At the time of writing this blog article, FPA It Forward is an Independent Boutique Adaptive Insights Consultancy.
So, why work with an Independent Adaptive Insights Consultant? Here are 5 benefits that ring true if you choose to work with FP&A It Forward:
When you work with a larger firm, you may inadvertently introduce one or both of the following two risks into the mix, which can jeopardize the success of your implementation:
Jack of all trades – Multi Business Application Jack
In the case where you are exploring new planning, reporting, analysis and/or consolidation solutions with an existing firm that may have implemented your Enterprise Resource Planning (ERP) and/or Customer Relationship Management (CRM) solution in the past, there is the obvious benefit that this firm should have a deep knowledge of your business and existing business applications. The risk with engaging this firm to implement Adaptive Insights for you is, as the saying goes, a ‘Jack of all trades, master of none’. In particular, does this firm have a team of experienced Adaptive Insights consultants or is your favourite ERP/CRM consultant from the firm ‘learning’ Adaptive Insights on your time?
Jack of all trades – Multi FP&A Solutions Jack
While firms supporting multiple Financial Planning & Analysis (FP&A), Corporate Performance Management (CPM) and/or Enterprise Performance Management (EPM) Solutions can bring value in the solution evaluation stage, clients engaging these firms face a related risk in that the consultants themselves are likely not able to focus on a single solution. At a practical level, it is very difficult for a consultant to keep up to date and be a deep expert in more than one solution. I know this from my own experience.
2) Individualized Approach
In most cases, the larger the firm, the larger the projects. With these large projects come multiple team members each focused on their own area of expertise (i.e. sales, pre-sales, project management, solution architects, implementation consultants) and the increased bureaucracy and inefficiencies that accompany them.
At FP&A It Forward, like with many boutique consulting firms, you will be working one-on-one with a small consulting team and this same team will guide you through the entire process from sales to success! The smaller team means that promises made during sales will be honoured and you will get the level of attention that you desire, both before and after the deal is made!
When implementing a new FP&A solution like Adaptive Insights, it is all about collaboration. You need a partner like FP&A It Forward that will become a literal extension of your team. Working with a small consulting team of experienced Adaptive Insights consultants affords this level of collaboration which results in a lower risk implementation, new ideas and best practices being discussed and implemented along the way and more knowledge transfer to increase user adoption and time to value from the investment.
Larger firms obviously have significant overhead costs, many executives, higher salaries, etc. With FP&A It Forward, we deliver value. While you can expect a competitive market rate from FP&A It Forward, what sets us apart is our personalized dedication to your company’s FP&A technology implementation success. Most of our projects are delivered in a value based project delivery format where projects are delivered on-time and on-budget without the risks.
With larger firms, your Adaptive Insights project will most likely be staffed with a variety of people filling dedicated roles; though of course, some of them, those responsible for the majority of the actual configuration, training and testing will likely be more junior.
At FP&A It Forward, like with many other boutique consulting firms, you will have access to experienced and certified Adaptive Insights consultants from beginning to end. For more information on our Principal Consultant’s Adaptive Insights certifications, please refer to this article on LinkedIn.
For more information, connect with me on LinkedIn and/or send me a message. I’d love to hear from you and discuss how FP&A It Forward can help you and your organization impact lives through improved planning and performance management solutions.