Hello 👋
Welcome to our monthly consultancy insight newsletter, July Edition!
We’re here to keep you informed, help you spot trends early, and foster a stronger connection within our consultancy community.
As we enter the second half of the year, the anticipated “summer slowdown” seems to be defying expectations. Contrary to the usual seasonal lull, the consulting industry is witnessing a surge in activity, and businesses are bustling with opportunities. This month, we explore the dynamic shifts driving the UK’s consulting market forward.
Insider Perspectives: Market Insight
by Daniel Lewis, Business Development Consultant:
“This month signals the beginning of H2, and the dreaded “summer slowdown”. Early signals from what I’m seeing are that there has yet to be any let up in activity, and things are busier than ever. One of the main drivers of this seems to be increasing payment terms across the market being imposed particularly by large debtors. I’ve started to see standard payment terms of 30 days creeping up to 45/60 days, with one extreme case I saw being 120 days EOM! While H1 saw winning new projects an area of difficulty, this seems to have picked back up – long may this continue!”
Book a call with Dan
by Ross Winter, Business Development Consultant:
“This month, we have seen the UK’s consulting market is starting to experience an uptick in activity, driven by several positive trends. One of the most significant trends is the increasing demand for digital transformation services. As businesses strive to stay competitive in an ever-evolving digital landscape, consulting firms are being sought after to help implement advanced technologies such as artificial intelligence, machine learning, and blockchain. This shift is enabling organisations to enhance operational efficiency, improve customer experiences, and drive innovation. Additionally, this month I’ve seen a surge in demand for risk management and cyber security services. As cyber threats become more sophisticated, businesses are investing heavily in protecting their data and systems. Consultants with expertise in this area are in high demand, providing critical support to organisations looking to safeguard their assets & winning valuable projects in the meantime.”
Book a call with Ross
Revolutionise your consultancy’s cash flow
Delayed payments are an issue faced by many consultancies that we speak to. In this short video, Daniel explains how we pay you within 24 hours, helping you avoid long payment terms of 30 to 90 days. Improved cash flow means enhanced growth and more opportunities.
Trending Topic: How Can Consultancies Adopt AI?
Each month we’ll be delving into a trending topic that is transforming the consultancy industry: This month we discuss Artificial Intelligence (AI). As AI technologies rapidly advance, they offer unprecedented opportunities for consultancies to enhance efficiency, make data-driven decisions, and tailor their client offerings. Here’s how consultancies can integrate AI effectively:
- Automate Routine Tasks: Use AI-powered tools to automate repetitive tasks such as data entry, scheduling, and report generation, freeing up time for more strategic activities.
- Enhance Data Analysis: Implement AI algorithms to analyse large data sets, uncover patterns, and generate insights that drive informed decision-making and provide clients with actionable recommendations.
- Personalise Client Solutions: Leverage AI to create customised solutions tailored to individual client needs, improving client satisfaction and engagement.
- Improve Client Communication: Use AI chatbots and virtual assistants to provide real-time support and interaction with clients, enhancing communication and responsiveness.
- Upskill the Workforce: Provide training programs to help employees develop AI-related skills, ensuring your team can effectively use AI tools and technologies.
Thank you for reading!
We hope you found our updates and expert analyses valuable. As always, we are committed to providing you with the latest trends and insights to support your strategic decisions and drive your success. Stay tuned for more in-depth coverage and expert perspectives in our next issue.