Powered To Prosper
Prosper Group’s unique financial service for agencies that will transform your financial reporting from just numbers into real-time operational intelligence to manage your agency better.
Prosper Group is introducing Powered To Prosper - a unique new financial service offering designed specifically for the needs of marketing and communications agencies including public relations, public affairs, digital, advertising and more.
The major benefit for agency owners? You’ll finally have actionable, real-time intelligence you can use to make better decisions about how to run your agency. You will be empowered to confidently and quickly make decisions that are supported by your own data. You will increase efficiency, build profitability and have more time to spend on growing the business.
Powered To Prosper integrates information that currently sits in multiple, disparate financial systems through comprehensive accounting support, insightful financial reporting and timely, digestible information which will streamline, automate and empower your financial team and function.
Seven reasons why new Powered To Prosper will help you manage your agency more effectively.
Here they are:
Access to tools and expert guidance about your agency’s actual performance. No more guessing.
Ability to immediately identify and monitor operating trends (both good and bad).
Conversion of data into actionable intelligence facilitating better and faster decision making.
Transparency into your operations (and providing this more quickly).
Enhancements of revenue forecasts and resulting staffing plans.
Opportunities to gain efficiencies and cost savings in the back office.
Improvements in timely and accurate reporting.
How this will improve your finance and accounting processes.
Powered To Prosper delivers agency-focused solutions including:
Tailored financial management – Created to address the unique challenges which agencies face every day.
Enhanced financial clarity – Delivered through transparent, real-time insights into your firm’s financial health.
Operational efficiency – Streamlined and error-free accounting processing. Will professionalize and automate your back-office processes.
Enterprise-grade tools – ERP-level functionality in a user-friendly online environment.
Cost-effectiveness – Minimal in-house resources required. Significant cost-savings compared to in-house accounting support.
Flexibility – More robust support tailored to agency-specific needs. As an option, you can add quick, easy and seamless integration with our preferred tech stack.
The result is that finance and accounting pain points will be alleviated and headaches removed as you achieve error-free simplicity and experience enterprise-level functionality.
All of this is backed by Prosper Group’s top-tier, CFO-level support.
Real-time reporting… now at your fingertips.
You will have access to insightful and actionable intelligence 24/7 based on literally up-to-the minute information including but not limited to:
Revenue forecasts (for both current contracts and new business projections).
Staff capacity and utilization.
Over/under-service reports for each client.
Staff planning (e.g. - promotions and open positions).
Reminders for client contract renewals.
Each report features a simple, user-friendly dashboard which quickly and easily communicates the most current agency metrics. You’re making critical decisions about your firm’s next steps virtually all the time. Now you can be making those decisions based on the most up-to-date information possible.
As an agency owner, you’ll be saving money too.
In most cases, we estimate that Powered To Prosper’s real-time reporting system can reduce in-house accounting and finance resources by 50-65%.
How to put Powered To Prosper to work at your agency.
All of this is available for a monthly fee based on the agency’s transaction volume. This includes agency revenue and invoicing, volume of expense reports and frequency of out-of-pocket/reimbursable items.
Prosper Group offers a recommended tech stack for plug and play implementation or we can evaluate how to leverage your existing infrastructure.
Why work with Prosper Group?
In one word… EXPERIENCE. We have deep first-hand knowledge of what information is necessary to make the informed decisions required to effectively manage and grow an agency. Our principals and Senior Counselors have owned agencies, served as CFOs, COOs and CEOs (from regional independents to multinationals) and then successfully sold their firms.
After 12 years of managing M&A transactions for IPG’s PR division, Partner David Bosses and his team frequently serve as an outsourced CFO for Prosper Group clients. David is also the developer of Powered To Prosper.
When he was an agency owner, our Managing Partner Alex Halbur sold his firm to Omnicom after a successful earnout. At Prosper Group, he counsels today’s agency owners on strategic differentiation, growth, operating issues, developing talent, achieving premium profitability and more.
Both Alex and David also handle M&A for a diverse group of agencies. During the past five years, they have collectively managed more than 30 transactions including internal sales, selling to another agency and private equity deals.
Please contact either David or Alex at any time to learn more about Powered To Prosper and how you can integrate this unique new system into your agency.
We’re here to help you prosper.
Prosper Group exists to help the owners of independent marketing and communications agencies achieve their ambitions and maximize the value of their life's work.
Our team of former agency leaders and owners focus their deep experience on implementing proven proprietary methodologies across our three practices of agency performance, owner exit planning and M&A transactions in order to drive owner and agency success.
To learn more about us and access our in-depth thinking on a wide range of services, visit our Services page (or just give us a call). Alex Halibur, Alex@prospergroup.net, 310.936.3774 and David Bosses, DBosses@prospergroup.net, 917.543.8839
