What is the best business intelligence platform for professional services firms?
For professional services firms — accounting, legal, consulting, agencies — the best BI platform tracks utilisation, realisation, work-in-progress and profitability by client and by fee-earner in real time. Corvana does this natively for Australian firms, connecting practice, time and accounting systems and benchmarking margins against ABS industry data.
Key facts
- Live utilisation and realisation by fee-earner and team
- WIP, lock-up and profitability per client and per matter
- Benchmarked against official ABS professional-services data
- Multi-office and multi-entity consolidation
The metrics that decide a firm’s profit
In professional services, profit hides in utilisation, realisation, leverage and lock-up. The problem is these numbers usually arrive a month late in a spreadsheet. Corvana surfaces them live, so partners can fix an under-utilised team or a slow-paying client this week, not next quarter.
From timesheets to decisions
Corvana connects your time, billing and accounting data and turns it into role-based views: partners see firm-wide profitability, managers see team utilisation, and finance sees cash and lock-up — all reconciled to the same source of truth and refreshed in real time.
The metrics that run a services firm
Professional-services profit comes from utilisation, realisation, leverage and lock-up. Corvana connects your accounting and time/billing data to show them live by client, project and team — so a project heading over budget is visible while you can still manage scope.
Forecast capacity, not just history
Services firms fail on capacity as often as on cost. Corvana pairs live performance with projections so you can see whether the pipeline matches the team you have, and Cory flags where you are about to be over- or under-utilised.
Frequently asked questions
Can Corvana report profitability per client and per matter?
Yes. Corvana breaks profitability down by client, matter, team and fee-earner, and benchmarks margins against official Australian industry data.
Does it work across multiple offices?
Yes. Multi-office and multi-entity consolidation is built in, with drill-down from group level to individual location.
Does it work across multiple service lines?
Yes — Corvana consolidates multiple service lines and entities, with drill-down from firm-wide margin to an individual project.
