Across the globe, professional services firms see enormous opportunities for growth.
But realizing these opportunities is constrained when firms are forced to use multiple legacy systems, which raises integration and processing costs and increases the time required to add new practices, offices, or employees.
Cloud ERP enables professional services firms to compete and grow globally by standardizing and eliminating the manual effort of core financial processes. Through automation and flexibility, cloud ERP frees resources for value-added tasks. Harvard Business Review Analytic Services (HBR-AS) recently studied how professional services firms are driving growth by using standardized, industry-leading processes within cloud ERP solutions.
On September 26, Alex Clemente discussed the HBR-AS research findings, looking at how cloud ERP enables professional services firms to compete globally at scale. He was joined by Hans Kroes of SAP and Kathi Malin of AlixPartners, who offered their perspectives and share insights on how professional services firms are using cloud ERP to drive growth.
They discussed how a common financial platform provided by a cloud ERP:
- Allows professional services firms to make better, faster decisions
- Streamlines intercompany financial processes
- Supports expansion to new geographic markets
- Enables automation, process improvement, efficiency, and scalability
- Delivers valuable real-time information
- Supports entirely new business models
- Eases compliance with sustainability standards
