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nwis.net gained valuable expertise in this industry
while working with the Managing Partner of a Big 4 accounting firm to design a
"best-of-breed" practice management solution over a three year
period.
Our primary mission was to decrease the time it took
to get large volumes of critical data into the view of the partners running the
practice with the ultimate goal of improving cash flow and profitability.
Partners in Professional Service firms understand
providing great service and fulfilling expectations for the client is
important, but the lifeblood and critical success factor is tracking time and
expenses accurately while speeding up cash flow.
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As with all professional service firms, overall
businesses profitability is completely dependent on how well it can track,
manage and bill the time & expenses from various partners and professional
staff. On the surface, managing this data may seem like a straight forward
affair. However, if not handled properly, this is where most of the problems
begin. Reports, reports, reports. Whereas a
wide range of “Time & Billing” applications already exist in the
marketplace, the focus of the efforts nwis.net poured into this industry has
been focused on practice management from the view of the global, national,
regional and local partners. Each of these partners needs access to different
types of information depending on their roles and responsibilities within the
firm. For the day-to-day issues involved with running a practice, like daily
reports and monitoring progress & activities on specific clients, a
granular approach to data is readily available.
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