Cost Reduction Consulting companies focus on reducing the indirect expenses of the business firms, such as telecommunications, office supplies, merchant processing, insurance, and payroll services. International Executive Consulting LLC is one of the best cost reducing services provider companies in the USA. Our experts analyze an extensive range of relevant cost categories, which are usually neglected by the companies.
In today’s competitive environment, reducing overhead and costs are as crucial as accelerating sales. An applicable and long term solution is to limit the expenses for regularly purchased products and services for which many organizations “unknowingly” overpay.
Our Cost reduction consulting professionals focus on indirect and consumable expense categories. They eliminate the most common profit leaks to save the money. The experts either negotiate the beneficial terms and pricing with existing suppliers or find equally competent alternative sources.
You can make huge profit from your business by our Interim Consulting Experts having profound budget management skills and experiences. We offer to clients services like controlling long term goods and service costs, forming efficient expense reduction strategies to cover the needs of the individuals. Our aim is to reveal the costs linked with doing business that can be decreased or obviated while still maintaining the effectiveness of the business in terms of dealings, customer service and earnings.
Interim Professionals provide an expense reduction manual showcasing the detail of their work for cost reduction. The manual provided and an index of categories like business location, employees and communications. The objective of the manual is to act as a road map to guide each client and his business requirements. You can even customize the manual by discussing your specifications with the expert.
Our Cost reduction Consultants provide each client with a written report at the end of their assignment. This report usually outlines the consultant’s recommendations in terms of reducing costs and relevant supporting data and statistics. So, investing in a reputed expense reduction consulting company is a great idea to save enormous money.
International Executive Consulting LLC comes under top cost reduction consulting companies having expertise and cost management, business turnaround, growth & expansion, advisory board management skills & more. We have been working for more than 25 years and have extensive knowledge around business operations. Call us today +1-202-258-5376 to avail our excellent services in the USA.
More and more boards and management teams are constantly navigating between leading disruptions in business and improving operations and management to ensure that they are aligned.
4 Questions in the Minds of CEOs:
Interim Managers Can Be The Solution:
For companies requiring industry or functional experts with diverse leadership and management skills, as a stop-gap measure or as a strategy to bring in cognitive diversity of thoughts and experience, hiring Interim Managers can be the solution.
Interim Managers are most often senior leaders who have opted out of the corporate world, to pursue different careers or reached the maximum retirement age. Their new life objective is to inspire and help individuals or companies grow. What they bring is extensive experience in a specific field, often with global or regional exposure bringing the ability to work at all levels, cultural sensitivity and operational expertise.
As they do not have long-term career aspirations, they are motivated by outcomes and results, Interim Managers excitedly bring in wisdom, best practices and coaching skills into the organization. They are also very independent and bring unbiased views and thoughts as they do not have the interest to be in full-time employment or to be in the good books of someone.
What are the Functions that Require Interim Managers?:
Almost anything. We have provided a listed energy company with an Interim Communications Manager to help them develop their annual report, and at the same time build the skills in the current team. As their Communications Director resigned, they weren’t a dire need to hire someone at such a senior level, considering the poor market sentiments and reduced workload.
You may be running a fin-tech business and require an expert to have an outside-in look around risks and governance, but do not have the bandwidth and budget to hire someone permanently. A former Country Risk Manager of an international bank might be keen to work alongside with you to help you build the framework for risk management and train your team on the governance.
How International Executive Consulting LLC can help you?:
At IE Consulting LLC, we are always available for you and our expert Interim Managers identify the gaps in your business and the necessary leadership and management traits needed and give you the best results and profits with their expertise.
Interim Management Service can be the best short-term solution for a long-term business need.
For more information, please visit us now!
One reason for hiring an interim manager is the speed at which they can be on-board; But this should not be the only reason to hire. We are trying to recruit more permanent candidates to be available in interim roles immediately as this is seen as an effective way to try someone before being given a permanent role. The risks of this strategy are many and should be carefully observed before starting.
