The shape of consulting demand has changed. More projects, smaller budgets, same BD team. AI can help at every stage of the cycle. But not every stage equally, and not in the ways most people think.
Learn how EBITDA multiples work for consulting firms, what the realistic benchmarks are, and the six factors that move your multiple up or down.
In the early stages of your consulting firm’s practice, tracking billable hours with spreadsheets was good enough. Your focus was on delivering high-quality work, and your relationship with your clients operated on implicit trust.
We doubled billable rates at consulting firm Nexient during my tenure as CEO - but it took us 7 years. In hindsight we could have lifted prices so much faster with a Professional Services Automation tool. Instead we had our field team.
Discover how integrating Salesforce with your professional services automation software helps consulting firms streamline delivery, manage resources, track time & expenses, and improve invoicing accuracy.
When competitors compare, accuracy matters. Recently, our friends over at ROLL published a page inviting people to “switch from Projectworks” and implying that Projectworks is little more than a timesheet tracker. We love a bit of competition between professional services tools - but not when fiction replaces fact! So, let’s clear the air and have a little fun while we’re at it 😉👇
Professional Services Automation software enables professional services organizations to effectively manage their consultants and drive profitable project delivery.
For consulting firms, the invoice is more than a receipt, it is the moment revenue becomes cash. The last mile often slips: wrong entity, inconsistent branding, unclear breakdowns, or formatting that stalls in AP. Invoice templates fix this at the root: design once, apply everywhere, and generate professional invoices your clients approve on the first pass.
When a new project lands, the brief is clear, but your team capacity isn’t. Do you staff from a stretched bench, hire contractors, or push the start date? Smart firms use resource management software to model demand up-front with placeholder resources – so you can commit with confidence, protect margin, and avoid last-minute scrambles.
When it comes to time tracking, no-one needs another “where to click” tutorial. The real challenge is creating a daily habit that gives you clean, connected data – so you staff smarter, bill faster, and catch risk early. Here’s a practical approach to consulting time tracking used by high-performing firms, with examples of how teams run it in Projectworks.
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This guide explores the common challenges of resource allocation and offers practical tips to help you plan better, avoid bottlenecks, and keep your projects on track with resource management software.
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Modern professional service businesses often need to manage a hybrid workforce. Whether your consultants are delivering on-site, working remotely, or attending client meetings, professional time tracking software makes billing hours and attributing time to clients precise and easy.