Current economic conditions and the persistent demand for finance and accounting skills have magnified the many benefits of working as a financial consultant. Organizations are working with consultants to access specialized expertise on-demand and to augment the abilities their full-time teams. This means opportunities are available for financial consultants with highly sought attributes who can work on a project basis. In particular, firms are looking for professionals who can take on initiatives in accounting and finance and business systems.
Succession planning requires careful organization on the part of executive management. When accounting and finance professionals in top positions leave the company, managers want assurances that the individuals chosen to fill those roles will succeed with a relatively seamless transition. However, there are certain mistakes that can prevent firms from achieving these goals.
Many accounting and finance organizations need the help of talented professionals with specific subject matter expertise to contribute to or manage complex projects. But often they don’t have the budget — or the ongoing need — to hire these individuals on a full-time basis. Bringing in a finance consultant or another type of interim management professional is an effective way to fill these skills gaps as needed.