The immediately available permanent candidate may be a cheaper resource, but will it be fully committed to the assignment, if it does not proceed to the permanent offer? Will they be totally committed to finishing the project if another permanent opportunity arises elsewhere? Will they have the experience to actually make an impact in the short-term?
Professional interim managers bring direct experience of delivering the issues of the client organization and can quickly adapt to varying cultures, making them highly effective in a very short time. Interim Managers are not focused on staying longer than needed and are not normally interested in taking a long-term permanent opportunity; outcomes and driving value are their key priorities. The costs will be higher but the outcomes and business benefits will be easily visible after the interim has left.
Interim Executives are the catalyst to positive disruption by offering:
Independence: With no historic attachment to the business, Interim Managers provide independent, committed support to the strategic direction of the business with no personal or political agenda. Many business cases are formulated with common and unclear benefits, making the measurement of delivery almost impossible. In addition, if the senior stakeholders have differing interpretations of the deliverables, there is little chance of successful delivery by Interim Executive.
Fresh Perspective: Organizations can often reduce the scale and complexity of a program and the risks associated for successful delivery on their first encounter with a major business change. Whilst the Interim Managers bring experience, having managed transformations of equal complexity and scale, they are able to highlight areas of potential financial and non-financial benefits & much quicker than internal staff.
Proven Track Record: Using interim managers instead of management consultants or inexperienced internal resources, clients have more control over results, maintain intellectual property and help reduce costs and risk associated with successful delivery.
Legacy: When utilizing any external expertise, there is a risk of losing significant knowledge and intellectual property when the project finishes. Management consultants will often walk away with this intellectual property, although interim managers will always try to transfer this knowledge to current internal staff.
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Many private equity funds hear the term “Interim Executive” and think that the only application is turnaround or short-term maintenance. But for PE funds looking for great returns, they look interim for their unique abilities to create and transform companies.
Here are five major use cases for interim executives in PE-owned portfolio companies:
Interim Executives in Diligence:
Most funds are expected to spread their wings – work beyond industries where they have already succeeded in looking at new industries where acquisitions can produce lower costs and higher returns. They move forward, and require expert leadership removed from prior operational teams. While diligence work is not a strict definition of interim, which includes operating roles with the decision-making authority, many interim officials are happy to help for nominal fees to help both investors and sellers make good transactions if circumstances come under warrant conditions. The primary goal for the interim is usually the closing after a leadership role.
Interim Executive In Process Improvement And Upgrade Mode:
When a professional fund acquires a company, it is not necessary for the company to have a lack of process and timely reporting to the required standard. Perhaps it was a family business or a private company that could live with a lot of informality, but the new owners would start upgrading as needed. Funds will look intermittently on a project basis or in some cases to come up repeatedly with bar management.
Interim Executive in Closing Mode:
Although a permanent search can take upwards of six months, one would like to see transactions slowing down for lack of an important role – hence the effective use of interim – to close stronger deals, establish better systems and controls and recruit strong leaders. A good interim will put in place a plan, system, and procedures that can be assigned fundamentally.
Interim Executive in Growth Mode:
While most interim engagements last 18 – 24 months, it is not uncommon to hear that an Interim CEO has decided to make his tenure match the goals of a PE fund, especially if the fund sees a possible exit within three years. In this case, the fund periodically makes an interim demand for their unique skills in manufacturing and selling companies. There are change agents with an interim background that includes corporate spinoffs and successful exits. The CEO is forced into this role when his track record already has multiple wins and already gets out from under his belt.
Interim Executive In Crisis Or Turnaround Mode:
Many funds are familiar with the need for experienced operating executives, when leadership roles occur when things go south with a portfolio company. Perhaps a surprise gave rise to the post acquisition. Perhaps heritage management could not be on board with a larger future. The good news, despite the circumstances, is that the world is now a resource rich with talent who are able to deal with the toughest projects in experienced situations regardless of external circumstances.
