What Is Psa Software?

What is professional services automation (PSA) software?

  • Software Needs of an MSP. An RMM platform supports the IT team in its daily tasks to maintain client networks/workstations.
  • Key Modules in the Perfect PSA.
  • Time Sheets,Task Completion,and Automated Billing.
  • Accounting Integration.
  • Client Management Tasks for MSPs.


What does PSA software do?

What is PSA technology? The PSA in PSA technology stands for “professional services automation.” This technology helps professional services organizations handle time tracking, contracts, project management, invoicing and billing, and more.

What does PSA stand for computers?

A. P. S. ( Professional Services Automation ) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce.

What does PSA stand for in CRM?

PSA stands for ‘ Professional Services Automation ‘. The term describes the IT functions that manage teams. A PSA system is particularly necessary for the management of IT support departments or Managed Services Providers (MSPs).

What is PSA module?

The Project Service Automation (PSA) application helps organizations efficiently track, manage, and deliver project-based services, from the initial sale all the way to invoicing. The app enables you to: Plan projects, and create estimates and work schedules. Manage quoting, pricing, and billing for projects.

What is PSA cloud?

Cloud-based PSA enables you to access the solution through a vendor via the internet instead of physically on a computer server. It offers various perks such as: Mobility: You can verify and monitor real-time information on any mobile device with a strong internet connection.

What is PSA in Salesforce?

FinancialForce Professional Services Automation (PSA) is the services management and operations tool your business needs. FinancialForce PSA is built on a single, cloud-based platform – Salesforce.

What does PSA mean in manufacturing?

Professional services automation (PSA) is a process through which routine tasks and procedures in the professional services industry are automated through a software application or an IT system. Professional services automation involves the creation, termination and management of a set of processes.

How do you use PSA?

How to Get Cards Graded By PSA

  1. Create a free account on PSA’s Online Submission Center. Visit the PSA Online Submission Center and create a free account.
  2. Follow the simple, step-by-step process. From there, the system takes you through a step-by-step process.
  3. Complete the Submission.
  4. Package and ship your submission.

What is the difference between ERP and PSA?

A PSA is the closest thing to an ERP in running daily business operations. Different PSA software vary in functionality, with a pretty broad range of options. A well-designed and customized PSA will have some critical functions, such as automated project, time, expense, asset, and resource management.

What is PSA email?

How to Write a PSA ( Public Service Announcement )

What is PSA 200?

It could be that a PSA of above 200 results from a big contribution from infection, also a contribution from benign growth, and a contribution from cancer.

What is a PSA vendor?

= A Preferred Supplier Agreement, or PSA, is an agreement entered into by a company and one of their third party suppliers.

What are project services?

Project Services means project or data services, of which timing and staff availability are planned with Client. Project Services may include the provision of Deliverables such as, implementation work, written specifications, designs, tests and/or reports.

Professional services automation – Wikipedia

Preferred by attorneys, auditors, and IT consultants, professional services automation (PSA) is software that helps them manage client projects, allocate resources, and monitor their billable staff’s utilization rates. Specifically, this is performed through the development of metrics to measure and qualify fundamental business processes, which may subsequently be utilized to simplify and optimize those processes. Functions that are typical of a project management and documentation system include time recording, billing, reporting, and labor usage.

As a consequence, in addition to effectively managing client projects, independent contractors can avoid income loss and billing cycle delays by following these guidelines.

Business expansion leads to a growth in the size and complexity of their initiatives, which is common practice.

Software types

In its most basic form, professional services automation software may merely provide timesheet systems (including expense reporting and project management). However, in their most comprehensive form, they might also contain customer relationship management (CRM), resource management, opportunity management, and knowledge management functions.


Professional services automation (PSA) software is intended to increase the performance and profitability of professional services organizations. Significant improvements in key performance metrics, such as those measured by SPI Research, were found in a recent end-user survey.

  • Reduced project cancellation rates as a result of faster staffing and billing procedures Project completion rates that are on schedule and within budget have improved. Reduce the amount of revenue that is lost. Increased rates of resource usage
  • Project margins have been improved.

Towards the end of the study, the researchers developed a return on investment (ROI) model for the average 172-person professional services business. According to the findings of the research, the company might anticipate to spend somewhat less than $200,000 on installation and software license expenses over a five-year period. The return on investment, on the other hand, was expected to be approximately $23 million in improved income and cost savings.

Software awards

The Software and Information Industry Association assigns ratings to this category of software, as it does to the majority of software categories.


  • Rudolf Melik, Rudolf (2002). PSA stands for Professional Services Automation, and it is a method of optimizing project and service oriented organizations (PSOs). Wiley, New York, New York, ISBN 0-471-23018-9

What Is PSA Software?

Although there is no singular meaning for the word “professional services,” it may typically be understood to refer to jobs that require specialized knowledge or training (and, in some cases, professional licenses) to perform their duties. That is, professional services businesses do not offer things; rather, they sell their expertise, time and effort. Almost every company makes use of professional services at some point, whether for specific projects or to support regular operations as the company grows.

It is not possible for them to manage everything in-house, therefore they contract with organizations or individuals to provide professional services. Examples include the following:

  • Consulting services from accountants to advertising agencies to business coaching agencies to consultants to engineers to financial advisers to graphic designers to information technology organizations to lawyers to marketing agency to project managers to recruiting agencies

What is PSA technology?

