Professional Services | Paramount Technologies

PROFESSIONAL SERVICES

Professional services account for a large part of the US economy, generating about $600 billion in annual revenue for 600,000 individual firms. The largest segments are legal services ($130 billion); engineering services ($120 billion); computer-related services ($110 billion); accounting ($60 billion); management consulting ($60 billion); advertising ($50 billion); and scientific research ($25 billion).

Professional Services are infrequent, technical, or unique functions performed by independent contractors or consultants whose occupation is the rendering of such services. Professional firms frequently provide services that require special expertise. Their ability to provide services cross-border make them particularly useful to multinational clients. Services are frequently delivered on a project basis.

How Employee Workforce Automation Can Help

Paramount’s WorkPlace Suite helps professional services firms improve efficiency and reduce errors across multiple geographies:
Integrated project accounting, time and expense management Multi-language capabilities Comprehensive multicurrency support Single point of entry from approved expense through to client invoicing Able to integrate seamlessly with both off-the-shelf and internally developed systems