The Professional Services sector is enormous. These businesses provide critical services to their clients and are “the expert” in the areas and domain they operate in. While there are many larger and megafirms in this space there are also many sole proprietors, small businesses and mid-sized firms, practices, and companies. We serve many Professional Services businesses, and we are a professional services business ourselves! 

Challenges affecting Professional Services companies include rapidly changing technology and workflows. While proprietors and Managing Directors and Partners at Law Firms, Accounting Practices and Financial Planning providers may be experts in their domain, new technologies like AI, ML, automation, RPA may not be in their wheelhouse.  When other entities in the space leverage these tools if firms do not, they are at a disadvantage.  Other challenges come in the form of hiring and retaining employees in their business. It can be hard to find accountants, bookkeepers, paralegals, and virtual assistants who can act as paraplanners in today’s economy.  When other firms outsource to fill these roles entities that do not will find it hard to stay competitive.  Risks and threats can only be avoided when Professional Services companies are ready and able to change and evolve.  We are here to help with that. We count many Professional Services businesses among our clients. 

Fortune 1000 Professional Services companies like the Big Accounting firms have leveraged consulting services, digital transformation firms, and staffing providers for decades. These firms actually started the trend of outsourcing and offshoring. Large multinational Law firm and Financial Advisement concerns also leverage tier 1 consulting and outsourcing firms. Until recently small Professional Service businesses and midsized ones have not embraced outside assistance. That is changing rapidly and many our leveraging Staff Augmentation services.  Many are also tapping into Digital Transformation and leveraging RPA, AI, and ML.  Both are helping them to be more competitive and profitable. 

Valenta has experience with all the technology and innovations needed in today’s evolving Professional Services sector.  We have deep experience with CPA firms, Legal Practices and Financial Planners.  We have Managing Partners located in cities across the US, Canada, the UK, the EU, and Australia.  Many of our partners come from the Professional Services space.  Our Managing Partners work with other onshore consultants, plus offshore consultants, developers, and managers of outsourced staff to deliver the best services to our clients. 

Below are the top challenges faced by today’s Professional Services sector.  Valenta can assist with all of these challenges through a combination of Process Consulting, Digital Transformation and Staff Augmentation :

At Valenta we can aid with today’s challenges and provide services that address Accounting Firms, Legal Practices and Financial Planners needs. We can help firms automate their front end to drive billings growth.  We can also utilize RPA to perform many back office tasks required for Accounting, Financial Planning and Law and decrease margin pressure as a consequence. We can also assist Professional Services companies when it comes to staffing. We can help them retain their existing staff by automating work functions and giving them better analytics to be more productive. We can also help them retain existing employees by providing virtual staff for more repetitive routine work to help them to be more client facing and strategic. We provide new economy and information economy roles like Big Data Specialists, Developers, Cyber Security Engineers, Cloud Engineers, RPA Developers, Data Security Analysts, and more.  Valenta also provides traditional BPO services like accounting, bookkeeping, administration, billing staff, paralegals, paraplanners, digital marketers, IT staff, software administrators and more. 

Valenta can help Professional Services companies in the following ways :