“Professional services automation” (PSA) is the abbreviation for “professional services automation.” This technology assists professional services firms in a variety of areas, including time tracking, contracts, project management, invoicing and billing, and more. As a result of transitioning from manual procedures to automated workflows, professional services firms, particularly small businesses, have seen increased overall efficiency, decreased overhead costs, and faster growth. Since everything is information-driven, “if you don’t have the right information architecture in place, you’re never going to be able to be successful,” says the author.

The use of professional services automation software, rather than the use of different platforms for each process, may save time and money for your professional services firm.

Interested in learning more about how that works?

Who needs PSA software?

If billable time is your primary source of revenue and you provide services to a large number of clients, you might likely profit from professional services automation software.

Digital marketing and advertising agencies

Companies utilize customer relationship management (CRM) software to automate their whole client lifecycle, from marketing through sales, project management, and billing. When used in conjunction with marketing and sales tools, professional services automation (PSA) software may assist generate new income and possibilities. More information may be found here.

Software, High-Tech and IT services companies

PSA solutions may assist you in managing your resources, whether you are a software developer or a provider of IT services. Time tracking and project management features are extremely beneficial to software, high-tech, and information technology (IT) companies. More information may be found here.

Financial services and accounting

Revenue from billable hours or fixed-price projects may be readily handled with the help of project management software. Are you in the process of productizing your services? PSA software might also be of use in this regard. More information may be found here.

Architecture and engineering firms

Spend less time on administrative tasks and more time on completing assignments on schedule. Smart, self-driving automation technologies in construction project management software make life easier for construction workers. More information may be found here.

Big-picture benefits of PSA software

Your business may automate a wide range of activities with the help of professional services automation software. Moreover, if you choose for a full, integrated solution, you will be able to connect these workflows together for truly hands-free operations.

Nothing but a single, seamless client experience across the whole customer lifetime – no more spreadsheets or point solutions for project management, time tracking, contract management, and invoicing.

Less admin, more billable hours

A business’s workflows can be automated using professional services automation software. Moreover, if you choose for a full, integrated solution, you will be able to link these workflows together for truly hands-free operations. Nothing but a single, seamless client experience throughout the whole customer lifetime – no more spreadsheets or point solutions for project management, time tracking, contract administration, and invoicing

Improved customer satisfaction

Your business may automate a wide range of operations using professional services automation (PSA) software. And, if you pick a full, integrated solution, you will be able to link these workflows together for truly hands-free operations. Nothing but a single, seamless client experience across the whole customer lifetime – no more spreadsheets or point solutions for project management, time tracking, contract management, or invoicing.

PSA software for project management

In the professional services industry, project management is one of the most difficult issues to overcome. It is one thing to successfully close a transaction. Another important aspect is completing the task on schedule, within budget, and in accordance with the project scope. In all sectors, project managers have one thing in common: they have a large number of tasks to handle (defining deliverables; setting goals; creating schedules, budgets, and timelines; and allocating resources, to name a few).

  1. It costs money to spend time transferring between platforms, creating spreadsheets, manually inputting information, and repairing errors when that time might be spent working on client projects.
  2. What amount of money has been spent thus far?
  3. Are all of the deadlines being met?
  4. How does the current progress on this project compare to the progress on other projects?
  5. However, digging through spreadsheets and piecing together information from many platforms takes time and effort — and the answers may still be ambiguous in the end.
Automated project setup

In the professional services industry, project management is one of the most difficult tasks to do. It’s one thing to close a transaction. Another challenge is completing the task on schedule, within budget, and in accordance with the project scope. Every industry has something in common: project managers are saddled with an enormous amount of responsibility (defining deliverables; setting goals; creating schedules, budgets, and timelines; and allocating resources, to name a few). Without the proper tools, project managers frequently find themselves spending more time and energy on managing their project management procedures than they do on real project management, which is a waste of time and energy.

  1. Project managers require complete insight into every part of the process in order to keep things on track and on schedule as well.
  2. What percentage of the total is still available?
  3. Is it necessary to reconsider some component of the project?
  4. The answers to these questions would be simple if we lived in an ideal world.

It takes time and effort, though, to dig through spreadsheets and piece together data from several platforms — and in the end, the answers can still be ambiguous. Project management capabilities such as the following should be sought in a project service automation platform:

Project planning

A solid project management system (PSA) will help you to plan projects — utilizing Gantt charts, checklists, and other tools — straight from your CRM environment, bridging the gap between sales and service operations.

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Project status tracking and alerts

Improved visibility across all of your accounts is made possible by progress monitoring, and automated notifications notify you when any projects deviate from the planned path.

Dashboards and reporting

Reporting tools provide you with the ability to learn from completed projects, allowing you to improve the effectiveness of your project management strategy in the future.

Perfect the Sales to Project Management Cycle

When it comes to professional services work (and project-based work in particular), precise time monitoring solutions are required. The explanation for this is self-explanatory – for many businesses, the number of hours spent on a project affects how much money is charged to the client. Your business might be losing money if you are unable to charge appropriately. Timekeeping, on the other hand, isn’t just about billing. As an important component of project management, it can prevent your team from going over budget or providing excessive service to clients.

Overservicing has also been found to be a source of profit loss for 49 percent of creative agencies, with lack of visibility into overservicing being cited as the primary reason for the profit loss by the Society of Digital Agencies (SDA).

