Professional services

When the thing being sold is time, every commercial question eventually reduces to whether the utilisation number is true.

In short

Professional services firms sell time, so project accounting and utilisation decide profitability. TechCloudPro implements Oracle NetSuite for project costing, time and expense, revenue recognition and resource visibility, so margin per project is known during delivery rather than after it.

What goes wrong when the product is time

How we work with professional services firms

One definition of utilisation

Utilisation is calculated in the system from the same time records that drive billing, so the operational and financial views cannot drift apart.

Project margin during delivery

Cost accrues against the project as time is booked, which moves the margin conversation to a point where the engagement can still be corrected.

Recognition across every commercial model

Fixed price, time and materials and retainer arrangements are configured with their own recognition rules rather than reconciled by hand each period.

Resourcing against real availability

Resource visibility comes from the same records as delivery and billing, so a staffing decision is made against what is actually free.

This sector in depth

The practices that apply

Organisations in this sector we have worked with

AccentureProtiviti

Related reading

Where we work from

Questions services firms ask

Does NetSuite handle project accounting and utilisation
Yes, with time, cost and billing against the project, which is what allows one consistent definition of utilisation across the firm.
Can it handle fixed price and time and materials together
Yes. Each commercial model gets its own recognition treatment so the period close does not depend on a manual reconciliation.
When should we know a project is losing money
During delivery. If margin only becomes visible at completion, the system is reporting history rather than supporting the engagement.

Start with your situation

Describe what is not working. We will tell you which practice it belongs to.

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