Professional services organizations (PSOs) want to help their clients’ business run more smoothly, and their own business run more efficiently.
In an industry as competitive as that of professional services organizations (PSOs), receivables must be collected as quickly and efficiently as possible.
To maintain profitability, professional services organizations (PSOs) must be able to procure contractor services quickly and efficiently.
How can professional services organizations (PSOs) best enhance clients’ overall experience, so that customer retention increases, along with profitability?
For professional services organizations (PSOs), it doesn’t really matter whether it’s a gross margin or an operating margin. Both are important.
A recent survey from IDG revealed that average IT spend per employee in professional services organizations is $15,660.
Revenue and profitability for PSOs can rest with how a project is managed from start to finish, a process that is often disjointed and ineffective.
On average, for every $100 that a professional services organization (PSO) bills, the client pays just $76. This is what is known as their realized rate.
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