If you talk to experts in other service areas — such as accountancy, engineering, and information technology — you’ll most certainly hear stories that sound similar.

  • The time tracking systems used in professional services (and specifically project-based work) must be precise. In this case, the logic is self-explanatory: for many businesses, the number of hours spent on a project affects how much money is billed to the customer. Your company might be losing money if you are unable to charge appropriately. In contrast to this, timekeeping is not just concerned with invoicing. As a crucial component of project management, it may prevent your team from exceeding its budget or providing excessive service to clients. According to a Ginger Research poll done in 2019, 90 percent of public relations companies overserve their clients. The Society of Digital Firms revealed that 49 percent of creative agencies saw a profit loss of 11 percent or more owing to overservicing, with 57 percent attributing the loss to a lack of insight into overservicing. Additionally, timekeeping problems (28 percent) and timekeeping delays (27 percent) were mentioned, both of which might lead to overservicing. You’ll probably hear similar stories if you talk to professionals in other service industries, such as accounting, engineering, and information technology.

It is undeniable that overserviced projects are a significant source of concern for service providers. Fortunately, the correct time tracking system may assist in putting a stop to excessive service. You may find a number of time monitoring tools on the internet, many of which are completely free of charge. It’s vital to remember that each one has its own set of advantages and disadvantages, and that some may even add to the workload of your staff, making automation quite useful. In contrast to standalone time tracking systems, integrated project management software may make use of your timesheets as a vital source of project information for the entire organization.

Automatic alerts

You’ll receive an instant notice if too many (or too few) hours have been logged on a project, which will allow you to make necessary modifications and prevent overservicing from occurring before it happens.

CRM integration

The ability to view time logs straight from your CRM reduces the need for additional processes and saves time.

Custom rolesCustom roles and hourly rates

If you use good project management software, you may give several responsibilities to each team member, allowing them to monitor time at varying billable rates depending on the job they’re presently working on.

PSA software for invoicing and billing

No matter what sector you work in, you and other professional services firms have at least one thing in common: the need to get cash in your hands as quickly as possible. It is feasible to reach this aim without an efficient invoicing and billing system, but it is practically impossible without one. Even if you are satisfied with your present invoicing and billing platform, combining it with a professional services automation (PSA) system might help you get more out of it. The use of automated invoicing and billing alternatives can greatly minimize the amount of human work required, preventing invoicing from becoming a post-project job.

Any type of invoice, whether time and material, recurring, milestone-based, or installment-based, can be generated and sent with ease using a decent project service automation (PSA) solution, whether you prefer to send them manually or based on triggers from your project management processes.

Invoicing automation

Automatic invoice creation (for example, when a certain number of billable hours are documented or when a specific milestone is completed) eliminates manual labor for your team and helps you get paid more quickly by increasing your cash flow and decreasing your costs.

Accounting software integrations

Introduce the advantages of automation into your existing business procedures. If your organization’s current invoicing and billing technology is doing effectively, look for a PSA platform that interfaces with it.

Custom invoice approval options

While recurring and installment bills may not necessarily require manual clearance, more complicated projects may necessitate more scrutiny. A decent project management system will allow you to adjust your settings and choose whether to approve projects manually or automatically for each project.

Integrated invoice tracking

Regular and installment invoices do not always require manual approval, but complex projects may necessitate additional scrutiny. Customize your settings and choose between manual and automatic approval for each project with a good project management platform.

PSA software for operations

Project management, time tracking, and invoicing are all components of your organization’s internal operations, therefore improving the efficiency of each component improves the overall efficiency of your organization’s internal operations. This improvement can be considerably greater when using PSA software, which eliminates the gaps that exist between each component. On a day-to-day basis, professional services automation software may streamline operations in all of the ways we’ve already mentioned.

With a birds-eye view of workforce capacity, project data, margins, and client satisfaction metrics, you can:

  • Calculate your expenditures by keeping note of the administrative hours necessary to complete a transaction
  • Scope creep, for example, should be identified and addressed as soon as possible. Profitability can be forecasted more correctly, and resources can be planned more effectively. Upselling and cross-selling to satisfied customers should be done in a strategic manner. Keep track of your top-performing and bottom-performing accounts, respectively. Identify the members of your team who perform the best

A good business process management platform, in other words, can be thought of as a data goldmine that can be used to inform decision-making about operational efficiency.

As a result, business process management software is particularly valuable for operations managers, managing partners, and business owners who are in charge of making decisions.

When is the best time to invest in PSA software?

Consolidation and integration may not appear to be required if you’re just utilizing three or four platforms to operate your firm, which is a frequent opinion among small and medium-sized enterprises. As your firm expands, though, you’ll certainly take on larger and more sophisticated projects, and you’ll likely need to increase the capabilities of your technology stack in order to stay pace. At that point, it’s tempting to keep adding point solutions one after another (especially if your team members are very comfortable with your existing platforms).

Investing in professional services automation (PSA) software early on may help you integrate your technology stack, manage growth, and prevent costly inefficiencies at scale.

How to choose the best PSA software for your business

When shopping for professional services automation software, there are five primary factors to consider: pricing, features, connectors, scalability, and simplicity of use.


There is a plethora of free public service announcement software accessible online, and some of them are excellent (especially for smaller companies). Depending on how many people you need to add or if you want access to more sophisticated services, you may need to consider paying for the service.


