{"id":15233,"date":"2020-03-03T00:00:00","date_gmt":"2020-03-03T06:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/"},"modified":"2020-03-03T00:00:00","modified_gmt":"2020-03-03T06:00:00","slug":"8-reasons-why-you-need-psa-software-with-business-intelligence","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/","title":{"rendered":"8 Reasons Why You Need PSA Software with Business Intelligence"},"content":{"rendered":"<figure>\n<div class=\"feature-image\"><img decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/media.planview.com\/changepoint-blog\/blog-8reasonsbusinessintelligence.jpg\" alt=\"8 Reasons Why You Need PSA Software with Business Intelligence\"><\/div>\n<\/figure>\n<p>            <span id=\"hs_cos_wrapper_post_body\" class=\"hs_cos_wrapper hs_cos_wrapper_meta_field hs_cos_wrapper_type_rich_text\" style data-hs-cos-general-type=\"meta_field\" data-hs-cos-type=\"rich_text\"><\/p>\n<p><span data-contrast=\"auto\"><\/span><\/p>\n<p><!--more--><\/p>\n<p><span data-contrast=\"auto\">When services organizations don&#x2019;t have a solution in place t<\/span><span data-contrast=\"auto\">hat&#xA0;<\/span><span data-contrast=\"auto\">dive<\/span><span data-contrast=\"auto\">s<\/span><span data-contrast=\"auto\">&#xA0;deep<\/span><span data-contrast=\"auto\">&#xA0;<\/span><span data-contrast=\"auto\">into<\/span><span data-contrast=\"auto\">&#xA0;their internal projects and resources, day-to-day operations can quickly turn to chaos, resulting in inefficient operations, unnecessary expenses, poor service, and<\/span><span data-contrast=\"auto\">&#xA0;revenue<\/span><span data-contrast=\"auto\">&#xA0;leakage<\/span><span data-contrast=\"auto\">.&#xA0;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">Given these material risks, <\/span><a href=\"https:\/\/www.changepoint.com\/solutions\/by-need\/services-automation-sa\"><span data-contrast=\"none\">professional services automation<\/span><\/a><span data-contrast=\"auto\">&#xA0;(PSA) software is a logical tool that can help manage a company&#x2019;s assets and projects to deliver better&#xA0;<\/span><span data-contrast=\"auto\">financial&#xA0;<\/span><span data-contrast=\"auto\">results. But business intelligence takes these PSA capabilities to another level, empowering traditional PSA software with data-driven capabilities that offer more functionality<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">&#xA0;<\/span><span data-contrast=\"auto\">clarity<\/span><span>&#xA0;<\/span><span data-contrast=\"auto\">and value to an organization.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">Here are eight ways your business can benefit from a PSA solution combined with business intelligence.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#1_Resource_Management_Is_Dramatically_Improved\" >1. Resource Management Is Dramatically Improved<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#2_Project_Visibility_Is_Improved_in_Real_Time\" >2. Project Visibility Is Improved, in Real Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#3_Project_and_Task_Management_Is_Standardized\" >3. Project and Task Management Is Standardized<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#4_All_Actions_Are_Visible_Through_an_Audit_Trail\" >4. All Actions Are Visible Through an Audit Trail<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#5_Built-In_Analytics_Can_Inform_Strategy_Decisions\" >5. Built-In Analytics Can Inform Strategy Decisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#6_Business_Services_Are_Rendered_Faster_and_More_Efficiently\" >6. Business Services Are Rendered Faster and More Efficiently<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#7_Relationship_Management_Is_Improved\" >7. Relationship Management Is Improved<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#8_Expenses_Are_Effectively_Managed_and_Reduced\" >8. Expenses Are Effectively Managed and Reduced<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blog.planview.com\/8-reasons-why-you-need-psa-software-with-business-intelligence\/#Conclusion\" >Conclusion&#xA0;<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Resource_Management_Is_Dramatically_Improved\"><\/span><span style=\"background-color: transparent;\">1. Resource Management Is Dramatically Improved<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">A PSA solution offers easy visibility into your company&#x2019;s entire resource pool. Instead of viewing resources on a project-by-project basis, you can&#xA0;<\/span><a href=\"https:\/\/www.changepoint.com\/blog\/the-best-features-of-ppm-resource-management\"><span data-contrast=\"none\">allocate resources more effectively<\/span><\/a><span data-contrast=\"auto\">&#xA0;according to top business priorities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">Business intelligence delivers&#xA0;<\/span><span data-contrast=\"auto\">actionable<\/span><span data-contrast=\"auto\">&#xA0;insights and can&#xA0;<\/span><span data-contrast=\"auto\">automatically&#xA0;<\/span><span data-contrast=\"auto\">make recommendations regarding resource management.