Business solutions companies provide services that address and solve the issues their clients are having such as financial problems and inefficient processes.
Business leaders often face gaps in knowledge and resources that they need for executing certain tasks or projects. Business solutions providers help them fill these gaps to help put them on a path to success.
These experts are especially helpful for providing solutions such as running office systems, filling taxes, coordinating supply chains and other aspects of business in which the cost of a mistake is very high.
Specifically, accounting firms and solution providers are teams of experts that perform tax planning and preparation, M&A consulting, auditing, advisory services and general financial planning.
Consulting firms are businesses that provide professional feedback to a business organization and their areas of expertise can vary.
For example, there are consulting agencies that specialize in technology, eCommerce or advertising.
These firms are industry-specific specialists and subject matter experts. Their deliverables include advice and suggestions to follow in order to achieve business objectives.
What Do Modern Business Solutions Companies In Accounting And Consulting Do?
An interesting fact says that the expectations of companies that use accounting services have widened and 37% of them strongly agree that they look for business advice as well.
Accounting business solutions companies include a wide variety of services that help clients improve their financial position, streamline their accounting protocols and enhance internal processes and procedures.
The services provided by accounting firms include:
Helping clients maintain accurate and efficient accounting practices
Examining a client’s profitability
Helping clients understand their financial data and how figures affect their business performance
Implementing accounting practices for clients
Consultancy agencies help businesses improve their performance and implement changes that optimize their process in order to achieve success.
These expert teams help companies overcome challenges by improving efficiency to boost their revenue. They create custom solutions in accordance with the company’s business size, organization and objectives.
Businesses usually hire consultancy agencies when they need perspective on the path they’ve chosen or when they need to enact a change in their operations.
Consultants offer a wide array of services, such as:
Providing expertise in a specific market
Identifying business issues
Providing objectivity and initiating change
Teaching and training employees
For both business consulting and accounting companies, the first step in working with their clients is the discovery phase, in which they learn about the client’s business.
This phase includes analyzing the company’s finances and reading company materials. Consultants and financial experts uncover the details of the company’s mission and evaluate the operations that are in place.
After developing an in-depth understanding of the company, business solutions providers begin the evaluation phase, during which they identify the needed change. They make this evaluation by identifying the company’s strengths and weaknesses and narrowing down their current problems.
During this phase, solutions providers also identify opportunities to grow the business, boost efficiency and increase profits.
A business consultant develops solutions to these problems and creates a plan for capitalizing on opportunities.
For instance, if a company has a strong marketing department and an underdeveloped sales department, this is an opportunity for the company to develop sales resources and capitalize on the marketing staff.
In this phase, it's important for the consultant and the company's employees to maintain open and clear communications.
Top 7 Consulting & Accounting Business Solutions Companies
A group of consultants and software developers, Aciron migrates data and integrates modifications into clients’ platforms.
The company adapts its strategy for every individual client in accordance with their need and provides solutions that yield the best results. Aciron has worked with numerous notable clients, including MassDot, Ver-Tex Construction, Massachusetts General Hospital and other healthcare firms and government organizations.
AKÏN designs marketing strategies that deliver business impact through an approach positioned at the intersection of data, creative design and contemporary culture.
The company helps brands articulate their purpose by uncovering cultural and market truths. They design marketing campaigns based on data and analysis, aimed at achieving full impact for their clients.
AKÏN also builds digital solutions that bring clients closer to their audiences and help brands nurture relationships with their clients.
VINT Consult is a boutique consultancy developing A to Z solutions for business and government. The company provides consulting services in the following areas: Strategy, Operations, Finances, Marketing, HR, Business Planning and Digital.
With associates in more than 40 countries, this company has worked with clients of all sizes and has developed an extensive international network in various industries, including IT, agriculture, manufacturing and construction.
Services they provide:
Creatoring (creation and delivering of business ideas from scratch)
Consulting for banks and financial institutions
Consulting for government
Operational consulting, including business process consulting
Marketing research and consulting HR consulting, including recruitment
Farahat & Co is a one-stop shop for legal accounting, VAT, liquidation and insolvency, financial audit, expert witness, financial dispute support, court expert reporting and dispute support case management and numerous other services.
With over 35 years of experience, the company works with clients of all profiles and in a wide range of professional services in many fields.
Services they provide:
Accounting & bookkeeping
Expert witness, dispute support, case management, fraud examining
Liquidation, company deregistration
Payroll and HR Trademark protection and registration
The Kaleidoscope Group helps clients of all profiles maximize the potential and efficiency of their internal processes and organization. Achieving superior results by harnessing all talents is their end goal.
The company goes to great lengths to understand their clients' business and company culture in order to build strong partnerships, educate key stakeholders and implement effective strategies.
Their solutions, established in the consulting approach, are customized to the needs of each client and bring measurable and sustainable results.
Services they provide:
Law Enforcement Inclusion
What Are The Benefits Of Hiring Innovative Business Solutions Companies?
Hiring a consultancy or accounting firm comes with multiple benefits for your business.
Here are the five most notable benefits:
Cutting down on expenses: When you hire a business solutions provider, you pay only for the services you need, when you need them. This differs from hiring a permanent employee with the same level of expertise, which could cost you more in the long-run. Consultants and accountants can also point you to areas of your business where you spend more than necessary, which can also provide savings.
Gaining expertise: Consultants and accountants have had a deep knowledge of business trends, industry challenges and new processes, because they work with a wide array of clients. Their expert skills provide exceptional value.
Saving time: Consultants and accountants know about the best practices for your business. They use these insights to identify inefficiencies in business processes, likely quicker than any internal team could.
Gaining an objective view: Consultants and accountants have a healthy distance from your business organization and its challenges. They have no emotional investment in your operations and can detect and address issues more easily and with more objectivity.
Receiving customized advice: The value of working with a business solutions provider is that they commit themselves to learning about every individual client’s problems and goals. They do not offer one-size-fits-all solutions – instead, they tailor their advice and solutions to your specific business challenges.
Business Solutions Companies Takeaways
Consulting and accounting firms provide valuable business solutions to companies that suffer from unoptimized processes and may be at risk of getting into financial trouble.
They start with a necessary objective overview of the company’s situation to provide tailored solutions using their expertise, resulting in time and money saved, to ensure that companies are on the path to success.