The second element - leadership and adjusting the business model - marks a critical difference for PwC.
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In TBR’s view, the first element - investing in technology - does not differentiate PwC from peers, except perhaps in the firm’s early start in some areas and sustained commitment to an organizing framework.
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The report mentions that: ‘Building on PwC Products, perhaps on a timeline accelerated by the remote-working realities of the pandemic, PwC rolled out Digital on Demand and ProEdge in late 2020, bringing to clients two distinct offerings made possible by years of sustained investment in digital capabilities, including software and the firm’s own IP, as well as a leadership commitment to adjusting the firm’s business model to fully accommodate subscription-based pricing and software-centric engagement models. They spoke to several PwC leaders to gain insight into where the future of consulting lies for the firm and its peers. In this special report, TBR highlights how PwC’s leadership has been responsible for these efforts and how much the firm has changed.
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In a TBR report this time last year – ‘PwC Products: Not your father’s PwC’, TBR reported that PwC Products completely shifted from being an old-school, white-shoe, tax- and audit-focused professional services firm from the previous age of the Big Eight to being a business solutions provider, with those “solutions” including SaaS, managed services and platforms.Ī year on and TBR writes about how the firm has taken another large leap forward, adopting elements of business models most notably deployed by Netflix to bring its software and solutions into clients’ environments in a completely new way, while simultaneously reorienting the firm’s professionals around the skills and capabilities needed to serve their clients in a new world. TBR Special Report - From PwC Products to Digital on Demand and ProEdge
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