Products
Maven is a next-generation suite of management
tools that can complement existing financial systems. Key elements of
the Maven approach include an enterprise-wide business process
architecture, a multi-currency capability, backward and forward-looking
business views, real-time performance metrics, and real-time work-flow
indicators and exceptions. Maven comprises a family of five integrated
products that have been developed to satisfy a range of progressive
management needs:
Aestimo establishing
personal development goals, assessing performance, preparing
performance appraisals, building skills, developing people
Capax scheduling resources, tracking utilization and
availability, matching skills and interests to work requirements,
estimating scope and fees, balancing workloads, managing budgets
Sentio building profiles of skills, knowledge, and
experience; finding people based on what they know, what they have
done, their credentials, and availability; focusing development
Fortuno screening opportunities, managing service delivery,
collecting time and charges, monitoring status and exceptions,
preparing bills, receiving payments, managing currency translations,
tracking client satisfaction, paying vendors, analyzing performance
Nuntius preparing email reminders for work flow status or
exceptions, and personal summaries of business process metrics.
By virtue of
its broad scope and integrated design, Maven aligns information
resources across business processes to provide leaders with insights
about operations and to allow them to focus on improving performance.
Mavens built-in decision support capabilities provide consolidations by
individual, project team, client, practice group, office, or overall
firm.
Professional services firms that are managing their
resources at the practice group level face a host of operational
challenges on a daily basis, including managing across geographies,
developing skills, screening opportunities, improving morale, and
optimizing resource utilization relative to a broader variety of
billable and non-billable activities.
The management systems used at most firms provide only
episodic reviews of operations at week-end or month-end, based on
information about events that have already occurred. To help
differentiate their practices in an increasingly competitive
marketplace, partners must be able continually to monitor factors that
correlate with effective performance while there is time to affect
outcomes and boost performance. Partners must be able to use insights
about pending events to optimize resource utilization, leverage
resources, apply them effectively, and demonstrate superior management
capabilities to their clients.
Maven is designed to bring these important capabilities
to professional services firms. Maven tracks resources that go into
acquiring, staffing, and delivering client services. By doing so, Maven
helps firms understand the resources and efforts that different services
require, which professionals are most effective, and anticipate client
charges. This approach is critical for firms responding to Requests for
Proposal and preparing fixed-price bids. Maven allows forms to track
return-on-investment for marketing and business development, and to gain
insights about client satisfaction. It also helps with professional
development and career management, which can lead to greater
satisfaction and improved client service. |