Mavenlink releases firm resource management software
Mavenlink, which makes cloud-based management software for professional services firms, has released an advanced Full-Cycle Resource Management solution to address the professional and marketing services industries, including accounting firms.
The solution is designed to help firms and accounting teams manage resources on multiple projects across estimation, planning, delivery and analysis stages of the services engagement. With Mavenlink, a team's time, expenses, and invoices are linked to the tasks and projects they impact in real-time.
Mavenlink includes a Master Planning Console — and drag and drop console that allows managers to allocate work hours, and visualize and resolve resource conflicts as they arise. This feature includes a Live View Resource Pool, which is an overview of all team members, allowing managers to sort and find the resources they need by project, role, competency, and other categories; and the Resource Matching Tool, which helps managers to find the best matched available resources for a given project.
Another key feature is Estimates and Scenarios, which is designed to managers estimate project resource needs, costs, and margins, and perform what-if analyses before setting a project into motion. This feature includes Scenario Builder, a solution that enables company estimators to build and compare staffing scenarios, and then quickly turn those scenarios into projects; and a Profit Margin Modeler, a tool used to adjust resource compilation, rate cards, and other information to optimize profit margin for each scenario.
The Staffing and Capacity dashboard provides firms with a set of resource and demand and capacity planning reports via Mavenlink Insights. The new reporting functionality includes a Capacity versus Demand Forecasting Report that highlights unstaffed demand and available capacity far enough in advance to make needed staffing adjustments; as well as a Roll Off Report, a daily calendar view that highlights any resource who will be rolling off a project soon to prevent margin leakage and reduce bench time.
“The sub-optimization of resources is one of the most pressing business issues for services firms today, compromising utilization rates, margins, and client satisfaction,” said Ray Grainger, CEO and Founder of Mavenlink, in a statement. “That is why we have invested heavily to solve it. With this launch, Mavenlink offers the most robust resource management product on the market, enabling our customers to be the best resource managers out there. The agility, efficiency, and reporting capabilities now available in Mavenlink’s Full-Cycle Resource Management will give our clients a competitive advantage.”
For more information about Mavenlink’s Full-Cycle Resource Management solution, click here.