Impact Assessment: ROI on Firm Management Software

Understanding the Financial Impact of Firm Management Software

Robust firm management software provides real-time visibility into project-related metrics, allowing you to maximize efficiency, improve realization rates, and boost project profit margin. To understan the impact firm management software, and improved operations, can make on your business, please enter some data points below, as they relate to your firm. The inputs you provide will help us to calculate the financial impact that firm management software like BQE CORE could have on your bottom line.

How many total employees do you have at your firm?*

How many billable employees do you have at your firm?*

What is the current utilization rate averaged across your entire team? *

This is commonly in the 60% - 70% range.

What is your effective billing rate per hour, averaged across your entire team?*

This is commonly in the $125-$175 range when you divide net operating revenue by billable hours worked.

Performance Improvement Estimates

Firm management software provides real-time insight into the financial performance of your firm, your staff, your clients, and your projects. Consequently, firms that utilize robust firm management software tend to see improvements in their utilization rates and profit margins. Please estimate how much each will improve (for each input, we've given a range of what other BQE CORE customers commonly experience).

By what percentage do you estimate your utilization rate will increase by using robust firm management software?*

BQE customer experience is commonly between a .5% and 2.5% improvement.

By what percentage do you estimate your profit margin will increase by using robust firm management software? *

BQE customer experience is commonly between a 1% and 10% improvement.

Return On Investment (ROI)

The following figures reflect the financial impact your firm would experience based on the inputs you provided. The results will update in real-time, so feel free to adjust the inputs to see how they impact your output.

Additional billable hours per year, from improved utilization rate:

Annual increase in profit from improved utilization rate:

Annual increase in profit from improved profit margin:

Total annual profit increase:

Summary & Next Steps

Imagine generating an additional {totalAnnual} in profit each year, just by implementing best-in-class firm management software! And the benefits don't end there. BQE CORE customers experience an average of a 14% decrease in days sales outstanding (the time it takes from sending an invoice to getting paid). Firm management software can boost profit and help you get paid faster. That is a meaningful improvement for firms of all types and sizes.

If this sounds like a compelling outcome, we'd love to show you how we've helped thousands of project-based firms increase their profit margine and improve their cashflow via a product demo. Please fill out the form below and a BQE Product Specialist will contact you shortly.

Your Name*

First NameLast Name

Company Name*

Email*

Must be a business email: example@bqe.com

Phone Number*

Please enter a valid phone number.Format: (000) 000-0000.