BigTime Software Expands Its Offerings with WorkRails Acquisition
BigTime Software, a leading provider of project management and invoicing solutions for professional services, has successfully acquired WorkRails, a notable player known for its advanced Configure, Price, Quote (CPQ) and workflow automation platform. This acquisition marks a significant milestone in BigTime's journey towards providing comprehensive solutions tailored to the needs of professional services businesses.
This strategic move reinforces BigTime’s commitment to enhancing operational efficiency and driving profitability for its clients. By integrating WorkRails’ innovative CPQ technology into BigTime's platform, the company seeks to empower professional services firms with tools that simplify project planning and resource management while optimizing financial forecasting and sales processes.
A Seamless Integration of Technologies
Enhancing Operational Efficiency
The integration of WorkRails’ capabilities with BigTime's robust platform delivers a unique advantage for its customers. By seamlessly linking sales quoting, resource allocation, and payment processes, BigTime aims to provide professional services businesses with a holistic solution to manage the complexities of project lifecycle management.
Key Features of the Combined Offering
Both companies are excited about the potential for improved workflows and broader functionalities that this acquisition brings. Some of the primary benefits include:
- Streamlined Sales Processes: The inclusion of WorkRails' CPQ functionalities will significantly reduce the time required to move from sales proposal to project initiation.
- Enhanced Workflow Automation: Automation tools will reduce manual entry, ensuring consistent operations and minimizing the risk of errors.
- Improved Financial and Resource Planning: Integrating CPQ with project management provides organizations with greater visibility into resources, timelines, and margins, allowing for effective project execution.
- Boosted Profitability: The combined capabilities will optimize project efficiencies, ensuring effective cost management and profitable operations for clients.
Statements from Leadership
Brian Saunders, Founder and CEO of BigTime Software, shared his optimism about the acquisition, stating, "The addition of WorkRails' technology aligns perfectly with our vision of providing our clients with the tools they need to navigate complex project lifecycles. We are thrilled to merge our teams and enhance our offerings."
Meanwhile, Steven Schneider, CEO of WorkRails, expressed enthusiasm about joining forces with BigTime. He said, "This partnership opens up exciting opportunities to serve a broader range of professional services firms with our cutting-edge solutions. Together, we will empower clients to excel faster in their market endeavors."
A Focus on Growth and Innovation
With this acquisition, BigTime continues its focus on innovation. This follows a substantial growth investment of $100 million, aimed at expanding both its capabilities and reach in the professional services space. The company has also previously acquired ProjectorPSA and Primetric to bolster its service offerings.
As BigTime integrates WorkRails into its operations, it is poised to reinforce its reputation as a leader in providing valuable, scalable solutions tailored for the evolving landscape of professional services.
About BigTime Software
BigTime Software offers robust solutions that assist professional services organizations in managing their time and resources more effectively. By providing innovative project management tools, BigTime supports firms in budgeting, invoicing, and resource tracking, helping thousands of users worldwide optimize their operations. To learn more, visit bigtime.net.
About WorkRails
WorkRails specializes in offering a modern platform for CPQ and workflow automation, aimed at simplifying the complexities faced by professional services firms. Their technology helps teams generate accurate quotes faster and streamline workflows to support business growth.
Contact Information
For inquiries, please contact Tina Hsiao at BigTime Software via phone at +1-312-346-4646.
Frequently Asked Questions
What does the acquisition of WorkRails entail for BigTime Software?
The acquisition allows BigTime to enhance its platform with CPQ and workflow automation tools, leading to improved efficiency for professional services firms.
How will this acquisition benefit professional services organizations?
Organizations will gain access to streamlined sales processes, enhanced automation, and better resource management, ultimately driving profitability.
Who are the leaders of BigTime Software and WorkRails?
Brian Saunders serves as the CEO of BigTime Software, while Steven Schneider leads WorkRails.
What has been BigTime's commitment to innovation?
BigTime continuously invests in its capabilities and expands its services through acquisitions and technology advancements to better serve its clients.
How can firms learn more about BigTime Software's solutions?
Firms are encouraged to visit BigTime Software's official website at bigtime.net for information on their suite of tools and services.
