Endless Challenges Affecting Your Profitability?
Growing Professional Services firms face numerous challenges that affect their profitability. Skills shortages, high onboarding costs, high turnover, and
higher salaries are all contributing factors.
Clients are also demanding more cost assurance, less risk, and
proven outcomes, putting pressure on traditional hourly billing methods.
As a result, many companies are shifting to fixed price milestone billing, but this makes it even more difficult to determine project profitability using outdated tools and processes.