Consider the tools that would be most beneficial to your company’s operations. Take a look at the important features we highlighted for project management, time tracking, and invoicing, and make your own list of must-haves based on your preferences. The automated and self-driving elements should be given special consideration, since they are the key to increasing efficiency.


A platform that connects effortlessly with your existing technology will be your best option unless you’re ready to start from scratch (and, ideally, technology you might need in the future). Using strong PSA software integrations, you won’t have to make any major changes to your existing operations.


Changing platforms on a regular basis is both expensive and time-consuming, and it slows development. Do not simply consider the software you require today; also consider where your firm will be in one year (and in five years). Is there room in the program in question for the addition of more users or features? The best customer relationship management (CRM) software will grow with your firm and assist you in scaling.

Ease of use

Bells and whistles are meaningless unless and until your team makes use of them. Take into consideration how quickly and easily your employees will be able to adapt to the new platform, as well as how much training will be necessary. Integrations with your existing platforms and procedures are also critical in this case – you want to get the most value out of your resources with the least amount of work.


Even if your team employs many signals, they will be ineffective. Take into consideration how quickly and easily your employees will be able to adapt to the new platform, as well as how much training will be needed.

Integrations with your existing platforms and procedures are also critical in this case – you want to get the most value out of your resources with the least amount of work possible.

PSOhub: PSA software with CRM integrations

Are you looking for software to help you automate your service business? PSOhub has built-in integrations with HubSpot, Salesforce, and Microsoft Dynamics 365, among others!

Try PSOHub. No strings attached.

To create a free account, simply provide your email address.

What is Professional Services Automation (PSA) Software?

When you use a PSA system, you can ensure a smooth handoff from sale to delivery—you can simply convert winning possibilities into chargeable projects, balance real-time resource demand against available capacity, estimate future capacity supply and demand, among other things. In other words, PSA makes you complete by bridging the gap in your existing technology stack and allowing you to leverage your existing investment in customer experience to its full potential.

Get full business transparency

Make your professional services staff more predictable by implementing these strategies. You may improve the transparency, data-driven decision-making, and forecasting of your organization by providing your front and back office staff with a single and continuous perspective across the client lifecycle. Due to the fact that PSA integrates both revenue and cost signals into a single delivery-driven system, it allows decisions to be made based on the future effect and profitability of services, hence linking actions at the individual and team level with broader company goals.

Support new servicessubscriptions models

Customers today want your business models to be able to satisfy their demands on a consistent basis. The correct professional services automation (PSA) system, which is designed for services and customer-centric businesses, may help you more quickly adjust your offerings to accommodate time and materials (T M), subscription-based contracts, fixed-fee services, or a combination of business models.

What is Professional Services Automation Software (PSA)?

When it comes to running an IT operation as a successful support department, a PSA should be able to do all of the team management duties that are required. The following are management responsibilities that PSA should aid with:

  • Work is assigned to team members, and progress on tasks is tracked until they are completed. Keeping track of the resources that have been used on a project
  • Forecasting in order to identify areas where additional resources may be required
  • Reporting on the accomplishment of service level agreements’ objectives
  • The auditing of data integrity requirements in order to show compliance

Work is assigned to team members, and progress on tasks is tracked until they are finished. A project’s resource usage is recorded in a log. Forecasting in order to determine where more resources may be required. Service level agreements require goal achievement reporting. Data integrity requirements are being audited to ensure compliance.

Software Needs of an MSP

A managed service provider (MSP) requires two types of software in order to function:

  • An MSP requires two types of software in order to function properly:

An RMM platform assists the IT staff in its day-to-day activities of maintaining client networks and desktop computers. This is a collection of tools that allows technicians to interact with a unified console. It is also recommended that the RMM automate normal actions that must be performed in order to maintain a remote IT system working without interruption. These characteristics are as follows:

  • Monitoring of the equipment
  • Warnings when the state of the equipment is approaching performance limits
  • The ability to receive notifications of unexpected hardware and software failures, patch management, software licensing management, resource capacity evaluations, and remote control capabilities Procedures for onboarding new employees

As a result, RMM is concerned with all of the daily activities that an MSP’s technical staff is required to complete in order to satisfy the commitments outlined in a service agreement with a customer. The PSA assists the management of a managed services provider in ensuring that all staff are performing to expectations in their support of clients. Apart from ensuring that all activities specified in a customer’s contract are carried out effectively, team leaders must also guarantee that all technicians are kept fully engaged in order for the MSP to operate profitably in order to maintain its client base.

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Pre-sales specialists use the PSA’s analysis tools to inform their bids for work, and client liaison managers use the system to keep track of performance and identify areas for new business opportunities with existing clients.

Accounting departments must be able to record and demonstrate resource utilization in order to bill customers.

Clearly, managed service providers (MSPs) require both an RMM platform and a PSA system.

Software services fall into one of three categories: application development, system administration, and system administration support. For any MSP looking for software solutions, a service that provides a bundle that includes both RMM and PSA features is the best option.

Key Modules in the Perfect PSA

A complete public service announcement should have the following elements:

  • Support interface and automated ticketing
  • Customer relationship management
  • Helpdesk interface
  • Knowledge base, which may be accessed by users as well as technicians for help
  • Work tracking, contract management, time sheets, task completion, and automatic billing are some of the features available. Integration of accounting systems
  • Functions related to reporting and auditing

By combining all of these operations in a single setting, a closed loop system is created in which no work goes unnoticed. This is a critical need for managed service providers since actions that are not documented cannot be paid.

