Financial Consulting in 2024: Trends You Can’t Miss

Everything feels weird right now, doesn’t it? Every day there’s another “unprecedented event.” We wouldn’t mind some precedence for a change. But hey, if 2024 has you feeling like you’re on a roller coaster you’re not alone.

Here’s what we do know: along with every other landscape, the financial landscape is shifting. So are the roles of financial consultants, who are now more crucial than ever in helping businesses adapt and thrive.

How can companies maximize their resources and leverage finance and accounting (F&A) consultants for optimal results? Let’s dive into the top four financial consulting trends of 2024, straight from the experts at CCN.

Expertise is a Hot Commodity

Consultants have always been the go-to for specialized knowledge, but in 2024, businesses are hunting for experts with laser-focused skills. Whether it’s mergers and acquisitions, risk management, or digital transformation, clients want consultants who can offer bespoke, data-driven solutions to their unique challenges.

These super-consultants aren’t just bringing their A-game to strategy sessions; they’re also shaking things up with fresh perspectives, new voices, and a sprinkle of innovative ideas. Picking the right consultant with that perfect combination of skills and experience? It’s like finding the perfect donut – it can change your whole day! You might be surprised at the variety of professionals thriving in the consulting arena.

Special Project Pros

One of the most underappreciated benefits of hiring consultants is the wealth of experience they bring from various industries and projects. It’s like they have this magical ability to just blend right into your company, tackling those immediate needs effortlessly. And the best part? They let your internal teams stay totally focused on what they do best.

In times of market uncertainty, consultants can handle critical projects like M&A integrations or adopting new accounting tools. Savvy business leaders know that external expertise ensures quality and continuity during these times.

“With an acquisition, you have to run due diligence, which is a full-time job, and you still have to close the books every month. The whole team is doing double duty. CCN was pivotal to meeting our critical deadlines.”

Rami Legha, Former VP of Accounting at Cart.com

Supercharge Your Team with Temporary Talent

Financial consultants offer a flexible solution to boost department capacity without long-term commitments, especially when hiring full-time staff isn’t feasible. 

They swoop in seamlessly during those crazy peak periods like month-end or year-end close, and bam! Problem solved. Financial consulting allows businesses to dynamically scale their workforce based on demand, without sacrificing the quality of the work being completed.

Seamless Swaps Keep your Team Rolling

With more job openings than seekers, filling positions quickly is a major challenge. Long vacancies can disrupt operations and stall growth. Interim financial consultants provide crucial continuity, keeping projects on track and teams cohesive while companies search for permanent hires. Have we mentioned the idea of using a consultant to fill a role temporarily, and allowing CCN to help you search for a permanent employee? There are so many options at your fingertips.

Consultants can hit the ground running and fill those knowledge gaps for new hires like nobody’s business. This means your internal team can stay laser-focused on their core responsibilities without the stress of managing vacancies or training new employees from scratch. Everything keeps running smoothly, and your team can keep doing what they do best.

“[Our interim consultant’s] experience and time were well worth the investment. He already performed similar tasks several times in different companies over his career. He was just able to get in there, lock and load, and keep going.”

Dewey Jackson, Senior Accounting Manager at SciPlay

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