Click at IE Consulting LLC and get the best Interim Services to improve your business growth.
Contact us:
Email: info@interimcsuiteservices.com
Phone: +1- 202-258-5376
CEOs will occasionally push you down, but mid-level managers will rarely join you. If you do not start at the top, there is a steep climb to get there that puts relationships in your path at risk.
Knowing the employees of the company, their rank and level can prepare you when you start entering the business.
As a sales representative, you should know that you should strive for your C-level decision-makers as soon as possible. That way, you don’t have to put a lot of effort on someone who is not part of the decision-making process to talk about your sale.
Also, it is better to get direct rejection from C-level Executives. If you get one from the lower-level management, you’re always stuck wondering if you can get a yes from the higher-ups instead.
Forget the Features:
The facilities are great for an operations person, but the higher you climb, the more your interaction should be tied to the benefits of their organization.
People in C-level positions constantly think of ways to improve their company. If you can solve the company’s challenges and offer benefits, these executives will be more accessible and may be more ideal to talk to.
C-suite Executives look at their company’s issues from a more perspective, so you should focus on the solutions you can provide. When you list your features one by one, it is not meant to attract anyone up the corporate ladder.
They are always going to be a lot smarter. Also, these business leaders are thinking: “What’s in it for me?”
Thus, you should answer that question before they ask it.
Understand the Priorities of C-Level Executives:
The performance of an Interim CEO is linked to increasing revenue, improving margins and boosting the bottom line. They will spend their time in conversation which will help them to achieve these objectives.
Remember that you should modify your sales pitch to accommodate for the person you are talking to. Therefore, for those within C-level Management, you should not ask basic questions about their company.
In fact, you should already know enough to get straight to the point. If you ask questions about their company’s goals and background, they probably won’t think much of you.
You have to be armed and ready and able to show your understanding of the company’s goals and needs, before they have to say what it means to you.
Let’s connect and share requirement at info@interimcsuiteservices.com.
Given the pace of change and complexity in today’s business environment, advisory boards often lack resources for strategic, high-value information and guidance. The pressure is on the person or business owner to maintain a thriving business in a wildly chaotic and frenzied market.
It requires discipline in the long run and a reliable way to deal with new opportunities and unexpected adversities. The notion that a traditional strategic plan would aid in this fast environment is quickly losing momentum. Being strategic, however, has become the new leadership attribute that is allowing organizations to outdo others. A powerful tool to navigate this uncertainty and facilitate a greater level of strategic awareness is harnessing the power of an effective Advisory Board Management Team.
What is an advisory board and does your organization need one?
As the name suggests, an advisory board is a formally formed group of independent people who provide high quality, objective advice to business owners in areas of strategic importance.
A strong advisory board is a powerful tool to support decision making, especially for family-owned, entrepreneurial or SMEs. Small organizations benefit the most from the expert guidance of an Advisory Board without the expense or formality of the board of directors. This external advice is particularly beneficial for areas you would not otherwise advise.
An advisory board may have a broad focus or a narrow one depending on its specific purpose. For example, will the advisory board relate to the ‘big picture’ strategy and enhancements of the organization or are the advisors genuine stakeholders who provide their experience on a specific program and how it can be improved?
It is important to determine what the focus of the Advisory Board should be and ensure that it is well understood before doing it.
Some of the roles and responsibilities for Advisory Board members might include:
So, what are some situations that could benefit from an Advisory Board’s expertise?
Consider the following examples;
For non-profits, there are a few different types of advisory committees explored by Interim Executive Consulting which advise, provide influence or fundraise, in support of the existing Board of Directors.
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CEOs were already facing challenges before the outbreak of COVID-19. The world’s 20 largest economies then went into lockdown at an eight-week window. The optimism for a quick recovery has evaporated and a big question is: how do we prepare for a future that will change forever, but is still not fully known?
