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Professional Services

 

Streamline Opportunity Management and the Proposal Process: Oracle allows Professional Services firms to target the right prospects and efficiently create the best proposals based on resource fit, capacity, and value of the customer and contract terms.

 

Improve Resource Utilization & Performance of all Projects. Oracle’s single repository enables firms to leverage the talent of the entire organization across all projects, select the best individual resources for each engagement, control scope of work and accurately forecast project outcomes and resource release dates. 

 

Drive Inefficiencies out of Administration & Support. Oracle improves efficiencies by automating the billing process, helps drive out inefficiencies from back office support costs to keep all resources focused on driving results with minimal non-revenue generating efforts.

 

Key Features

 

Oracle is a major supplier of applications and technology to all segments of the Professional Services industry. The solution set is unique in that the core requirements, being Project Management, has all the supporting applications, (HR/Payroll, self-service, procurement, billing, time & expense, reporting and BI) integrated into one offering to run the entire organization. 

 

The technology and integrated applications enable firms to unify all their resources and deliver the services as a one core enterprise despite being regionally diverse. 

 

Oracle applications drive value by:

  • Improving the quality and efficiency of proposals
  • Selecting the right resources for each engagement/project
  • Optimizing project performance
  • Increasing billing accuracy and improving the cash flow cycle
  • Reducing back office support costs

 

Benefits

 

Streamline Opportunity Management and the Proposal Process

  • Oracle allows Professional Services firms to increase efficiencies and accuracy in pricing & proposal generation by:
    • Utilizing the best historical terms & conditions and cost data for contract negotiations
    • Tracking & forecasting all key opportunities by project & by client to give increased visibility to all other stakeholders operational and financial
    • Determining resource availability for project requirements
  • Automatically Flows the proposal data into projects
  • Fully automates the time entry, project costing, resource tracking, billing and financial processes

 

Improve Resource Utilization & Performance of all Projects

Oracle uniquely enables Professional Services to leverage detailed information of all key resources to insure the best use of each consultant by:

  • Utilizing the right resources to optimize the entire project portfolio
  • Improving on time and compliant service delivery through all phases of the service delivery lifecycle
  • Controlling scope of work & activities throughout the project lifecycle
  • Accurately forecast the final outocme based on rates, utilization, time, work in place and other metrics.
  • Optimize project resource utilization globally
  • Enable collaboration between all project parties

 

Drive Inefficiencies out of Administration & Support

Oracle solutions automate all supporting processes by:

  • Automating resource billing to substantially reduce DSO
  • Quickly capturing expenses through integrated expense management
  • Simplifying the time entry process for all resources
  • Identifying potential bottlenecks before cash flow is impacted
  • The only vertically integrated project management solution
  • Actively supports the Maximization of revenue per employee
  • Project data hub that supports proactive role based reporting based on user-defined metrics.
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