When’s the best time to hire a
A finance consultant is a valuable resource for businesses in every industry. They provide financial advice to help a business increase shareholder value and improve capital efficiency through its internal operations.
Your finance function is a direct link to your business’ bottom line; enhancing its efficiency ensures improvements across all business processes, no matter how big or small.
The support of the right finance consultant can have a drastic effect on your business’ growth, financial planning, and long-term success. As a Kronos Group business consultant, I know the value a professional consultant can bring to a business – and it goes far beyond that what most of us think.
A professional consultant has experience handling a host of clients, which means that they have most likely seen and diffused the challenges currently affecting your business. A finance consultant can offer you swift, strategic recommendations. They are also up-to-date on developments in the industry and are aware of new technologies, business processes, functions, and methods of enhancing the workplace.
A finance consultant’s reliable expertise can also take some of the financial pressure away from you and your teams, helping you make strategic, long-term decisions for your business.
During times of crisis
A finance consultant can help you survive unprecedented crises such as COVID-19 as they have extensive knowledge of the industry. This allows them to anticipate what effects each crisis may have on your bottom line and mitigate these risks before they hit your operations.
Further, during times of crisis, swift action and confident decision-making are necessary for a business’ survival. However, the risk that may be incurred as a result of every action is also far greater during these uncertain times.
This is where a financial consultant can come in to help you make decisions, strategise a crisis management plan, and a sustainable crisis recovery framework. They ensure that your business goals are not lost in a struggle for survival.
When planning for growth opportunities
When a business plans to expand internally or externally, the process involves a hefty financial investment without any guarantee of what the outcome may be.
Growth, however, is critical for the survival of your business and so, the professional insight of a finance consultant can ensure that you have accounted for and armed yourself against all possible risks. They will also help you determine if your decision will lead to the best outcome for your business and whether it will help you achieve your goals.
In short, a finance consultant will help you make business decisions with greater security and confidence.
When overcoming critical, time-sensitive challenges
Whether the challenge(s) your business is facing is a side-effect of poor efficiency and a wastage of resources or the impact of external factors that are out of your control, a finance consultant has most likely tackled these challenges before and knows the right solution to leverage to help you through it.
If you’re looking for effective, timely solutions, a finance consultant is almost always the way to go.
When optimising your operations
Finance optimisation is a constant business goal. It involves the coordination of all of your business functions and requires all operations to be streamlined and efficient in order for optimisation to be achieved.
A finance consultant can ensure that your finances are optimised without impacting other areas of your business. They also provide you with long-term, strategic insights on sustainable finance development and greater financial resilience. This ensures that your business will continue to benefit from your finance consultant’s insights long after your consultation.
How Kronos Group can help you boost your financial efficiency
Kronos Group’s skilled consultants are constantly learning and being trained to provide cutting-edge services to all our clients.
Our finance consultants fulfil a range of financial services including:
– Finance maturity assessments
For more information on boosting your financial performance and optimising your finance function, get in touch with Kronos Group today.