Panni, being a management consulting firm provides ideas to businesses to improve the efficiency of their business processes. They help businesses to shorten lead time, increase profit margins, reduce costs, and even implement business ERP solutions. However, everyday organizations across the board are digitizing information. This information might be captured in multiple systems and formats. An effective information strategy and Business Intelligence (BI) solution are becoming increasingly essential for effective decision making in today’s organizations. But how could Panni leverage this advancement and development and just like any other management consulting firm, Panni faces an issue with technology content? The technology aims to achieve an implementable and effective process re-designs. The main problems being only a management consultant when technology is needed as part of a solution are:
Panni was mainly engaged in Sage X3 enterprise ERP solutions. They did not have any resources related to the technology aspect. We as Acme One are technology experts for building and maintaining ERP’s implementations, integrating applications and systems, arranging data through business intelligence and machine learning tools.
To hire a resource there is a bit expensive than to hire in the area where we work. So, instead of hiring a permanent resource in Canada, Panni benefitted from partnerships and sub-contracting the work to us. The directly associated benefits Panni gained from us are:
– Reduced costs:
They decreased their cost associated with hiring and managing a permanent employee.
– Portfolio Expansion:
Their portfolio and expertise in the field was expanded through us
– Increased opportunities:
They, now, do not need to miss opportunities and can participate in and increase competition
– Longer-term relationships:
Client relationships were extended with a much stronger bond than before
– Risk reduction:
Risks related to managing the project were reduced and transferred to us
– Increase margins:
Through our partnership, they increased their profit margins
– Greater talent resource:
Through us, they now had wider access to talent. These benefits are also passed on to the clients of Panni.
Partnerships increase each firm’s revenue and portfolios. They pass to the client also. All the firms and clients in partnership circle benefit. A win-win situation for all. The main benefits are as follows:
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