The Professional Services sector is large and diverse, made up of firms offering expert services in their own domains. The industry is not just about big companies; there are also many smaller businesses and mid-sized firms. As a professional services firm ourselves, we cater to numerous businesses within this industry.

Professional Services companies encounter various challenges, key among them being the swift pace of technological advancements and workflow transformations. While law firms, accounting practices, and financial planning providers are experts in their respective domains, they may find it challenging to adapt to emerging technologies such as AI, ML, automation, and RPA. If they don’t, they risk falling behind competitors who do. Furthermore, the struggle to hire and retain skilled personnel like accountants, bookkeepers, paralegals, and virtual paraplanners can also pose a significant challenge. Those that fail to outsource such roles might find it difficult to compete. These risks and threats can be mitigated by embracing change and evolution, an area where we excel. We have successfully assisted many Professional Services businesses navigate these challenges.

For decades, Fortune 1000 Professional Services companies, especially large accounting firms, have sought the support of consulting services, digital transformation companies, and staffing providers. They were the trendsetters in outsourcing and offshoring. Large international law and financial advisory firms have also made use of top-tier consulting and outsourcing entities. However, small to mid-sized Professional Services businesses have been less quick to adopt external aid. This is rapidly changing as more companies engage staff augmentation services and embrace digital transformation tools such as RPA, AI, and ML to enhance their competitiveness and increase profits.

Valenta brings a wealth of experience in leveraging technology and innovations pivotal to the modern Professional Services sector. Our proven expertise extends to CPA firms, Legal Practices, and Financial Planners. With Managing Partners stationed in major cities worldwide, many of whom have a background in the Professional Services sector, we maintain a robust network. Collaborating with both onshore and offshore consultants, developers, and outsourced staff managers, our partners are focused on delivering exceptional 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 :