Customer Relationship Management

When you use a customer relationship management (CRM) solution, your personnel will be able to learn more about your clients and their employees that contact your business. This primary activity database keeps track of everything.

  • Contact information
  • Interactions and the outcomes of those interactions Service level agreements, devices, tickets, access passwords, and internal notes are all included.

Contact information; interactions and the outcomes of those interactions; and Service level agreements, devices, tickets, access passwords, and internal comments are all examples of what is included.

Helpdesk Interface and Automatic Ticketing

Despite the fact that many customers are accustomed to calling the Help Desk for assistance difficulties, approaching the Help Desk using a Web-based portal can result in problems being resolved more quickly. By offering self-service solution assistance, the portal connects all ways of issue resolution and has the potential to decrease the need for costly technician interaction. An interactive problem definition feature such as a chat room can be incorporated into the UI. If the MSP is engaged in charged activity, a ticket can be raised by the operator to document this fact.

All such queries should be sent through the PSA system, which should then immediately create a ticket for the problem.

Knowledge Base Both for User Access and Technician Guidance

The knowledge and experience of your experienced experts is a great asset. By documenting the knowledge of those essential specialists, you will be able to pass on their expertise to less qualified team members in the future. This is a significant cost-saving measure since it allows less-qualified and less costly employees to provide clients with an apparent high level of expertise while saving money. Having a knowledge base is a critical tool for any managed service provider since it gives all personnel who are expected to have interaction with clients with training, checklists, procedural verification, and technical information in one place.

Support access should be structured in such a way that all users must first consult the knowledge base before seeking human assistance.

Task Tracking

A task tracker serves two distinct user communities: the end user who reported the problem and the supervisors of technical teams who are assigned to the problem. Some issues require a significant amount of time to resolve. Reporting users who have access to an online portal that provides ticket statuses may be comfortable that their complaint has not gone unnoticed by the organization. By requiring users to check in with the Help Desk on the progress of their solution, this lessens the desire to do so.

MSPs must guarantee that solutions are delivered on time in order to keep expenses under control.

In order to determine what is deemed to be a standard ticket solution period, managers can specify the boundaries of that time and leave the system to record each typically finished ticket.

Ticket monitoring can also save time and money by enabling ticket merging when issues that are closely linked or recur often are discovered.

Contract management

All facilities inside the PSA should automatically feed data through to a contracts management module. Customers’ happiness data obtained through the ticketing system is valuable information for managers who are in charge of monitoring client satisfaction levels. The information gathered in the contract management module assists managers in ensuring that the MSP is meeting its responsibilities and keeping clients satisfied with its services. This tool will also identify instances in which contracts do not accurately represent the service requirements of the client, allowing the customer manager to propose modifying the service levels that were agreed upon in the first contract to meet those requirements.

Time Sheets, Task Completion, and Automated Billing

The automatic data flows from a PSA feed all the way through to the invoicing process. In order to bill customers, timesheets, ticket metrics, and service job completion statistics are all required. Because of this automation, there is no possibility of billable operations being neglected and hence not included on an invoice. It also removes the need for accounts department workers to track down late reports, and it reduces the amount of time that operatives must devote to paperwork, allowing them to devote their time to other productive duties.

By making customer accountants fully aware of all of the recourse options available to his company’s employees through the MSP during the billing period, this helps to avoid invoice-related conflicts.

Accounting Integration

PSAs are used to assist in client-facing tasks. Because they are not comprehensive enterprise resource planning systems, managed service providers (MSPs) still require separate back-office software to handle accounting and business capacity planning. A PSA that can feed data into your accounting software closes the information loop and reduces the likelihood of crucial financial records being lost due to human mistake or error in judgment. This automated data interchange is not only necessary to avoid duties from being forgotten on invoices, but it is also beneficial.

Reporting and Auditing Functions

SOX isn’t the only reporting requirement that managed service providers (MSPs) must adhere to. Businesses that handle financial information from customers are required to comply with PCI-DSS. Anyone involved in the delivery of services to the general public will be required to show compliance with those requirements if they wish to be considered for new business. In a similar vein, HIPAA compliance is required in order to earn business from firms in the health-care industry. If you want to do business in Europe, you must demonstrate that your business procedures are GDPR compliant in order to be successful.

An automated data access tracking and activity auditing feature should be included with your PSA. Platforms that include reporting and auditing capabilities take care of all of your compliance reporting responsibilities.

Client Management Tasks for MSPs

The longer a managed service provider (MSP) has been in business, the more operational data it will have accumulated. That data is a treasure for business profitability research, and it assists MSPs in more correctly pricing bids for services they are bidding on. The PSA, when used in conjunction with an RMM, will significantly reduce expenses, allowing the MSP to lower rates and win more contracts. As a side benefit, having information about operational expenses and turnover saved in a PSA can assist you in avoiding the mistake of underpricing bids and putting the company’s future in peril.

In the event that you obtain clients, the PSA will assist your customer relations manager in keeping the client satisfied and in reviewing contract conditions on a regular basis.

Having access to all of the information offered by a PSA allows you to better manage client expectations and keep consumers delighted.

