Professional Services Advancement - Mazars - Ireland

Today’s professional practices work in an increasingly competitive environment and a shrinking market. Pressures from clients expectations, demands for lower fees, increased regulatory framework and the high duty of care imposed by professional bodies can lead to conflicts between professional and commercial values. These conflicts can manifest themselves in downward pressure on margin, lockup and cash flow problems, which in turn can give rise to strain within a practice.

In the current downturn, revenues are decreasing but cost bases remain high following years of growth. This has forced the owners of professional service firms to seek to re-align their firm’s business model and in some cases their relationship with the firm. We recognise that this process can only take place over a period of time and Mazars has assisted management with tactical short and medium term business planning leading to the development a long term strategy.

Mazars Practice Development Package is a suite of advisory services designed specifically for professional services firms. It offers support for day to day activities and assistance in short and medium term business planning. The Practice development package addresses the entire requirements of a professional services firm. These services include strategy and mission development, business and financial planning, Financial, HR and IT strategy and management, management development training and performance management.

Taken individually, each of our practice development products will add significant value to the stakeholders and the firm in a clear and tangible way. As a collective, they provide the fundamental building blocks for achieving the sustained long-term growth of the professional services firm.