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Why an Enterprise Collaboration Tool is a Necessity in 2021?

The need for enterprise collaboration as well as an online collaboration tool has never been so much as in the past twelve months. However, it is somewhat strange that most business managers and professionals mistake collaboration for the use of software tools, the growth of which has been extraordinary – thanks to COVID-induced work-from-home. Statistics reveal an exponential rise in the adoption of collaboration tools such as Zoom, Microsoft Teams, WebEx, Google Meet, etc. Now, let us look at companies. There are bad companies. There are good companies. And there are great companies. What makes some companies great, and others just ordinary? Is it the quality of their products and services? Is it the organizational processes and tools? Is it the competency of their people? Maybe, maybe not! While discussions and conversations about organizational success may turn toward processes, tools, skills, one aspect that gets very little focus is – collaboration! Research indicates that a majo...
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How PSA software is the future of Professional Services Firms?

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  A study by McKinsey indicates that most industries are either facing or are expected to face different levels of perceived instability of the business environment. Different types of Professional Services are also expected to face the wrath of the future instability triggered by factors including technology, global competition, regulations, compliance, information security, and others. While organizations must rework their go-to-market strategies and operating models, the role of automation via Online PSA Software appears to be pivotal. An Online PSA Software c o uld push professional services enterprises into the future — with relative ease! Before we get there, it is essential that we understand how professional services industry works. There are two key stages that professional services companies go through — Pre-Sales and Project Delivery…read more at   https://www.productdossier.com/blog/details/0000000236
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Cost Estimation and Budgeting in Project Management

  You may be delivering a professional services project for a B2B customer or a new product development project. It might be an internal project to improve the productivity of a functional area through an automation tool. Let us face it. Irrespective of the nature of your project, businesses and their leaders are judged by their impact to the top line (revenue) and the bottom line (profit) Cost Estimation and Budgeting in Project Management turns out to be either your weakest link or the strongest one - to profitability. What does Cost Estimation and Budgeting entail in Project Management? The objective of Cost Estimation is to understand all the resources and the associated costs needed to deliver the project satisfactorily. Budgeting assigns a constraint in terms of the total amount that the project could spend. It is interesting to observe that Cost Estimation is performed by the project management team while the Budget is decided by the Project Sponsor or a Senior Manager. The ...
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Seven Things You Should Do In Automation Professional Services Software

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  Professional services enterprises are leveraging the top-of-the-line automation suites, to drive greater efficiency, productivity, and collaboration. Engineering, law, healthcare, design, and consulting firms are understanding the core benefits offered by   automation professional services software solutions , as they are a critical part of an overall digital transformation journey. To unlock the underlying advantages that a PSA software can provide, it is important to review the most important aspects of the automation platform. Let us analyze the 7 most important things businesses should focus on when using an online PSA software. 1.  Project  p lanning tools  — Implementing the right planning tools for projects is key to maximizing execution efficiencies. Projects that are planned through professional services automation software, are better aligned with organizational goals and delivery expectations. They also help professionals create robust business case...
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Professional Services Automation (PSA) Software for MSPs and IT Professional

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  Over the past couple of decades, IT offshoring and outsourcing have grown significantly. However, the traditional approach of staff augmentation (where clients paid for each staff member a service provider added to complete an IT contract) soon made way for a robust model under which managed service providers (MSP) deliver specific capabilities for a given price. Markets and Markets estimates the   global managed services market   at USD 329 billion by 2025. Managed services include security, network, data center, IT infrastructure, and communication & collaboration. The need for  PSA   software for MSP or IT PSA software  has become imminent due to intense competition and demanding customers. Read more at  https://www.productdossier.com/blog/details/0000000224
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How Proposal Management Can Increase Your Profit?

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  To survive and thrive, businesses need to create leads, capture those leads and convert them into lifelong customers. The danger is that one mistake can destroy a firm’s relationship with the customer. This is the reason why more businesses are beginning to use enquiry management systems everyday — to create a consistent approach to their sales opportunity funnel and create a lifelong customer. In simple terms, an  enquiry managemen t  system is an  automated proposal software  that works at the front end of the funnel to capture these opportunities and to successfully convert them. Incoming inquiries and opportunities are logged, tracked, and managed through this process so that sales teams can act on them. It also gives management an overall view of how these enquiries are handled so they can measure and predict sales performance. This type of proposal software eliminates the chance of enquiries falling through the cracks. By doing this, companies can p...
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Ultimate Guide: Proposal Automation Software

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  Just try to imagine, creating a Proposal without a Proposal Automation Software. When it comes to creating a solid Proposal, an individual might spend hours and hours to draft a proposal. Gathering different aspects, outlining the goals, defining timelines, giving estimates, and recreating recommendations if any. Then it gets delivered to the prospect and we move to the next Proposal drafting process. But what happens next? Did that Proposal get looked at? Did that Proposal create an impact? And with each prospect who sends you a request to proposal (RFP), we start from the scratch again. Proposal Automation Software TouchBase – Proposal Automation Software brings you just what you need. It is : Specific to industries! Aligned with organizational standards and processes. Templatize proposal creation Proposal scheduling and resource management. Match the various types of contract. Transition from proposal to project delivery. Seam...
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