The Keys to a Successful Enterprise Expansion: Professional Services Industry fact sheet

To understand how successful companies meet these challenges, SAP Concur and Oxford Economics surveyed 350 finance and IT executives around the world at large firms—those with more than 1,000 employees—that have launched a growth initiative in the past year. We identified a group of respondents—we call them cost-conscious enterprises—that say that spending and cash management were important factors in their business growth. 

In this fact sheet we focus on responses from Professional Services firms, comparing them to that select group of cost-conscious companies, as well as global totals.

Unfortunately, while 73% of professional services respondents said that spending and cash flow were important factors in their expansion strategies, they proved less successful than cost-conscious companies overall at controlling growth initiative budgets. 

Download the full report to learn more insights and recommendations from Oxford Economics.