2012 Innovation Awards Nomination:
ProSystem fx Practice Intelligence
www.cchgroup.com/practiceintelligence
Successful firms need a fast and efficient way to retrieve practice data and make key profitability decisions. Who are the most profitable clients? Who are the most productive staff members? How do this year’s billings compare to last year’s? ProSystem fx® Practice Intelligence offers business intelligence immediately, in clear, eye-catching onscreen reports. ProSystem fx Practice Intelligence speeds up analytics, automates reporting and easily puts data at the fingertips of professionals.
In order to get a true understanding of a firm’s health and to control expenses, professionals need accurate reports and quick access to practice data. Unfortunately, firm data tends to reside in more than one system, and many reports must be produced manually using Microsoft® Excel®. The result is too much time spent on producing reports and not enough opportunity for analysis.
Instead of a manual process that involves compiling time entries, billings and cash receipts; comparing budget to actual; and generating reports, ProSystem fx Practice Intelligence automatically flows information from ProSystem fx Practice Management into an easy-to-read, fully-customizable and interactive dashboard. Professionals can access regular WIP updates, hours posted, utilization rates and outstanding AR days in near real-time. ProSystem fx Practice Intelligence delivers a whole new level of analysis, insight and value when integrated with ProSystem fx Practice Management.
Business intelligence solutions make data analysis simple and easy, putting professionals in control of the data so they can get fast answers to their most critical business questions. A well-implemented business intelligence solution can reduce analysis time by 50% and achieve return on investment in less than 90 days. Data can be seen in a whole new light, with easy-to-read charts, tables and graphs in multiple formats. By enriching the data-sharing experience, business intelligence software enables more effective collaboration across departments and regions.
Many firms spend up to 15 hours per month producing reports, leaving as little as one hour a month for analysis. With ProSystem fx Practice Intelligence, professionals can spend less time producing reports and more time running their business.
ProSystem fx Practice Intelligence puts professionals in control, letting them explore their firm’s data with unprecedented freedom, so they get the answers they need to swiftly take action.
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