5 Benefits Of Using IT Professional Services Automation

Posted by N 2 Tech on December 4th, 2019

Many professional services companies cognize that they need an IT Professional Services Automation (PSA) system. However, there is a huge difference between learning that everyone is using a similar tool, and really cognizes the fruits is gives to your business.

While you are cognizing the true advantages of upgrading or moving your IT PSA solution, you can persuade others in the company to shift worthwhile. But the number speaks for itself. These statistics are taken a year back from the report Annual Professional Service Maturity:

• Companies can bill more time with IT PSA tools: Worker billable consumption is 73.2 percent in companies using IT PSA tools and only 68.7 percent don’t.
• Projects take less time with IT PSA equipment: Normally project staffing duration is 8.5 days where use solution of PSA and 10 days in business do not.
• Fringe is higher in businesses with PSA tools: Project fringe is 34 percent in company using solution of PSA and 27.4 percent in business that do not.

Indeed, business that use IT PSA beat businesses that isn’t considered by the research. The counts are powerful, but managers need to see what it means in practice for their part of the business. Let’s see what IT PSA difference it makes:

• Database in the PSA is controlled centrally – a cost data and project revenue is stored in a single database. It makes it easier for an organization to forecast the cost. Then there is another significant item such as deliverables. This makes you easier to track the cost, expenses, and system while the project is ongoing.
• Methods of Working are Standardized – while everyone is using the similar tool, the purpose of doing of tasks are obviously standardized. Irrespective of the role on a project, or who is client is. The interface of user of project data entrance is consistent. It makes easier for the client to switch between projects.
• Report of PSA is in real time – while the project is ongoing the information of each minute is updated without any problem. Since the reporting is ongoing in real-time client can see the log once they have the time. Even the project managers can watch it later if they are busy in any office work.
• Audit Trail is easier in PSA – since everything is documented in PSA, this enable an auditor to do it easily without any problem. Since the system keeps all the history.
• PSA tool costs lower cost of admin – through this tool, administration will not be required to do manual tracking and make a spreadsheet to migrate data on it. Everything will be built-in and nothing to worry about.