Mavenlink announced the
Mavenlink Industry Cloud for Professional Services. Created specifically for
professional services organizations and marketing agencies, the Mavenlink Industry
Cloud for Professional Services addresses long-standing functionality gaps in
non purpose-built work management applications and legacy professional services
automation (PSA) software.
Industry-leading
professional services organizations demand modern resource management tools
Resource Management Tools
Solve Critical Issues, a commissioned study conducted by Forrester Consulting on
behalf of Mavenlink, uncovered that increased customer satisfaction and revenue
growth are two of the top benefits of adding resource management and planning
tools to a services organization's tech stack. Given these benefits, 50% of
professional services organizations surveyed indicated plans to invest in
purpose-built resource management technology, far exceeding investment intent
in other business software categories such as HCM (26%) and ERP (28%).
Services leaders historically
addressed core work and resource management needs with a collection of
generalized applications and business processes. Now, new dynamics and
pressures - such as shorter and more demanding engagements, geographically
distributed teams, diverse and hard-to-find skillsets, growing reliance on
external resources, and tighter margins - are reshaping professional services
strategies, operational processes, and technology requirements. In this
environment, professional services organizations recognize that existing
resource management processes and tools are no longer adequate and are
embracing purpose-built technology to enable and support competitive advantage
and superior client and financial outcomes.
In response to this need,
Mavenlink has introduced a comprehensive vision for perfecting resource
management within professional services, called Dynamic Resource Optimization
(DRO). The processes and technology enabling DRO are focused on optimizing
project staffing across project portfolios of any size and scale, while
leveraging any combination of internal and external resource pools. By
leveraging DRO, professional services organizations can more easily scale,
deliver superior client outcomes, and realize greater revenue and profits.
Mavenlink provides a path to
Dynamic Resource Optimization with its Industry Cloud for Professional
Services, a purpose-built platform for professional services designed to
elevate operational performance and predictability, optimize resources across
complex project portfolios and organizational structures, and uncover
operational insights needed to make smart business decisions.
"The Mavenlink Industry Cloud
for Professional Services helps services organizations break free from the
constraints of antiquated Professional Services Automation applications that
are impeding their success in a networked economy," said Ray Grainger,
co-founder and CEO, Mavenlink. "With Mavenlink's purpose-built technology and
deep domain expertise, professional services organizations can achieve
competitive advantage through superior operational performance, resource
leverage, client satisfaction, and financial results."
Mavenlink Industry Cloud for
Professional Services: Purpose-built for professional services organizations
The Mavenlink Industry Cloud
for Professional Services is a powerful collection of operational management,
resource optimization, business intelligence, integration and workflow
automation functionality that enables professional services organizations to
overcome persistent operational, client, and financial constraints. Mavenlink
has developed novel capabilities to address critical professional services
needs in the areas of project portfolio staffing, managed access to external
talent networks, and long-term scenario planning to align supply and
demand.
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Mavenlink Optimizer is a powerful resource optimization toolset that leverages
operations management science, advanced algorithms, and analytics to overcome
previously intractable resource management and planning challenges.
Organizations can determine optimal staffing combinations for large portfolios
of projects requiring diverse skill sets, across multiple geographics, for
varying time periods. Using the same capabilities, services leaders can
implement sophisticated scenario planning to evaluate how to best balance
supply and demand, resourcing strategies, and the implications for project
delivery, revenue realization, and profit margins.
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Mavenlink Private
Networks addresses critical resource gaps
and constraints that can hamper project performance, impact client
satisfaction, and constrain growth and margins by extending the application of
Mavenlink's resource optimization capabilities to a vast pool of external
talent, while considering the full breadth of resource characteristics that
define best fit. Mavenlink Private Networks is another way Mavenlink is helping
professional services firms achieve the optimal workforce of the future.
These new Mavenlink features,
coupled with a robust professional services software platform, solidify
Mavenlink's position as the leading vertical SaaS solution for professional
services organizations.
The Mavenlink Industry Cloud
for Professional Services is available now.