We are living in un-precedented times. The move to digital solutions has accelerated and millions of businesses are trying to get back on their feet. Now, more than ever, those of us who work in support of other businesses need to be relevant and help. There's a way Advisory firms can leverage the knowledge they are sitting on and provide modern risk management apps to engage existing clients and acquire new ones.
"If we aren't relevant and useful to our business clients in the current economic crisis, then we either need to adapt, or go home."
I've heard this said on various webinars I've tuned-in to over lock-down. Digital wellbeing apps and e-Learning portals are coming into the their own. Advisory firms without a digital presence are taking a hard-look at their model. Now more than ever, we need to find a way to be relevant to the clients we serve.
Businesses now need a more modern approach to risk management and protection
Businesses today are facing a dazzling array of fast-moving (and often hidden) threats and opportunities:
- Cashflow risk
- Supply chain disruption
- Cyber security threats
- Product quality / conformance
- Business continuity threats
- and more...
Digital apps and tools were always on the increase to help manage these, but the current crisis has only served to accelerate that demand as we shift to remote working and get more comfortable with digital resources.
Beyond the human talent that advisory firms have, there is more to offer
Human advisers and consultants are in their element when they are actively engaged helping their clients. But what about when they are not there and their client needs something? Sure, webinars and breakfast (sorry) web-conference events are one way to keep reminding clients that you can help, but for those who don't have a strong digital offering to complement their human capability, they are at risk of missing an opportunity.
We live in a connected world, where those who let data and technology enhance their own capability will have a distinct advantage. If this has piqued your interest - please get in touch!