Every business wants to grow quickly, but not all are equipped to support fast-paced growth while still operating successfully.
For services businesses, growing quickly is a great sign because it means the service you’re providing your clients is resonating with them, solving their problems, and they’re likely telling others they know that you can solve their problems as well.
However, if your services business doesn’t have the tools needed to handle fast growth, sooner or later the business will suffer because you won’t have the bandwidth to continue providing the same high quality service that made you popular to begin with.
So what are the top performing services organizations doing to tackle challenges, win business, and retain customers? What are they doing to support growth, optimize resource management, automate billing, and improve reporting? Here are a few strategies that services businesses can use to support growth and continue to succeed as they gain more customers:
Be Able To Effectively Manage Multiple Projects At Once
As your business grows, your employees are going to be busy and likely have multiple projects on the go at once. Having a tool that can help them manage these projects more efficiently will be key to their success.
A Professional Services Automation (PSA) solution will allow for better resource management, time & expense management, services CPQ, and team collaboration. All of which will empower your team to manage projects successfully and deliver services that will keep your customers happy.
Integrate And Streamline The Back-Office
When you add new services and billing models, you need a billing system that is agile enough to support them, while keeping billing cycles fast and efficient. Manual, inflexible back-office processes can only cause slow billing cycles, costly mistakes, and frustrated customers.
Ideally, you want a Customer Relationship Management (CRM) system where sales creates new opportunities, a Professional Services Automation (PSA) solution where your services team tracks and manages their projects, and then a fully integrated back office system that supports everything from the opportunity all the way through to customer renewal and revenue recognition that passes data seamlessly with your CRM and PSA.
Routinely Survey Your Customers and Ask For Feedback
Another way the best professional services organizations support fast-paced growth is by asking for feedback from their customers and using the information they collect from their responses to make smarter business decisions for the future.
With a PSA solution like Klient PSA your project teams can send surveys to their customers right from the platform, and their responses will be stored in the product as well.
By creating and delivering project and customer surveys including NPS, CSAT, or free-form surveys to analyze client feedback and sentiment, businesses can learn from project engagements, and help build long-term customer advocacy to increase retention improve customer satisfaction.
Is Your Service Business Equipped to Support Fast-Paced Growth?
If not, implementing a Professional Services Automation (PSA) solution with a wide breadth of features and functionality, as well as the ability to seamlessly integrate with the other applications your business uses, could help you grow with more ease and efficiency.
Schedule a discovery call with our Klient expert to find out.
If you’re building a service-centric business, delivery to your clients is at the core of what you do.
It isn’t just about product inventory or what object you can create — you’re providing a service, one you hope customers feel they can’t get anywhere else.
To keep your clients happy and coming back for more, one of the best ways to increase revenue and reduce costs is to implement a Professional Services Automation system. (We’ve previously written about SPI Research’s study showing PSA services dramatically increase results — check that out here.)
If you need a few more reasons to consider implementing a robust PSA system in your organization, here are a few ways the right PSA can improve what your customers receive and how your employees deliver it.
1. Increased Utilization
Growing your service business is easier when utilization of internal systems improves. When your company adopts an end-to-end PSA system, teams across the entire business will have easy access to a tool that helps them track and manage their portion of delivery. Modern PSA solutions include improvements to target utilization thresholds, intuitive time-off calculations, and reporting by project, practice, region, and role.
A system exists for a reason, and adherence to it will ensure your internal teams are working at full capacity while giving leadership a better picture of what goes on for each customer’s service delivery.
2. Better Sales Projections
The more your organization uses a PSA system, the more information your leaders will have to plan for where your organization is heading. A service organization can implement a PSA solution that envelops the following facets of the business:
- Calendar management
- Document management
- Expense tracking
- Project management
- Resource management
When leadership has full visibility to all of those functions from one convenient system, projections and planning become much simpler to forecast.
3. Higher Productivity (and Billable Hours)
There are a few ways a service organization can grow billable hours with the implementation of a PSA solution. For one, employee time spent tracking projects and hours can become simpler when using PSA — so they have more time to actually spend delivering on projects. More time spent on projects means more billable hours. For another, communication about each project becomes simpler when various departments across the organization are all tapped into one central system. Communication is easier, and less back and forth needs to be done since each department has direct access to customer information. This reduces the need for questions in the first place and allows each team to get right to work. Finally, visibility increases across the organization for each customer’s projects. If there is a problem, firefighting becomes much more pinpointed. Bottlenecks become apparent when each project is visible across all departments, saving time and resources to get it back on track.
You want your teams to spend their time working on services for which you can bill your customers — make resolving issues as simple as possible.
4. Better Win Rates and Happier Customer Conversions
The visibility and access inherent with a PSA solution can also contribute to the success of your sales team. Krow Software is built natively on Salesforce, giving your sales team a host of advantages that comes from the end-to-end integration of PSA. Leadership will be able to pinpoint which services are most profitable (and therefore be able to target which services should be sold). And, salespeople will have greater visibility into prior customer successes, contributing to a greater understanding of what makes your organization’s services great. This will give them the ability to more accurately sell your services, setting better customer expectations and positioning the prospect-to-customer transition for success.
Your prospects will then be able to transition seamlessly to customers without the gaps that are present when using multiple software systems.
5. Happier Employees
When a system is easy to use, the end users benefit. In a service organization that’s utilizing a PSA system, the end users who benefit are your employees. Rather than siloing each department into their own software or project management system, having one centralized automation system for tracking prospects, conversions, customer projects, and even accounting makes the job of each of your employees that much simpler. When employees are happier, your organization becomes a better place to work, giving recruits and applicants even more reason to want to work for your company. This can lead to faster, higher-quality growth as your organization expands its human resources to meet increased customer loads and expanding service offerings.
Everyone wins when PSA is implemented well, including the organization.
Growing your service business can be accomplished in various ways, but you can take a huge leap forward by adding a PSA solution to help you manage your organization from the inside out.
Get more information about the #1 PSA for fast-growing companies here.
Fast Growing Software & Services Companies Continue to Select Klient for Professional Services Automation
Klient Software, a leading provider of professional services automation software, today announced explosive momentum as organizations globally continue to select and deploy Klient PSA.
Leading organizations continue to select Klient’s unified suite for professional services automation built 100% native on Salesforce with new customers including:
Increasing Competitor Replacements
In addition to recent customer wins, Klient continues to replace competitor solutions in an increasing number of opportunities. Recent replacements include multiple Financial Force customers including:
- Netsuite OpenAir
Debut of Klient PSA for Intacct
Klient also announced the general availability of Klient PSA for Intacct, combining sophisticated Project Management, Resource Planning, Time & Expense, and Project Billing with Intacct’s market leading Financial Management & Accounting Solution saving professional services firms significant time & effort, improving data integrity, and increasing alignment between delivery and finance teams.
Launch of Major New Enhancements
Klient is also unveiling major enhancements & new innovations to their Professional Services Automation (PSA) Suite with new functionality spanning Project Management, Proposals, Resource Planning, Time & Expense, Billing, and Pre-Built Integrations.