects.
You can easily reduce downtime in between projects and anticipate your hiring needs by clearly measuring and displaying your teams’ capacity, their availability, as well as the demand peaks and troughs.
Maximise profitability by assigning billable resources to the right projects
The first step for efficiently managing a consulting firm is to hold information that will allow you to prioritise the most important mandates in order to maximise your profitability.
Too often, a consulting firm can commit to a project without having correctly estimated the human resources cost associated to it.
Beeye's project creation process makes it easier to verify from the start of the project, that it meets the required availability and profitability criteria for all types of projects.
Scenarios may be composed on the fly to build a team that will deliver the best results.
Finally, with a real-time visibility on your team's workload you will be able to align your planning to ensure that all your consultants are working on revenue generating activities.