With the challenges of globalization, professional services firms need in-depth insight to continually deliver innovation and service-value to clients. CCH Tagetik for Professional Services brings together all HR, project, and financial data in a single trusted source, so you can analyze every aspect of your practice.
With integrated information across all departments, you can drill deep into billable hours, employee utilization and project profitably, while making real-time adjustments to ensure you’re efficiently managing resources and projects. To ensure your client engagements are always profitable, our solution equips you with built-in workflow approval processes, capacity and project planning tools, and ad hoc analytic reports by any dimension. Deliver client value while driving revenue growth with CCH Tagetik.
3 reasons why CCH Tagetik for Professional Services lets you focus on your business
Optimize profitability with a single version of the truth
Assess profitability optimization across all practices. Access a single data source that integrates with payroll, aligns capacity and project planning, and updates the P&L in real-time.
Plan resource utilization
Allocate the right employee resource mix for maximum operational efficiency. Ensure all available resources are billable with detailed tracking of hours worked and billed by client, project or practice.
Make Agile decisions with what-if margin analysis
Ensure projects are profitable. Model drivers and scenarios by project, client, type of service and partner fees to estimate expenses. Analyze margins before proceeding with a client or project.
Read what our customers have to say
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KPMG Greece
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Randstad
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Rabo Bouwfonds Communication Infrastructure Fund
Leveraging the built-in reporting capabilities of CCH Tagetik’s software, we have a consistent and robust mechanism for calculating our KPIs, enhancing our insights into business results and improving our capa-bilities for capacity and resource planning as well as just-in-time corrective action.
I am very proud that we have delivered the project within the timelines that we had set and within the budget. CCH Tagetik will deliver added value to Randstad Group through its advanced functionality and cloud deployment.
CCH Tagetik has accelerated our reporting processes and improved our financial analytics. We have gained more control over our financial data and can now produce periodic reports including quarterly fund re-ports. The annual financial statements and analysis for our management is faster and more efficient than before.
Power BI impact: Keywords Studios’ reporting success using CCH® Tagetik and the cpmVision solution
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Power BI impact: Keywords Studios’ reporting success using CCH® Tagetik and the cpmVision solution
Employee planning in professional services
Estimate a practice group’s profitability by determining resource related expenses and allocating employee activities. Plan for fee income, expense, and salaries using granular professional services drivers, like billing rates for service type or hours billed to client projects.
- Model compensation plans based on the position type
- Monitor employee rates and capacity utilization
- Calculated fixed and variable compensation expenses
- Model employee transfers, promotions, and new hires
- Report hours worked vs billed metrics by practice
Planning in the professional services industry
Planning in the services industry isn’t one-size-fits-all. Whether you need to base revenue plans on multiple compensation models, plan for FTE capacity, or plan projects according to the nature or the engagement, our single solution provides insight into the granular metrics you need to optimize margins and profitability.
- Assign budgeted employee hours to project tasks
- Perform capacity planning for optimum utilization
- Track and analyze project hours at the task-level
- Use driver-based modeling to project revenue realization
- Analyze margins via KPIs like utilization percentage
ARC Europe enhancedreporting and efficiency with CCH® Tagetik and Power BI
ARC Europe enhancedreporting and efficiency with CCH® Tagetik and Power BI
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