Professional services are a highly competitive market. Moreover, price pressure from clients has mounted, under the influence of digitization, increasing transparency and consolidation. Consequently, saving on costs will be an important topic over the next few years. PwC has been helping customers in professional services for years now when it comes to exploring their cost-cutting options so as to ensure they remain competitive and profitable.
Where do you see possibilities of making savings? We adhere to the principle of ‘to measure is to know’. Using our (data) analysis and tools, we will initially help you to acquire an understanding of your costs. Based on the results, we will get together with you to work out where there are cost-saving opportunities, how these can be achieved and how they can be safeguarded within the organization.
We approach cost-saving exercises in the broadest possible sense. For example, we support customers with optimizing their ICT environment and making the most of innovations on the market. The upshot of this is both innovation in terms of the service provision and structural savings in terms of costs.
It is almost self-evident that wages – the most significant expense within this industry – are given particular attention. A decrease of one percentage point on the cost price often equates to a substantial and enduring saving. We identify this potential for savings in such things as employment conditions and the remittances to the Dutch tax authorities (Belastingdienst).
It is also possible to achieve significant reductions in cost by reducing the VAT burden on your business. Data analysis for VAT purposes commonly generates interesting insights into the entries in the financial administration, such as VAT incorrectly unclaimed from the Belastingdienst. We also highlight cash flow optimizations from a VAT perspective.
Interested in finding out what costs can be reduced within your business? We would be happy to get together with you and look at the options with regard to making savings on costs in structural terms. If you would like to know more, please feel free to get in touch with us.
'It is almost self-evident that wages – the most significant expense within this industry – are given particular attention. A decrease of one percentage point on the cost price often equates to a substantial and enduring saving.'
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