5 Challenges to Solve by Aligning Finance and Services

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Finding profitable new revenue streams is a primary objective of most professional services leaders. The challenges are many, and the results are mixed—but one industry that’s thriving with opportunity is Services. And with good reason: Service-based companies often have low overhead and equipment costs and it usually doesn’t take much of an upfront investment to get started. But to run a profitable practice, you need to accurately track all the financial components of a project: budgets, estimates, bookings, and billing—and everything in between. Things like manual processes and poor visibility may not seem like major concerns, but they’re probably keeping you from optimizing your business... which means you’re leaving money on the table.