We bring deep expertise in the economics of people-driven businesses, from utilization and realization to project-based revenue, and build the financials that prove them out.

In a services business, the model is straightforward to describe and difficult to substantiate. Margin is driven by utilization and realization, and the firm’s primary asset is its people.
Staffing, HR, consulting, and advisory firms operate on billable time, where modest shifts in utilization or realization move the entire P&L. In people-led businesses, value is realized through reporting that connects billing, project profitability, and margin, giving leadership clear visibility into the drivers of performance.
In a services business, margin is driven by billable time. We model how utilization and labor cost move the P&L, so the levers are clear.
Billed hours and collected revenue rarely match. We track realization against bill rates to find where revenue leaks between the timesheet and the invoice.
Fixed-fee, time-and-materials, and retainer work each recognize differently. We set the policy and apply it consistently, so the top line holds up under review.
Firmwide margin hides which work actually pays. We report profitability at the project and engagement level, so leadership can see it client by client.