Maximize Realization with OnePlace Operations & Finance
Record your time quickly, accurately and in compliance with client requirements to drive your firm’s financial performance.
Leakage Hurts Realization
Professional services firms are struggling with a high volume of write-offs, historically low realization rates, and delayed collections — all of which negatively impact working capital and profits per partner. With those issues in mind, OnePlace Operations & Finance helps firms minimize leakage, improve cash cycle efficiency, and drive realization and profits.
Reduce Unrecorded Work
Unrecorded work is catastrophic to collected realization; yet, busy timekeepers, faced with growing workloads and travel, miss and unintentionally underrepresent their time. By combining AI with activity capture to track all work in real time, OnePlace Operations & Finance ensures all work gets recorded.
Minimize Budget Overruns and Write-Downs
As the number of alternative fee-arrangements grow, firms without effective budgeting and monitoring are experiencing increased write-downs as projects overrun their budgets. OnePlace Operations & Finance tracks actuals against budget, providing early warnings to dramatically reduce the risk of those realization-sapping complications.
Reduce Write-Offs Through Client Compliance
Firms are experiencing a growing number of client adjustments and write-offs due to non-compliance with client terms. These issues are magnified by the prevalence of eBilling systems that scrutinize firm bills for violations. OnePlace Operations & Finance helps firms comply with client terms to dramatically reduce bill rejections and write-offs.
Accelerate Collections
The speed of your firm’s collections impacts both working-capital requirements and the potential for write offs. OnePlace Operations & Finance helps speed up collections by improving time hygiene, accelerating time recording and billing, and reducing rejected bills.
