Is it time to ditch the hourly billing model?
With an hourly-based billing model, there are only two ways to generate more revenue: 1) increase the bill rate per hour or 2) increase the number of hours worked. Most professional firms use this billing model.
Modern technologies and AI are now putting hour-based billing into serious question and pressuring professional services firms to consider alternative billing models. In this article, written by RSM Canada, they will explore value-based billing and how the adoption of these models can help protect and grow future revenue.