The actions you take to protect your business are critical to your future success. But what are those verbs?
Discover how, together, we design and implement commercially viable plans that produce quick results for your business.
Your challenges:
How IE Consulting LLC Can Help You?
We bring a strategic approach to cost reduction. We have both compelling drivers and practical tools that make strategic cost reduction real and transformative.
We leverage our proprietary analytical and benchmarking tools and techniques to develop a clear cross-organizational cost agenda, making deliberate choices from front line to back office.
For more information, please visit International Executive Consulting LLC today and follow us on social media now!
“It is lonely at the top” is a common saying between CEOs and business owners.
In many cases, you are the head of the organization and you do not have any peer inside the company with whom to talk. Ironically, once you are in that role, you have things to talk about more than ever – vision, strategy, what you want to do next with the business, personnel issues, major challenges, And the list goes on and on.
There is no question, this issue has never been more prevalent.
At IE Consulting LLC, we have recently seen a very large increase in requests for business advisors. I quite often asked why I think this is happening.
My answer, “As the leaders of a company, we are more alone than ever, we do not have all the answers, sometimes feeling like we don’t have visibility into what the future holds, and just need someone to talk to us, be on top for a while and bring their point of view and vision. ”
The next question I get is, “What kind of consultants are CEOs looking for?” My response varies depending on the situation, but below are some examples to help answer that question.
Scenario 1:
A mid-to-large-sized company with a business growth in an industry or business sector is not familiar or comfortable. Interim CEOs are expecting a 50% increase again this year and are unsure what their organizational structure should look like at that point. It has no ratio or compensation benchmark for other companies in the industry as it is a fairly new industry for it. The CEO is looking for someone with a deep industry background to tell him/her what she/he knows and does not do around plans for profitable growth.
Scenario 2:
Small family-owned businesses that seek to focus not just on growth but on business value. The CEO has received an offer to buy the company but it is “not enough to retire.” There are some long-term business relationships that are potential catering. The owners are looking for someone to help them figure out what the roadmap options are, so that an increased assessment can be obtained and they can be trained through the mines.
Scenario 3:
The interim CEO has a long-term employee who aims to help the company manage and reduce its workload. Unfortunately, none of this is happening. S/He knows s/he needs to replace the employee but there is also a long-term connection. S/He is then not sure if s/he needs to move forward and how best to replace the person. The CEO is looking to reduce his/her workload and reduce expenses. She/He is looking for a mentor to help guide in completing both.
In each of these situations, the head of the company had no one who could provide advice internally and needed someone who could step in in that capacity.
As difficult as it is to get beyond our four walls (metaphorical company walls or office / home office walls), it is now more necessary than ever.
Here are some common options for gaining perspective or finding like-minded people and building a credible relationship with them.
Industry Events, Roundtables
CEO Peer Groups
Networking
Growth Consultants
If you feel that you don’t have time for these or are a little too familiar with the above examples, you can bring expertise.
Here are some examples of how to get help within your four walls without hiring someone for long term.
Business Coach
Business Advisor
Advisory Board
Expert Roundtable – Specific to Your Company and Business Issues
Part Time Interim Executive
Interim Executive
There are several options for transferring a conversation from one person to two or more within a trusted and confidential setting. If you do not have it internally with your leadership team, then it is easy to find someone who is suitable for the time you need. Let us know how we can help.
Healthcare spending was projected to increase 5.4 percent annually from 2017 to 2022 according to the US and Global Health Care Industry Outlook. This is more than $10 trillion by 2022.
The United States continues to outpace other countries at projected spending – in both public and private health services – from 2017 to 2026, estimated at a total of $ 5.7 trillion. Yet positive health outcomes are worse, with spending almost double that of similar countries.
Healthcare organizations that want to remain competitive must deliver positive results while running sustainable, profitable businesses. Many healthcare providers are now outsourcing the expertise of Interim CEOs to try to lead them towards a healthier financial future.
