Finance - Cloud, Business Strategy and Business Services
Over the last decade, financial market conditions have changed significantly which has affected all financial firms. Increased national and global regulatory changes have had a significant impact on operational procedures and profitability. As market, industry and regulatory pressures increase, how a company grows and maintains profitability will become the key question in this sector.
Challenges meeting Financial Businesses:-
- How to maintain compliance with national and global regulatory changes cost effectively?
- How to maintain a strong capital and cash flow position within the business?
- How to exploit fast-growing emerging markets?
- How to grow but still keep overheads down?
- How to make sure staff work together productively and efficiently?
- How to find new markets and customers for your products?
- How to develop new products and services to stay ahead of the competition?
- How to maintain close customer relationships and prevent the competition from taking your clients?
How Cloud Technologies can help in Finance
Cloud Enterprise Products allow businesses to reduce operating costs by using advanced cutting-edge software and infrastructure compared to traditional solutions. In addition, Cloud Products allow new capabilities that are not available in traditional solutions allowing companies to solve business issues that were not possible before.
All Cloud Products are accessed using the Internet anywhere, anytime from any PC in the world. The software is installed and stored in a data centre "The Cloud" and accessed using an Internet connection and an interface or web browser such as Chrome, IE, Firefox or etc. All customer data is stored in a high-security U.K. Data Centre that meets the highest of international standards such as ISO 9001, ISO 27001 and ISO 22301. The billing model is also different from traditional software where before you bought a "lifetime" license with SaaS its PAYG. All the client pays is a pay-as-you-go (PAYG) monthly fee without the associated in-house set-up & running costs.
Benefits of using Cloud Technologies include:-
- Money and time saved due systems having greater speed and efficiency
- Ability to access desktops, programs, files, emails and etc anywhere, anytime, from any PC in the world
- Ability to give staff greater flexibility and agility e.g. such as working from home, on the road, in the field, or hot desking
- Money saved by IT systems lasting longer due to greater future proofing
- Money and time saved due to reduced system set-up and maintenance costs
- Time and Money saved by having greater long term flexibility to plan
- Cost effective access to cutting edge IT systems
- Pioneering World class Anti-DoS, Antivirus, Advanced firewall technology
- Industry-leading Cloud security management including 128 to 448-bit encryption
- Cutting edge Storage solutions including dedicated, hybrid & virtual systems
- Advanced disaster recovery and backup solutions with tier-4 data centres
How Management Consultancy & Business Services can help in Finance
Management Consultancy (MC) allows companies to utilise proven business strategies to solve difficult business issues. The objective of Management Consultancy is to use proven time-tested strategies to solve difficult business issues while avoiding costly hit-and-miss approaches. The field continues to grow rapidly globally and has made major contributions to improved business strategies, manufacturing efficiency, improved organisational structures, processes, products & services and reduced business cost structures.
According to leading market research firm, Gartner, the global MC Market in 2014 grew by over 6.8% to $125.2 billion. In the U.K. the MC market, in 2015, grew by over 6.6% to £6 billion spent annually on MC services. Industry experts attribute the growth of MC services mainly due to the large return on investment (ROI) consistently delivered, studies have shown MC on average returns £6 for every £1 invested in profit.
Industry examples of Global Management Consulting firms include McKinsey, Bain, Boston Consulting Group, Deloitte, Atos, Accenture, Capgemini, PwC and KPMG. Out of these examples McKinsey, Bain and Boston Consulting Group solely focus on Business Strategy Consulting.
Typical business problems solved by MC can include how to improve operational efficiency, increasing profitability, reducing running costs, increasing competitive advantage, increasing the customer base, improving products & services and adapting to new business environments. Normally companies are budget restricted in how they can solve business issues and can't take an approach of "throwing money at the problem". Therefore, proven strategies, methodologies and techniques are needed to solve these complex business issues within timescales and budgets. Moreover, MC can assist in adjusting to the economic impact of Brexit. Therefore, firms within Finance can gain improved profitability and a competitive advantage by using MC business services.
Benefits of using MC & Business Services include:-
- Increased operating profits by having better business efficiency and alignment
- Protecting market share by addressing weaknesses and threats from competition
- Increased profits through growing market share by addressing opportunities
- Innovating new products & services
- MC assist companies in adapting to rapidly changing markets and industries
- Adjusting to the Economic impact of Brexit
- Raising business understanding of the company's vision and strategy
- Simplifying or updating business strategy
- Linking strategic objectives to long-term targets and annual budget plans
- MC can be used to monitor the main components of business strategy
Need more information? Let's Talk
For more information on solutions for Finance please call 0800 804 4944.
At Cloud Precision® we have created unique and powerful solutions to deal with current and future business challenges. Our solutions are designed to help our clients increase their profitability, market agility and competitive advantage. Our solutions include cloud and management consultancy services that resolve business issues from the root cause.