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Project_Visibility_Is_Improved_in_Real_Time\"><\/span><span style=\"background-color: transparent;\">2. Project Visibility Is Improved, in Real Time<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">A PSA solution with business intelligence offers comprehensive visibility into each ongoing project, including resource utilization, personnel management, timelines, and other information.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">This information can also be viewed in real time, as well as documented in reports, allowing organizations to use such a tool to make business decisions with the latest information available.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Project_and_Task_Management_Is_Standardized\"><\/span><span data-contrast=\"auto\">3. Project and Task Management Is Standardized<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">As a centralized platform that can handle projects and other tasks, PSA software makes&#xA0;<\/span><span data-contrast=\"auto\">complex&#xA0;<\/span><span data-contrast=\"auto\">project and task management easy by&#xA0;<\/span><span data-contrast=\"auto\">using data to&#xA0;<\/span><span data-contrast=\"auto\">standardiz<\/span><span data-contrast=\"auto\">e<\/span><span data-contrast=\"auto\">&#xA0;the management process<\/span><span data-contrast=\"auto\">, end-to-end<\/span><span data-contrast=\"auto\">.&#xA0;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">This improves the mobility of personnel when&#xA0;<\/span><span data-contrast=\"auto\">they&#x2019;re<\/span><span data-contrast=\"auto\">&#xA0;being switched onto new projects as a means of&#xA0;<\/span><span data-contrast=\"auto\">&#xA0;<\/span><span data-contrast=\"auto\">optimizing&#xA0;<\/span><span data-contrast=\"auto\">resource management. It also makes it easy for managers to quickly view and assess projects and tasks without having to understand the unique management methods being applied.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_All_Actions_Are_Visible_Through_an_Audit_Trail\"><\/span><span data-contrast=\"auto\">4. All Actions Are Visible Through an Audit Trail<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Visibility and transparency lead to better accountability for businesses, as well as improved quality assurance. If a mistake is made&#xA0;<\/span><span data-contrast=\"auto\">in the course of<\/span><span data-contrast=\"auto\">&#xA0;a project, for example, an audit trail can help you figure out where the error was made.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">When combined with business intelligence, an audit trail can also identify markers of success, including KPIs that indicate strong performance on a given project, which&#xA0;<\/span><span data-contrast=\"auto\">translates&#xA0;<\/span><span data-contrast=\"auto\">to&#xA0;<\/span><span>&#xA0;<\/span><span data-contrast=\"auto\">performance<\/span><span data-contrast=\"auto\">&#xA0;<\/span><span data-contrast=\"auto\">improvements&#xA0;<\/span><span data-contrast=\"auto\">across other&#xA0;<\/span><span data-contrast=\"auto\">future&#xA0;<\/span><span data-contrast=\"auto\">projects and tasks<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Built-In_Analytics_Can_Inform_Strategy_Decisions\"><\/span><span data-contrast=\"auto\">5. Built-In Analytics Can Inform Strategy Decisions<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">A&#xA0;<\/span><span data-contrast=\"auto\">standard<\/span><span data-contrast=\"auto\">&#xA0;PSA solution can help you manage projects and resources for better results. But when business intelligence is added to the mix,&#xA0;<\/span><span data-contrast=\"auto\">you&#x2019;re<\/span><span data-contrast=\"auto\">&#xA0;able to use&#xA0;<\/span><span data-contrast=\"auto\">&#xA0;data from your reports to inform higher-level strategy decisions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">R<\/span><span data-contrast=\"auto\">eports can&#xA0;<\/span><span data-contrast=\"auto\">feature<\/span><span data-contrast=\"auto\">&#xA0;<\/span><span data-contrast=\"auto\">data&#xA0;<\/span><span data-contrast=\"auto\">visual<\/span><span data-contrast=\"auto\">izations<\/span><span data-contrast=\"auto\">&#xA0;for better presentation and analysis by executive decision makers, helping you turn your PSA software into an engine for better leadership.