Projectworks

Projectworks is a cloud-based Professional Services Automation (PSA) software suite designed for consulting and professional services organizations. The platform consolidates resource scheduling, time tracking, expense management, project accounting, and financial forecasting to streamline the service delivery lifecycle.

Key Capabilities

• Resource Management: Provides real-time visibility into staff Availability, Resource Utilization, and Capacity Planning to coordinate project delivery.
• Time & Expense Tracking: Utilizes digital Timesheets for tracking billable hours and mobile-responsive Expense Tracking forms to manage project expenditures against budgets.
• Invoicing Automation: Generates pre-populated invoices based on recorded time and expense data, with direct synchronization to accounting software to streamline billing processes.
• Revenue Forecasting & Profitability Analysis: Consolidates financial ledger and resourcing data to model future revenues, analyze Project Profitability, and monitor margin trends.
• Reporting & Analytics: Features Real-Time Dashboards and specialized PSA Analytics to track key performance indicators (KPIs) across projects, client accounts, and project teams.
• Third-Party Integrations: Maintains connectors with financial, development, and collaboration software to synthesize project management and financial reporting systems.

Audience & Use Cases

• Audience: Operations managers, resource schedulers, project managers, financial officers, and professional services consultants.
• Use Case: Automating professional services operations, tracking billable time and expenditures, balancing team capacity, and analyzing financial forecasting and delivery margins in consulting firms.

Technical Specifications

• System Integrations: Integrates with financial accounting software (Xero, QuickBooks Online, MYOB), issue tracking and DevOps engines (Jira, Azure DevOps), CRM systems (HubSpot, Salesforce), and business collaboration tools (Microsoft Teams, Outlook, Google Calendar).
• Implementation & Support: The vendor provides specialized Data Migration services, administrator and user training, and ongoing technical support.