Professional Services

Professional services firms are encountered with innumerable challenges in their business workflow. As commoditization of offerings, surging wages, increasing operational costs and cut-throat competition are contributing to decreased margins, productivity trends continue to be a no-show. Technological limitation and lack of automation add further to the lower levels of productivity. While challenges and opportunities keep showing up, the success mantra lies in efficiently managing inputs and delivering cost-effective outputs to the customers.

Challenges and Opportunities

Analyzing Profitability: Evolving customer demands and changing business requisites tend to threaten the profitability margins of professional services firms. Thus, the call of the hour is to analyze profit margins and work upon bottom lines strategically.

Resource Assignment: Every project demands a specific skill set and domain expertise for successful completion. It becomes eminent to allocate resources thoughtfully, analyzing various parameters, to meet the requisites of individual projects and deliver qualitative solutions.

Physical Resource Management: Managing physical resources efficiently is a big challenge for professional services firms, especially in the current era of widening demands and cut-throat competition. Integrating technological excellence in traditional business model is essential for managing resources such as time, billing and expenses more accurately.

Streamlining Reporting Processes: Employment models need rephrasing as the challenge to streamline and Consolidate manual reporting processes threaten the profitability of professional services firms.

Managing Growth: Effective growth management is even a bigger challenge as compared to growth achievement. Firms are required to strike a balance between customer expectations and business deliverables to ensure quick, steady and multi-faceted growth of the business model.

How Xicom Delivers Business Value

Xicom has been catering to established professional services firms for over a decade. Software solutions delivered by our product developers aids your firm in sustaining cut-throat competition. At Xicom, we understand that professional service interfaces are not just about appealing aesthetics- it's about a scalable design and rich functionalities that make consumer's web experience an inviting one. Whether you are seeking solutions for Accounting Software, Research and Development ERP, Business Management Consulting, Architecture ERP and Business Process Management or Marketing Project Management, Xicom has diversified customization services for you.

Marketing Project Management Software Solutions: Xicom renders top-rated project management software solutions that enable your firm to give personalized attention to each project, including on-going engagements and new pitches. Our account management solutions unify the view of client relationship, thus making management effective. Solutions offered by Xicom completely integrate into your business model to reduce revenue leakage and maximize the number of billable hours. Handle revenue recognition and WIP, project budgets and capture opportunities and set cost and rates on project, client or work code basis.

Accounting Software Solutions: Account management software solutions rendered by Xicom enable you to manage on-going client engagements and take up new opportunities by presenting client relationship in a single view. Our Quick engagement tools use default template settings to simplify the intricate engagement creation process. Furthermore, controlling unassigned entry and available engagement codes facilitate accurate time management. Invoice consolidation software developed by our experts enable you to effectively manage draft billing and WIP processes.

Business Management Consulting Software Solutions: Our business management consulting tools aim at reducing leakage of increased profits and revenues and maximizing billable hours by implementing full cycle integration. Comprehensive solutions for business process management increase the agility of your business model. Our solutions cut down on redundant administrative processes and costs inculcated on the business model by these processes, thus increasing productivity and efficiencies.

Research and Development ERP Solutions: Our ERP solutions targeted at Research and Development offer increased visibility of current and future human resource needs, thus maximizing resource utilization and performance. We render software tools that streamline business processes and link everyone involved in a client initiative including freelancers and other external resources. We offer comprehensive management solutions aimed at securing billing rules that impact multi-funded or joint initiatives, funding and full cost allocations.

Architecture ERP and Business Process Management Solutions: Xicom renders Business Process Management Workflow that enables your firm to evaluate issues and build risks into bid management process. Our software tools empower your business to control and manage complex contractual arrangements such as expenses, third parties, procurement and payables cycle. Handle revenue recognition and WIP, project budgets and capture opportunities and set cost and rates on project, client or work code basis.

Software Services ERP Solutions: Xicom tools tailored for software services include analysis and auditing tools that make your business model compliant with regulatory requisites such as SEC, Sarbanes-Oxley and FASB mandates. Solutions offered by Xicom completely integrate into your business model to reduce revenue leakage and maximize the number of billable hours. Our solutions cut down on redundant administrative processes and costs inculcated on the business model by these processes, thus increasing productivity and efficiencies.

Xicoms' Professional Services Offerings

• Back Office Management
• Risk Management and Compliance
• Service Enterprise Operations and Back Office Management
• Service Infrastructure Management
• Service Project Delivery and Customer Management
• Cloud Computing
• Enterprise Content Management (ECM)
• Business Intelligence and Data Warehousing
• IT Staff Augmentation
• Service Workforce Management
• Mobile Applications
• Web Applications / Portals
• Application Development and Maintenance

To know more about our professional services offerings and to get in touch with us, please complete our request information form and we shall get in touch with you shortly.

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