User Support Facilities

You will save money if your PSA is able to encourage and support self-service activities among its customers and users. As a result, the number of support calls is reduced, and expenditures are reduced as well. Problems that reach the Help Desk should be handled using a flexible ticketing system that includes options for job sharing, ticket forwardeding, and ticket merging, among other things. These tools will help you to lessen your reliance on specialized resources. All requests will be routed to script-guided first line support operators who will deal with the most frequent issues that arise.

Team Management Tasks

When used properly, a PSA should allow for the automatic allocation of tasks, the monitoring of technician performance, and cooperation. Performance Standards and Agreements (PSAs) contain performance restrictions, late alarms, and the ability to interfere manually in task routing in unusual circumstances. These facilities lessen the amount of time that your team leaders have to spend on identifying and implementing solutions. The use of a flexible, Cloud-based PSA and RMM solution eliminates the need to hire and train a team of software and hardware technicians.

The ability to add seats on demand is made possible via a subscription-based RMM and PSA platform.

Standards Compliance

A PSA that does not include reporting and auditing capabilities is not worth the cost.

In today’s market, managed service providers (MSPs) cannot compete for business unless they have data protection and financial propriety checks in place. GDPR, SOX, HIPAA, and PCI-DSS are just a handful of the numerous business standards that every managed service provider (MSP) must adhere to.

Atera’s All-In-One Solution

Atera provides all of the professional services administration (PSA) operations required to manage an MSP or a support center/IT department. By including broad RMM capabilities, Atera is a comprehensive solution that responds particularly well to the demands of managed service providers. Because the Atera platform is a Cloud-based service, you won’t have to worry about installing and maintaining software on your own premises. You don’t even need servers or a physical location to use the service; technicians may operate from their homes and the service can be accessible via mobile apps.

Thus, start-ups and small enterprises may take use of all of the utilities included in the bundle at the same per-user cost as major corporations.

The ability to add user accounts and lower the number of seats that you subscribe to at any time makes it easier to expand to accommodate new clients while also scaling back when service contracts expire or are terminated.

What is PSA Software? The Ultimate Guide

PSA software combines the functions of time tracking, project management, resource management, invoice processing, and business analytics that are often found in different systems into a single service automation platform. Professional services automation (PSA) solutions assist professional services organizations in improving business outcomes and project performance by bringing together these capabilities into a single application. Consequently, everyone in the company has a consistent, accurate, and up-to-date perspective of the health of the organization, from individual projects to whole business units.

Professional Services Automation software is referred to by a variety of other titles, some of which are official and others of which are informal, including the following:

  • Various terms used to refer to the same thing: service automation platform, service automation system, professional service automation, or enterprise service automation
  • Service Operations Automation
  • Project Portfolio Management for Professional Services (PPM for PS)
  • And Services Resource Planning (SRP). Professional Service Automation (without the “s”)
  • Project-Based Enterprise Resource Planning (ERP Software)
  • Project Service Automation
  • Project Management Systems for Services Firms
  • Professional Services Management Software
  • Work Management Software
  • Project-Based Enterprise Resource The list continues on and on.

Professional Services Automation software, by whatever name you choose to call it, is the central operating system for professional services resource planning, project management, and time and cost management. Professional services organizations can benefit from PSA software since it allows them to unify project tracking software, resource management tools, project accounting solutions, and time tracking technology into a single platform. Let’s get started and look at things to consider when using a professional services automation (PSA) technology to optimize business operations and service delivery.

WHAT is PSA Software in the First Place?

As defined by Dave Hofferberth in the Professional Services Automation End User Survey conducted by SPI Research, professional services automation software is “an integrated suite of applications used to increase operational visibility and improve process efficiency in project- and services-driven organizations.” If I had to elaborate on that concept, I would say that a professional services automation tool is the fundamental operating system of a services organization.

It is often installed between an organization’s customer relationship management system (such as Salesforce) and their enterprise resource planning system (ERP) (such as SAP Financials).

It is often located between an organization’s customer relationship management system and their enterprise resource planning system.” In the professional services business, Service Performance Insight (SPI Research) is the top research organization that focuses solely on the industry’s performance.

Dave Hofferberth, the Managing Director of SPI Research, was the person who originated the phrase “Professional Services Automation” back in the 1990s.

The reporter was working at the time for Aberdeen, and he has been covering the mining business ever since. Needless to add, he is well-versed in the field of professional services administration.

How Can PSA Tools Manage Revenue Generation?

Professionnal services organizations benefit from the use of project management systems to manage the primary revenue-generating activities of their project deliveryteams. This might include everything from ensuring efficient usage of available resources to developing accurate revenue forecasting methodologies. As an illustration:

  • Sales teams and solution architects design and scope project stages and project life cycle phases
  • They also provide project management support. Resource managers assign employees to projects based on their resourcing and schedule requirements. Project managers keep track of the amount of time and money spent on each project and ensure that consultant invoicing charges the client only for the services that were actually provided. Those projects are closely monitored by delivery managers to ensure that they are completed successfully and within budget. Accounting and finance teams make certain that revenue is recognized at the proper time, and that it is neither too early nor too late. Project management analytics are used to create high-level dashboards that executives can use to monitor anything from portfolio health, usage patterns, and recruiting requirements to overall revenue and profitability estimates.
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What Are the Components of PSA Tools?

