BigTime Software, a leading provider of time tracking, project management, resource management, invoicing, and payment solutions for professional services businesses, has officially announced the acquisition of WorkRails, a company renowned for its advanced Configure, Price, Quote (CPQ) and workflow automation platform built specifically for professional services organizations.
According to certain reports, the stated acquisition builds upon BigTime’s mission to provide end-to-end solutions that empower professional services firms to streamline operations, optimize workflows, and accelerate growth.
More on the same would reveal how integration of WorkRails’ CPQ functionality with BigTime’s robust platform will offer professional services businesses a unified solution that ranges across project planning, resource management, financial forecasting, and sales automation. Hence, once realized, such a combination will make it possible for customers to enjoy a seamless experience in sales quoting and project initiation, as well as in resource allocation, invoicing, and payment, spelling better efficiency and profitability.
Talk about the given combined solution on a slightly deeper level, we begin from the promise of streamlined sales processes, where WorkRails’ CPQ functionality will ensure that sales teams can configure, price, and quote services accurately so to cut down on the time from proposal to project start. Next up, there is a facility for enhanced workflow automation. This automation across the sales and delivery cycle will minimize manual tasks, and at the same time, help users achieve operational consistency, reduced amount of errors, and a scaled up overall efficiency.
“The addition of WorkRails’ CPQ and workflow automation tools is a natural extension of our platform. As more of our customers require streamlined processes to manage increasingly complex project lifecycles, this acquisition allows us to meet their evolving needs. WorkRails’ scalable, customer-centric solutions, combined with our existing capabilities, will help our clients achieve even greater success,” said Brian Saunders, Founder and CEO of BigTime Software. “We are excited about the possibilities that lie ahead as we integrate our teams and technologies.”
Moving on to the prospect of an improved resource and financial planning, it basically packs together CPQ, project management, and financial forecasting to deliver at the disposal of businesses that clear visibility into project margins, resources, and timeline. The idea behind doing so is to make sure that all projects are delivered on time, and that too, without exceeding the budget.
Rounding up highlights would be the potential for greater profitability. You see, the integration of sales automation with project execution capabilities will maximize operational efficiency to help businesses prevent cost overruns, and therefore, improve their bottom line rather meaningfully.
Among other things we ought to mention how the stated acquisition follows up on BigTime’s $100M growth investment in January 2022 and the acquisitions of ProjectorPSA in 2022, and Primetric in 2023, each piece of effort geared towards helping the company serve mid-market professional services organizations.
“We are thrilled to join BigTime and bring our CPQ and automation solutions to an even wider audience,” said Steven Schneider, CEO of WorkRails. “Together, we’re building a powerful solution that addresses the end-to-end needs of professional services firms—from the first interaction with a client to the final project hand-off. By combining forces, we’re empowering our clients to improve their speed to market and their bottom line. We look forward to achieving great things as part of BigTime.”
Founded in 2002, BigTime’s rise up the ranks is orchestrated by its bid to help customers eliminate guesswork from resource utilization, capacity planning, and project profitability. To do so, the company leverages its award-winning Professional Services Automation software which supports everything from project planning, budgeting, time, and expense tracking to resource management, invoicing, and reporting. BigTime’s excellence across all these functions can be understood once you consider it is currently serving a variety of customers, including accountants, architects, engineers to IT services firms, and consultants.
