{"id":15261,"date":"2020-03-03T00:00:00","date_gmt":"2020-03-03T06:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/"},"modified":"2022-04-04T13:13:49","modified_gmt":"2022-04-04T18:13:49","slug":"how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/","title":{"rendered":"How to Make Allocating and Managing Resources Easier with a PSA Solution"},"content":{"rendered":"<figure>\n<div class=\"feature-image\"><img decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/media.planview.com\/changepoint-blog\/gettyimages-1092087526-1.jpg\" alt=\"How to Make Allocating and Managing Resources Easier with a PSA Solution\" \/><\/div>\n<\/figure>\n<p>Let\u2019s face it: Many professional services companies are disorganized and are nowhere near as efficient as they could be. This dysfunction frustrates employees and clients and prevents organizations from reaching their full potential.<\/p>\n<p><!--more--><\/p>\n<p>It\u2019s becoming increasingly difficult for many professional services companies to make sure the right people are in the right places at the right time. As a result, costs increase, projects are delayed, quality of service suffers, and employees and clients alike get frustrated.<\/p>\n<p>Let\u2019s look at two reasons for this disorganization when it comes to service-based models (and a solution).<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 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\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/#Resource_Management_Challenge_for_Professional_Services_Your_People\" >Resource Management Challenge for Professional Services: Your People<\/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\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/#Resource_Management_Challenge_for_Professional_Services_Your_Technology\" >Resource Management Challenge for Professional Services: Your Technology<\/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\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/#What_Is_Professional_Services_Automation_Software\" >What Is Professional Services Automation Software?<\/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\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/#What_Are_the_Benefits_of_PSA_Solutions\" >What Are the Benefits of PSA Solutions?<\/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\/how-to-make-allocating-and-managing-resources-easier-with-a-psa-solution\/#Changepoint_PSA_Project_Management_for_Todays_Leading_Professional_Services_Firms\" >Changepoint PSA: Project Management for Today\u2019s Leading Professional Services Firms<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Resource_Management_Challenge_for_Professional_Services_Your_People\"><\/span><strong>Resource Management Challenge for Professional Services: Your People<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Of course, companies are only as strong as the people who power them.<\/p>\n<p>In the age of the gig economy and an increasingly distributed workforce, more and more professional services organizations are working with remote teams and contractors.<\/p>\n<p>Most project managers can\u2019t just walk to the cubicle next to them to find everyone they need for a specific project. And many of them can\u2019t simply head over to a single repository to find and assign all of the resources they need for any specific project.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Resource_Management_Challenge_for_Professional_Services_Your_Technology\"><\/span><strong>Resource Management Challenge for Professional Services: Your Technology<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology is a major driver of this disorganization in resource allocation and management.<\/p>\n<p>Although new tools and devices have certainly helped professional services organizations deliver more value to their clients in recent years, these tools also present a number of unique challenges.<\/p>\n<p>A recent study found that the average employee uses 35 <a href=\"https:\/\/www.techrepublic.com\/article\/employees-switch-apps-more-than-1100-times-a-day-decreasing-productivity\/\">mission-critical applications<\/a> to do their job, switching between these platforms upwards of 1,100 times a day, making automation of key processes and workflows virtually impossible.<\/p>\n<p>With so many vital apps in place, data can be spread out among seemingly countless repositories, making it difficult\u2014if not altogether impossible\u2014to make sense of it all.<\/p>\n<p>The good news is that there is one tool that can help solve your people and technology problems\u2014and then some. Enter, <a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/professional-services-automation\/\">professional services automation<\/a> software.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Professional_Services_Automation_Software\"><\/span><strong>What Is Professional Services Automation Software?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Professional services automation (PSA) software brings all project management resources together to help providers keep their fingers on the pulse of client engagements from conception to completion.<\/p>\n<p>The technology gives organizations a single interface that centralizes all critical components of project management under one roof. Instead of being required to hop from one platform to the next and back again, project managers can simply consult a single app to find the information and functionality they need to do their jobs\u2014such as invoicing, time-tracking, contract management, resource management, collaboration, scheduling, document management, project management, and more.<\/p>\n<p>Thanks to PSA solutions, project managers have deeper insight into resource allocation\u2014making it that much easier to make sure client expectations are met with each project.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Benefits_of_PSA_Solutions\"><\/span><strong>What Are the Benefits of PSA Solutions?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Because of the benefits the technology delivers, PSA software is becoming increasingly integrated into the tech stacks used by today\u2019s best professional services providers. With that in mind, let\u2019s take a look at four of the main reasons more and more companies are turning to PSA solutions.<\/p>\n<h3><strong>1. Productivity gains<\/strong><\/h3>\n<p>With the right PSA solution in place, project managers no longer have to toggle between an endless number of platforms to allocate resources appropriately; approve expenses, timesheets, and invoices; and find the information and assets they need to make sure jobs are done the right way. As a result, they are able to approach their work more efficiently\u2014getting better results while being able to do more in less time.<\/p>\n<h3><strong>2. Project timelines are met<\/strong><\/h3>\n<p>PSA platforms help project managers move faster, and they also give them a bird\u2019s-eye view of each project. At the same time, these solutions help professional services workers who are out in the field accelerate their workflows by easily staying on top of communications and submitting time and expense reports in just a few clicks, for example. These features help project managers ensure that timelines are kept and resources that were allocated for particular projects are always available\u2014which might not be the case when start dates shift.<\/p>\n<h3><strong>3. Profitability increases<\/strong><\/h3>\n<p>By gaining more insight into each project and better understanding their organizations through robust reporting functionality, project managers are able to continuously refine their workflows, figure out how to allocate resources more effectively, and determine the best people for each kind of job. Over time, this helps them delegate assets and resources more effectively, boosting profitability and bolstering the bottom line along the way.<\/p>\n<h3><strong>4. Customers are happier<\/strong><\/h3>\n<p>Faster timelines and stronger resource allocation work together to ensure that clients have a positive experience during each project. As a result, customers are happier\u2014and more likely to recommend your professional services firm to folks in their networks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Changepoint_PSA_Project_Management_for_Todays_Leading_Professional_Services_Firms\"><\/span><strong>Changepoint PSA: Project Management for Today\u2019s Leading Professional Services Firms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you\u2019re looking to improve your professional services firm\u2019s efficiency by gaining more visibility into all of your projects, a solution like <a href=\"https:\/\/www.changepoint.com\/products\/changepoint\/\">Changepoint PSA<\/a> can help.<\/p>\n<p>With Changepoint PSA, all aspects of projects\u2014including financial management, contract management, resource management, project management, time and expense management, and revenue management\u2014are at the fingertips of project managers, giving them granular insight into each project.<\/p>\n<p>The end result? Increased productivity, smarter decisions, and happier customers\u2014which translate into a more profitable company. What\u2019s not to like?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s face it: Many professional services companies are disorganized and are nowhere near as efficient as they could be. This dysfunction frustrates employees and clients and prevents organizations from reaching their full potential.<\/p>\n","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":3,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[9398],"tags":[],"class_list":["post-15261","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 v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Make Allocating and Managing Resources Easier with a PSA Solution<\/title>\n<meta name=\"description\" content=\"Discover a better way to allocate and manage resources with a PSA 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