What exactly is a service-based business?

At first, the response might appear obvious: service-based businesses provide a service. This answer is to some extent true, but it is also partly false. Service-based business doesn’t provide services per se, but the manpower and hours necessary to complete projects that later become services. Take on engineering firms, for example. Most are referred to as “service-based companies, ” but you may be wondering what they really are enterprises that rent out technicians by the hour to complete projects.

How can service-based businesses appropriately put together the quantity of manpower they need to complete projects?

Again, the answer seems obvious: Professional Services Automation (PSA) systems. These provide visibility and control over project resources. Any PSA system worth its deserving can deliver service-based company project managers and useful resource managers with the information necessary to accurately plan, track and execute assignments according to their employees’ skills and schedules. PSA systems may make project-related information obvious and malleable, nevertheless, they hardly make life easier when they can’t be integrated with users’ other business management software. Envision the need being forced to manually drag every project-related cost, bill, or invoice to your ERP  system.

Aren’t there any specific PSA solutions?

With NetSuite’s Services Resource Planning (SRP) solution, service-based businesses no longer have to worry about their PSA system not automatically integrating with their ERP solution. NetSuite SRP involves easy-to-use features that provide the same services as a traditional server-centered PSA system. Additionally, because SRP is part of NetSuite’s line of cloud-based business management solutions, it automatically integrates all information within NetSuite’s ERP to ensure each of your projects is completed on time and on budget, but also that all their information is rapidly integrated within the rest of your company’s business processes.

In the NetSuite ERP System, Below is how NetSuite SRP works. First, SRP compiles employees’ knowledge, skills, and availabilities into Netsuite so that the information essential to plan billable work time can be easily retrieved and arranged, guaranteeing that every resource can be used to its full potential. Second, NetSuite SRP generates accurate invoicing and billing documents. These types allow users to effectively recognize opportunities and fix-price projects, allowing financing and project managers to better communicate while minimizing stress before year-end audits! Finally, NetSuite SRP works with all necessary information with the NetSuite ERP solution, giving users the features of a PSA system without the inconvenience of manually integrating the information with other business-related software. Speak about project management made easy!

What can Bista’s Solutions do to profit you?

Bista Solutions understands the struggles associated with adequately coordinating service-based businesses’ manpower, billing, and software. NetSuite SRP helps a team to complete projects according to their schedules and budgets. We would wish to share NetSuite’s SRP solution with service-based businesses enthusiastic about bettering their practices. Contact us for Demo or email us at sales@bistasolutions.com.