Imagine if there was a single financial management dashboard that allowed MSPs to track their health — and also compare their health to the overall MSP and solutions provider community. Sound compelling? CoreConnex and Service Leadership Inc. are working on such a dashboard strategy. Here’s the scoop.
First, it’s important to understand the back story: CoreConnex is exiting the PSA (professional services automation) market in order to focus on its financial dashboard for solutions providers and MSPs. It’s a SaaS application called Corelytics — as demonstrated in this video:
What’s Next
Looking ahead, CoreConnex is partnering with Service Leadership Inc., which assists VARs and MSPs with profitability strategies, mergers and acquisitions and other business performance requirements. The CoreConnex-Service Leadership relationship will allow MSPs and VARs to measure their performance against industry benchmarks and baselines. Service Leadership is an expert in those areas, having published Service Leadership Index Reports.
Also of note: CoreConnex’s decision to exit the PSA market opens the door for CoreConnex to integrate its financial dashboard with various PSA and business management software.
Other Options
CoreConnex isn’t the first company to try to give MSPs a dashboard that allows them to measure their progress against the broader industry. Ingram Micro’s Seismic group has been working on a dashboard that allows Seismic MSPs to measure their efforts vs. the overall Seismic community, which includes more than 1,000 MSPs.
Are there other financial dashboard options for MSPs? And do they allow you to measure your progress vs. broader industry averages and indexes? I’m all ears.
Follow MSPmentor via RSS; Facebook; Identi.ca; and Twitter. And sign up for our Enewsletter; Webcasts and Resource Center.
Read More About This Topic
Share This Post
Posted In: Finance | Professional Services Automation (PSA) | Sales
Tags: Autotask | ConnectWise | CoreConnect PSA | CoreConnex | CoreConnex Professional Services Automation | CoreConnex Service Leadership Inc. | Corelytics | Ingram Micro Seismic | Service Leadership Inc.
Interact: Add a Comment | Trackback Link | Permalink
Subscribe: RSS Feed
We’ve test-driven Corelytics and were impressed. It really gives a solid view of a company’s financial performasnce, and makes it easy for our accountant to show us areas of improvement (as well, I’m sure, the same holds true for any consultants we bring on board moving forward).
As nice a product as their PSA was, I think they made the right move shifting their focus to Corelytics and that area. We haven’t seen anything thus far that does what this product does, which is give us a quick health check at a glance, with the ability to drill down to specific details….
Glad to see they’re getting some press…especially from MSPMentor…
Jim Van
Logicomm, Inc.
http://www.logicomm-inc.com
Hey Jim: Thanks for the real-world perspectives.
For new readers of MSPmentor, I just want to point out that we generally don’t test or endorse any particular products.
But the concept of a financial dashboard that integrates with PSA and business management software certainly caught my ear.