For engineering firms, where precision and efficiency are paramount, staying on top of project progress and financial health can often feel like navigating in the dark. Engineering firms regularly grapple with multifaceted projects, relentless deadlines, and the intricate task of resource management. This challenge is worsened by the need to manually extract data from various platforms and reports, all while striving to remain on budget and meet critical deadlines.
That’s where PSA (Professional Services Automation) software like BigTime comes in. The true power of PSA software lies in its ability to offer real-time visibility into the inner workings of projects. These real-time insights can identify bottlenecks, allocate resources effectively, and address issues as they arise, ensuring that projects stay firmly on track.
Keep on reading to learn how PSA software gives engineers real-time insights so projects stay on time and on budget.
Progress Updates: Effortlessly track the progress of ongoing projects in real time. Project managers no longer need to rely on sporadic updates or time-consuming manual reporting. Instead, they have instant access to the latest developments, enabling them to assess how well a project is advancing toward completion.
Budget Tracking: Access real-time insights into project budgets to easily compare current expenditures with the allocated budget. This capability helps to identify any deviations promptly and is invaluable in ensuring projects stay on budget and any financial goals are met.
Resource Allocation: Efficiently allocate resources as needed, without the delays associated with manual processes. This ensures that the right personnel are assigned to the right tasks, optimizing efficiency and preventing resource shortages or overages.
Impending Deadlines: Time is of the essence in the engineering world, and PSA software doesn't overlook this crucial aspect. Project managers and team members can stay on top of impending deadlines with real-time reminders and alerts. This helps avoid last-minute rushes and ensures that projects progress smoothly according to the established timelines.
Time and Expense Tracking: Easily track and record billable hours and expenses, which are then integrated into the real-time project data. This streamlines the process of invoicing clients and ensures that all billable hours and expenses are accurately captured, improving financial transparency and revenue management.
How to Get Real-Time Insights at Your Firm
Now that you know the benefits of having real-time insights at your engineering firm, you may be curious about what it would look like to operate. In a helpful webinar, Real-Time Project Insights for Engineers, BigTime gives you an inside look at how their software provides a single point of entry across an organization, automates those time-consuming tasks, and gives you a bird's eye view of all your project's inner workings.
Watch the webinar where BigTime Software will show you how it’s done for you, in real-time with:
- Seamless time & expense entry
- Real-time budgets reporting
- Detailed project management insights
- Intuitive tasks dashboards
- Comprehensive staff utilization management
Click here to watch the on-demand webinar.
About BigTime Software
BigTime takes the guesswork out of utilization, capacity planning, and project profitability while driving operational efficiency for professional services organizations. Our award-winning PSA software provides project planning, budgeting, time and expense tracking, and invoicing, all backed by powerful reporting and analytics. We help engineers budget, track, and bill their most important asset: time. To see why thousands of growing professional services organizations rely on BigTime to more easily manage their businesses and effectively plan for tomorrow, request a demo today.