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_Business_Services_Are_Rendered_Faster_and_More_Efficiently\"><\/span><span data-contrast=\"auto\">6. Business Services Are Rendered Faster and More Efficiently<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">With better resource management and visibility into business operations, you can allocate resources and prioritize tasks to ensure that projects meet set deadlines, providing on-time service to your clients.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">This speed also brings efficiency, because business activities are being optimized to best utilize resources and&#xA0;<\/span><span data-contrast=\"auto\">time in ways that keep&#xA0;<\/span><span data-contrast=\"auto\">revenue coming in the door<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"7_Relationship_Management_Is_Improved\"><\/span><span data-contrast=\"auto\">7. Relationship Management Is Improved<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Relationship intelligence is an aspect of business intelligence that can help you&#xA0;<\/span><a href=\"https:\/\/www.business2community.com\/business-intelligence\/5-types-game-changing-professional-services-automation-software-02035729\"><span data-contrast=\"none\">gather insights on client relationships<\/span><\/a><span data-contrast=\"auto\">&#xA0;and take proactive action when those relationships are in need of attention.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">By assessing the relative strength or weakness of your client relationships, you can identify the keys to&#xA0;<\/span><span data-contrast=\"auto\">their&#xA0;<\/span><span data-contrast=\"auto\">success<\/span><span>&#xA0;<\/span><span data-contrast=\"auto\">&#xA0;and make strategic adjustments to extend their longevity and value.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"8_Expenses_Are_Effectively_Managed_and_Reduced\"><\/span><span data-contrast=\"auto\">8. Expenses Are Effectively Managed and Reduced<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Improved management of resources,&#xA0;<\/span><span data-contrast=\"auto\">&#xA0;client satisfaction, and other optimizations all combine to reduce expenses<\/span><span>&#xA0;<\/span><span>&#xA0;<\/span><span data-contrast=\"auto\">and increase the ROI of your business activities.&#xA0;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">With these savings, you can either scale down your in-house resources to lower operating costs or increase your productivity to generate&#xA0;<\/span><span data-contrast=\"auto\">better<\/span><span data-contrast=\"auto\">&#xA0;margins<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span data-contrast=\"auto\">Conclusion<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">If you currently&#xA0;<\/span><span data-contrast=\"auto\">aren&#x2019;t<\/span><span data-contrast=\"auto\">&#xA0;using PSA software with business intelligence, you&#x2019;re sacrificing valuable insights that could improve not just your business operations, but also executive-level decision-making that affects the entire company.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><span data-contrast=\"auto\">It&#x2019;s<\/span><span data-contrast=\"auto\">&#xA0;time to find out how business intelligence can maximize the capabilities of your PSA software.&#xA0;<\/span><a href=\"https:\/\/www.changepoint.com\/contact-us?hsCtaTracking=2421bb82-f93e-445c-a6d0-53f3973d8f0c%7C14f79128-0d0f-4397-96d2-9f8c003b163d\"><span data-contrast=\"none\">Contact us today<\/span><\/a><span data-contrast=\"auto\">&#xA0;to find out how to bring your professional services to the next level.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&#xA0;<\/span><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":103,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[9398],"tags":[],"class_list":["post-15233","post","type-post","status-publish","format-standard","hentry","category-professional-services-automation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>8 Reasons Why You Need PSA Software with Business Intelligence<\/title>\n<meta name=\"description\" content=\"Discover how 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