“Many organizations bring me in to provide an unbiased view and make recommendations before bringing in a permanent CEO or controller,” explained an interim CEO, who has worked with many health systems, critical access hospitals and clinics around the US . For him/her, which often means meeting and learning from everyone in the department, looking at production, completing monthly statements and addressing issues in the underlying financials to ensure consistent reporting to the board.
An Interim CEO is a proponent in strategic planning and brings hands-on experience to the table. They first help healthcare organizations understand their current financial situation and then guide them in making informed accounting and investment decisions about their healthcare practice or business.
Every healthcare organization faces financial challenges, from hospitals to clinics, from health tech companies to laboratories. Whether their financial problems are revenue-driven, competitively based, or revolve around patient outcomes, it is difficult to prioritize which issues to solve. An interim CEO knows how to understand all those moving parts, and to take swift action.
Interim CEOs are no strangers to challenging situations. The interim CEO helped a small-town hospital that had terminated its full-time CEO by training its controller.
Some healthcare providers simply require basic guidance with their financial statements, while others require an in-depth analysis of how well or how their financial systems operate. Other organizations need to determine if their financial capabilities are on par with their new business goals, does that mean improved levels of care, expansion or merger due-diligence and integration. In any case, an experienced interim CEO can quickly identify what financial issues should be done first, and whether the fire should be put out immediately.
An interim CEO empowers healthcare providers, not only to develop and implement a strong financial plan, but also to ensure that the healthcare provider is well positioned for development. In turn, health organizations can then make confident decisions that enhance financial stability in the future.
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Companies struggling to generate growth and remain relevant amid rapid change often see new leadership. A growing number of companies are also looking for a different kind of leader – one who specializes in change and embraces the challenge of helping companies solve their biggest issues. Enter a new breed of Interim Executive, on-demand leadership that brings an outside perspective, cutting-edge thinking, experiential experience and a laser focus on results.
An interim executive is a full-time C-suite rental option. Bringing interim executives into companies because change is needed. They may need to grow to the next level, help with declining revenue, revive the business, prepare for mergers or acquisitions.
Interim officers are able to deploy within a few days and have an impact from day one. They are like special forces of the executive world, parachuted in a difficult situation and solving specific problems.
Why you choose the path of interim management? What sets it apart from permanent executives?:
“Good interim leaders embrace and execute change. They manage transitional change situations positively. They have situational experience that others do not have or avoid others. “
“An interim executive is more goal-oriented and focused on accomplishing the mission with no interest in job longevity.”
“The company is hired for an interim for a specified time to get through a specific issue, while being focused on sustainable long-term and profitability.”
“Looking to set, establish and transition. Watch the system work its magic based on what you helped build.”
“Independent, unbiased, efficient, highly-qualified and experienced, focused on getting things done, immune to hierarchy and politics.”
Benefits of Interim Managers:
In addition to a faster business cycle and higher employee turnover, trends driving the expansion of the interim specialty include global competition, disruptive technology, a growing economy and recessionary fears.
The benefits brought to the table by an interim manager for what type of weight leaders the organization needs are:
Cross industry skills and expertise:
Interim officers are compared to a rolling stone that is no moss. Always moving from company to company, they do not develop institutional blind spots that can set in after years with the same organization. The heart does not stop. They are always at the cutting edge. They have access to the latest skills, thinking, talent and technology, and in many cases, cross-industry expertise that allows them to implement best practices from one business to another.
Results oriented:
Interim officers are measured on results. They are not advisors that give a clear sound and have impressive-looking PowerPoint slides but have never led to successful operations. They do not even have a temperature there to keep the seat warm. They make intimate things.
Force multiplier:
Good leaders inspire others and improve the people around them. Interim officers grow up on team building and mentorship. They excel in assessing talent within the organization and placing people in positions where they can excel.
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