Posts by Ronn Breaux
The Evolution of Professional Services in 2024 and Beyond
The professional services industry is poised for significant growth in the coming years. As per industry analysts, the global professional services market will expand at a CAGR of over 7% from 2023 to 2030, driven by factors like increasing adoption of digital technologies and rising demand for specialized consulting services across industries. In line with…
Read MoreThe Hidden Revenue Streams: How PSA Tools Uncover Profitability Goldmines
In the fast-paced world of professional services, it can be all too easy to lose sight of the core driver of success: profitability. Project teams jump from client to client, expenses flow in various directions, and billing gets complicated. Before you know it, profit has become elusive, buried somewhere in the organization’s financial maze. This…
Read MoreNavigating Project Management Choices: Professional Services Automation vs. Standalone Project Management Tools
In today’s fast-paced business landscape, managing projects, resources, and finances effectively is paramount. As companies grow and their operations become more complex, the need for streamlined processes and efficient resource allocation becomes increasingly apparent. Many businesses, in their quest for operational excellence, often find themselves at a crossroads when evaluating their project management software options.…
Read MoreAddressing 3 Key Challenges with Resource Management in Professional Services
In a professional services organization, resource management refers to allocating, utilizing, and optimizing resources such as people, skills, time, and technology to deliver projects and services effectively. Here are three key challenges faced in resource management and some suggestions for addressing them. Lack of Visibility and Planning One of the significant challenges is the lack…
Read MoreBoosting Productivity in Professional Services: A Step-by-Step Guide for Professional Services Automation
In a world where technology is rapidly reshaping how we work, every Professional Services Organization (PSO) faces the challenge of boosting productivity while ensuring operational efficiency. However, this journey can feel like navigating an intricate labyrinth. The myriad of processes to streamline, resources to optimize, and services to deliver can often seem daunting. It’s like…
Read MoreThe 5 Keys to Maximizing Subcontractor Management Efficiency in OpenAir
Subcontracting is an excellent choice for completing projects with increased flexibility, reduced costs, added expertise, and the ability to maneuver the risks of hiring permanent employees. Subcontractors can help fill staffing and knowledge gaps for a professional service provider. However, working with contractors comes with its own set of challenges and complexities since they are…
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