Business analytics are fundamental to making data-driven decisions, year-over-year comparisons, and future forecasts – all of which are vital to scaling and sustaining a business. In a country with more than 1.3 million management consulting firms, your consultancy can stand out by providing easy-to-understand reports and constant data collection to help your clients achieve their goals.
coAmplifi offers a full suite of analytics designed to help consultancies track trends related to people, processes, and performance to quickly identify areas for operational improvement.
This blog showcases features specific to coAmplifi that can help elevate your firm’s consulting outcomes – all with a single solution.
Benefits of coAmplifi’s Analytics Tools for Business Consultants
Organizations often engage consultants to develop customized solutions to their business challenges. They’re looking to solve a specific problem and expect strategic decisions tailored to their organization. Using coAmplifi can help speed up the data collection and interpretation process, resulting in the following benefits:
Predict the Outcomes of Business Decisions
Advanced data analytics take the guesswork out of determining which strategies might work best to solve a specific problem. With coAmplifi’s forecasting tools, you can show your client how each decision they make might affect their business.
For example, if a client is looking for guidance on the types of projects they should accept, you can forecast each scenario based on the availability of your client’s resources and profitability models. This can help them decide whether a project might be a good fit for their current business model or enable them to allocate their resources in a way that would support it.
Reduce Staffing Costs
coAmplifi can help match the right personnel with the right project based on their job description, role, and availability. This can help your client save on staffing costs by ensuring projects are staffed in a way that maximizes profitability.
The software’s resource allocation tools pull data from project management dashboards and individual calendars to determine each employee’s capacity. Maximizing your client’s resource utilization can also free up space to take on additional projects, which can help drive increased revenue.
Spot Burnout Before Employees Leave
If your client is facing a people management problem, coAmplifi’s people analytics tools can help reduce turnover by calculating employee retention rates and quantifying work-life balance.
For example, a full-time employee should spend about 21.8% of their year working. If an employee is regularly working above this benchmark, they may be at a higher risk for burnout. You can help clients keep their best talent by helping them stay on top of these metrics to catch workload problems before it’s too late. This can also lead to better staffing decisions.
Quantify Productivity
A unique feature of coAmplifi is its Resource Productivity Index (RPI), which assigns a numerical value to productivity for team members based on the time they spend on tasks. Additionally, coAmplifi also comes with tools to calculate average meeting times. This data can be used to identify exactly where time is being spent and lost to help your firm generate solution-focused recommendations.
Continuously Track, Measure, and Report
coAmplifi collects data on an ongoing basis, meaning each day brings additional insights that can be used to guide business growth. Because this process is continuous, it’s also easy for consultants to show proof that their strategies are working. This can save time on your firm’s end by being able to automatically generate reports for client presentations. This data is always accessible and can be pulled at any time.
Elevate Your Consulting Outcomes With coAmplifi
Access to company-specific data points that demonstrate how a client is operating presents a huge advantage when it comes to consulting. Armed with this data, your firm will be able to make recommendations with confidence, knowing they’re based on current and historical evidence. coAmplifi’s data visualization tools can also aid you in explaining your reasoning to clients in a way that’s clear and organized.
Bring more value to your consulting clients by using the right analytics tools. Schedule your coAmplifi demo now!
