Demystifying the World of Business Consultants

It’s quite funny how when it’s auditing season once again and the accountants which have a background in business analytics are doing their thing, one of the areas in which they identify a possible need to downsize is that of bringing in business consultants. The reason why it’s funny is because the business analysts look in the opposite direction and suggest a leaner auditing team, minus permanently employed business analysts.

The spotlight perhaps falls on the business consultants on this one, but only because they’re often the independents who come in, otherwise the discussion applies to both consultants and permanently employed business analysts. This is the discussion of their relevance as it has often come into question in so many different industries and sectors.

Make no mistake about it – they’re every bit as relevant as any other employee, for a number of reasons.

A side-view of the chess board

It sometimes even happens at the highest level you can get, that being how at a chess tournament the two players who are playing against each other miss out on some bigger-picture moves they could have made to gain an advantage or even seal the match because of their default positions. There’s nothing wrong with it because I mean those are their natural seating positions, but someone who perhaps has a side-view can often “see” better moves than the players themselves.

The same analogy can be applied to field sports such as soccer – the manager is able to see the bigger-picture from the sidelines and that’s exactly what business consultants and business analysts bring. They’re not directly involved in the day-to-day, technical operations and so they are able to look at proceedings with a bigger-picture view.

Drawing on a broader experience range

Business analysts and those external ones who consult for the company they’re brought into are well-versed in the overall operations concerned with running a business because that’s their job. Consequently, they are adept at picking possible areas for improvement with great accuracy, but more importantly, very quickly, thus drawing on a broader range of experience they have in analysing all kinds of different businesses.

It’s a cost-saving exercise

A seasoned business analysts or consultant has suggestions such as using an online pay stub generator like Check Stub Maker at the tip of their tongues, another cost-saving practice which is perhaps otherwise lost in the existing web of internal solutions used by a typical company. So having business analyst expertise on board is indeed a cost-saving exercise.

It’s all about balance

As much as having business analysis expertise as part of your staff ultimately comes down to a cost-saving exercise, there definitely needs to be a balance maintained. Permanently employed business analysts need to be complemented with those that operate on a consultancy basis, and the more independent the consultants are, the better because otherwise they start to assume the core analytical values of a specific company they’re employed by. Multiple perspectives are always encouraged, so at to make sure all possible avenues for growth and improvement are effectively covered.