NextGen Professional Services Reporting

Determine the management reporting potential of your professional services company.

The following contents are covered:

The NextGen Professional Services Reporting Business Analytics examines five dimensions that are importanty for successfully determing the maturity level of your management reporting:

Strategy
Contents
Consumption and implications for action
Institutionalization
Data, information, and technology

NextGen Professional Services Reporting Preview

Get a first impression of the Business Analytics NextGen Professional Services Reporting. This preview contains a number of questions from the full analytics.

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The rapid pace of the ongoing digitalization in knowledge-based services (‘professional services”) and the ever more fast-moving dynamics in competition (e.g. new competitors, business models, and technologies) are posing new challenges for the management of law firms, tax and business consultants, agencies, and auditors.

Quick reactions are a prerequisite for executives if they are to successfully manage their companies or groups of practices, but also individual service offers. The management reporting must therefore enable them to:

- assess the business performance from every angle and at all times;

- use management perspectives that take

- the market environment,

- the business model,

- and changing sales and cost structures into consideration;

- receive dynamic reports with clear recommendations for action;

- unite other colleagues, managers, and executives individually and in way that is tailored to their areas of responsibility in coordinated action.

This analysis of potential will provide you with help in improving your management reporting. It is based on our extensive experience working with professional service firms around the world. Your answers relating to five dimensions draw an individual picture of your current situation. Potential improvements as well as any gaps are highlighted and addressed using our benchmarks.

Use this Business Analytics to determine the maturity of your management reporting and to realize valuable potential with individual recommendations for action.

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Start the Business Analytics preview. It contains an overview of all dimensions of the analysis and offers you a first insight into the question structure at hand with one of many response scales.

1/5 Strategy

Your firm's strategic ambition in relation to Management Reporting explicitly aims to provide best in class reporting.

0 (fully disagree)

10 (fully agree)

2/5 Content

Do you report in any 'other' dimensions/KPIs/levels?

yes

3/5 Consumption & Actions

Our reporting… (multiple answers possible)

… helps us define individual targets and track their achievement.

… triggers tangible actions if KPI/performance targets are not met.

… is used to steer behavior of individuals.

… is clearly tied to roles and responsibilities, such that we can identify who is accoubtable for which KPI.

none of the above

4/5 Institutionalization

Do your support functions (e.g. finance, HR, etc.) provide periodic as well as ad-hoc reporting?

Yes, a lot of reports (e.g. distinct management reporting/s and per support function).

No, one single, integrated report is provided to our management.

Yes, distinct reports are provided, and they often mismatch.

5/5 Data, Information & Tools

To which degree do you leverage external data for your management reporting?

We do not use external data in our reporting.

We manually feed external data into our reporting.

We have a real-time interface that integrates external data in our reporting.

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With this Business Analytics, you can perform an individual maturity level determination in your organization quickly and easily. Your maturity level determination can be carried out together with your colleagues. Get them involved by sharing the link for a consultation within your organization. You will receive a real-time result report as well as first recommendations for actions. Request the Business Analytics here!

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Ad hoc assessment

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Benchmarking

Obtain valuable benchmarking data to evaluate your own position.

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