Templeton Solutions has released PracticePro 365, a cloud-based management system for firms to capture data in a systematic way and manage workflows all in one place. The solution is designed so that firms can manage people, projects and their practice from a single data source.
PracticePro 365 offers tools to analyze, forecast and plan for profitability across all parts of a firm’s business. It provides a consolidated view of profitability and performance.
Templeton Solutions sees the software as advantageous to firms involved in mergers or acquisitions.
“For managing partners and founders, [M&A] represents an opportunity to grow their client base, lure better talent and position themselves for future success,” a statement from the company reads. “However, with growth in consolidation, comes the challenge of integrating legacy technologies that are often incompatible, outdated and stale. Running disparate solutions is not only costly and inefficient, but also prone to limitations.”
According to Templeton, PracticePro 365 has been in development for several years. Features include:
- A projects feature that allows for standardized service types and tasks and monitoring projects and resources in real-time;
- A marketing and sales feature for building contact lists, running campaigns and cross-selling services through a single dashboard;
- The capability for entering time and creating invoices simultaneously to accelerate cash collections;
- Real-time revision of project plans.
"At Templeton Solutions, we believe the most effective way for firms to serve clients better and accelerate growth is by having a holistic view of their business that enables them to identify changes and make smart business decisions in real-time,” said Steve Templeton, founder and CEO of Templeton & Company, LLP. “With PracticePro 365, firms can now analyze data, maximize productivity, minimize waste and identify new business opportunities, all from a single source of truth.”