Services Provided by the Best Professionals Automation solutions are comprised of a collection of features that may be employed alone or, more ideally, in conjunction with one another. These are some of the most common:

  • The ability to manage everything from time and cost recording through client billing
  • Project accounting features
  • Resource scheduling is a feature meant to assist in the management of resources within an organization. Project management elements that assist in determining what work needs to be completed and when it needs to be completed in order to maintain projects on schedule and within budget
  • To offer the company with insight into all of the firm’s delivery activities from a single source of truth, dashboards and reports are being developed.

Improve the efficiency of your operations by utilizing a high-performing professional services management application. Consider the possibility of replacing that linked spider web of spreadsheets or that unwieldy portfolio of segregated point solution programs that many enterprises still rely on to operate their operations with an integrated software solution that improves bottom-line performance.

WHY Would You Want to Implement Professional Services Software?

The average cost of implementing and operating a PSA system for five years was $183 thousand dollars. Over the course of those five years, the average increase in bottom-line profitability was $23 million. The percentage of gains attributed to only the top three categories (improved billable utilization, improved project profit, and successful project delivery) was 96 percent.

Fast Deployment; Low Implementation Cost

Apart from that, contemporary professional services management solutions are rather affordable to adopt. SaaS-based solutions, in particular, are meant to be launched without the need for any additional infrastructure, such as servers, networks, backup systems, or related IT expenditure, in order for the product to be successful. Also common among them is the fact that they are easily adjustable, can be swiftly integrated with other commercial or legacy systems, and can be quickly taught by end users.

According to the most recent PSA end user study, a breakeven period of less than a year and a five-year payback of 125 times the initial investment and ongoing operating costs may be achieved.

WHO is a PSA Tool Meant to Help?

Professional Services Automation (PSA) software was traditionally geared at, you guessed it, professional services organizations. Management consulting businesses, technology implementation companies, digital marketing companies, and other service organizations are frequently included in this category. The common thread that runs across all of these businesses is that their principal business model is the management of client projects and the sale of high-value, knowledge-based services to its customers.

People-Centric BillableProject-Based Organization Is this what you’d expect from your company? A professional services automation solution may be just what you’re searching for in this case.

Internal IT Organizations

The finest PSA software is now highly flexible to the point where many internal, non-billable, IT businesses have embraced it as their primary delivery mechanism for their services. In order to better accommodate their recurring revenue business models, several managed services organizations have adopted more flexible PSA solutions. Companies focused on product sales and software licensing have even taken use of the non-labor-centric features of their PSA systems’ feature sets to bill for and recognize revenue on product sales and software licenses.

Check out some of the many sorts of consumers and industries that professional PSA platforms service.

WHEN Should You Implement a PSA Solution?

According to Dave Hofferberth, author of SPI Research’s Professional Services Benchmark Survey, by the time a services company has 20 people, it should have begun thinking about using a PSA tool. Most firms with whom I’ve spoken believe that a customer relationship management system (CRM) is the first or second significant application they should consider deploying, especially if they want to develop fast. A client that has been with us since the beginning deployed Projector when they were a small company with only eight employees.

Implement early in order to enable expansion; normally, by the time you have 20 people, you should be up and running.

Consider your vendor relationship as an ongoing collaboration rather than a one-time event rather than a one-time event.

Advice: Find Business Partners, Not Software Vendors

Implementing a full, integrated PSA system may seem intimidating at first, but the best options will allow you to deploy their solution in small, manageable pieces over time. Check out our fast guide to choose professional services software for your company the proper way. Best-in-class PSA software solution providers offer professional services teams that can assist you in developing an intelligent phasing strategy and guiding you through the process of putting that plan into practice. Check out the tale of Jim Hennessy, the CEO of e4 Services, in this case study on a healthcare consulting business for an excellent insight on how to properly manage a phased PSA installation.

Rather, it is a long-term collaboration that entails continuing education, assessment, and growth on the part of all parties.

Your business will change, and your requirements will alter as well. Make certain that your partner (and the product they generate) is able to do more than simply keep up with the times—they should be able to support and even assist drive that shift.

WHERE Should Your PSA System Be Hosted and Your Data Stored?

Cloud-based Hosting on a separate server Self-Hosted Eighty percent of consumers chose solutions that were housed centrally and delivered through the cloud. However, if flexibility is vital to you, you should investigate your options. Although cloud-based solutions are favoured by the majority of users, this does not always imply that they are ideal for your needs. Organizations may have particular requirements in terms of data privacy or upgrading control requirements that are more critical than others.

As an alternative, they may insist on everything being hosted fully on their own servers in order to precisely restrict access.

Furthermore, they will give the flexibility of segregated or self-hosted ways to their customers as well.

This degree of adaptability may prove useful in the future.

Determine the Ideal PSA Solution for Your Organization

Now that we’ve covered the five Ws (what, why, who, when, and where), we can go on to the H (how), which may be a quite complex conversation. It all begins with a clear knowledge of what you hope to accomplish by establishing a PSA application. Hopefully, the explanation above has assisted in framing the problem. Making a prioritized list of goals and devising a phasing plan is an excellent next step, assuming you are not interested in taking on everything at once (as few businesses are). The following are some questions to consider before going into specific items that can aid in the framing of your decision-making process:

  • Do you wish to create your own product or put a commercial product into production? Choose between a hosted application delivered via SaaS and an on-premises application delivered via licensed software. When it comes to best of breed products vs suite/platform-based solutions, what are the benefits to your organization?

