Professional services sector comprises various occupations wherein services are delivered by trained individuals such as engineers, lawyers, doctors, auditors and architects. These business entities are called as professional services firms (PSF) or professional services organizations (PSO). According to Business Wire, the total market value of global professional services sector in 2014 was $2.1 billion, making up to 2% of global economy. On a broader note, they are termed as business services or B2B solutions.
The recession and changing economic conditions have affected the professional services firms as well. In addition, there are several challenges that are hindering the progress of professional and business services segment. Firstly, providing high quality service is the key for any professional services firm. To deliver high quality service, firms have to recruit talented staff. Finding and keeping top rated professionals is a challenge. Secondly, professional services firms do not have the required infrastructure to meet changing customer expectations. Moreover, they do not have technical expertise to efficiently leverage IT networks. Budget pressures hinder them from incorporated innovative technologies. Lack of organizing strategies is another big challenge. More often, professionals have to work outside the office or at the client’s place. Providing access to resources from any device and location is another big challenge.
The main challenge of professional services firms is finding and retaining the right talent. The cloud efficiently resolves this challenge by enabling you to hire qualified professionals from across the globe. As employees can work from any device and any location, firms get the luxury of hiring and managing global talent.
In a traditional environment, professional firms are entitled to work in their local regions. However, the cloud extends the reach of your firm to infinite areas. In addition to offering local services, you can efficiently cater to international clients as well. For instance, an auditing firm can provide their services to local clients as well as international clients.
The innovative cloud computing technology enables professional services firms to offer client-centric tools. When a customer wants to subscribe to a service, firms can quickly respond to them with an offering that is responsive and customized. While the customer gets customized information, firms can benefit from increased conversion rates. The client retention percentage is higher as well.
Professional services firms do not have large budgets for the IT segment. While installing the hardware infrastructure is expensive, they do not have the technical expertise to manage compute and datacenter resources. The cloud removes these challenges by delivering IT as a service. Moreover, initial CapEx is reduced and operational expenses are minimal. Office footprint is reduced while the business efficacy is greatly improved.
The main challenge for professional services firms is to deliver high quality services with low IT budgets. CenterServ offers low-cost computing solutions that are affordable to firms of all sizes. CenterServ offers customized cloud solutions that are tailor-made for your organization which means you can concentrate on your core procedures.
CenterServ is the leading provider of cloud computing solutions for the professional services industry. With thousands of nodes located in 200 countries, your data is always available online 24/7. Backed by several years of rich experience in designing cloud systems that is augmented with the experienced and dedicated staff, CenterServ delivers customized cloud solutions that are reliable and secure. CenterServ is not affiliated or obliged to any product, service or solution which means your organization is entitled for the best available alternative for any specific purpose or need. Most importantly, CenterServ solutions are cost-effective.