Professional service firms contend with wildly fluctuating revenues and variable staffing needs due to the project basis of their work. Controlling costs and wise strategy are the cornerstones of success within this industry.
Professional services is a highly fragmented sector: the 50 largest firms compose less than 20% of revenue industry-wide. The economic downturn has led to decreased corporate demand for professional services, putting a significant strain on this sector. Professional service firms also face liability concerns, uneven workload, and fluctuations in cash flow.
Whether your organization is a medical practice, a law firm, or an architectural / engineering company—the challenges you face are unique. As a professional service provider, we see many of the same challenges. We understand just what it takes to manage a thriving business while providing exceptional client services. We deal firsthand with regulatory issues and other firm-specific realities, and we help your practice manage risk and build sound business models that position you for long-term survival.
Professional service firms with HRSS realize efficient and cost-effective growth when they take advantage of our services: accounting and audits, streamlining internal controls, tax planning, internal controls review, surefooted strategic planning, and improving collection ratios.