Leverage Independent Resources

According to SPI Research, the return on investment for installing the typical PSA tool was 125 times more than the initial cost. The percentage of gains attributed to only the top three categories (improved billable utilization, improved project profit, and successful project delivery) was 96 percent. The performance of Projector in this study was anything from average—firms that used Projector had the greatest utilization, as well as the best project margins and successful project delivery rates, among the top in the industry.

Most of the time, there is no software to install, no servers to start up, and no contracts to sign.

Find Software That Will Improve Bottom-Line Performance

Finally, there is one more point I’d want to make regarding choosing a PSA vendor: do your research. The goal of a professional services automation (PSA) software system is to improve the bottom-line performance of your professional services company. Check to see if the vendor is able to illustrate how their product and services, in particular, may benefit your company.

In a minute, let me bring us back to that astonishing number of a 125-fold return on investment discovered by SPI Research in their most recent study of PSA end users: The top three categories accounted for 96 percent of the return, with the remaining 4 percent attributed to other factors.

  1. Increases in billable usage
  2. Increased project margins
  3. And successful project completion

Take a peek at our professional services performance scorecard if you’re interested in seeing how your firm’s performance indicators compare to those of the industry as a whole. It provides an unbiased view of the top eight key performance parameters that experts predict PSA systems to improve, as well as the amount of improvement stated by respondents to the SPI Benchmark Survey. It also allows you to draw in your own stats to evaluate how you compare to your competitors. And, no, we do not keep any of your stats, so your information remains private.

Summarizing Professional Services Automation

You should have a better understanding of PSA software after going through this exercise in defining the five Ws (and the H) of Professional Services Automation. With any luck, you now have a better understanding of who may benefit from these apps and how you would go about selecting and executing an appropriate solution. If you’re interested in learning more about professional services automation (PSA) software for service businesses, we have produced an eBook titled Professional Services Automation: A Quick Primer.

You’ll also get information on the considerations you’ll need to make when picking a PSA tool, as well as market developments in the PSA industry, among other things.

Speak with a product expert to learn more about pSA software

Professional Services Automation (PSA) is a word that refers to software that is aimed to help individuals and organizations in the professional services industry deal with the turmoil that they are experiencing. Starting a new professional service may be an exciting and entertaining experience, but it can also be a little terrifying, and it can be really, extremely difficult! Professional Services Automation Software (also known as a PSA) has traditionally been considered a member of an elite club reserved for large corporations wanting to spend large sums of money on enterprise resource planning (ERP) systems (enterprise resource planners).

In order to manage requests, a helpdesk is used, a project manager is used to attempt to track what is happening, a time tracking solution is used to minimize the leaky billable hours, and so on and so forth until the young companies were spending more time managing their solutions than growing their businesses.

Professional Services Automation (PSA) is one example of this.

They are particularly useful in organizations whose primary outputs are not widgets or applications, but rather their employees’ time.

Let’s get clinical

According to the findings of the 2007 PSA-End User Survey conducted by SPI Research, “Professional Services Automation (PSA) is the underlying business process architecture that provides an organized and standardized approach to the services delivery lifecycle.” Owners may evaluate every component of their business processes and perhaps enhance or remove the method in which employees operate as a result of using a business process automation system.

According to the findings of this survey, a PSA software may quickly pay for itself within one year, while also dramatically enhancing profits.”

That’s a load, but here is the skinny

The majority of commonly used PSA software solutions contain certain basic tasks that assist in the management of the majority of an organization’s day-to-day activities. This covers project management and documentation, time tracking, invoicing and reporting, labor usage, and customer relationship management, to name a few areas of expertise.

The magical world wide web

The most recent generation of PSA systems is web-based and incorporates APIs. Basically, this is simply a snazzy way of expressing that they work well with other web-based apps. Often, PSAs will link with accounting solutions such as QuickBooks Online, Customer Relationship Management (CRM) systems such as Zoho, or marketplaces such as Google to assist small businesses in pushing and pulling critical data, as well as improving the general efficiency of their operations. This will allow the organization to better manage client projects, record missed billable time, charge clients more quickly, and decrease the unpleasant issue of income loss, all of which will benefit the company.


Your organization will be up crap creek without a paddle if you do not measure your critical performance indicators. PSA software packages enable businesses to report on the metrics that are important to them in order to gain a better understanding of their operations. Without knowing where the holes are, it is impossible to close them up. Business expansion leads to a growth in the size and complexity of their initiatives, which is common practice. A well-designed project management system (PSA) gives visibility into mid-project profitability and the capacity to grow with the needs of the client.

Know your limits

In the absence of prior swimming instruction, you will not be able to leap into the deep end. PSAs provide services to companies of various sizes. There are significant industry players, such as Connectwise, that service enterprises and large businesses, and there are smaller industry players, such as SherpaDesk, who serve small to medium-sized firms. Find the system that is the perfect fit for you, just like Goldilocks. Due to the fact that they are especially created to optimize all of the essential components necessary to run your business, the features and functionality of each PSA tool will differ.

Selecting a PSA solution is a sensitive procedure that necessitates careful consideration of several factors of both your company and the solution.

The following are characteristics that are often found in PSA software; however, as previously noted, these will vary from tool to tool depending on the size of the firm for which it is designed.

  • Performance analysis, operations, resource management, project management, revenuecost accounting, timesheet management, expense reporting, strategic sourcing, request and problem tracking are all topics covered.

That’s the lowdown on Professional Services Automation, to summarize it briefly.

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